Personal Loans with SBI, Apply In Good Rates

Amount of Loan:

• Low interest rates
• Low processing fees
• No hidden cost
• No security required
• Minimal documentation
• No prepayment penalties

Eligibility:

• Individuals working on good quality corporate companies and working professionals including doctors, architects, chartered accountants and engineers, MBA’s with a minimum 2 years of standing period.

Loan Amount:

• Personal loan amount depends on your personal income, your credit-worthiness and repayment capacity.
• Minimum Loan amount: Rs 24,000 Metro and Urban cities
• Minimum Loan amount:: Rs 10000 in rural and semi urban cities.

Maximum loan Amount:

Repayment:

• The loan is repayable in 48 EMIs; you are allowed to make the payments more than EMI without attracting any prepayment penalty

Eligibility for K-Power Personal loan:

• Individual having SB/CA in this bank is eligible. He can be a salaried person, a professional or someone receiving regular income from rent and Pension, etc.

Security:

• Nil

Special features of SBI personal loan:

Income:

• Minimum net monthly income: Rs.7500
• EMI/NMI ratio should not exceed 50%

Processing Fees:

• Processing fees of 2.02 % to 3.03 % of the loan amount

Interest Rates:

• 8.50 Above the base rate floating, currently 17.50 P. a

Loan tenure:

• 4 years

Guarantor required:

• no guarantor needed

We provide personal loans to the employees of following entities having salary account with us at zero margin, and very best interest rates with fast and easy processing

• Central and state Government
• Quasi-Government
• Central PSUs
• Profit making State PSUs
• Educational Institutions of National Repute
• Selected Corporates

Documents required for the Personal loan applicable to all applicants

• Signed application with photograph

Proof of Identity:

• Photocopies of Voter Id card, Passport, Driving license, IT PAN card

Proof of residence:

• Photocopies of recent Telephone bills, Electricity bill, property tax receipt, Passport, Voter ID Card

Proof of business address for non salaried individuals

• Statement of bank Account, Passbook for the last six months
• Signature Identification from the present bankers
• Personal Assets and Liabilities statement

For guarantor wherever applicable:

• Personal Assets and Liabilities statement
• Passport size photograph
• Proof of identification certificate
• Residence proof certificate
• Proof of business address

Additional documents required for the salaried persons

• Original salary certificate from employer
• TDS certificate on form 16 or copy of IT returns for the last two financial years, duly acknowledged by IT department.

Additional documents required for Professional / self employed / other IT assesses

• Acknowledged copies of three years I.T returns/ Assessment Orders
• Photocopies of challans evidencing payment of Advance Income tax

For more information on getting the SBI personal loan, get in touch.