SBI 

SBI announces special car, personal, education loan benefits ahead of festive season

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  • SBI is offering education loan with repayment tenure of 15 years
  • It is also personal loan with tenure of up to 6 years
  • 25 bps concession on interest rate by YONO app
  • Avail the loan up to 90% of the car’s on-road price.

On the personal loan front, SBI is offering loan up to Rs. 20 lakh with interest rate from 10.75% with repayment tenure of up to six years. Additionally, salary account customers of SBI can avail pre-approved digital loans up to Rs. 5 lakh through its YONO platform.

SBI is also offering education loan at an interest starting from 8.25% for loan up to ₹50 lakh for studies in India and up to ₹1.50 crore for studies abroad respectively, with repayment tenure of 15 year.

SBI claims to offer “cheapest home loan” with interest rate of 8.05% as RBI’s repo rate linked home loan. This rate will be applicable to all existing and new loan from 1 September, the bank said.

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