Tuesday, 19 October 2021

Change in the interest rate on deposit, fee wavier on loans by SBI

Change in the interest rate on deposit, fee wavier on loans by SBI

State Bank of India (SBI) has come up with concessional interest rates, waiver of processing charges on loans, and higher deposit rates on specific tenures to commemorate the Independence day of India. The country's top lender has announced a special offer for taxpayers also.

C S Setty, MD, SBI says.

"We are glad inform to announce that multiple offerings for all our retail customers ahead of festive seasons. We believe in offerings that will help customers to save more on loans and at same time add value to festive season. It is our constant try by SBI to offer the best financial solutions to all our customers and help them fulfil their requirements and needs ,"

Interest Rate, Processing Fee on SBI Home Loan

SBI is offering a zero processing fee home loan. "This Independence Day, swipe right on your dream home with SBI Home Loan," the country's largest lender tweeted.

  • SBI customers can avail themselves of the Zero Processing fee.
  • Women customers can avail of5 BPS interest concessions for women.
  • State Bank customers can also get a 5 BPS interest concession if they apply via SBI YONO.
  • SBI Car Loan Interest Rate, Processing Fee

Bank also announced a waiver of 100% on processing fees for Car loan customers across all mediums.

Customers can enjoy the facility of up to 90% on-road financing for their car loans.

SBI offers a particular concession on the interest of 25 bps for customers applying for a Car loan via the YONO app.

The users of YONO SBI planned to bring home new cars can avail of loans at an interest rate as low as 7.5% per annum.

Change in interest rate on deposit fee wavier on loans by SBI 1getty image

Read More: From October banks to pay charges if no cash in ATM's

SBI Gold Loan Interest Rate, Processing Fee

For Loan Gold customers, the Bank is offering a reduction of 75 bps interest charge.

Customers can avail of Gold loans from all mediums of the Bank at 7.5% per annum.

The Bank has further waived the processing fee for all the customers applying for a gold loan via YONO.

SBI Personal & Pension Loan Processing Fee

For its Personal & Pension loan customers, the Bank has announced a 100% waiver in processing fees across all channels.

The Bank has also announced a particular interest concession of 50 bps to covid warriors,

i:e: 'frontline workers who worked healthcare in covid pandemic ' applying for Personal loans.

SBI Platinum Deposits Interest Rate

State Bank of India (SBI) has introduced platinum deposits to mark India's 75th year of Independence. SBI customers can get additional interest up to 0.15 percent on Term Deposits for 75 days, 75 weeks, and 75 months tenors. SBI offer is valid up to 14th Sept 2021.

"It's time to celebrate India's 75th year of Independence with Platinum Deposits. Exclusive benefits for Term Deposits and Special Term Deposits with SBI. Offer valid up to 14th Sept 2021," SBI tweeted.

Income Tax Return

SBI marks India's 75th Independence Day with a special offer for you. File your Income Tax Return with Tax2win on YONO for FREE! #SBI #IndependenceDay #ITR #YONO #Offer #Tax2Win #IncomeTax pic.twitter.com/mdYVYLqf3d

— State Bank of India (@TheOfficialSBI) August 14, 2021

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