State Bank of India (SBI) Personal Loan
SBI is one of the biggest lenders in the country and offers a range of personal loan schemes to help you out
In our day-to-day life, even on special occasions and situation of emergency we require a good amount of funds to meet our financial needs and liabilities. We generally spend money on vacation, education, property, vehicles, marriage, medical emergency as well. There are situations when we have to arrange hefty amount within shorter duration. To meet the financial needs in such situations, personal loans play a vital role.
State Bank of India, one of the biggest lenders in the country, offers a range of personal loan schemes to help you out in times of distress. State Bank of India offers personal loan under four categories – SBI Pension Loan, SBI Xpress Credit Personal Loan, SBI Saral Personal Loan and SBI Festive Season Loan.
SBI Personal loan details
Interest rates | 11.95%-16.55% |
Processing fees | upto 3% of the loan amount |
Prepayment charges | NIL |
Repayment charges | Upto 4 years |
Maximum loan amount | upto 19 lakh |
Loan approval time | Upto 10 minutes |
SBI Personal loan intersrt rates
Xpress Credit Personal Loan | 11.95%-14.55% |
SBI Pension Loan | 12.45% |
Clean Overdraft | 16.55% |
Bhagya ekha Loan | 11.05% |
Jai Jawan Pension Loan | 12.45% |
Xpress Credit Cards to IT employees | 12.90%-14.90% |
OD or E-Commerce purchase | 13.60% |
Salaried Class
Eligibility | Loan Amount | Documents Required |
Resident of India | Minimum - Rs 24,000 in metro and urban centres and Rs 10,000 in rural/semi-urban centres Maximum: 12 times net monthly imcome (salaried and pensioners) |
Passport size photograph Identity proof Office address proof (self-employed and professionals). The documents can be shop/establishment certificate, lease deed or telephone bill Latest salary slip and Form 16 (salaried persons) |
• Maximum loan repayment tenure is 48 months (4 years) • Processing fee is 2% - 3% of loan amount. • No prepayment charges •You can increase your loan eligibility by making your spouse a co-borrower.
Personal Loan EMI Calculator
Loan Amount | ROI | Tenure | Monthly EMI | Total Interest Amount | Total Amount with Interest |
20,00,000 | 12.45% | 3 | 6686 | Rs40693 | Rs240693 |
20,00,000 | 14.945% | 4 | 5561 | Rs66932 | Rs266932 |
20,00,000 | 16.55% | 4 | 5725 | Rs74778 | Rs274778 |
Minimum EMI per lakh Rs. 2,630 - Rs. 2,781 for 4 years.
Interest Rates - 11.95% - 14.55% p.a
SBI Xpress Credit Personal Loan Eligibility
SBI provides Xpress Credit personal loan to the employees of undernoted entities maintaining salary account with zero margin:
Minimum Loan amount available under Xpress Credit Personal Loan
SBI offers loan upto 24 times of net monthly income for salaried class individuals and pensioners. The maximum limit for personal loan is Rs.15 lakh.
Security - NIL
Processing Fees - SBI charges 1% of loan amount + applicable taxes
Part payment charges - 6 months to 60 months (or residual service period whichever is lesser)
Minimum EMI per lakh Rs. 2,656 - Rs. 2,781 for 4 years.
Interest Rates - 12.45% - 14.95% p.a
Minimum EMI per lakh - Rs. 2,655 for 4 years
Interest Rates on SBI Pension Loan - 12.45% p.a.
Features & Benefits of SBI Pension Loan:
Loan Amount For Central & State Government Pensioners:
Loan Amount For Defence Pensioners:
Loan Amount For Family Pensioners:
Processing Fees:
Repayment Period:
For Central & State Government Pensioners -
Minimum EMI per lakh - Rs. 2,656 - Rs. 2,781 for 4 years
Interest Rates on SBI Pension Loan - 12.95% p.a.
Saral personal loan is available for any legitimate purpose to those working in corporate sector, self-employed, engineers, doctors, architects, chartered accountants, MBA with two years of employment.
SBI Saral Personal Loan Eligibility You are eligible for SBI Saral Personal Loan if you are:
Minimum Loan Amount For SBI Saral Pension Loan
SBI offers loan upto 12 times of net monthly income for salaried class individuals and pensioners. The maximum limit for personal loan is Rs.10 lakh.
Security – NIL
Processing Fees – SBI charges 2% - 3% of loan amount + applicable service tax
Repayment Period – 48 EMIs
Minimum EMI per lakh – Rs. 5,838/- for 4
Interest Rates on SBI Saral Personal Loan - 17.65%
About State Bank of India
SBI is the largest lender in the country and has its headquarters in Mumbai, Maharashtra. The majority is owned by the Government of India. Consolidated report says that SBI had a total income of Rs 2,57,289.51 crore as on March 31, 2015. SBI has total assets of over Rs 25,29,394 crore.
There are as many as 16,995 branches of SBI in India, including 190 in other countries. State Bank has an agreement with GE for its credit card services. It is the only bank in the country to figure in the Forbes list of 500. SBI holds a major market share in the fields of personal loan (20%), home loan (25.5%) and car loan (26%).
Riding high on its extensive reach, SBI is the most searched and preferred bank in India and is accessible from almost every part of the country
State Bank Of IEndia Branches list for personal loans in India
SBI Branches in Delhi
SBI Branches in Mumbai
SBI Personal Loan Branches in Bangalore
SBI Personal Loan Branches in Chennai
SBI Personal Loan Branches in Coimbatore
SBI Personal Loan Branches in Hyderabad
SBI Personal Loan Branches in Ahmedabad
SBI Personal Loan Branches in Jaipur
SBI Personal Loan Branches in Kolkata
SBI Personal Loan Branches in Nashik
State Bank Of India Head Office
State Bank of India,
State Bank Bhawna, 8th Floor,
Madame Cama Road,
Mumbai-400021
Telephone No. 22029456 or 22029451
Fax no. 22885369