SBI announces new offers to mark 75th India’s Independence

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• Aug 16, 2021 | moderator

Mumbai: State Bank of India (SBI) has announced several offers for the Customers, including a 100 per cent waiver on processing fees for car loan customers all over India. Further, the customers can avail of the facility of up to 90 per cent on-road financing.

Moreover, SBI offers a special interest concession of 25 bps for the customers applying for a car loan via YONO with an interest rate of 7.5 per cent per annum.

For gold loans, SBI is offering a cutback of 75 bps in interest rates. Now, the customers can take a gold loan at an interest rate of 7.5 per cent per annum. Additionally, the bank waived the proceeding fee for all the customers applying for a gold loan through YONO.

For the pension and personal loan customers, it has declared to waive 100 per cent in the processing fees across the nation.

Moreover, SBI announced a special interest allowance of 50 bps to frontline healthcare workers applying for personal loans.

To mark India’s 75th Independence, SBI has introduced platinum term deposits for retail depositors. On term deposit for 75 days, 75 weeks, and 75 months’ tenure till; September 14, the customers will get additional interest benefit up to 15 bps.

Managing Director for retail and digital banking, C S Setty, stated, “This offer will help customers to save more on their loans and will also add value to the festive celebration.”