Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

SBI Waives Processing Fees on Car Loans, Offers Special Interest Rates During Festival Season

SBI customers will enjoy other benefits such as waiver in processing fees, pre-approved digital loans and loans with no escalation in interest rates across various categories, the bank said in a news release.

News18.com

Updated:August 20, 2019, 11:27 AM IST
facebookTwitterskypewhatsapp
SBI Waives Processing Fees on Car Loans, Offers Special Interest Rates During Festival Season
Image for representation. (Reuters)
Loading...

New Delhi: State Bank of India announced special offers for customers on Monday to encourage purchase during the upcoming festive season in the retail banking sector. The Bank's offers include lower interest rates on home loans, car loans and personal loans.

Besides, SBI customers will enjoy other benefits such as waiver in processing fees, pre-approved digital loans and loans with no escalation in interest rates across various categories, the bank said in a news release.

Car loans

The bank has waived off processing fees and is offering an interest rate starting from 8.70 percent, with no escalation in interest. Customers who apply for a car loan online through YONO app or the bank's website, will get a 25 bps concession on the interest rate. Meanwhile, salaried SBI customers can avail the car loan upto 90 percent of the car’s on-road price.

Personal loans

Customers can avail personal loans of upto Rs. 20 lakh at the interest rate starting from 10.75 percent with the longest re-payment tenure of six years. Additionally, salary account customers can avail pre-approved digital loans upto Rs 5 lakh through SBI YONO app in four clicks.

Education loans

The bank is offering education loan at an interest rate starting from 8.25 percent for loan upto Rs 50 lakh and upto Rs 1.50 crore for studies in India and abroad, respectively. SBI customers will get the longest re-payment tenure of 15 years.

Home loans

The bank said it has so far reduced MCLR by 15 bps since April, resulting in a 35 bps decrease in the home loan interest rate. SBI claimed that it offers the cheapest home loan with an interest rate of 8.05 percent as repo rate linked home loan and this rate will be applicable to all existing and new loan from September 1.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Ahona Sengupta
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Reliance 1,210.75 -1.21
BPCL 380.00 -6.99
Maruti Suzuki 6,412.75 -0.58
Yes Bank 67.05 -2.19
HDFC 2,046.75 -1.78
Company Price Change %Gain
Kotak Mahindra 1,470.60 -0.87
HDFC Bank 2,243.15 -0.58
Biocon 230.90 -0.71
HDFC 2,046.30 -1.89
Graphite India 371.95 19.33

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results