Sbi is offering quick approval and instant disbursal personal loans with minimal documentation called the Sbi Xpress credit personal loan. For your wedding or an unplanned purchase or an emergency Sbi got you covered With Xpress credit personal loan you can get instant disbursal of loans within no time.
sbi xpress credit loan documents required are Aadhar Card, PAN, Bank Statement, and Your salary Bank account statements, and some other documents requested by the Sbi branch.
sbi xpress credit personal loan processing time is very less as you will get a call from the Sbi executive within 24Hours and once the loan is approved you will get the loan disbursed in your bank account within a day.
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sbi xpress credit personal loan interest rate is starting from 11.55% – 14.95% per annum and there is also a processing fee of 1.5% of the loan amount and a minimum of Rs 1000 to a maximum of Rs 15,000. And there is also a late prepayment fee of 3% of the amount paid. For Late payment, there would be 2% of the amount to be paid.
The minimum prepayment time of the sbi xpress credit loan is 6 months and a maximum of 6 years to pay the loan taken by the individual. and the minimum loan amount that you can from the sbi xpress credit is Rs25,000 and a maximum of Rs 20 Lakhs value depends on the salary or the collateral you put up.
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You can also get an overdraft amount with Sbi xpress credit loan, the minimum loan amount is 5 Lakhs and the maximum loan amount that you can get is 20 Lakhs.
sbi xpress credit loan status can easily be checked by visiting the official website of Sbi
SBI offers personal loans of up to Rs. 20 lakh with interest rates starting from 9.60% p.a. onwards.
The bank offers various types of personal loans such as Xpress Credit Loan, SBI Pension Loan, Xpress Elite and Pre-approved Personal Loans that cater to the needs of borrowers.
Instant personal loans offered by SBI may be used for various purposes, such as higher education, weddings, home renovation, vacations, medical emergencies, debt consolidation, etc.
SBI QUICK Personal Loan
You can avail a loan amount of up to Rs.20 lakh.
You can avail this loan even if you do not maintain a bank account with SBI.
You need to draw a minimum monthly income of Rs.15,000 to avail this loan
SBI PAPL (Pre-Approved Personal Loan)
You can get instant personal loans at any time with SBI Pre-Approved Personal Loans (PAPL). Use the YONO app to avail this loan at the comfort of your home. The service is available 24*7. However, note that only the bank can determine who all are eligible for this loan. To check your eligibility, you can SMS “PAPL <last 4 digits of Account No.> ” to 567676. The interest rate starts from 9.60% p.a.
If you have a salary account with SBI, you can apply for SBI Xpress Credit Personal Loan for cash requirements like medical emergency, vacation, wedding, etc. The following are the key features of various SBI personal loans:
a) SBI Xpress Credit Personal Loan
SBI salary account is mandatory
Loan amount ranging from Rs. 25,000 to Rs. 20 lakh
Loan tenure ranging from 6 months to 60 months
b) SBI Xpress Bandhan
SBI Xpress Bandhan personal loan is for those who are not having a salary account with SBI. Following are some of the key features of this personal loan:
Specifically targeted at salaried employees of Defence Establishments/State Governments/Central Govt., Quasi Govt. and a few other top-rated companies
Minimum Gross Monthly Income required to avail the loan is Rs. 50,000
Maximum EMI to Net Monthly Income ratio is up to 50%
Offered in the term loan and overdraft variants, the following are the minimum and maximum loan amounts sanctioned:
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