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.