State Bank of India (SBI) has introduced a slew of festive offers, including car loans with zero processing fees and lower interest rates ranging from 8.8% to 9.7%. The bank is also offering up to 100% financing and instant in-principle approval on these car loans, alongside brand-specific deals, valid until January 31, 2024.
In addition to the car loan deals, SBI has introduced home loan concessions tied to CIBIL scores. Borrowers can avail reductions of up to 65 basis points until December 31, 2023. An additional concession of 20 basis points is available for those with a CIBIL score of 700 and above. Projects linked with builders are eligible for an extra concession of 5 basis points.
Special concessions are also extended to applicants of Shaurya, Shaurya Flexi, and Shaurya Flexi Vishisht Products, who can receive a further concession of 10 basis points. MaxGain and Realty loan borrowers with a CIBIL score of 750 or above are offered a concession of 5 basis points.
All the details regarding these offers are available on SBI's official website. These initiatives aim to stimulate borrowing during the festive period by providing customers with more attractive loan terms.
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