State Bank of India (SBI) is providing a 0.25 percent car loan concession. Customers of SBI will also get free car accessories worth up to Rs 5,000. Although SBI customers will receive a rebate on their auto loan, only Toyota customers will receive free accessories. In a recent tweet SBI has stated that "Ride your dream car with pride! Book any Toyota Car via YONO SBI and get free accessories upto Rs 5000."
SBI customers should apply for a car loan through the State Bank of India YONO App to be eligible for the auto loan concession. SBI has tweeted that "Applying through YONO gets you a 0.25% concession on the interest rate."
SBI customers must log into the State Bank of India YONO app to get the 0.25 percent discount and instant in-principle approval for a car loan. SBI proposes a car loan with an annual interest rate of 7.75 percent. SBI customers, on the other hand, can apply for an auto loan through YONO at a 7.50 percent annual interest rate.
SBI has also recently notified its customers about social manipulation frauds in which scammers are claimed to have generated online fixed deposits (FDs) in customers' accounts. SBI, the country's largest lender, posted a Tweet alert and stated that it's a new kind of cyber crime in which criminals use the victim's online FD account to steal money. SBI provides regular alerts to its customers, advising them about phishing threats and how to protect themselves from those scams. SBI's official Twitter account @TheOfficialSBI maintains customers up to date. And on its Twitter account SBI recently tweeted that "We urge our customers not to share their banking details with anyone. Don't fall for scammers impersonating as SBI, we never ask for personal details like Password/OTP/CVV/Card Number over the phone."