SBI Festival Loan 2021 – Interest Rates, Repayment, Documents
SBI Festive loan Scheme Offers 2020 – SBI’s Festival Loans will have no prepayment charges. Maximum Loan amount of upto 50000.
| Min. Loan amount | Rs.5000 |
| Max. Loan amount | Rs.50000 |
| Prepayment charges | Nil |
| Max. Loan Eligibility | 4 times of Net monthly Income |
| Processing Fees | Rs. 100 |
| Repayment Time | 1 Year |
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Documents needed for SBI Festival Loan:
- Latest Salary Slip
- Form 16, in the case of salaried persons
- In case of self employed individuals and professionals, IT returns for the last 2 years
- Passport size photograph
- Proof of residence.
Security
- No primary or collateral security is required if check-off facility is available from your employers
- Personal guarantee of the spouse or any other person of adequate worth will be required.