SBI Personal Loan Apply 2024: India's largest bank, State Bank of India (SBI), is providing personal loan facility to its customers on easy terms. From where you can fulfill your needs by taking a loan, in today's time, every person has to face problems related to money at some point in life, due to which they borrow money from such a place, which becomes a big problem for them to repay, and their financial condition deteriorates, and they become victims of depression.
In today's article, we are going to give you detailed information about SBI Personal Loan, so that you will know about the interest rates of this bank, eligibility required for the loan, documents required to take a loan and how to apply for the loan, so that whenever you have any problem regarding money in the future, you can fulfill your need by taking a loan from this bank.
SBI Personal Loan Interest Rates
Whenever we go to take a loan from somewhere, the first question that comes to our mind is what interest rate will we have to pay on this loan, so it is very important to know about the interest rates before taking a loan. You can see in the table below how much interest rate you will have to pay on taking a personal loan from SBI Bank.
- Defense/ Central Armed Police/ Indian Coast Guard : 11.15% – 12.65%
- Govt/ Police / Railway/ Central Public Sector: 11.30% – 13.80%
- Other Corporates: 12.30% – 14.30%
- Salary Account with SBI: 11.15% – 11.65%
- Salary Account with another Bank :11.40% – 11.90%
What are the benefits of SBI Bank Personal Loan?
- 1. Personal loan taken from SBI Bank is a collateral free loan.
- 2. For this loan, you do not need to mortgage any item or property.
- 3. SBI Bank also provides you the facility of Top Up Loan on personal loan.
- 4. The process of this bank is very fast, with the help of which you get the loan in a few days and the loan amount is transferred to your account.
- 5. To take a loan from this bank you need very few documents.
Eligibility required for SBI Personal Loan
To take a personal loan from this bank, you will have to fulfill these eligibility criteria, only then you can take a personal loan from this bank.
- The person taking the loan should have an account in State Bank of India (SBI).
- The applicant must also have an account with salary slip in State Bank of India.
- The applicant's EMI must be at least 50%.
- The age of the loan applicant should be between 21 years to 58 years.
- The salary of the applicant must be at least Rs 15,000.
If you fulfill all these eligibility then you can take personal loan from this bank.
Documents Required for SBI Personal Loan
If you want to take a personal loan from this bank then you must have all these documents.
- Aadhar Card
- PAN card
- Bank passbook
- Salary slip
- Residence Certificate
- Mobile number
- Email ID
- Passport size photo
- 6 months bank statement
How to Apply for SBI Personal Loan 2024?
If you want to take a personal loan from SBI then you have to follow the procedure given below, only then you can apply for the loan.
- First of all, you have to make a file of the documents required to take a loan from SBI Bank by collecting them in one place.
- After this you have to go to your nearest SBI branch.
- After going to the bank, you have to tell the employees there that you want to apply for a personal loan.
- Then the employees there will provide you the loan form.
- You have to read it carefully first and understand its terms and conditions.
- After this you have to fill that application form carefully.
- After this you have to attach the photocopies of all your documents at the back of the form.
- And after signing wherever required on the form, submit the form in the bank.
- After this, your form will be checked by the bank employees and if you are eligible to take a loan, then the loan amount will be transferred to your bank account.