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State Bank of India on Monday announced a slew of offers for its retail customers ahead of the festive season. The bank has announced a 100% waiver on processing fees for its car loan customers across all channels, a release said, adding that customers can get the facility of up to 90% on-road financing for their car loans.
The lender is also offering a special interest concession of 25 basis points (bps) to a customer applying for a car loan through YONO. YONO users can avail car loans at an interest rate starting at 7.5% per annum, the release said.
The bank is offering a reduction of 75 bps in the interest rates for customers availing of gold loans. They can avail of gold loans from across all channels of the bank at 7.5% per annum.
Moreover, it has waived off the processing fee for all the customers applying for gold loans via YONO, the release said.
For personal and pension loan customers, the lender has announced a 100% waiver in processing fees across all channels.
For Covid warriors applying for personal loans, a special interest concession of 50 bps has been announced. This offer will soon be available for application under car and gold loans as well, it said.