SBI processing fee exemption: It’s raining offers for customers of the State Bank of India (SBI). The country’s largest public sector bank offers its clients 100% processing fee waiver on auto loans, gold loans and personal loans. Those interested can log on to the official SBI website at sbi.co.in for more details.
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The SBI recently tweeted about the offer from its official Twitter account. The tweet from the nation’s largest public sector lender said: “Immerse yourself in bliss as it rains deals with SBI. Enjoy 100% processing fee waiver on auto loan, car loan gold and personal loans. Learn more at bank.sbi. “
Soak up happiness as it rains deals with SBI. Get 100% Processing Fee Waiver on Auto Loans, Gold Loans, and Personal Loans.
– State Bank of India (@TheOfficialSBI) August 16, 2021
Now, SBI clients who plan to avail these 100% processing fee waived loans should be aware of the other details regarding the loans. They are as follows:
SBI Gold Loan
SBI clients should note that the interest rates for the SBI Gold Loan start at 7.5 percent per annum.
SBI Auto Loan
SBI customers should note that the interest rate for the SBI auto loan is 7.75 percent per annum. If SBI clients use the loan through SBI YONO, the interest rate will be 7.5 percent per annum. Customers should remember that the bank finances all makes of new cars and used cars less than five years old.
SBI personal loan
SBI clients should note that the interest rate for the SBI personal loan starts at 9.6 percent per annum. In the case of a personal loan, the loan limits are as follows:
Term loan: Rs 25,000
Overdraft: Rs 5 lakh: The overdraft will be subject to a monthly draw power reduction so that the draw power becomes NULL in 72 months
Rs 20 lakh subject to 24 times monthly net income (NMI) and applicable EMI / NMI = 50% for all categories [except employees of Govt. Aided Schools where it is 12 times Gross Monthly Income (GMI)]
SBI clients can also avail these loans on SBI YONO, the SBI YONO app is available for download on Android and iOS devices. In case of further questions, SBI customers can connect to the official SBI website at sbi.co.in.