After reducing interest rates of savings account, India's largest bank in terms of assets, State Bank of India on Monday announced festive offer on various loans for retail customers. 

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Ahead of festive season, the bank waived of processing fee on car loans, personal gold loans and personal loans. 

This is what the offer is:

1. The bank has waived 100% processing fees on car loans till December 31, 2017
2. 50% off on the processing fees on personal gold loans till October 31, 2017.
3. Till September 30, 2017, customers can avail 50% waiver on processing fee on Xpress Credit – a personal loan offering by the bank.

Till now, the bank was charging 0.5% of the loan amount plus GST on cetrified pre-owned car loans, 2% of loan amount plus GST on Super bike loan and 1.5% of loan amount plus GST on two-wheeler loan. 

For gold loans, the bank was charging 0.51% of the loan amount for BIS Hallmarked jewellery or ornaments and specially minted gold coins sold by banks. 

And, on Xpress Credit, the bank was charging 0.5% of loan amount plus taxes as processing fees.

At 1430 hours the shares of the bank were trading at Rs 276.30 per piece, down 0.84% or Rs 2.35 on BSE.