SBI waives off processing fee on car loans fully, 50% on gold, personal loans

"To bring more smiles to customers and their dear ones, bank has waived 100 percent processing fee on car loans till 31 December, 2017," SBI said.

|Aug 21, 2017, 18:50:59 IST

New Delhi: Market leader State Bank of India on Monday announced waiver of up to 100 percent processing fee on car, gold and personal loans, albeit for limited periods.[caption id="attachment_3957857" align="alignleft" width="380"] Reuters[/caption]This is in addition to the existing waiver on processing fee on takeover of home loans, SBI said in a release."To bring more smiles to customers and their dear ones, bank has waived 100 percent processing fee on car loans till 31 December, 2017," it said.Country's largest lender further said it has also waived 50 percent of the processing fee on personal gold loans till 31 October, 2017."Till 30 September, 2017, customers can avail 50 percent waiver on processing fee on Xpress Credit – a personal loan offering by the bank," the bank said.SBI has over 23,000 branches in the country and over 59,000 ATMs.SBI's share closed at Rs 274.65 a piece, down 1.44 percent, on BSE.

BOJ seen raising interest rates by December as weak yen fuels inflation risks

Majority of economists expect Japan's central bank to deliver a 25-basis-point rate hike by year-end, with further policy tightening likely through 2027.

2 min read

'From make in India to launch from India': Skyroot COO on why Vikram-1 could change India’s space sector

Skyroot Aerospace’s successful Vikram-1 mission marks a major milestone for India’s private space sector, as the country seeks to shift from “Make in India” to “Launch from India” and compete in the global commercial satellite launch market

8 min read

Google burns cash for first time as AI spending pushes 2026 capex to $205 billion

Google parent Alphabet reported negative free cash flow of $5.9 billion in the second quarter for the first time since going public, as surging AI infrastructure spending pushed its 2026 capital expenditure forecast to as much as $205 billion

6 min read

Tesla sells more cars but makes less money: Why Musk’s AI pivot is squeezing profits

Tesla’s record Q2 deliveries failed to translate into higher profits as price cuts, falling regulatory-credit revenue and Elon Musk’s aggressive AI spending squeezed margins and pushed the EV maker into negative free cash flow

5 min read

No premium queues, 30-minute target: What changes for Indian passport applicants in UAE

Indian passport applicants in the UAE can now access passport, visa and attestation services through Alhind’s 16 centres, with no premium queues, a Dh19 service fee and a target of completing applications within 30 minutes

4 min read

Up Next