The State Bank of India (SBI) has released a special festive offer for customers. SBI is offering a wavier on processing fees up to 100% for personal gold loans, car loans and personal loans. This will be offered along with the existing processing fee waiver for home loan takeovers. India’s largest lender, State Bank of India, has announced this special festive bonanza for all retail customers through an official press release.
The bank has stated that it aims at bringing more happiness to customers and their relatives and there will be a 100% waiver on processing fees till the 31st of December, 2017. SBI has also offered a waiver on processing fees to the tune of 50% for personal gold loans till the 31st of October, 2017. Customers can also expect a waiver on processing fees by 50% on personal loans or Xpress Credit till the 30th of September, 2017. This announcement comes right after Axis Bank offered a 12 EMI waiver for home loans up to Rs.30 lakh.
Axis Bank has also launched the new affordable housing scheme called Shubh Aarambh where this wavier will be granted to borrowers who repay their loans on time. They will be get waiver of 4 EMIs each after the 4th, 8th and 12th year from the first disbursement date. SBI has now moved to offer festive schemes to its retail customers in a bid to increase its loan book.