Agents Login    About Us   Blogs   Loans in India   Media Coverage   Contact Us   Insurance Deals
Home > Compare Personal loan Banks > Apply Personal Loan

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 personal 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.

Enjoy the SBI Advantage:

• Low Personal Loan Interest Rates, Further charge interest on a daily reducing balance.
• Minimum processing charges; only 1%-2% of 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.

Get Instant Quotes on Interest Rates & Eligibility on Personal Loans by Top 10 Banks

Professional Details
Loan Amount:
Occupation:
Annual Income:
City:

Current interest rates on State Bank of India/SBI (SBI Saral) Personal loans - October, 2014

CAT A CAT B Others Pre Payment
Charges
Processing
Fees
18.50% 18.50% 18.50% N.A N.A
 
Salaried (At present, only salaried individuals are covered under the scheme).
Eligibility Criteria
Loan Amount Documents Required
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.

Interest Rates
Personal Loans Scheme (SBI Saral) 16.75% p.a.
SBI Loan to Pensioners 12.25% p.a.
Loans to Employee to Subscribe to ESOPs 14.00% p.a.
State bank of India also provides beneficial services in Home Loan, Car Loan, Credit Card, Educational loans, festival loan and Loan Against Property.

Other Products from SBI
SBI Home Loan
SBI Home Finance
SBI Personal Loan
SBI Card
+91
Credit Card
Yes   No
State Bank of India-
Head Office:

State Bank of India,
State Bank Bhawna, 8th Floor,
Madame Cama Road,
Mumbai-400021
Telephone No. 22029456 or 22029451, Fax no. 22885369.


 
ICICI Personal Loan
    Home    Product Articles     Help Articles      Advertise With Us      Site Map      Terms of Use    Testimonials    Newsletter    Privacy Policy
Disclaimer: Information is sourced from respective Banks websites. We don't provide Loans on our own but ensures your information is sent to bank/agent which you have opted for. We don't do short term loans. Deal4loans has no sales team on its own and we just help you to compare loans .All loans are on discretion of the associated Banks/Agents. Read More
DMCA.com
© Copyright 2014, Deal4loans, India