SBI Personal loan Ke Prakar in English: According to the needs of the customers, SBI Bank offers many types of personal loans. In this article, we will get information about various SBI personal loans. You can apply by getting information about the loan for which you want to apply.
If you fulfill all the conditions for these loans, then you can take advantage of the bank’s attractive SBI personal loan interest rate.
SBI personal loan
- SBI Express Credit
- SBI Pension Loan
- SBI Kavach Personal Loan
- Pre Approved Personal Loans on YONO
- SBI Quick Personal Loan
- loan against securities
1. SBI Express Credit Loan:
If you have a Salary Account in SBI Bank then you can apply for SBI Express Credit. You can take this loan for vacation, marriage or medical emergency. There are some eligibility, terms and conditions to apply for SBI Express Credit which we will know about here. But first let us know about the features of this personal loan:
SBI Xpress Credit Personal Loan Features
- Under this loan, you can get a personal loan up to a maximum of Rs 20 lakh.
- This loan is given to you at a very low rate of interest in SBI as compared to other banks.
- Processing Fee is very less.
- You also have to give very less documents here.
- Hidden cost means that the hidden cost is very less.
- You do not have to give any Guarantor or Security.
- interest on daily diminishing surplus
- second loan provision
- Minimum loan you can take is up to Rs.25,000.
- Whether you are taking a term loan or an overdraft loan, in both you get a minimum of 6 months and a maximum of 6 years to repay the loan.
- EMI Amount is automatically deducted every month from your Salary Account by the Bank.
Loan amount available under SBI Xpress Credit Personal Loan:
SBI Xpress Credit Personal loan is also of two types which are as follows:
- Term Loan Amount: The minimum loan amount under this loan is Rs 25000 and the maximum is Rs 20 lakh.
- Overdraft loan: The minimum loan amount under this loan is Rs 5 lakh and the maximum is Rs 20 lakh. Under this loan you can get loan up to 24 times of NMI.
SBI Xpress Credit Personal Loan Eligibility
- The minimum age of the applicant should be 18 years.
- Your CIBIL score should be good only then you can get this loan.
- This loan will be available only to those people who do jobs (Salaried Employees) and their Salary Account should be in SBI bank.
- The minimum monthly income of the applicant should be Rs 15000.
- EMI/NMI ratio should be less than 50%.
Documents for SBI Express Credit Loan
- As we told you that you have to give very few documents because your salary account will be in this bank, then your documents will already be in the bank.
- Aadhar card
- mobile number
2. SBI Pension Loan:
As the name suggests, this loan is a personal loan for pensioners. The features of this SBI personal loan are given here which you can see.
Features of SBI Pension Personal Loan
- Processing Fees are very less.
- There are no hidden costs of any kind.
- You can apply for this loan in all branches of State Bank of India.
- The process of applying for a loan and getting the loan approved is very quick.
- Easy EMI facility through standing instructions.
- You have to provide very few documents to apply.
- You can take a loan up to a maximum of Rs 14 lakh.
- The EMI/NMP will not exceed 50% in case of all pensioners except family pensioners.
- EMI/NMP for family pensioners will not exceed 30%.
SBI Pension Loan Eligibility
- The applicant must be a permanent resident of India.
- Applicant’s age should be less than 76 years.
- The Pension Payment Order should be with SBI Bank.
- Family pensioners include the members of the family authorized to receive pension after the death of the pensioner.
SBI Pension Loan Facility for Central and State Government Pensioners:
| Age at the time of loan sanction | Maximum loan amount (18 months pension or Rs.) | repayment period | Age at full repayment |
|---|---|---|---|
| under 72 | 14.00 lakh rupees | 60 months | up to 77 years |
| Between 72 – 74 years | Rs 12.00 lakh | 48 months | up to 78 years |
| 74 – 76 years | 7.50 lakh rupees | 24 months | up to 78 years |
Features of SBI Pension Loan for Defense Services Pensioners:
| Age at the time of loan sanction | Maximum loan amount (36 months pension or Rs.) | repayment period | age at maturity |
|---|---|---|---|
| under 56 | 1.4 million | 84 months | 63 years |
| 56 – 72 Years | 1.4 million | 60 months | 77 years |
| 72 – 74 years | 1.2 million | 48 months | 78 years |
| 74 – 76 years | 7.50 lakh | 24 months | 78 years |
SBI Pension Loan Facility for Family Pensioners (including Defense Services Pensioners):
| Age at the time of loan sanction | Maximum loan amount (18 months pension or Rs.) | repayment period | Age at full repayment |
|---|---|---|---|
| less than 72 years | 5.00 lakh | 60 months | 77 years |
| 72 – 74 years | 4.50 lakh | 48 months | 78 years |
| 74 – 76 years | 2.50 lakh | 24 months | 78 years |
3. SBI Kavach Personal Loan:
This loan is SBI Covid Personal loan. After April 1, 2021, if you or any member of your family is found to be Kovid positive, then you can take SBI Kavach Personal Loan for its treatment. This loan will be given to you on the basis of your CIBIL CV score.
Features of SBI Kavach Personal Loan
- You do not have to give any security for this loan.
- Processing fee is zero.
- The minimum loan amount is Rs.25,000 and the maximum is Rs.5,00,000.
- The loan repayment period is 60 months (including 3 months moratorium).
- Loan can be repaid through Standing Instruction (SI) on Salary/Pension/SB/CA account.
4. Pre-approved Personal Loan for Employed and Pensioners on YONO App:
If you have a salary account with SBI Bank, then you can be eligible for a pre-approved personal loan. You can apply for this loan through SBI YONO App. The features of this loan are that the processing fee is minimal, instant loan processing, very few documents are required, no need to visit the bank branch.
With the SBI YONO App, you get 24*7 availability and instant loan transfer to the applicant’s account. Through YONO App, you can take advantage of the facilities of this loan.
5. SBI Pre-Approved Personal Loan Non-Salary (PAPL):
If a person has a savings account with SBI with an average monthly balance beyond the predefined limit, then you can get a loan of up to Rs 2 lakh under this loan scheme. You can check your eligibility through SBI YONO App and apply for this loan.
6. SBI Express Bandhan Personal Loan:
If you are a salaried employee and your account is not in SBI bank then you can apply for this loan. Employees working with Central / State Governments / Defense Establishments, Semi Government Bodies, Public Sector Undertakings, Educational Institutions of National Reputation, Selected Rated Corporates can apply for this loan.
SBI Express Bandhan Personal Loan Features:
- The minimum gross monthly income of the person applying should be Rs.50,000.
- It is not necessary to have your Salary Account in SBI Bank.
- You get the facility of both Term Loans and Overdrafts Loan.
- Your EMI/NMI ratio should be up to 50%.
- You get 60 months to repay this loan.
- The processing fee is 1% of the loan amount + applicable taxes.
- You can repay the loan through NACH/SI mode.
- In SBI Xpress Bandhan Loan, you do not have to pay any kind of hidden cost.
- You can also check all these SBI Personal loan details by visiting the official website of SBI Bank.
SBI Express Bandhan Personal Loan Amount
As we told you that in this you get the facility of two types of loan Term Loans and Overdrafts Loan. The loan amount in both is as follows:
- Term Loans: Minimum Rs 25000 and 24 times NMI maximum Rs 15 lakh
- Overdrafts Loan: Minimum Rs.5 lakh and 24 times NMI maximum Rs.15 lakh
conclusion
SBI Bank offers various types of personal loans as per the requirement of the customers. Detailed information about all these SBI Personal Loan Ke Prakar has been given in this article.
You can apply for these SBI personal loans by reading this article. I hope you guys have liked this article. Thank you for visiting website.
For more information, you can visit the bank’s customer care number or the bank’s official website.