To bring in cheer and spread festive joy amid the pandemic, the nation's largest lender State Bank of India (SBI) presents a slew of special offers for its retail customers. Bank has announced a 100% waiver in the processing fee for all customers applying for Car, Gold, and Personal loan through YONO. The bank is offering the lowest interest rate starting from 7.5% to customers opting for the car loan. They will also get 100% on-road finance on select models.
- Waives processing fee on Car, Gold, Personal & Home Loans in approved projects.
- Credit Score based concessions up to 10bps for Home loans above 30.00 lacs to 1Cr.
- Homebuyers to get 5bps interest concession if applied through YONO
- Lowest interest rates on Car and Personal loan starting at 7.5% and 9.6% respectively
- Lowest interest rates on gold loan at 7.5%
- Instant in-principle approval of Home, Car, and Gold loans through YONO
- Flexible repayment options of up to 3 years for Gold loan customers
- Avail paperless Pre-approved Personal Loans & Insta Home Top-up Loans through YONO in a few clicks
SBI has announced special festive offers on home loans for home buyers. There would be a complete waiver on processing fees on home loans for homebuyers in approved projects. The bank is also providing special concessions up to 10bps on the interest rate for the customers based on their credit score and loan amount. Additionally, homebuyers can avail 5bps interest concession if they apply for a home loan via YONO (YOU ONLY NEED ONE APP).
There's good news for Gold loan customers as well, as they now have flexible repayment options for up to 36 months at the lowest interest of 7.5%. To enhance the availability and affordability of credit to individuals in the times of the current crisis, the bank is offering Personal loans with lending rates as low as 9.6%.
With digital banking increasingly gaining momentum especially in the current scenario, SBI's flagship banking and lifestyle platform YONO is all set to provide an extra layer of convenience to its customers by offering them in-principal approval on the Car and Gold loan application. SBI customers can also avail a pre-approved paperless personal loan on YONO at the comfort of their homes in just 4 clicks. They can simply check their eligibility via SMS by typing PAPL to 567676.
CS Setty, MD (Retail & Digital Banking), SBI said, "It is SBI's constant endeavor to work towards benefits of its valuable customers by offering them products and services suiting their needs and requirements and at the same time going easy on their wallets. With the economy recovering gradually, we hope to see a boost in consumer spends and at the same time ensure SBI's helping hand to all those in addressing their financial needs to have a pleasant festive season."
Shares of STATE BANK OF INDIA was last trading in BSE at Rs.187.3 as compared to the previous close of Rs. 182.2. The total number of shares traded during the day was 1418789 in over 10978 trades.
The stock hit an intraday high of Rs. 188 and intraday low of 183.6. The net turnover during the day was Rs. 264338109.