Diabytes
SBI loans News
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The Base rate has been increased by 0.10 per cent.
The prime lending rate has been hiked by 0.10 per cent.
The latest revisions in the rates are all set to impact SBI customers.
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SBI is now giving a car loan at Rs 1,530 per lakh as part of its new offerings.
SBI is offering consumers a gold loan with an annual interest rate of 7.5 percent.
Customers of SBI can also apply for these loans through the official SBI YONO app.
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Customers for gold loans will eventually get a 75 basis point reduction in the interest rates.
Notably, there won’t be any processing fees charged on personal and pension loan customers.
SBI has also come with a 'platinum term deposits' for retail depositors.
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Notably, KAVACH personal loan is available for SBI customers at the lowest interest rate of 8.50 percent per annum.
The SBI customer needs to keep the following things in mind while availing of the loan.
SBI customers must note that the KAVACH personal loan can be obtained via the branch channel, as well as the digital channel which is pre-approved through YONO.
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State Bank of India (SBI) has announced several attractive offers for its retail customers.
The offers announced by SBI, which i India's largest commercial bank, includes 100 per cent waiver on the processing fee for home loan, auto, gold and personal loans.
The SBI has announced that in the auto loan segment, the bank will give 100 per cent finance to the car loan applicants.
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The SBI has also simplified the process of stopping the EMIs by initiating an SMS communication to nearly 85 lakh eligible borrowers asking about their consent to stop EMIs.
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The new rates linked the external benchmark rate of the repo rate, will be effective May 1, the bank said in a late evening statement.
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The 'Dena Retail Loan Carnival' will offer loans in the range of 8.25 percent - 9 percent from November 16, 2017 to December 31, 2017.
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Last week, the country's largest lender State Bank of India (SBI) reduced its lending rate for home and auto loans by 0.05 percentage point.
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Embattled businessman Vijay Mallya failed to appear in Supreme Court in a contempt case filed by a consortium of banks led by SBI. The apex court, which had held Mallya guilty of contempt, fixed the matter for hearing on July 14.
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The country`s largest public sector lender State Bank of India on Monday said its saving accounts have swelled up by Rs 1 lakh crore after demonetisation.
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Loans worth Rs 11,700 crore given by State Bank of India have been locked up as non-performing assets as nearly 1,160 defaulters have willfully decided not to repay.
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Customers can now apply online for home, car, education and personal loans from the State Bank of India (SBI).
The BSE Sensex and Nifty rose for a fourth consecutive day on Friday, as State Bank of India surged after bad loans rose only slightly in the previous quarter, with sentiment also underpinned by stable consumer inflation data and stronger global markets.
State Bank of India (SBI) Chairperson Arundhati Bhattacharya Tuesday said she does not have a magic wand to deal with bad loans, which soared to Rs 61,605.35 crore at the end of March.
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