|
|
| Home » Banks Providing Personal Loans in India » State Bank of India |
|
State Bank of India Personal Loans |
|
|
State Bank of India is one of the country’s largest nationalized banks which have an extensive network throughout the nation. There are more than 3000 branches across India which caters to all the banking needs of every customer. The State Bank of India Personal Loans is easy to secure and come with many added benefits to the borrower. There are many other banks loans in India apart from personal loans and these include home loans, car loans, loans against property and various other types of loans. State Bank of India Personal Loans are granted for any legitimate purposes such as foreign travel, education expenses, meeting financial liability, medical treatment, or for meeting wedding expenses.
|
The primary eligibility criteria for securing State Bank of India Personal Loans is you have to be a resident Indian national. Some of the key advantages of SBI Personal Loan include low interest rates, low processing fees, no hidden cost or administrative charges, no security required, minimal documentation, no prepayment penalties and long repayment options up to 48 months. The personal loan limit of State Bank of India is determined by the income of the borrowers and his/her repayment capacity. The minimum loan amount in metro and urban areas is Rs.24000/- and in rural areas it is 10000/-.
The documentation required for applying for State Bank of India Personal Loans includes passport size photographs for existing customers and latest salary slips and Form16 from salaried individuals. The SBI personal is repayable in 48 EMI and you can pay more than the EMI amount without any prepayment penalty. Besides SBI, there are several other banks providing personal loans in India such as ICICI, HSBC, HDFC, IDBI Bank of India, Standard Chartered and more.
For more updates on banks providing personal loans in India, visit the related links provided.
|
|
