SBI Parsonal Loan Apply Online 2022
Friends, there are some such bad moments in our life where we need every single penny. In these difficult times, hardly anyone can help us. If we need some little money, then someone can help our friend easily, but if we need more money then no one can help us.
There is only one way left in this difficult time and that is to take a loan from any bank. But a dilemma arises in front and that is how and from where to take the loan? The exact answer to your question has been given in this post of mine.
When and from where and how much loan you have to take and how to take it, the answer has been given in this post of mine. The name of the bank that I am going to tell about today is SBI Complete information about this is given in this post in full detail.
What are the features of State Bank of India Personal Loan
Loans up to Rs 20 lakh
low interest rates
interest on daily reducing balance
Minimum processing fee
no hidden costs
provision for second loan
No security, no guarantor
What is State Bank of India Personal Loan Eligibility
Person having salary account with any other bank
Minimum Net Monthly Income: Rs 15,000
Equated Monthly Installment/Net Monthly Income Ratio less than 50%
employees working in these offices
Central and State Public Sector Enterprises
Corporate (Private & Public Limited)
Nationally Renowned Educational Institutions
Age : 21-58 Years
1 year minimum service
Minimum: Rs 24,000
Maximum: Rs.20,00,000/24 times of net monthly income
State Bank of India Personal Loan Terms and Conditions
Processing Fee : 1.50% of the loan amount (minimum Rs.1000 inclusive of GST and maximum Rs.15000)
Penal interest of 2% p.a. at the rate of interest applicable on the overdue amount for the period of default.
3% prepayment fee on the pre-paid amount. No prepayment/foreclosure charges in case the account is closed from the new loan account amounts under the same scheme.
Minimum : 6 MonthsMaximum: 72 months or remaining period of service (whichever is less)
Documents Check List:
Income Tax Return (To be uploaded on CLP)
Bank account details of last 6 months (to be uploaded on CLP)
2 passport size photographs
latest month salary slip
Address and proof of current/permanent address as per Bank’s Know Your Customer guidelines
Authorized Branch: The applicant has to select any State Bank of India branch near his/her current place of posting or residence on CLP.
WARNING: Taking a loan is easy but paying it off can be difficult at times. I request our readers that you should take as much loan as you want so that the loan payment becomes easy.