SBI Personal Loan Interest Rate

State Bank of India (SBI) is a government-owned bank. Bank offers some exciting Personal Loan products in India.

SBI personal loans useful to :
Foreign travel

Health or medical treatment related expenses

Personal financial requirements

Marriage related expenses in the family

Other miscellaneous expenses

SBI Personal Loan Details :
Interest Rate (Floating)
BR + 8.50%
Base Rate - 9.30%

Processing Fees
2.02%-3.03% of the loan amount

Loan Tenure
4 years

SBI Personal Loan Eligibility

SBI Xpress Credit Personal Loan Eligibility
Net Monthly Income must be :
At least Rs. 7,500 per month

The applicants EMI/NMI (Equated Monthly Instalments / Net Monthly Income) ratio must not exceed 50

SBI Saral Personal Loan Eligibility

Following category candidates can apply for this personal loan:

MBA grad with a minimum of 2 years worth of experience

Self employed engineer

Doctor

Chartered Accountant

Architect

Document required:

Signed application form with photograph

Proof of identity: Passport/voter ID card/driving license

Processing fee cheque

Last 3 months bank statement/6 months bank passbook

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Answered By StudyChaCha Member

Will you please tell how much is the Festival Personal Loan Interest Rate at State bank of India (SBI ) I want to know about the same?

State bank of India (SBI ) offers a number of benefits and features for its personal loans.

Features of personal loan of SBI includes :
Low interest rates,
Minimal documentation
Quick approval.
High Quantum of Loan
Specialized Loan Schemes
24/7 Customer Support


SBI Festival Personal Loan Interest Rates

Interest Rate :
Personal Loans Scheme (SBI Saral):
1. 50% above Base Rate floating,
Currently 18.50% per annum.

SBI Loan to Pensioners (all variants):
4.75% above Base Rate,
currently 14.75% p.a.

Processing Fees
2.02%-3.03% of the loan amount

Loan Tenure
4 years

SBI Festival Personal Loan some other detail

Minimum Loan Amount
Rs.24,000/- in metro and urban centers
Rs.10,000/- in rural/semi-urban centers

Maximum Loan Amount
12 times Net Monthly Income for salaried individuals and pensioners .

SBI Festival Personal Loan Eligibility

Government employees

or

Employees working for PSU’s or even private or public institutions.

If the applicant is self-employed then a minimum of 3 years of experience is must.

The applicant must have a net monthly income of Rs.3000 or more

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Answered By StudyChaCha Member

What is the Interest Rate on Saral Personal Loan service offered by State Bank of India (SBI) , I want to know about the same ?

State Bank of India (SBI) is a government-owned bank. This bank offers most exciting Personal Loan service in India.

SBI offers 4 exciting types of Personal Loans:
Xpress Credit Personal Loan,
SBI Saral Loan,
SBI Festival Loans,
Personal Loans to pensioners.

SBI Saral Personal Loan

This loan facility offered by bank to people with the opportunity to have access to money for various things like payments for vacations, medical bills etc..

SBI Saral Personal Loan Interest Rates

Interest rate will be :
8. 50% above Base Rate floating.

Currently 17.80% p.a.

Processing charges :
2.02% to 3.03% of the loan amount.

SBI Saral Personal Loan Eligibility

If a candidate belongs to one of the following categories can apply for this personal loan.

Categories:
Self employed engineer
Doctor
MBA grad with a minimum of 2 years worth of experience
Chartered Accountant
Architect

here i am giving link of Interest rate on personal loan at SBI :
sbi.co.in/portal/web/interest-rates/other-schemes

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Answered By StudyChaCha Member

Can you please tell how much is the Interest Rates on Personal Loans in State Bank of India (SBI) ? please give detail info about this loan .

State Bank of India (SBI) Personal Loans can help an individual to meet financial need in expenses for domestic or foreign travel, medical treatment of self or a family member, meeting any financial liability etc..


State Bank of India Personal Loan Interest Rate:

Xpress Credit
Full Check-off (Category I)
340 - 390 bps above Base Rate i.e., 12.70% - 13.20% p.a. currently

Partial Check-off (Category II)
440 - 490 bps above Base Rate i.e., 13.70% - 14.20% p.a. currently

No Check-off (Category III)
540 - 590 bps above Base Rate i.e., 14.70% - 15.20% p.a. currently

SBI Pension Loans
3.90% above Base Rate, currently 13.20% p.a.

Jai Jawan Pension Loan
4.75% above Base Rate, currently 14.05% p.a.

SBI Saral
8. 50% above Base Rate floating, currently 17.80% p.a.

Festival Loan Scheme
6.75% above Base Rate, currently 16.05% p.a.

Clean Overdraft
8.25% above Base Rate, currently 17.55% p.a.

Features of Personal loan at SBI:

Special offers, interest rates and charges for SBI account holders

Flexible Interest Rates, Special interest rates for women borrowers

Fastest Loan Approval within 10 Seconds

Easy Documentation Process & 100% Transparency

Flexible Repayment options, ranging from 12 to 60 months.

Zero Hidden Charges, Lowest Processing Fee & Convenient Repayment options.

Low Personal Loan Interest Rates .

EMI calculator:
One can use EMI calculator of Bank to Calculate Loan EMI.

Required detail to Enter in EMI calculator:
Principal loan amount you wish to avail (rupees)
Loan term (months or years)
Rate of interest (percentage)

Looks as:



EMI Calculation Per Lac for SBI Personal Loans as per Loan Tenure Period:



For more detail about the SBVBI personal loan here is the attachment.

Attached Files Available for Download

SBI personal loan.zip (25.7 KB, 19 views)

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Answered By StudyChaCha Member

Will you please tell how much is the rate of interest on Saral Personal Loan scheme offered by State Bank of India (SBI) ?

State Bank of India providing personal loans to for both salaried and self employed individual customers. Bank offers personal loans at low interest rates. Interest rate on personal loan will be change time to time .

Types of SBI personal loans:
Xpress Credit Loan
SBI Saral Personal Loan
SBI Pension Loan
Festival Loans

As you requires I am here telling you about the rate of interest on Saral Personal Loan scheme of SBI .

SBI Saral Personal Loan Interest Rates

8.5% added to the current floating base rate of 10% per annum .
Actual interest will be 18.5% p.a.

Processing Fees :
2.02%-3.03% of the loan amount.

Loan Amount

Minimum :
Rs.24,000/-
in metro and urban centres

Rs.10,000/-
in rural/semi-urban centres

Maximum :
12 times Net Monthly Income :
For salaried individuals .

Repayment:
In 48 EMI

Documents Required
Passport size photograph

From salaried individuals

Identity proof .

Address proof .

Latest salary slip and Form 16

Features of personal loan of SBI :
High Quantum of Loan

Low Interest Rates

Fast Processing

Specialized Loan Schemes

24/7 Customer Support

For more detail here is the attachment.

Attached Files Available for Download

Detail about SBI personal loan.doc (60.5 KB, 13 views)

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Answered By StudyChaCha Member

Can you please give here information about the rate of interest on personal loans scheme offered by State Bank of India (SBI)?