Personal Loan
A wedding in the family. May be your house needs renovation or your daughter has obtained admission to a medical college. Gift your wife a beautiful gold pendant, pay for your children's higher education or send your parents on a much-needed holiday. We offer various kinds of Personal Loans to fulfill your dreams in India.
Personal loan Banks Offerings > SBI Personal Loan

Personal Loan from State Bank of India (SBI) Bank

Salaried (At present, only salaried individuals are covered under the scheme).
Eligibility Criteria Loan Amount Documents Required
Resident Indian National having capability to repay a loan, except agriculturists. It is determined by your repayment capacity.
Minimum: Rs.24,000/- in metro and urban centres
Rs.10,000/- in rural/semi-urban centres
Maximum: 12 times Net Monthly Income for salaried individuals and pensioners subject to a ceiling of Rs.10 lacs in all centres
Passport size photograph

Latest salary slip and Form 16
Fees & Charges for SBI Bank Personal Loan
Description of Charges Personal Loans
interest rates Interest is charged on a daily reducing balance. 16.00% p.a.
processing charges 1%-2% of loan amount
prepayment penalties 1% of the loan amount will be charged if you repay the loan before 6 months

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.

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