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SBI to waive processing fee on YONO loans, offers 10 bps off on home loans

The country's largest lender is offering the lowest interest rate starting from 7.5 per cent to customers opting for car loans

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The lender's retail advances grew by 12.85 per cent (year-on-year) in the June quarter (Q1Fy21).

2 min read Last Updated : Sep 29 2020 | 1:08 AM IST

In order to boost credit demand in the upcoming festive season, the State Bank of India will waive off processing fee for customers applying for car, personal and gold loans through digital banking platform YONO. It will also give a concession of upto 10 basis points (bps) on home loans.

The country’s largest lender is offering the lowest interest rate starting from 7.5 per cent to customers opting for car loans. They will also get 100 per cent on-road finance on select models, SBI said in a statement.

The lender's retail advances grew by 12.85 per cent (year-on-year) in the

Topics : sbi SBI Yono car loans Home loans gold loans PSBs Personal loans

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