SBI Personal Loan Interest Rate for Salary Account

SBI Personal Loan Interest Rate

Interest Rate by SBI Life on Personal Loan

The state bank of India is the reputed organization. Most of the customers can believe their services because it’s a government bank and they provide facilities according to your convenience.

This bank can give the services to all from self-employed, pensioner, and SBI personal loan interest rate for salary account holder.

Whosoever are maintaining the salary account with the bank would be glad to know that it is easy for them to get the attractive interest rates. As well as, should maintain the credit score and usage of the card. So that, your previous report can help you out to get effective interest rate for all the salary package account holders. If we talk about SBI personal loan interest rate, they give the lowest rate which can repay without any hassle.

To carry this salary account need to know a few basic things. Your interest rate, tenure, processing fees and more. Let’s find out the below points.

Read Also: Retire Smart Pension Plan from SBI Life

The Xpress credit personal loan is one such type of loan which can get whenever you have the desire. It would be anything like an urgent fund required for the medical emergency, sudden vacation and more. In short, this loan can fulfill your immediate desires. They ask for minimal documentation, no hidden and pre-payment charges are required, and the processing charges are very low.

Interest rate starts at 11.25% to 15.15% per annum. The loan amount is minimum Rs 24,000 and repayment period of five years. Processing fees 1% of the loan and prepayment charges NIL-3% of the principal outstanding.

SBI Xpress Credit Personal Loan Eligibility Criteria

If an individual wants to take Xpress credit personal loan from this bank, must meet the below eligibility criteria.

  • At least must have a Rs 5,000 per month net monthly income
  • The applicants equated monthly installments or net monthly income ratio must not exceed 50

SBI Personal Loan Application Download Procedure

You are interested in availing the SBI personal loan your first step to download the site. Fill the application form with the all details such as personal or professional. According to the requirements upload KYC with a recent passport size photograph and share registered email ID or mobile number.

The online application process is the smooth and easy ways otherwise need to stand in the long queue after that get chance to grab the offers. Do you want to track the application system? For that, need to download or install the site. After installation, enter the application number or reference number with registered email ID. You get to know the exact application place within a second on your screen.

Read Also: SBI Life Smart Money Back Gold Plan

Why we need a personal loan? To fulfill the personal desires which cannot happen for a financial reason. That’s why the bank can provide this service. The purpose of a personal loan would be anything study, family trip, holiday, wedding, the medical emergency or more. Now with the SBI personal loan doesn’t wait for the fund, should apply online and get the privileges.

About Sashi 55 Articles
Sashi Singh is content contributor and editor at IP. She has an amazing experience in content marketing from last many years. Read her contribution and leave comment.

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