The largest commercial bank in India
State Bank of India State Bank Bhavan, 16th Floor Madam Cama Road, Mumbai
1800 11 2211 |1800 425 3800 | 080-26599990
24/7 Phone Assistance: 1800 11 2211, ask about office hours.
|Financing Company Name||State Bank of India|
|Classification||Accounts, Deposit, Cards, Loans, Insurance, Investments|
Age from 21 to 58 years old
From application to receipt of money 1-2 working days
Any Indian citizen with a stable monthly income.
|Requirements for Employees||PAN card or passport copy, proof of address, bank statements or bank savings book for the previous six months or salary receipt for the last three months, tax return|
|Requirements for Self-employed||PAN card or passport copy, proof of address, bank statements or bank savings book for the previous six months or salary receipt for the last three months, tax return|
|Income requirements||From 5,000 rupee per month|
|Years in total job||It depends on the term and amount of the loan|
|Processing Fees||Up to 1% of the loan amount|
|Late payment Fee||2% of the overdue loan amount daily|
|Repayment of loan||Pay the loan in equal monthly installments|
You can take out this personal loan for domestic or international holidays, weddings, the latest gadgets, higher education, buying a car or even house repairs. You can spend this money for any purpose.
Personal loans are not secured by any collateral or security and are disbursed at the discretion of SBI based on the credit worthiness of the borrower. There is also no need for any co-signee or guarantor either. SBI provides you with personal loans without security so that you can get easy access to credit for your personal needs.
Any prepayment of EMIs in full or in part and closure of account before the end of term will attract the prepayment charges of 3% on prepaid amount. No prepayment/ foreclosure charges will be applicable if the account is closed from the proceeds of a new loan account opened under the same scheme.
It is necessary to have a stable income. Unemployed people can't get a loan.