State Bank of India (SBI) Personal Loan
To accomplish your financial aspirations or to meet urgent cash needs a personal loan is the best option. Be it marriage ceremony preparations, global holidays or buying jewelry for your spouse, personal loans can help you achieve all these right away. Deal4loans.com helps you find the right loan deals in India. Though State Bank of India Personal Loan rates are competitive in market but are not lowest as per popular belief. Before taking any loan compare Personal Loan Rates of all the leading banks to land up with 100% correct decision.
Do you want funds readily available to you whenever you desire or need, be it a sudden vacation that you plan with your family or urgent funds required for medical treatment? SBI Personal Loan is the answer to your questions.
You are eligible if you are a salaried individual of good quality corporate, self employed engineer, doctor, architect, chartered accountant, MBA with minimum 2 years standing.
SBI is the largest lender in loans. State Bank of India is India's largest bank with a network of over 13969 branches you can get your personal Loan account parked at a branch nearest to your present or proposed residence. State Bank of India offers lowest interest rates on personal loans.
Why to apply for SBI personal loan:
• Low Personal Loan Interest Rates, Further charge interest on a daily reducing balance.
• Processing charges are 2.02%-3.03% of the loan amount.
• No hidden costs or administrative charges.
• No security required which means minimal documentation. This is something that you must have 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 48 months.
Current interest rates on State Bank of India/SBI
(SBI Saral) Personal loans - May, 2015
Salaried (At present, only salaried individuals are covered under the scheme).
|Festive Offer :
||Get gifts upto Rs 13,800 on disbursal.
|Refer to T & C - www.deal4loans.com/personal-loan-offers.php
|Resident Indian National
||2.50 lakhs in Non Metros
5 lakhs in Metros
Upto 10 lakhs where salaried account or current account is with Sbi
It is determined by your repayment capacity.
Minimum Income:Rs.24,000/- in metro and urban centres
Rs.10,000/- in rural/semi-urban centres
Maximum Loan Amount:12 times Net Monthly Income for salaried individuals and pensioners subject to a ceiling of Rs.10 lacs in all centres
|1). Passport size photograph
2). Proof of official address for self employed individuals and professionals. This can include shop and establishment certificate/Lease deed/Telephone Bill
3). Latest Salary clip and Form 16, in the case of salaried persons.
|•Max Tenor :48 months
•Processing fee :1%
•No prepayment charges
Personal loan amount can be increased by making your spouse as co borrower.
State bank of India also provides beneficial services in Home Loan, Car Loan Credit Card, Educational loans, festival loan and Loan Against Property.
|SBI Pension Loan
|Festival Loan Scheme