SBI Personal Loan
If you are looking for finance to go on a dream holiday or for a marriage in the family or higher education or any other urgent personal needs, SBI Saral Personal Loan can be one of those options.
SBI offers personal loan to salaried individuals and self-employed professionals such as chartered accountants, architects and doctors etc. with minimum two years work experience. The loan amount which you can get as SBI personal loan is dependent on your income and repayment capacity.
Do you have sufficient amount of fund for any sudden event or expenses required to be met for some medical emergency? No?
Or do you think that your Child?'s education or marriage budget may exceed which are termed as one of the most special moments in your life but funds are not sufficient in your saving bank account? What should you do to meet this additional requirement of funds?
The most viable option is to go for personal loan for any such requirement for an emergency.
SBI Saral Personal Loan is the solution to fulfill your need and desire whenever there is any shortage in funding.
SBI Personal loan will be granted to individuals who are in need for the immediate amount of fund required for any legal events such as marriage and education of son or daughter, Margin for purchase of assets, Vacation and Medical treatment etc. Loan will not be sanctioned for any speculative activity.
Resident Indian, Salaried Individuals of good corporate, Self-employed, Doctor, Architect, Chartered Accountant, MBA with minimum two years of position. Loan will be approved on the basis of Credit Report.
SBI Personal loan India amount will depend upon your income and repayment capacity. SBI Personal Loan is sanctioned without any collateral security and margin amount. It takes up to 3 days to get the loan amount disburse.
Maximum Loan amount:
Rs. 24,000/- in metro & urban city
Rs. 10,000/- in rural/semi-urban city
12 times of net monthly income for salaried and pensioners up to ceiling of Rs.10 lakhs
For salaried individuals, latest salary slip and Form 16
- For self- employed and professionals, Proof of official address
- Passport size photograph
SBI Personal Loan Interest Rates: 8.50% above Base Rate floating, currently 18.50% p.a. Repayment term: 48 months
Processing fees: 2.02%-3.03% of the loan amount.
Prepayment penalty: NIL
Since personal loans are granted without any tangible security the rate of interest charged is relatively higher and are available selectively. However if you can offer any tangible security like gold jewelry, high surrender value insurance policies you can get loans at cheaper rates.
Apply Today for Personal Loan in India & get lowest interest rate on Personal Loans