SBI is the largest bank in India and also one of the most trusted financial institutions in the country. They offer personal loans to customers of all classes and credit rating, including home loan credit car loan etc. They provide personal loans of up to ₹25 lakh at interest rates of 6-9%, which is cheaper than banks.
If you’re looking to avail personal loan from SBI, this blog will tell you everything you need to know about it. We’ll talk about eligibility criteria, interest rates, and other benefits of personal loan from SBI. And yes, we’ll also tell you how much interest you’ll be paying if you opt for SBI loan calculator personal loan repayment calculator calculator calculator calculator calculator calculator calculator
Get Instant Approval for SBI Personal Loan
– Get an instant approval for a SBI Personal loan with low processing fee and interest rate starting at 9.60%.
– Paperless and without intervention, personal loan from state bank of india can be availed almost instantly with just a few more details required.
– No guarantors are required for personal loan from sbi, however based on credit profile sbi may ask for a guarantor.
– Get personal loan rates as low as 9.6% with interest rates of 10.9% and 11.9% for term personal loan of three years, five years, and ten years respectively.
– Get personal loan interest rate of 9.9% with processing fee of Rs 400 on loan amount of Rs 25 lakhs to 12 lakhs of sbi personal loan interest rate of 9.8% with processing fee of Rs 800 on loan amount of Rs 25 lakhs to 12 lakhs of sbi personal loan interest rate of 8.9% with processing fee of Rs1,000 on loan amount of Rs 12 lakhs to 24 lakhs. Get instant cash advance rate of 12.9% with interest rate of 13% per annum for term personal loan up to three years from fibe bank personal loan rates as low as 9.9% with interest rates of 10% per annum for term personal loan up to three years from fibe bank personal loan rates as low as 10% per annum for term personal loan up to three years from fibe bank personal loan rates as low as 10% per annum for term personal loan up to three years from fibe bank personal loans offers you interest rate starting from 11% per annum interest rate of 15.9% per annum interest
Benefits of Applying for SBI Personal Loan
If you want to apply for a personal loan from State Bank of India, here are some of the reasons why you should go for it.
– No guarantors are required
– Get attractive rates of interest on loans for salaried employees
– Get instant cash loan, paperless, without intervention, and superfast disbursal
– Save your time and efforts by applying online or offline
– Get a loan amount depending on the company you work for, your take-home salary, and city of residence
To know more about this loan option, visit sbi overdraft loan rates today.
Compare Interest Rates of Different Banks
– SBI Bank offers personal loan for salaried employees at rates of interest of 10.55% to 11.20%. Customers can choose between personal loan tenure of 12-60 months with instant approval and home loan tenure of 5-20 years with flexible repayment terms.
– Factors that can affect interest rate of loan include applicant’s company, salary, and city of residence.
– Customers can get a loan amount of up to Rs 20 lakh with interest rate of 10% to 12% per annum depending on their eligibility criteria.
– Customers can compare interest rates of different banks for personal loan to find the best interest rate for their loan.
– Different banks may offer different loan amounts and interest rates, so it is important to compare rates of different lenders.
Eligibility Criteria for SBI Personal Loan
-Salaried employees are eligible to apply for an SBI personal loan.
-No guarantors are required for SBI personal loan.
-Interest rates start at 9.60% for SBI personal loan.
-The eligibility criteria of an SBI personal loan is based on the category of salary received, type of job and location of residence.
-The application process of SBI personal loan is easy and can be done online or offline.
-You can check the eligibility criteria of a personal loan from the bank website or contact them for more details.
Can I get an SBI personal loan without a job?
Yes, you can get an SBI personal loan without a job. In fact, this is the most common type of loan that bank employees take out. You don’t need to have a guarantor or any other of the eligibility requirements that are typically required for personal loans.
Personal loan eligibility criteria also doesn’t vary based on your credit score or place of residence. The interest rates and loan amount you can qualify for may also vary based on company or credit profile, but this information is not disclosed to applicants until after they’ve been approved for the loan.
What are the eligibility requirements for an SBI personal loan?
To avail a personal loan from State Bank of India, borrowers must meet certain eligibility requirements. These requirements include having a valid ID proof, a good credit score, and a monthly salary of at least Rs. 15,000. No guarantors are required for personal loans with SBI, but a guarantor may be requested based on credit score and repayment tenure preference. Salaried employees may be eligible for interest rates of interest and loan amounts up to pre-approved limits. Tenures for loan repayment can range from 12 to 60 months.
How much can I borrow with an SBI personal loan?
The amount of money you can borrow from SBI for a personal loan depends on a number of factors, including your credit score and repayment tenure. You can borrow up to Rs 10 lakhs with an interest rate of 12%. Processing fees are charged at 1.50% of the loan amount. The amortization period of the loan is usually around 25 years, but it can vary depending on the loan amount and repayment tenure.
You can prepay your loan after the disbursal date, with no prepayment penalty, though a 2.5% + GST charge will apply if you exceed 25% of the principal due. So, make sure to calculate all the costs associated with personal loans before getting approved.
Get personal loan eligibility and application form from SBI bank. You can also fill out an online loan application for processing personal loan eligibility. Fill the application form accurately, submit required documents, and get approved for an instant personal loan today! If you have any queries regarding personal loan eligibility, call us or email us and we will help you out.
