Home » Compare Personal loan Banks »  Apply Personal Loan

State Bank of India (SBI) Personal Loan

Whatever the occasion- expenses for domestic or foreign travel, medical treatment of self or a family member, meeting any financial liability, such as marriage of son/daughter, defraying educational expenses of wards, meeting margins for purchase of assets etc.)- the range of SBI Personal Loans can help.
SBI Offers Personal loans in under 4 Different categories – Saral Personal Loan, Xpress Credit, Pension Loan & Festival Loans or Advantage Loan.

Why to apply Personal loan with SBI:

✓ Special offers, interest rates and charges for SBI account holders
✓ Flexible Interest Rates, Special interest rates for women borrowers
✓ Fastest Loan Approval within 10 Seconds
✓ Easy Documentation Process & 100% Transparency
✓ Maximum Loan upto Rs.15 Lakh
✓ Flexible Repayment options, ranging from 12 to 60 months.
✓ Zero Hidden Charges, Lowest Processing Fee & Convenient Repayment options.
✓ Low Personal Loan Interest Rates ( 13.00% - 18.50% for Salaried & Self employed. Depends on COmpany Profile) Updated as on 29 june 2015.

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

Loan Amount
Employment Status

Latest Updated Interest Rates on SBI Personal loans as 10 June 2015.

• Xpress Credit - 12.85% - 15.35% p.a.
• SBI Pension Loans - 13.35% p.a.
• Jai Jawan Pension Loan - 14.45% p.a.
• SBI Saral Personal Loan - 18.20% p.a.
• Festival Loan Scheme - 16.45% p.a.
• Clean Overdraft - 17.95% p.a.

Festive Offer : Get gifts upto Rs 12,790 on disbursal.
Refer to T & C - www.deal4loans.com/personal-loan-offers.php

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.

State bank of India also provides beneficial services in Home Loan, Car Loan Credit Card, Educational loans, festival loan and Loan Against Property.


bimadeals
+91
Credit Card
Yes   No
Bima

You Can Also Calculate Loan EMI Manually with SBI Personal loan EMI Calculator

Enter the following information in the below EMI calculator:
✓ Principal loan amount you wish to avail (rupees)
✓ Loan term (months or years)
✓ Rate of interest (percentage)

Calculate Loans EMI Online

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Total Interest Amount
Yearly Interest Amount

EMI Calculation Per Lac for SBI Personal Loans as per Loan Tenure Period
Loan Amount Repayment Time Interest Rate EMI Per Month
Rs.1,00,000 1 year 12.85% - 18.20% Rs.8924 - Rs.9177
Rs.1,00,000 2 year 12.85% - 18.20% Rs.4747 - Rs.5002
Rs.1,00,000 3 Year 12.85% - 18.20% Rs.3362 - Rs.3625
Rs.1,00,000 4 Year 12.85% - 18.20% Rs.2675 - Rs.2948
Rs.1,00,000 5 Year 12.85% - 18.20% Rs.2267 - Rs.2550

Now you have to just multiply your loan amount with EMI per Month

Example – You opt 3.5 Lakh Loan amount for 3 Year so your emi calculation will be 3.5 x Rs.3362 = Rs.11767.00

SBI Saral Personal Loan

Readily available loan to you whenever you need. Eligibility, loan amount, security, prepayment charges, interest rates all information are below:

Eligibility required for SBI Saral Personal Loan:
You are eligible if you are a Salaried individual of good quality corporate, self employedengineer, doctor, architect, chartered accountant, MBA with minimum 2 years standing.

Minimum Loan amount available under Saral Personal Loan:
Rs.24,000/- in metro and urban centres
Rs.10,000/- in rural/semi-urban centres
12 times Net Monthly Income for salaried individuals and pensioners subject to a ceiling of Rs.10 lacs in all centres

Security - NIL

Processing Fees - 20.2% - 3.03% of the loan amount

Partpayment charges - NIL

Interest Rates on Saral Personal Loan - 18.20% p.a

Minimum EMI per Lac - Rs.2550 @ 18.20% for 5 Years.

SBI Pension Loans or Loan to Pensioners

If you are drawing your pension from State Govt or Central Govt & Pension comes in SBI Branch and your Age is below 75 Years than you can get a loan from SBI under Pension loan schemes.

Features & Benefits:
Minimum Processing Fees, No Hidden charges, No Pre Payment Charges
Age Must be below 76 Years.
Family pensioner, i.e. spouse authorized to receive pension after the death of the pensioner, subject to condition that family pensioner should not be more than 76 years of age.
Maximum 50% Amount of Pension is considered for taking a loan.

Loan amount Information - Minimum Loan amount you can get Rs.25000/-
Maximum Loan amount -v 1. Rs.14 Lac for Pensioners who are upto 72 Years of Age
2. Rs.12 Lac for Pensioners who are upto 72 Years and upto 74 Years of Age
3. Rs.7.5 Lac for Pensioners who are upto 74 Years and upto 76 Years of Age

For Family Pensioners: Minimum Rs.25000/ - Maximum Loan amount - 1. Rs.5 Lac for Pensioners who are upto 72 Years of Age
2. Rs.4.5 Lac for Pensioners who are upto 72 Years and upto 74 Years of Age
3. Rs.2.5 Lac for Pensioners who are upto 74 Years and upto 76 Years of Age
(EMI / NMP not to exceed 33% in all the cases for Family Pensioners)

Processing Fees: 0.51% of the Loan Amount (including Service Tax) subject to Minimum of Rs. 250/- (Processing Fee is not applicable for SBI Pensioners)

Interest Rates on Saral Personal Loan - 13.35% p.a

Minimum EMI per Lac - Rs.3386.28 @ 13.35% for 3 Years.

SBI Festive Loan or Festival Loans

As per Name Which clearly show its a loan for festive season it means you can get a loan for any kind of festival related expenses. - Gifts, Sweets etc

Why to Opt Festive Loans - Reasons & benefits:
✓ Low Interest Rate of 16.45% p.a.
✓ Low Processing Fees - 1.10% of loan amount
✓ No Hidden charges, No Security
✓ No Pre Payment Charges
✓ Repayment Period of 1 Year Maximum
✓ Minimum Loan amount under this Scheme is Rs.5000 and maximum Rs.50000/-.

Interest Rates on Festive Personal Loan - 16.45% p.a

Minimum EMI per on Rs.50000 - Rs.4547.2 @ 16.45% for 1 Years.

About SBI
SBI (State Bank of India) is India's largest lender and has its headquarters in Mumbai, Maharashtra, and majority owned by the Government of India. As per consolidated report SBI has total income of Rs. 257289.51 Crore as on on 31- March 2015. SBI has total assets of above Rs.2529394.00 Crore. SBI has more than 16,995 branches in India including 190 in other countries. SBI already have tie up with GE for Credit card. SBI is the only Indian bank which is ranked under 500 list of Forbes. SBI has over 20%, 25.5% & 26% market share in Personal loan, Home Loan & car loan in India. SBI is the most searched bank in India. With a base of 17000+ branches SBI is accessible from most of the places in India.

Other Products of State Bank of India:

SBI Home Loan
SBI Credit Card
SBI Car Loan
SBI Business Loan
SBI Property Loan
SBI Two Wheeler Loan
SBI Education Loan

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.

  • WRS Info India Pvt.Ltd.
    Address: E-32, Ground Floor, Sector - 8,
    Noida, Uttar Pradesh, India - 201301
    Phone: 1800 3000 1500
    Email: contactus@deal4loans.com
  • Facebook linkedin Twitter Google plus

    DMCA.com
    © Copyright 2015, Deal4loans, India
  • 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