SBI Personal Loan Interest Rates: To Fulfill Desires
SBI is the reputed bank, and that’s the reason applicants easily trust and get the privileges. They provide various SBI personal loans according to your eligibility criteria. Before that, you should know SBI personal loan interest rates and SBI personal loan EMI calculatorbefore applying for the loan. After knowing these details, it’s easy to enjoy the benefits. Let’s find below rates information.
SBI Xpress Credit Personal Loan Eligibility This SBI personal loan can avail whenever you want. You can use Xpress credit personal loan for a sudden vacation, or urgent fund required for medical expenses. To get the immediate fund, you should show the minimum documents, no hidden and pre-payment charges, and processing charges also low. The interest rate of the loan 12.05% to 15.45% per annum, and repayment within five years, also the net monthly income must at least Rs 5,000 per month.
SBI Xpress Elite Personal Loan Eligibility Those are having a salary account in SBI or any other bank can available this loan. The effective interest rate is a combination of the credit score in addition to two-year MCLR with the spread over two-year MCLR. The interest rate starts at 11.05% to 12.80% per annum.
SBI Xpress Power Personal Loan Eligibility It’s an unsecured personal loan, and the bank can provide services to them who don’t maintain their salaried account in SBI. Employees working with central, state governments, defense, PSUs, or select rated corporates are eligible to get SBI personal loan. The interest rate starts from 12.15% to 13.80% per annum with Rs 50,000 gross monthly income for five years.
SBI Pension Personal Loan Eligibility Who are receiving their pensions through central or the state government this scheme is for them. They can get this loan easily, so that use it for their urgent medical emergencies or unexpected personal financial needs. The interest rate starts at 12% per annum.
In general SBI personal loan interest rates start from 11.05% to 15.45% with loan amount minimum Rs 24000 and maximum 24 times NMI subject to a maximum of Rs 15 lakh overdraft. Minimum Rs 10 lakhs and maximum 24 times NMI subject to a maximum of Rs 15 lakh overdraft for five years. Processing fee nil- 1% of the loan amount with GST and prepayment charges nil 3% of the principal outstanding.
When you talk about general eligibility criteria for the SBI personal loan, they divide loan categories two stages the salaried or self-employed. For the salaried age should be 21 to 58 years with minimum Rs 5,000 per month income, and total work experience two years. For the selfemployed age should be between 21 to 65 years with minimum Rs 7,000 per month income, and two years total job experience.
SBI Personal Loan EMI Calculator: Measure Your Monthly Payment To The Lender The SBI personal loan EMI calculator is the best option when you want to know the EMI payable amount to the lender every month and which should be accurate. To use the EMI calculator you should download or install the site. Once installation over, you should put a few details according to that give the exact payable amount information. You should provide a loan amount, tenure, and interest rate. After the submission, they give accurate monthly payment detail. Do you know, it’s free to use? Yes, you can use SBI personal loan calculator again an again until not getting a satisfactory report.