SBI BANK PERSONAL LOAN HYDERABAD

Contact Us

SBI BANK PERSONAL LOANS IN HYDERABAD

The SBI gives two types of personal loans in Hyderabad that includes the Xpress Credit loan and SBI personal loans. The Xpress credit loan is the best option for getting finance for a sudden requirement of money for personal needs like vacation, car, medical treatment, and other requirements. The interest rates and processing charges for this loan are very less. Depositing any type of security is not required in the bank. There is minimal documentation for the loan. A person who wants to get the SBI bank personal loans Hyderabad should have a minimum income of five thousand rupees per month. The minimum amount of the loan is five thousand rupees and the maximum amount is fifteen lakhs. A person can repay the loan amount in a period of sixty months or the remaining tenure of service or job.

SBI PERSONAL LOANS

People who have retired from Central government, State government service, and Defense services can apply for the SBI personal loans. The age of the pensioner should be seventy-six years maximum. There is a nominal processing fee for defence pensioners. The repayment period for central government and state government pensioners is 24-60 months. The repayment period for defense pensioners is 24-84 months. The interest of the SBI bank personal loans in Hyderabad starts from 12.45%. The loan is given for a time of five years.

SBI Xpress Credit Personal Loan

SBI offers loan upto 24 times of net monthly income for salaried class individuals and pensioners. The maximum limit for personal loan is Rs.15 lakh.

  • Minimum EMI per lakh Rs. 2,616 – Rs. 2,765 for 4 years.
  • Interest Rates – 11.65% – 14.65% p.a
  • Security – NIL
  • Processing Fees – SBI charges 1% of loan amount + applicable taxes
  • Part payment charges – 6 months to 60 months (or residual service period whichever is lesser)

SBI Xpress Credit Personal Loan Eligibility

SBI provides Xpress Credit personal loan to the employees of undernoted entities maintaining salary account with zero margin:

  • Central and State Government
  • Quasi-Government
  • Central PSUs
  • Profit making State PSUs
  • Education Institutions of National Repute
  • Selected Corporates
  • Minimum salary of Rs.7,500

Minimum Loan amount available under Xpress Credit Personal Loan

  • 24,000 for term loan
  • 10 lakhs for overdraft

SBI offers loan upto 24 times of net monthly income for salaried class individuals and pensioners. The maximum limit for personal loan is Rs.15 lakh.

Security – NIL
Processing Fees – SBI charges 1% of loan amount + applicable taxes
Part payment charges – 6 months to 60 months (or residual service period whichever is lesser)
Minimum EMI per lakh Rs. 2,656 – Rs. 2,781 for 4 years.
Interest Rates – 12.45% – 14.95% p.a

SBI Pension Loan

Minimum EMI per lakh – Rs. 2,655 for 4 years
Interest Rates on SBI Pension Loan – 11.60% p.a.

Features & Benefits of SBI Pension Loan:

  • Low processing fee, no hidden charge, no pre-payment charges
  • Family pensioner (spouse authorised to receive pension after pensioner’s death) can avail loan but the applicant should not be more than 76 years.
  • Maximum 50% amount of pension is considered for availing loan.
  • SBI charges processing fee of 0.51% of theamount (+applicable taxes) with minimum Rs 500/-). Processing fee is not charged from SBI Defence Pensioners.

Loan Amount For Central & State Government Pensioners:

  • Minimum loan amount is Rs 25,000
  • Maximum loan amount Rs 14 lakh for applicants below 72 years
  • Maximum of Rs 12 lakh for pensioners who are between 72 and 74 years
  • Maximum amount of Rs 7.5 lakh for applicants between 74 and 76 years
  • For family pensioners, minimum loan that can be availed is Rs 25,000.

Loan Amount For Defence Pensioners:

  • Minimum loan amount is Rs 25,000
  • Rs 14 lakh for applicants upto 72 years of age
  • Rs 12 lakh for pensioners between 72 and 74 years
  • Rs 7.5 lakh for applicants between 74 and 76 years (EMI / NMP not to exceed 50% in all the cases for Family Pensioners)

Loan Amount For Family Pensioners:

  • Minimum amont Rs.25,000
  • Rs.5 lakh for pensioners upto 72 years of age
  • Rs.4.5 Lakh for pensioners between 72 and 74 years
  • Rs.2.5 Lakh for pensioners between 74 and 76 years (EMI / NMP not to exceed 33% in all the cases for Family Pensioners)

Processing Fees: For Central & State Government Pensioners (including Family Pensioners) – 0.50% of the Loan Amount + applicable tax subject to Minimum of Rs. 500
For Defence Pensioners – NIL
Repayment Period: For Central & State Government Pensioners –

  • Minimum EMI per lakh – Rs. 2,614 for 4 years
  • Interest Rates on SBI Pension Loan – 11.60% p.a.

SBI Saral Personal Loan

Saral personal loan is available for any legitimate purpose to those working in corporate sector, self-employed, engineers, doctors, architects, chartered accountants, MBA with two years of employment.

SBI Saral Personal Loan Eligibility You are eligible for SBI Saral Personal Loan if you are:

  • Salaried and working with any leading corporate house
  • Self-employed (engineer, doctor, architect, chartered accountant, MBA) with minimum 2 years’ experience.

Minimum Loan Amount For SBI Saral Pension Loan

  • Rs.24,000 in metro and urban centres
  • Rs.10,000 in rural/semi-urban centres

SBI offers loan upto 12 times of net monthly income for salaried class individuals and pensioners. The maximum limit for personal loan is Rs.10 lakh.

Security – NIL
Processing Fees – SBI charges 2% – 3% of loan amount + applicable service tax
Repayment Period – 48 EMIs

About State Bank of India

SBI is the largest lender in the country and has its headquarters in Mumbai, Maharashtra. The majority is owned by the Government of India. Consolidated report says that SBI had a total income of Rs 2,57,289.51 crore as on March 31, 2015. SBI has total assets of over Rs 25,29,394 crore.
There are as many as 16,995 branches of SBI in India, including 190 in other countries. State Bank has an agreement with GE for its credit card services. It is the only bank in the country to figure in the Forbes list of 500. SBI holds a major market share in the fields of personal loan (20%), home loan (25.5%) and car loan (26%).
Riding high on its extensive reach, SBI is the most searched and preferred bank in India and is accessible from almost every part of the country

for SBI PERSONAL LOANS contact to us.