Wednesday, 23 August 2017

Such a good news for SBI account holders, loans to be cheaper;

Customers are getting better know-how for loans. The country's largest State Bank of India has reduced processing fees of all types by 100%. Following that, taking a loan from SBI will be much cheaper.
According to the statement from the bank, 100 percent of the car loan and 50 percent of the basic gold loan processing fees have been eliminated.
The country's largest bank has said that on December 31, 2017, 100% of the processing fee charged on the car loan has been waived. Apart from this, on 31 October 2017, 50% of the processing fee charged on the personal gold loan was also granted.
Benefits on Personal Loans
Apart from car and personal gold loan, on 30 September 2017, SBI is also offering relief to its customers on processing fees. While taking personal loan, customers will be allowed 50% processing fee while availing loan by express credit. It is worth mentioning here that Express Credit is an option for SBI to provide personal loans to customers soon.
If you want to buy a car in the festival season or if you are thinking of getting a gold loan or personal loan for other expenses, definitely the news of cheap loan from SBI is good for you.
For information, the different processing fees for different banks are different. In many cases this fee is dependent on case-to-case. Processing fee includes stamp duty, certification charge, file charge etc.

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