SBI Navratri Durga Puja 2021 Offers Personal Gold Car Loans At Interest Rates With No Processing Fee
New Delhi: The State Bank of India (SBI) offers loans to its clients on the auspicious occasions of Navratri and Durga Puja. SBI account holders are eligible for car loan, personal loan, and gold loan. The loans are available with no processing fees. “Let prosperity shine upon you like this Durga Puja. Celebrate this festival with our special offers, ”said SBI.Also Read – SBI’s ‘Kavach Personal Loan’ Program Launched for Covid Patients. All you need to know
The SBI car loan is available from 7.25% per annum, the personal loan from 9.60% per annum and the gold loan at 7.50% per annum. Also Read – SBI Loan: Need Money Now? Check State Bank of India Interest Rates for Home, Car, Individuals, Overseas Education, and Gold Loans
“On this prosperous opportunity of Durga Puja, get the best deals on auto loan, personal loan and SBI gold loan and enjoy it on YONO SBI,” SBI tweeted. Read also – Student loan: Hurry! SBI Offers These Concessions in State Bank of India Education Loan Interest Rates
Before the holiday season, India’s largest public sector bank launched home loans tied to the 6.70% credit rating, regardless of the amount. Before the festive offer, a borrower with a loan greater than Rs 75 lakh had to pay an interest rate of 7.15%, according to an IANS report.
The offer translates into a saving of 45 basis points, which translates into a huge interest savings of over Rs 8 lakh, for a loan of Rs 75 lakh with a term of 30 years, IANS reported in citing the bank.
In addition, the SBI has removed the distinction between a salaried borrower and a non-salaried borrower. “From now on, no interest premium linked to occupancy is charged to potential borrowers of mortgage loans. This would lead to a new interest saving of 15 basis points for non-employee borrowers, ”said SBI, said IANS.
Previously, the interest rate applicable to a non-employee borrower was 15 basis points higher than that for employee borrowers, IANS reported.