SBI announces various special offers for retail customers

State Bank of India on Monday announced a slew of offers for its retail customers ahead of the festive season.
The lender is also offering a special interest concession of 25 basis points (bps) to a customer applying for a car loan through YONO.

YONO (You Only Need One App) is the mobile banking app of the lender.

YONO users can avail of car loans at an interest rate starting at 7.5 percent per annum, the release said.

The bank is offering a reduction of 75 bps in the interest rates for customers availing of gold loans. They can avail of gold loans from across all channels of the bank at 7.5 percent per annum.

Moreover, it has waived off the processing fee for all the customers applying for gold loans via YONO, the release said.

For personal and pension loan customers, the lender has announced a 100 percent waiver in processing fees across all channels.

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