Good news for SBI customers .. 3 types of low-interest loans
SBI has good news for its customers. It offers 3 types of low-interest loans namely personal loans, gold loans, and car loans. SBI said it was paying interest on the gold loan without any processing fees. The interest rate on this gold loan will start from 7.3 percent. Also made available several options to repay the loan amount. You can choose from options like Bullet, Overdraft, EMI. It is sufficient to repay the loan within 36 months. Depending on the quality of the gold you have, Rs. 20 thousand to Rs. Will give a loan of up to Rs 50 lakh.
Also, SBI claims to be giving car loans. There is no processing fee for applying for a loan through the SBI Yono app. The interest rate on this will start from 7.25 percent. Borrow up to 90% of the car price. There are also no prepayment charges. Easy ride prepaid loans are also available for those who want to get a two wheeler loan. EMI for Rs 10,000 starts from Rs 251.
It also offers low interest rate loans for personal loans. The interest rate on these loans starts from 9.6 percent. Also, the bank claims that you can get a loan with just 4 clicks. Even on these types of loans, there is no processing fee for applying for a loan through the SBI Yono app. Now all these loans can also be applied through the Yono app.