Amidst pandemic, where banks are witnessing a lesser number of people approaching them for the loan, the organisations have come up with several offers to assist the people during the crisis. One of India’s biggest banks, the State Bank of India (SBI) is trying to revive the market again by offering lucrative interest rates at various types of loans.
SBI has declared special offers for its customers to enhance the joy of the festival. State Bank of India is waiving 100% in the processing fees for all sorts of loans like car loans, personal loans, and gold loans.
Also, the safety of customers is being taken care of; you are not required to visit the branch of the bank. You only have to apply it via the YONO app. YONO stands for “YOU ONLY NEED ONE “. SBI has initiated YONO to bring the customer on digital platforms. The application is curated in such a way that you will get complete security and can enjoy the complete banking services.
Special offer for Personal loan
Suppose you need some emergency funds and looking for a personal loan. There is good news for you also. In the era of the financial crisis, the lending bank is giving you a personal loan at an interest of 9.6% per annum.
You can take leverage of digital banking by using the YONO app. SBI is promoting its YONO app and asking the customers to avail of the benefit of pre-approved paperless personal loans by applying on the app.
If you wish to check your eligibility for a loan at the comfort of your home. It would help if you sent a message by typing PAPL< space< last four digits of your SBI acct no > send it to 567676
With these constant efforts made by India’s leading bank, we can expect our economy will recover with time. It seems there will be a boost again in the market with an increase in cash flow. The common man will be positively impacted by such offers and will be able to fulfill and enjoy the festival season.
They have offers for a home loan, gold loan, and car loan as well.
Special offer for a Home loan
Now people can also afford their dream house via festive home loan offers. If you are planning to purchase the ready to possession approved project, you would be eligible for a 100% processing fee waiver. Based on credit score and loan amount, you can also avail concession up to 10 bps (basis points) on the interest rate.
Special Offer for Gold loan
If you are looking for a gold loan, this is the right time to take a gold loan. The gold loan, which usually demands a 12% interest rate, is now available at a very nominal rate of interest.
SBI has declared flexible repayment options for up to long 36 months at the interest rate of 7.5%only.
Special offer for a Car loan
The car loans which are usually available at more than 12 % are being offered at as less interest as 7.5%. Now SBI customers can also enjoy 100% on-road finance for selected models only.
With these many options, SBI has opened several doors for the borrowers and has presented them with alternatives that they can select from as per their comfort and requirement.