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State bank waives processing fee on personal loans

By Vicky

There is good news for those wanting to avail personal loans at State Bank of India. The bank has waive the processing fees on most of its retail loans. This is in addition to the existing waiver of fees on takeover of home loans from other lenders.

State bank waives processing fee on personal loans

The bank said that it will waive upto 100 per cent processing fee on car loans, personal gold loans and other personal loans. This is part of a 'festival bonanza' programme announced by the bank. The waiver of fees on car loans is valid for applications received till December 31, 2017, the bank said in a statement.

Separately, SBI has also waived 50 per cent of the processing fee on personal gold loans till October 31, 2017. Till September 30, 2017, customers can avail 50 per cent waiver on processing fee on Xpress Credit - a personal loan offering by the bank.

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