SBI waives off processing fee on car loans fully, 50% on gold, personal loans

'To bring more smiles to customers and their dear ones, bank has waived 100 percent processing fee on car loans till 31 December, 2017,' SBI said.

PTI August 21, 2017 18:49:04 IST
SBI waives off processing fee on car loans fully, 50% on gold, personal loans

New Delhi: Market leader State Bank of India on Monday announced waiver of up to 100 percent processing fee on car, gold and personal loans, albeit for limited periods.

SBI waives off processing fee on car loans fully 50 on gold personal loans

Reuters

This is in addition to the existing waiver on processing fee on takeover of home loans, SBI said in a release.

"To bring more smiles to customers and their dear ones, bank has waived 100 percent processing fee on car loans till 31 December, 2017," it said.

Country's largest lender further said it has also waived 50 percent of the processing fee on personal gold loans till 31 October, 2017.

"Till 30 September, 2017, customers can avail 50 percent waiver on processing fee on Xpress Credit – a personal loan offering by the bank," the bank said.

SBI has over 23,000 branches in the country and over 59,000 ATMs.

SBI's share closed at Rs 274.65 a piece, down 1.44 percent, on BSE.

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