Showing solidarity with the flood affected people of Tamil Nadu, many banks including State Bank of India, ICICI Bank and HDFC Bank have decided not to impose any penalty on its Chennai customers for delay in EMI payments. Iin a statement, SBI said that the bank has decided to waive off penalty for late payment or no payment of EMI for November and December for Home Loans and Car Loans and personal loans. <br/><br/>Besides, the largest lender has also done away with processing fees for loans the public may seek to take for effecting repairs and recouping damage. It will also offer special soft loans on convenient repayment terms for repair of cars to existing car Loan borrowers up to 10 per cent of the original loan taken and salary advance of three months net salary for customers having salary accounts with the bank.