|Loan Name||Interest Rate||Processing Fee||Loan Amount||Tenure|
|SBI Pension Loan||11.75% - 14.75%||0.50% of the loan amount + Tax for all other Pensioners including family Pensioners.||18 months pension or Rs 14,00,000||up to 84 months|
FOR FAMILY PENSIONERS
FOR DEFENCE PENSIONERS
FOR CENTRAL AND STATE GOVERNMENT PENSIONERS
|Xpress Credit Personal Loan||12.00% - 14.15%^||1% of the loan amount+available service tax.||up to Rs 20,00,000||up to 5 years|
|Pre Approved Personal Loans||11.95% to 17.05%(Depends upon Salaried & Non-Salaried)||2% to 3% of the loan amount||up to Rs 2,00,000||up to 7 years|
|SBI Recurring Deposits(RD)||Up to 7.20%||0||No maximum limit||Up to 10 years|
|SBI Personal Loan||Up to 16.60%||1% of the loan amount+applicable GST||Up to 15 Lakhs||Up to 5 years|
|SBI Xpress Power||Up to 14.15%||1% of the loan amount+applicable service tax||Up to 15 Lakhs||Up to 5 years|
SBI is one of the biggest multinational public sector banks of India.SBI offers a huge range of personal loan schemes.
FEATURES & BENEFITS OF SBI PERSONAL LOAN
FOR SALARIED EMPLOYEES
FOR SELF EMPLOYED APPLICANTS
FOR GOVERNMENT AND DEFENCE PENSIONERS
FOR FAMILY PENSIONERS
FOR SALARIED EMPLOYEES & PENSIONERS
FOR NON-SALARIED /BUSINESSMAN
PROCESSING COST, TENURE AND INTEREST RATES
Q: How many types of personal loans are there in SBI?
A: State Bank of India provides three types of personal loans they are listed below:
1.XPRESS CREDIT PERSONAL LOAN
2.SBI XPRESS BANDHAN LOAN
Q: What is xpress credit loan in SBI?
A: SBI Xpress credit loan belongs to the personal loan which is offered to those who are maintaining the salary account with State bank of India. The minimum net monthly salary should be Rs.7500/-.The minimum repayment period will be six months and the maximum period is up to five years. The following categories only avail the Xpress credit personal loan in SBI:
Q: Is there any penalty charges in case of late payment of SBI personal loan?
A: Yes, if the irregularity Exceeds EMI or instalment payment for a period of one month then the penal interest will be charged at 2% per month.
Q: What are the chances to get a better rate of interest on a personal loan in Sbi?
A: The following three tricks may help you to get a good rate of interest in SBI:
Q: How can the customers get in touch with SBI for customer service?
A: The State bank of India provides customer service through online and as well as from its branches. They allotted separate cells for the personal loan. Interested customers may contact customer grievance cells at local head offices or can visit www.sbi.co.in to get more details.