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SBI XPRESS BANDHAN

ABOUT SBI XPRESS BANDHAN :

SBI xpress bandhan is a part of  personal loan scheme offered by State Bank of India. This is an unsecured personal loan to salaried employees not maintaining a salary account with SBI..You can avail SBI Xpress Bandhan Personal Loan for tenure up to 60 months at an affordable rate of interest. Additionally, the State Bank of India does not charge any hidden charges when applying for a personal loan under this scheme.

BENEFITS OF SBI XPRESS BANDHAN :

1. No hidden costs :

There are no charges required to apply for a SBI Bank personal loan.

2. Flexible tenure :

SBI Xpress Bandhan personal loan offers the best and flexible loan tenure of 1 years to 5 years. The SBI Xpress Bandhan  personal loans are taken to meet their sudden needs of the customers.

3. Affordable interest rate :

The minimum interest rate of SBI Xpress Bandhan personal loans is 12.15% and the maximum interest rate is 15.15%. Basically the rate of interest will be decided by the bank according to the customer age, employment type, overall profile and the most probably Cibil score. 

4. Less documentation :

SBI Xpress Bandhan required less documentation for the processing of personal loans.The documents submitted by the customers are KYC, address proof and income proof with the loan application form. It is not required to submit so many documents for a personal loan. The process of documentation is very simple and fast.


ELIGIBILITY CRITERIA FOR SBI XPRESS BANDHAN :

It’s very important that you come under eligibility criteria of SBI Xpress Bandhan loan. We mention some points check whether you are eligible or not:

  • 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 minimum monthly income should be Rs. 50,000

  • Your EMI ratio should be up to 50%.

 

FEE AND CHARGES OF SBI XPRESS BANDHAN :

TYPE 

CHARGES

Processing fees

1% of loan amount plus GST

Charges 

No charges apply


DOCUMENTS REQUIRED FOR SBI XPRESS BANDHAN :

TYPE

DOCUMENTS

Identity proof

Aadhar card, pan card, driving license, passport etc.

Address proof

Aadhar card, voter id, rental agreement, registry and utility bills

Income proof

Bank Account Statement, Salary Slips, ITR, Form 16

 

COMPARE OTHER BANK PERSONAL LOAN INTEREST RATE :

BANKS

INTEREST RATES

AXIS Bank Personal Loan

12% to 24%

SBI Personal Loan

11.30% to 16.40%

SBI Xpress Bandhan

12.15% to 15.15%

SBI Xpress Credit Personal Loan

11.50% to 12%

HDFC Bank Personal loan

10.75% to 21.50%

Kotak Mahindra Bank Personal Loan

10.50% to 16.99%

Yes Bank Personal Loan

20.00% to 22.00%

Citi Bank Personal Loan

10.50% to 17.99%

ICICI Bank Personal Loan

10.99% to 16.25%

Standard Chartered Bank Personal Loan

11.00% to 19.20%

IDBI Bank Personal Loan

12.00% to 14.00%

RBL Bank Personal Loan

14.00% to 23.00%

HSBC Bank Personal Loan

10.75% to 17.84%

IndusInd Bank Personal Loan

11.00% to 16.75%

Bank of Baroda Personal Loan

7.65% to 12.65%

Bank of India Personal Loan

12.15% to 14.15%

Canara Bank Personal Loan

12.05% onwards


OTHER PRODUCTS OF SBI XPRESS BANDHAN :

1. SBI Bank Personal Loan 

2. SBI Bank Business Loan 

3. SBI Bank Holiday Loan 

4. SBI Bank Car Loan 

5. SBI Bank Commercial Vehicle Loan 

 

HOW TO APPLY FOR SBI XPRESS BANDHAN :

By 2 Ways you can apply for SBI Xpress Bandhan i.e.

1. OFFLINE METHOD : By visiting to the bank 

2. ONLINE METHOD :

  • Go to SBI bank official portal

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

  • In loan section click on “ personal Loan”

  • After that go to “SBI Xpress Bandhan”

  • Fill the application form 

  • Attached all required documents with application form

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

 

FREQUENTLY ASKED QUESTIONS :

1. What is the maximum tenure of personal loan in SBI Xpesss Bandhan ?

The maximum tenure of personal loan in SBI Xpesss Bandhan is 5 years.

2. How can I get an SBI Xpesss Bandhan personal loan ?

You can get a personal loan from SBI Xpesss Bandhan by online or offline method.

3. What is the loan amount of SBI Xpesss Bandhan ?

The minimum loan amount is Rs. 25000 and maximum is Rs 15 lakh of SBI Xpesss Bandhan.

4. What were the processing fees charged by SBI Xpesss Bandhan ?

SBI Xpesss Bandhan charges processing fees is 1% of the loan amount plus GST.

5.How much interest rate is charged by SBI Xpress Bandhan ?

The interest rate is charges by SBI Xpress Bandhan is 12.15% to 15.15%.

Last Updated on : 07/Sep/2020

Know More About

Sbi Xpress Bandhan

You're eligible for a Sbi Xpress Bandhan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Personal Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Sbi Xpress Bandhan Interest Rates

Updated on 25 Nov 2017

Sbi Xpress Bandhan Details
Interest Rate (Monthly reducing balance) 12.15% - 15.15%
Processing Fees 1% of the Loan amount + Applicable tax
Loan Tenure 1 year to 5 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Personal Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959