SBI Personal Loan 

Personal loan is a kind of helping hand which helps you overcome financial issues. In the financial market there are many lenders who can provide personal loans. Most people get confused about where they can get a personal loan without any headache. For that SBI bank is one of the most trusted banks for personal facilities. Even after retirement you don’t have to worry about planning for your children's marriage, plan a trip, medical expenses, etc. you can do all such things with SBI personal loan feature. 

SBI Bank Personal loan Features

• SBI provide a loan amount as high as Rs. 20 lakh to fulfill various personal needs with a single loan

• SBI offers particular loan schemes to various categories of borrowers such as pensioners, salaried and self-employed

• flexible tenure ranging from 6 months to 6 years

• personal loan process involves minimum documentation and quick processing

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SBI Personal Loan types

SBI Xpress Credit Personal Loan

• SBI salary account is mandatory

• Loan amount ranging from Rs. 25,000 to Rs. 20 lakh

• Loan tenure ranging from 6 months to 60 months

SBI Xpress Bandhan personal loan

• This personal loan is for those who are not having a salary account with SBI. The following are some of the key features of this personal loan:

• Specifically focus on salaried employees of Defence Establishments/ Central Govt/State Governments/ Quasi Govt. and a few other top-rated companies

• Min. Gross Monthly Income required to get this loan is Rs. 50,000

• Max. EMI to Net Monthly Income ratio of up to 52%

Eligibility Criteria for SBI bank personal loan

Before applying for SBI Personal loan must check whether you are eligible or not. Here listed down key features for eligibility criteria.

salary account with SBI is necessary. SBI Xpress Credit Personal Loan

• You should be an employee of the state govt. PSUs institutions of national repute/selected corporates or central/state/quasi government organization/central /educational with or without relationship with the bank

• Your min. monthly income at least  Rs. 15,000

• Your EMI ratio should be below than 50%

SBI Xpress Bandhan

• salary account with SBI not mandatory

• You should be an employee of the state govt. PSUs institutions of national repute/selected corporates or central/state/quasi government organization/central /educational

• Your min monthly income should be Rs. 50,000

• Your EMI ratio should be up to 50%

Documents required for SBI Personal loan

Without these crucial documents loan can’t be sanctioned. Here below list of the entire mandatory documents:

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How to apply for SBI Personal Loan

By multiple ways you can apply for personal loan i.e. by visiting the bank or through bank online portal

SBI Personal Loan online Apply process

• Go to SBI bank official portal

• At home page go to “personal”  and click on “Loan” 

• In loan section click on “ personal Loan”

• Choose the personal loan that’s best suited to your demand

• Fill the application form

• Attached all required documents with an application form

• After submitting your application form you will get a notification through bank about loan status

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