SBI Festival Offers for Loans Details of Loan Eligibility, Charges, Interest Rates

Ahead of festival season, the State Bank of India (SBI) has come up with multiple loan offers for retail customers. You can save Thousands and Lakhs of rupees by choosing Personal Loan, Car Loan, Gold Loan and/ or Home Loan from SBI.

Already the rates of interest are at lowest mark due to pandemic. Will all these offers bank borrowings are definitely good for anyone who wants to meet a life goal and build an asset.

Here are the latest SBI Loan offers:

100% processing fee waiver!

By applying through YONO app, you can enjoy 100% processing fee waiver on Car Loan, Gold Loan, and Personal Loan.

As for Home Loan, the bank has already announced 100 % processing waiver on online as well as offline applications, along with additional 5 bps saving through YONO App.

The Lowest Car loan from SBI is currently starting from 7.5% p.a. Besides the lender is also offering 100% on-road financing option for select models.

The SBI Personal Loans are starting at 9.60% p.a. The processing fee is up to 1.5% of loan amount which is completely waived off when applied online.

Special Gold Loan Offer

Gold Loan customers have another special deal. Besides 90% LTV for Gold Loan, the borrowers can now opt for flexible repayment for up to 36 months. The lowest Gold Loan interest rate from SBI is 7.5%. Thus you can make maximum benefit of low cost loan amid this ongoing cash crunch caused due to COVID19.

Preapproved Personal Loan

Furthermore, on YONO App, you can check pre-approved paperless Personal Loan offers in a few clicks. You can get instant in-principal for all types of loans, such Personal Loan, Car Loan, and Gold Loan on the app as well.

The customers can also send SMS: PAPL <space> <last 4 digits of SBI account no.> to 567676 and check the loan eligibility.