CreditMantri Finserve Private Limited
CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002
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Get SBI personal loans for all your financial needs at affordable interest rates starting from 10.90% p.a. onwards. Loan amounts up to Rs. 20 Lakhs. Comfortable repayment tenures of up to 6 years. Processing fee as low as 1.50% of the loan amount. Lowest EMI.
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Processing Fee
1.50%
Max Tenure
up to 6 years
Best Rate
15.65% p.a
SBI offers personal loans at an interest rate of 9.60% per annum onwards for loan amounts up to Rs. 20 Lakhs, and for loan tenures of up to 6 years. Apply for an SBI personal loan with CreditMantri and enjoy unlimited benefits.
| Interest Rate | 9.60% per annum |
| Loan Amount | Up to Rs. 20 Lakhs |
| Minimum income required | Rs. 15,000 |
| Loan Tenure | Upto 6 years |
| Processing Fees | Upto 1.50% (Maximum Rs. 15,000) |
| Lender | Interest Rates | Processing Fees |
|---|---|---|
| SBI | 10.30%-15.10% | Up to 1.50% |
| HDFC | 11.00% onwards | Up to 2.50% |
| ICICI | 10.75% onwards | Up to 2.50% |
| Citibank | 9.99% p.a. To 16.49% p.a. | 0.25% to 3.00% |
| Axis | 10.25% onwards | 1.5% to 2% |
| IndusInd | 11.00% | 2.5% onwards |
| Yes Bank | 10.99% per annum onwards | 2.50% (one-time fee) |
| Shriram City | 11.49% p.a. To 23% p.a. | 2.50% |
SBI XPress Credit
This loan is offered to salaried employees who are existing customers of SBI. The features of the SBI XPress Credit personal loan are as follows:SBI Pension Loan
This loan is given to defense personnel, central and state government employees, and family pensioners who are below 76 years of age and whose pension payment order is maintained with SBI. The features of this loan are:SBI XPress Bandhan
SBI Pre-approved Personal Loans (PAPL)
This pre-approved personal loan is also known as SBI Yono Pre-approved Personal Loan. It is offered to savings account holders of SBI through the SBI YONO App. The features of SBI pre-approved personal loans are as follows:You can take this loan if you or any member of your family is diagnosed with Covid-19 or if you are in need of money for treatment. You will have to provide the report for the same. The features of the SBI Kavach Personal loans are as follows:
It is a personal loan for salaried individuals who do not maintain the salary account with SBI. The features of the SBI Quick Personal Loan are as follows:
| Loan Type | Interest Rate | Processing Fee | Prepayment Charge | Penal Interest |
|---|---|---|---|---|
| XPress Credit | 10.60 percent per annum to 13.10% per annum | 1% of the loan amount + tax | 3% on prepaid amount | 2% per month |
| XPress Bandhan | At the discretion of the bank | 1% of the loan amount and applicable tax | - | - |
| SBI Pension Loan | 9.60% per annum to 12.60% per annum | 0.50% of the loan amount + applicable taxes (Minimum Rs. 250) | - | - |
| SBI pre-approved personal loans (PAPL) | 12.60% per annum | At the discretion of the bank | - | - |
| SBI Kavach Personal Loan | 8.50% per annum | - | - | - |
| SBI Quick personal loans | 10.85% p.a. to 12.85% p.a. | 1.5% of the loan amount | 3% on the prepaid amount | 2% per month |
SBI XPress Credit
SBI Pension Loan
SBI XPress Bandhan
SBI Pre-approved Personal Loans (PAPL)
To find out whether you are eligible for a pre-approved loan from SBI, send an SMS in this format - “PAPL last 4 digits of SBI Savings Bank Account No.to 567676.SBI Kavach Personal Loan
SBI Quick Personal Loan
Documents Required For SBI Personal Loans
After you read and understand the details about SBI personal loan on CreditMantri, you can apply for it.
Online Via The SBI Bank’s Website
1) On the official website of SBI, choose the loan you want to apply
2) Click ‘More Information’ to know more about the loan.
3) Click ‘Apply Now’ or ‘Avail Now’.
4) You will be redirected to the application form
5) Add the details asked, and submit the application.
Offline:
Go to the nearest branch of SBI Bank. Get the personal loan application form from the branch. Completely fill in the details and submit the application form at the branch.
Customer Service Department
State Bank of India
State Bank Bhavan, 16th Floor
Madam Cama Road,
Mumbai 400 021
If you have applied for a personal loan through SBI, then you can track the application status through the following ways:
SBI offers various types of personal loans for people of all age groups. Apply for a personal loan with SBI and satisfy your immediate personal loan needs.
1. What is the minimum credit score needed for availing SBI personal loan?
Although SBI has stated its cut-off credit score, applicants who have a credit score of above 750 have higher chances of getting a personal loan.
2. How much personal loan can I get from SBI on a salary account?
You can obtain a personal loan of up to Rs. 30 Lakhs if you are a salaried employee. The bank provides personal loans at affordable rates with low processing fees and zero hidden costs. However, you have to fulfill the eligibility criteria set by SBI to get the loan on the best terms. If you fulfill the eligibility criteria, the SBI personal loan calculator will provide you with the best loan offers depending on your salary.
3. How much work experience is required to get a personal loan from SBI?
To get a personal loan from SBI, you must have a minimum work experience of 12 months.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application