SBI Xpress Flexi Personal Loan available for all Salaried customers having Monthly salary of ₹50000/- & above. Whether it’s a wedding or a vacation, unplanned emergency or planned purchase, get an Overdraft facility under SBI Xpress Flexi Personal Loan and withdraw as & when you need.
Festive Dhamaka: Zero Processing Fee till 31st January 2024. Avail now!
SBI Xpress Flexi Personal Loan Interest Rates 2023
XPRESS FLEXI SCHEME (Overdraft Facility
- 0.25% higher than I. Xpress Credit scheme for Diamond Salary Package customers and II. Xpress Elite scheme for Platinum Salary Package customers (11.30% – 12.85%)
XPRESS LITE SCHEME
- 1% higher than I. Xpress Credit scheme for all brackets (11.30% – 14.30%)
Features of SBI Xpress Flexi Personal Loan
- Overdraft facility up to ₹25 lakhs, with reducing Drawing Power
- Minimum Repayment period – 6 Months
- Maximum Repayment period – 6 Year or 72 Months.
- Facility to deposit surplus funds in the loan account to reduce interest burden
- Auto liquidation at the end of loan tenure
- Low personal loan interest rates
- Low processing charges
- Minimal documentation
- No annual maintenance charges
- No hidden costs
- No security, no guarantor
- No pre-payment penalty
Eligibility Criteria for SBI Xpress Flexi Personal Loan
- Individuals having Diamond & Platinum category Salary Package Account with SBI
- Minimum Net Monthly Salary: ₹50,000/-
- Employees working with
- Central/ State/ Quasi Governments,
- Defense/ Central Armed Police/ Indian Coast Guard,
- Central & State PSUs
- Corporates (Private & Public Ltd.)
- Loan Amount:
- Minimum: Rs. 1,00,000
- Maximum: Rs. 25,00,000, subject to 24 times NMI & EMI/NMI Ratio upto 65%
Processing fee: Up to 1.50% of the Loan Amount (subject to minimum ₹1000/- & maximum ₹15000/-), plus GST (Processing Fee waived up to 31.01.2023 as a special offer).