Articles

Type Of SBI Personal Loan

by sourav Kumar Afinoz

We as a loan aspirant share a common dream – getting loan at low interest rate. And what would be better than that when we can get that loan from one of the most prominent lenders of India. Here, we are talking about SBI Personal Loan which can be availed at competitive interest rate.

Types of SBI Personal Loan

1. SBI Xpress Credit Personal Loan

SBI personal loan provides an instant personal loan scheme to
those with urgent fund requirements such as a medical emergency.
These loans are provided at low interest rates (with reducing balance),
low processing charges, with minimal documentation and without any
security. You do not need to pay any administrative charges or hidden
cost either.

Moreover, SBI provides you with the option of availing a second
Xpress loan, provided you have repaid the first one on time. You may
get a higher personal loan quantum with added facilities.


2. SBI Saral Personal Loan

The amount of loan you can avail in SBI Saral Personal loan
depends on your income and repayment capacity. Here, you can get a
sbi personal loan up to 12 times your NMI (Net Monthly Income)
which is required to pay off in 48 EMIs. No security/collateral will be
asked and you need to go through a minimal documentation only.
Also, the bank does not levy any additional prepayment charge upon
you.

3. State Bank Festival Loan

SBI offers Festival Personal Loans to cover the festival expenses of an
individual. These sbi personal loans are disbursed through a very
transparent process, without any hidden charges. It needs no security;
no pre-payment charges and the interest rates are also much lower, as
compared to other lenders. You can avail a loan amount up to 4 times
your NMI which needs to be repaid within 12 months. But, you need
to have an NMI of Rs 3000 or above.

4. SBI Pension Loan

This SBI pensioner loan scheme is for covering the sudden and
unexpected funding needs of Govt, Defence or family pensioners not more
than 76 years of age . It offers zero hidden charges, nominal processing fees
(nil for Defence pensioners) and quick processing/approval facilities.
Central/State Govt. pensioners can avail a  personal loan by sbi up to Rs 14
lakhs and family pensioners can avail up to a maximum of Rs 5 lakhs.

If you have some queries related to HDFC personal loan,  The moment you call the number the bank executives make sure to have a prompt response all your queries and complaints and give the best solution. 




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About sourav Kumar Freshman   Afinoz

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Joined APSense since, September 20th, 2018, From noida, India.

Created on Nov 27th 2018 00:02. Viewed 444 times.

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