Home Bank Loans SBI Personal Loan | SBI Loan of Rs 1 lakh to Rs 35 lakhs | Check the Eligibility

SBI Personal Loan | SBI Loan of Rs 1 lakh to Rs 35 lakhs | Check the Eligibility

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If you are planning a wedding, a long-overdue vacation, or facing an unexpected financial need, a personal loan from a trusted bank can make all the difference. State Bank of India (SBI), the country’s largest public sector bank, offers personal loans up to ₹35 lakhs at attractive interest rates, making it easier than ever to fund your goals without financial stress.

With flexible repayment tenures, quick processing, and minimal documentation, SBI Personal Loans are tailored to meet the diverse needs of salaried individuals, pensioners, and self-employed professionals. Read on to know the loan features, eligibility criteria, required documents, and how you can apply online with ease.

Features:

  • Loan up to ₹35 lakhs
  • Low interest rates starting from 10.05%*
  • Low processing charges
  • Minimal documentation
  • Zero hidden costs
  • No security, no guarantor
  • Provision for second loan
  • Digital Document Execution facility
  • Term loan facility on daily reducing balance or Overdraft facility with reducing Drawing Power

SBI Personal Loan Eligibility:

(A) Employees working with:

  • Government sector (Central Government/ State Government/ Railway/ Police/ PSU)
  • Defence sector (Defence/ Indian Coast Guard/ Central Armed Police)
  • Corporate sector

(B) Employee should have Salary Package Account with SBI.

(C) Minimum Service:

  • Government/ Defence Sector employees: 6 months
  • Corporate Sector employees: 12 months

(D) Age: 21-60 years. Loans to Government/ Defense sector employees in service & having age more than 60 years may be considered on case-to-case basis.

(E) Minimum Net Monthly Salary:

  • Government/ Defence Sector employees: ₹20,000/-
  • Corporate Sector employees: ₹25,000/-

(F) Loan Amount

  • Minimum: ₹ 1 lakh
  • Maximum: ₹ 35 lakh, subject to EMI/NMI Ratio upto 65% & 24-times NMI, whichever is lower

(G) Employee should be an Indian National

(H) Employee should have a decent Credit score, as per Bank’s internal policy

– Details of SBI Personal Loans: Read here
– Interested and eligible persons can apply for the loan from the link: Apply here
– SBI website: https://sbi.bank.in