The country’s largest bank, SBIIt has given an important gift to the customers before Diwali today. In the wake of increasing demand from the government, the SBI has also decided to waive this important fee for customers to take loans.
Fastic offer also presented
The SBI today made an important announcement that the processing fees charged for car loans, gold loans and personal loans have been waived. However the important condition is that the customers apply for this loan SBIMust be applied through Yono. Fastic offer also introduced: In addition to waiving processing fees, the bank has also announced the cheapest interest rate loan. SBI has announced an attractive interest rate of 7.5% on car loans. Along with this, on some models, 100% on-road finance, i.e. up to 100% of the price of the car has also been announced.
Attractive discounts on home loans too
SBI has also introduced special home loans ahead of the festive season to attract customers and increase demand in the market. It also waived processing fees on home loans and announced interest rate cuts of an additional 10 basis points for customers with good credit scores and loan amount. For the festive season, SBI has gone uphill and apart from the above home loan announcement, it has also announced a reduction in interest rates by an additional 5 basis points if the customer applies for a home loan through SBI’s YONO. As on June 30, 2020, SBI has a total of Rs. There are deposits of Rs 34 lakh crore and advances of Rs 24 lakh crore. The bank’s CASA ratio was around 45%. SBI has a market share of 34% in the home loan segment and 33% in the auto loan segment.