Know Here The Complete Process Of SBI Personal Loan Apply Online
When it comes to applying for a personal loan, there is no denying the fact that people usually get confused as which lender to choose. Yes, with plenty of lenders being available in the marketplace, it is absolutely not an easy task to find the best one. Thus, in order to keep you away from this dilemma, we are here to help.
How about availing SBI personal loan? Sounds good, isn’t it? Well, of course, it is! Talking about State Bank of India, it would not be wrong to say that being country’s largest lender it caters to the multiple needs of the people via offering this unsecured loan. This is the reason that why people are always interested in applying for the same.
When it comes to applying for the same, you would be glad to know that there are a wide range of schemes offered by this bank. So, without wasting any time further, let’s just discuss each one of them in the article below.
Xpress Credit Scheme
This type of credit facility can easily be availed to meet any personal need. Yes, right from a sudden vacation, credit card debt consolidation, home renovation to medical expenses, it would not be wrong to say that this scheme allows you to enjoy everything in life. To get this personal loan online, minimal documentation is required, no hidden prepayment charges are there along with lowest processing fee. Take a look at the details below:
Interest Rate: 11.15%-15.05% per annum
Loan Amount:₹24,000-₹15 Lakh
Tenure: 5 Years
Processing Fee: 0.50% of the loan amount
Prepayment Charges:Nil-3% of the principal outstanding
Xpress ELITE Scheme
Those who are having a salary account in SBI or in any other bank can easily apply for the same. If we talk more about the same, the effective personal loan interest rates under this scheme is a combination of an applicant’s credit score in addition to 2 year MCLR +spread over 2 year MCLR. Go through the details in the article below:
Interest Rate: 10.65%-12.40% per annum
Loan Amount:₹24,000-₹15 Lakh
Tenure: 5 Years
Processing Fee: 0.50% of the loan amount
Prepayment Charges:Nil-3% of the principal outstanding
Xpress Bandhan
This unsecured scheme is offered by a lender to those salaried employees who are not maintaining the salary account with State Bank of India. Employees working with State/Central Government/Defense Establishments/ PSUs, National Repute/ Select Rated Corporates.
Interest Rate: 12.15%-15.15% per annum
Income:₹50,000 (gross)
Loan Amount: ₹25,000-₹15 Lakh
Tenure: 5 Years
Processing Fee: 1% of the loan amount+GST
How to Apply
When it comes to SBI personal loan apply online, the process of doing the same is extremely easy. Yes, it is absolutely simple and quick to apply for any of these schemes so as to get the credit instantly. You can simply apply online for the same by visiting the official website of the bank.