Sbi Persoal Loan

SBI offers various types of personal loans like Xpress Credit Loan, SBI Pension Loan and
Xpress Power. The range of personal loan products offered by SBI is for different needs of the
consumer that may include business expansion, debt consolidation, a foreign trip, marriage,
home renovation, emergency medical expenses or others. Offering a personal loan of upto Rs. 20
lakh, SBI is quick with loan processing and disbursal.
Table of Contents
 Features & Benefits
 Interest Rates
Types of SBI Personal Loan
 SBI Xpress Credit Personal Loan

 SBI Personal Loan for Pensioners
 SBI Xpress Power Personal Loan
 Documents Required
 EMI Calculator
 SBI Personal Loan Vs Others
 How to Apply?
 Customer Care
SBI Personal Loan - Features and Benefits
 Loan amount: SBI offers a loan amount as high as Rs. 20 lakh when it comes to a
personal loan.
 Loan schemes: SBI offers specific loan schemes for every borrower, which suits
their personal needs.
 Flexible tenure: If you opt for SBI personal loan, you can repay it within the flexible
tenure ranging from 6 months to 6 years.
 Easy application: SBI Personal loan can be applied online without any hassle. The
process involves minimum documentation and fewer formalities.
 No hidden charges: SBI clearly indicates all the applicable charges and terms and
conditions offered by the bank upfront while availing a personal loan.
SBI Personal Loan Interest Rate & Other Charges
Interest Rate 11% onwards

Processing Fee 0.50% to 1% of the Loan Amount + applicable Tax.
Prepayment of 3% on prepaid amount
charges
@2% p. m would be charged over and above the applicable interest rate on
Penal interest
overdue amount for the period of default.
Prepayment
3% on prepaid amount.
charges
SBI Xpress Credit Personal Loan
This loan is available instantly for those with urgent cash requirements like for a medical
emergency, vacation, wedding etc. SBI Xpress Credit Personal Loan can be availed for
amount upto Rs. 20 lakh.
SBI Xpress Credit Personal Loan – Eligibility Criteria
 You should have a salary account with SBI

 Your minimum monthly salary should be Rs. 15,000
 You should be an employee of Central/ state/ quasi government, Central PSUS and
profit making state PSUS, Educational institutions of national repute, Selected
corporates with or without relationship with the bank
SBI Personal Loan for Pensioners
State Bank of India offers personal loan of upto Rs. 14 lakh to pensioners who are drawing
their pensions from the central or the state government. The applicant applying for Loans to
Pensioners has to pay a nominal processing fee. Central and State Government Pensioners
should not be more than 76 years of age.
SBI Personal Loan for Pensioners – Eligibility Criteria
 For Central & State Government Pensioners:
1. The pensioner’s age should be below 76 years

2. Their pension payment order should be maintained by SBI and should continue to be
maintained by SBI during the loan tenure
3. They should submit a consent in writing given by the Treasury stating that it will not
accept any request from the pensioner to transfer their pension payment to any other
bank till a NOC is issued
 For Defence Pensioners:

1. The pensioner should be from Armed Forces including Navy, Army and Air Force,
Coast Guards, Paramilitary Forces (CRPF, CISF, BSF, ITBP, etc.), Rashtriya Rifles
and Assam Rifles
2. Their pension payment order should be maintained with SBI
3. Their maximum age at the rime of loan processing should be less than 76 years.
 For Family Pensioners:
1. Family pensioners consist of authorized members of the family to receive pension

after the death of the pensioner.
2. The maximum age of family pensioner should be 76 years.
 For Central and State Government Pensioners:
Age at the time of Max Loan Amt (18 Repayment Age at the time of full
Loan sanction months Pension or Rs.) Period Repayment
Below 72 14.00 lakh 60 months Up to 77 years
72 – 74 years 12.00 lakh 48 months Up to 78 years
74 – 76 years 7.50 lakh 24 months Up to 78 years
 For Defence Pensioners:
Below 56 years 14 lakhs 84 months 63 years
56 – 72 years 14 lakhs 60 months 77 years
72 – 74 years 12.00 lakh 48 months 78 years
 For Family Pensioners (including Defence Pensioners):
Below 72 5.00 lakh 60 months 77 years
SBI Xpress Power Personal Loan

SBI Xpress Power personal loan is for those who are not having a salary account with SBI.
The loan offers instant funds so that an individual can deal with any situation without any
inconvenience.
SBI Xpress Power Personal Loan – Eligibility Criteria
 You should be a salaried individual with no salaried account with SBI

 Your minimum gross monthly income should be Rs. 50,000.
 You should be an employee working with Central/ State Governments/ Defence
Establishments, Quasi Government Bodies, PSUs, Educational Institutions of
National repute, Select Rated Corporates.
SBI Personal Loan- Documents Required
The documents to avail SBI personal loan may vary depending upon the personal loan
category you opt for. However, the list of basic documents is as follows:
 Identity proof:Passport, Pan Card, Voter Identity Card, Driving License, Aadhaar
Card
 Address proof:Ration Card, Bank Account Statement, Passport, Driving License,
Electricity Bill, Telephone Bill, Sale Deed/Property purchase agreement(for owned
properties), Aadhaar Card
 Income proof:Bank Account Statement, Salary Slips
SBI Personal Loan - EMI Calculator
Though you can always calculate your EMI manually, it is much easier to use a personal
loan EMI calculator in order to estimate your monthly EMI payouts and plan your future
expenses accordingly.
 Go to the Personal Loan EMI calculator

 Use the sliders or input the key data such as the loan principal amount, the
applicable interest rate and the required loan tenure.
 Get instant results
Compare SBI Personal Loan Vs Other Lenders

HDFC ICICI Bajaj
Particulars SBI Axis Bank Citi Bank
Bank Bank Finserv
Starting
Interest Starting 15.75% to 11.25% to 11.50% to Starting from
from
Rate from 11% 24% 21.50% 19.25% 12.99%
10.99%
6 to 71 12 to 60 12 to 60 12 to 60 12 to 60 12 to 60
Tenure
months months months months months months
Rs. 50,000
Loan Upto Rs. 20 Upto Rs. 40 Upto Rs. 30 Upto Rs. 20 Upto Rs. 25
to Rs. 15
amount lakh lakh lakh lakh lakh
lakh
Upto 2% of Upto 2% of Upto 2.50% Upto 3% of Upto 2.25% Up to 3.99%
Processing loan loan of the loan the loan of loan of the loan
Fee amount amount amount plus amount plus amount plus amount plus
plus GST plus GST GST GST GST GST
How to Apply for SBI Personal Loan at Paisabazaar?

SBI Personal Loan - Customer Care
 You can call the bank at toll- free numbers 1800-425-3800 or 1800-11-2211
 You can send an email to
 contactcentre@sbi.co.in
 You can visit the nearest branch

Sbi Persoal Loan

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SBI offers various types of personal loans like Xpress Credit Loan, SBI Pension Loan and

Types of SBI Personal Loan

 SBI Xpress Credit Personal Loan

SBI Personal Loan - Features and Benefits

SBI Personal Loan Interest Rate & Other Charges

Interest Rate 11% onwards

SBI Xpress Credit Personal Loan

SBI Xpress Credit Personal Loan – Eligibility Criteria

 You should have a salary account with SBI

SBI Personal Loan for Pensioners

SBI Personal Loan for Pensioners – Eligibility Criteria

 For Central & State Government Pensioners:

1. The pensioner’s age should be below 76 years

 For Defence Pensioners:

 For Family Pensioners:

1. Family pensioners consist of authorized members of the family to receive pension

 For Central and State Government Pensioners:

 For Defence Pensioners:

 For Family Pensioners (including Defence Pensioners):

SBI Xpress Power Personal Loan

SBI Xpress Power Personal Loan – Eligibility Criteria

 You should be a salaried individual with no salaried account with SBI

SBI Personal Loan- Documents Required

SBI Personal Loan - EMI Calculator

 Go to the Personal Loan EMI calculator

Compare SBI Personal Loan Vs Other Lenders

How to Apply for SBI Personal Loan at Paisabazaar?

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