SBI Personal Loan apply helps you to meet your financial needs without keeping any security with the bank. When you go for SBI Personal Loan apply, you enjoy SBI Personal Loan Interest Rate which is quite low. Also, you enjoy minimum documentation low processing fees and flexible repayment tenure. The eligibility criteria for SBI Personal Loan apply is very easy and simple. In order to suit different financial needs, you can go for SBI Personal Loan apply of different customized loan products. You can opt for SBI Personal Loan apply for varying loan products like- Xpress Credit Loan SBI Pension Loan Xpress Power as per your needs. SBI Personal Loan rate of interest is quite attractive to these loans which lower down your repayment amount. Before going for SBI Personal Loan apply, you can check how much EMI amount you need to repay using SBI Personal Loan EMI Calculator. By inserting the loan amount loan tenure and other details in the SBI Personal Loan EMI Calculator, you get an idea of the EMI amount which you need to keep aside every month for the loan repayment. After Personal Loan apply in SBI you can easily repay the loan within 5 years.
SBI Personal Loan Apply Process
- To get details on SBI Personal Loan how to apply you can either visit any SBI branch or can visit the official website of the bank.
- You can go for the offline method for Personal Loan apply in SBI. For that, you need to visit SBI’s nearest branch and can fill the application form for SBI Personal Loan apply.
- For the online process, you can visit the official website of SBI for personal loan apply in SBI.
- You need to enter your employment type, income, and other details.
- Then SBI offers the loan amount for which you are eligible.
- After that, you need to complete the application form of SBI Personal Loan apply online.
Types of SBI Personal Loan
SBI Xpress Credit Personal Loan
You can go for SBI Personal Loan apply for Xpress Credit Personal Loan to meet unexpected financial needs. Starting from medical emergency to wedding purpose, you can opt for this loan up to an amount Rs. 25 lakhs. You need to have SBI salary account with a minimum salary of Rs. 15,000 and the EMI/NMI ratio must not be more than 50%. SBI Personal Loan interest rate will be quite low and you must be an employee of Central/State government, educational institute or any Central PSUs.
| Amount of Loan |
Term
Loan- Rs. 25,000 to Rs. 20 lakhs Overdraft Loan- Rs. 5 lakhs to Rs. 20 lakhs |
| Interest Rate | Term Loan- 11.9% to 12.4 % Overdraft Loan- 12.40 % to 12.90% |
SBI Xpress Power Personal Loan
You can opt SBI Personal Loan apply for SBI Xpress Power Loan even with no SBI salary account. You need to be a salaried employee of state/central/quasi-government bodies, educational institutes or PSUs. For competitive SBI Personal Loan rate of interest, you need to have a minimum salary of Rs. 50,000 with EMI/NMI ratio up to 50%.
| Loan Amount |
Term
Loan- Rs 25,000 to Rs. 15 lakhs
Overdraft
Loan Rs. 5 lakhs to Rs. 15 lakhs |
| Interest Rate |
Term
Loan- 12% to 13.65 % Overdraft Loan- 12.50 % to 14.5% |
SBI Pension Loan
To fulfill the financial requirements for post-retirement years, you can go for SBI Personal Loan apply for Pension Loan. The family pensioners, defense pensioners and also State & Central Government pensioners can easily go for Personal Loan apply in SBI at a competitive SBI Personal interest rate. The age of the pensioner must not be more than 76 years. SBI must maintain the pension payment order. Also, the defence pensioners must be from Army, Navy, Coast Guards, Air Force Paramilitary forces, etc.
For Defence Pensioners
| Age Criteria | Maximum Amount of Loan (36 months pension or Rs.) | Repayment Tenure |
| 74 to 76 years – 78 years | Rs. 7.50 lakhs | 24 months |
| 72 to 74 years – 78 years | Rs. 12 lakhs | 48 months |
| 56 to 72 years – 77 years | Rs. 14 lakhs | 60 months |
| Less than 56 years – 63 years | Rs. 14 lakhs | 84 months |
For State and Central Government Pensioners
| Age Criteria | Maximum Amount of Loan (18 months pension or Rs.) | Repayment Tenure |
| 74 to 76 years – 78 years | Rs. 7.50 lakhs | 24 months |
| 72 to 74 years – 78 years | Rs. 12 lakhs | 48 months |
| Less than 72 years – 77 years | Rs. 14 lakhs | 60 months |
For Family Pensioners (also includes defence pensioners)
| Age Criteria | Maximum Amount of Loan (18 months pension or Rs.) | Repayment Tenure |
| 74 to 76 years – 78 years | Rs. 2.50 lakhs | 24 months |
| 72 to 74 years – 78 years | Rs. 4.50 lakhs | 48 months |
| Less than 72 years – 77 years | Rs. 5 lakhs | 60 months |
