Save ₹10,000+ on Personal Loans: Zero Processing Fee Offers from Banks

Kuldeep Singh Chundawat

When you’re taking out a ₹5 lakh personal loan, even a 2% processing fee adds up to ₹10,000. But thanks to limited-period offers from several banks, you could waive that fee entirely. Here’s what to know:

🏦 Banks Offering Zero Processing Fee

Bank	Regular Fee	Zero-Fee Scenario
Bank of India	Standard applies	Waived for select loan categories during promotions paisabazaar.com+12livemint.com+12facebook.com+12
IndusInd Bank	Up to 3–3.5%	Zero fee on digital applications, e.g., May 13–16, 2025
Union Bank of India	0.5%	Often waived during special campaigns
ICICI Bank	0.99–2.5%	Online discounts at times
State Bank of India	1–1.5%	Lower or zero fees during festive periods
HDFC Bank	1–2.5%	Waivers available for select customers
Kotak Bank	Up to 2.5%	0% fee offers for salaried employees occasionally
Yes Bank	Up to 2.5%	Occasionally waives fees on select offers

🔑 Highlights

IndusInd Bank: Recently ran a zero-fee online personal loan offer (May 13–16, 2025). Offers up to 3.5% standard fee bankbazaar.com+9indusind.com+9livemint.com+9
Bank of India: Waives fee on specific loans during ongoing promotions moneycontrol.com+2livemint.com+2paisabazaar.com+2
Union Bank often waives its standard 0.5% during campaigns

✅ What You Should Do

Check bank websites for current zero-fee offers.
Apply digitally—most zero-fee deals are tied to online applications.
Read terms carefully—some offers exclude pre-approved customers or have minimum loan amounts.
Act quickly—these are limited-time deals and can change overnight.

✅ Bottom Line

Choosing a zero processing fee personal loan can save you ₹10,000–12,500 upfront. Be sure to compare with other loan charges—like interest rates and foreclosure fees—but waiving the processing fee is a smart starting point that reduces overall borrowing costs.

Author Profile

Kuldeep Singh Chundawat: My name is Kuldeep Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.