XPRESS CREDIT PERSONAL LOAN SBI – Get Details on State Bank of India’s Xpress credit loan ✓ interest rates ✓ documents ✓ Eligibility ✓ Processing fees ✓ Repayment options details online.
SBI Xpress Credit Personal loan Scheme information
|Interest Rates||12.70% – 15.20%|
|Processing Fees||1.01% of the Loan Amount|
|Pre payment Charges||Nil|
|Repayment Period||Min. 6 Month or Max. upto 5 years|
|Cibil Score||Min. 750|
|Lowest EMI||Rs. 2199.26 per lac|
|Min. Income||Rs.7500 p.m|
|Loan Amount||Min: Rs.24,000 to Max. Rs 15.00 lacs|
Advantages of SBI Xpress Credit Personal Loan:
✓ Low interest rates. Further, SBI charge interest on a daily reducing balance!!
✓ Minimum Income Required for Loan is Rs.7500/-
✓ No hidden costs or administrative charges.
✓ No security required – which means minimal documentation…something that you had always wanted.
✓ No prepayment penalties.
✓ Reduce your interest burden and optimally utilize your surplus funds by prepaying the loan (1% of the loan amount will be charged if you repay the loan before 6 months)
✓ Long repayment period of up to 60 months
Provision for 2nd Loan
Second Loan can be taken after 1 year of disbursement of the 1st loan provided the 1st loan has been satisfactorily conducted and is regular at the time of sanction of 2nd Loan. There cannot be more than 2 Xpress Credit Loans standing in the name of a borrower. However this is subject to the overall EMI/NMI ratio of 50%
Other Products of State Bank of India:
You might find these relevant:
- Pimpri Chinchwad Personal Loans Apply – Nov 2015
- How to prevent one from Personal loan frauds
- Bajaj Finserv personal loan | Interest Rates | Apply Online
- Indian Bank Personal Loan | Interest rates | Eligibility | Information
- Personal loans in Ranchi compare with all Banks
- Gurgaon Personal Loan – Apply online
- Personal Loan Shimoga | Interest Rates | EMI | Eligibility | Apply
- Personal Loan Sivakasi | Interest Rates | EMI | Eligibility | Apply
- Personal Loan Surendranagar | Interest Rates | EMI | Eligibility | Apply
- Personal Loan Vijayawada | Interest Rates | EMI | Eligibility | Apply