SBI waives off processing fee on loans ahead of festive season

State Bank of India (SBI), the nation’s largest lender, has come up with festive offers for its retail customers. To give customers a respite from the stress the pandemic has brought, a 100% waiver in the processing fee has been announced by SBI for all customers applying for Car, Gold, and Personal loan through YONO (You Only Need One App).The bank has decided to offer the lowest interest rate starting from 7.5% to customers opting for the car loan. They will also get 100% on-road finance on select models.