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.
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.
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%.
|
TYPE |
CHARGES |
|
Processing fees |
1% of loan amount plus GST |
|
Charges |
No charges apply |
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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 |
|
BANKS |
INTEREST RATES |
|
12% to 24% |
|
|
11.30% to 16.40% |
|
|
12.15% to 15.15% |
|
|
11.50% to 12% |
|
|
10.75% to 21.50% |
|
|
10.50% to 16.99% |
|
|
20.00% to 22.00% |
|
|
10.50% to 17.99% |
|
|
10.99% to 16.25% |
|
|
11.00% to 19.20% |
|
|
12.00% to 14.00% |
|
|
14.00% to 23.00% |
|
|
10.75% to 17.84% |
|
|
11.00% to 16.75% |
|
|
7.65% to 12.65% |
|
|
12.15% to 14.15% |
|
|
12.05% onwards |
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
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
The maximum tenure of personal loan in SBI Xpesss Bandhan is 5 years.
You can get a personal loan from SBI Xpesss Bandhan by online or offline method.
The minimum loan amount is Rs. 25000 and maximum is Rs 15 lakh of SBI Xpesss Bandhan.
SBI Xpesss Bandhan charges processing fees is 1% of the loan amount plus GST.
The interest rate is charges by SBI Xpress Bandhan is 12.15% to 15.15%.
Last Updated on : 07/Sep/2020Know More About
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
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 |
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