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5 Big & Most Recent Updates By SBI For Loan And Fixed Deposit Customers


The largest public sector bank of our country State Bank of India (SBI) has recently unveiled a plethora of deals for its customers. Whether you are a customer going to apply for a home loan, car loan, gold loan, personal loan, or want to get higher returns on your deposit, SBI has now something big deal for you that you surely can't miss. To honor India's Independence Day, SBI recently announced lower interest rates, waived processing fees on loans, special offers for taxpayers, and higher deposit rates on a special deposit for specified tenures. Ranging from loans to a new deposit scheme, here we have compiled all the deals of SBI for your convenience.

5 Big & Most Recent Updates By SBI For Loan And Fixed Deposit Customers

SBI Home Loan Offers

For customers who want to apply for a home loan, SBI has waived off processing fees. Via its Twitter handle the bank has said that "This Independence Day, swipe right on your dream home with SBI Home Loan. Customers can get a home loan with zero processing fees and an interest rate concession of 5bps if they apply via YONO. On the other hand, women customers applying for a home loan with SBI will also get an interest rate concession of 5 bps. SBI home loan interest rates currently start from 6.70% and customers can also give a missed call on 7208933140 to apply for the same.

SBI Car Loan Offers

For customers going to apply for a car loan, personal loan, or gold loan with SBI, the largest public sector bank is also offering a 100 percent processing fee waiver. The bank via its Twitter handle has unveiled that "Get drenched in happiness, as it's raining offers with SBI. Avail a 100% Processing Fee waiver on Car Loan, Gold Loan and Personal Loan." Customers who apply for a car loan through YONO will receive a special rate discount of 25 basis points from SBI. Customers of SBI can receive a car loan with an interest rate as low as 7.5 percent annually. Not only these, customers applying for a car loan with SBI can also get up to 90% on-road financing according to the official website of SBI.


SBI Gold Loan Offers

For customers going to apply for a gold loan with SBI, the bank is also offering an interest rate concession of 75 bps. Currently, SBI is offering an interest rate of 7.5% per annum on the personal gold loan scheme of the bank. For customers applying for a gold loan via YONO will also get the benefit of zero processing fee. SBI is offering gold loans with a minimum amount of Rs 20,000 thousand up to Rs 50 lacs with a margin of 25% on gold loan, 25% on liquid gold loan, 35% on bullet repayment gold loan.

SBI Offer For Taxpayers

Taxpayers who want to file their IT returns can do it for free if they apply via YONO. Regarding the same, the largest commercial giant has recently said via its Twitter handle that "SBI marks India's 75th Independence Day with a special offer for you. File your Income Tax Return with Tax2win on YONO for FREE." Taxpayers will also get CA-assisted service starting at Rs 199. To file your IT return for free just login to YONO SBI >> shop and order >> Tax & Investment >> Tax2win.

SBI Platinum Deposits

Customers of SBI can now earn up to 0.15 percent more on Term Deposits with terms of 75 days, 75 weeks, or 75 months. This exclusive offer is only available till September 14, 2021. To commemorate India's 75th year of independence, the State Bank of India (SBI) has launched platinum deposits. In addition, the bank has stated on its Twitter account that "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." To know more about this new deposit scheme, please click here.

Read more about: sbi
Story first published: Tuesday, August 17, 2021, 18:14 [IST]
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