State Bank of India

State Bank of India

Overview

SBI Saral - Personal Loan makes funds readily available to you whenever you desire or need.
Access this facility from over 3000 branches across the country and confidently face the challenge of meeting any kind of personal expenses

Loan Feature

Loan Amount Minimum: Rs.24,000/- in metro and urban centres,Rs.10,000/- in rural/semi-urban centres.Maximum : 12 times Net Monthly Income for salaried individuals and pensioners subject to a ceiling of Rs.10 lacs
Interest Rate 8.5% above Base Rate floating, currently 18.5% p.a
Tenure up to 48 months
Pre Payment Charges No prepayment penalties
Service Charges

Processing Charges: 2%-3% of loan amount

Eligibility Criteria : Personal Loan

  Salaried Self
Age Minimum 21 Years Minimum 22 Years
Income Rs. 2,00,000 p.a Rs. 2,50,000 p.a
Job Experience 1 Year in current Job / Profession 2 Years in current Business
Residence Proof 2 Years 2 Years

Docs Required : Personal Loan

  Salaried Self
ID Proof Passport Copy/ Voters ID card/ Driving Licence/Copy of PAN Card Passport Copy/ Voters ID card/ Driving Licence/Copy of PAN Card
Address Proof Passport /Ration card/Voter’s ID/Driving license/Last 2 month Electricity bill /Last 2 month Landline Telephone Bill Passport/Ration card/Voter’s ID/Driving license/Last 2 month Electricity bill /last 2 month Landline Telephone Bill
DOB Proof Birth Certificate or 10th Class Passing Certificate Birth Certificate or 10th Class Passing Certificate
Financial Docs
  • Passport size photograph
  • 3 Latest salary slips
  • Proof of Continuity current job (Form 16 / Company appointment letter)
  • Bank Statements for last 3 months.
  • Proof of Qualificationof the Highest Degree (for Professionals / Govt employees)

 

 

 

  • Passport size photographs
  • Audited Income tax returns /Valid Income Documents certified by a CA.
  • Bank Statements for last 3 months.
  • Proof of Qualification of the Highest Degree (for Professionals / Govt employees)

Other Charges : Personal Loan

N/A

Products offered by State Bank of India

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