State Banks of India (SBI), India’s largest lender and the public sector bank have now announced that the interest on the fixed deposits is getting revised now. The interest rate that you need to pay for the different loans that you have taken will be less considerable. This includes the interest rate for the home, auto loan borrowers as well. This is one of the greatest offers that is offered to the customers by the State Bank of India. if you are residing in Bangalore and looking to take personal loan in Bangalore then this news will make you much more happy.
With the loans, customers will also enjoy some other benefits like availing the cheaper loans like the waiver in processing fees, pre-approved digital loans and several loans with no escalation in the interest rate. This will be applied in different categories. With the offer of no escalation, it ensures that the customers do not need to face fluctuations in their interest rates. However, this is not a long term offer given by the banks and it is just the festival. So, it cannot be expected that the offer will last for a long time. Further, the bank also has not given any time limit for the offer.
For online loan applicants
For the people who are willing to apply for the loan through the digital medium, it is possible to have a 25 basis points concession on the interest rate that can be obtained. In the case of the salaried customers, it is possible to have up to 90% of the car’s on-road price as the loan amount.
The cheapest home loan
The other good news for the SBI customers is that you may have the home loan with the cheapest interest rate as possible. The repo rate given is just 8.05 percent. It is the interest rate for the customers who get their loan from 1st September 2019.
The personal loan
Now, the SBI customers can claim for the home loan for even up to Rs. 20 lakh and the interest rate will start just from 10.75% with the tenure of 6 years. This will further include the reduction of equated monthly installments (EMI) burden for you. Additionally, when you are moving through the YONO, it is possible to have a loan up to Rs. 5 lakh as the pre-approved digital loans for all the salaried customers.
The Education loan
State Bank of India is showing its high concern for the student and helping them to learn with the education loan. Now, it is possible to have an education loan with an interest of 8.25% for up to Rs. 50 lakh for studying in India and Rs. 1.50 corer for higher studies in abroad countries.
Avail the offers now!
Are you now excited about the offers and lowest interest rate offered by the State Bank of India? Make sure you look for the right personal loan in Bangalore and you take them in the best way to make it suitable for your needs. Avail the loans and fulfill your needs with it!