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6th April 2016, 09:43 AM
Super Moderator
 
Join Date: May 2012
Re: SBI Personal Loan

As per your demand here I am providing you details of the SBI Saral Personal Loan

Purpose
The loan will be granted for any legitimate purpose whatsoever (e.g. expenses for domestic orforeign travel, medical treatment of self or a family member, meeting any financial liability,such as marriage of son/daughter, defraying educational expenses of wards, meeting marginsfor purchase of assets etc.)

Eligibility
You are eligible if you are a Salaried individual of good quality corporate, self employedengineer, doctor, architect, chartered accountant, MBA with minimum 2 years standing.

Loan Amount
Your personal loan limit would be determined by your income and repayment capacity.
Minimum :
Rs.24,000/- in metro and urban centres
Rs.10,000/- in rural/semi-urban centres
Maximum :
12 times Net Monthly Income for salaried individuals and pensioners subject to a ceiling of Rs.10 lacs in all centres

Documents Required
-Important documents to be furnished while opening a Personal Loan Account:
-For existing bank customers
-Passport size photograph
-From salaried individuals
-Latest salary slip and Form 16

Repayment
The loan is repayable in 48 EMI. You are allowed to pay more than the EMI if you wish to,without attracting any prepayment penalty.

Security: NIL

Processing Fees:
Processing charges are 2.02%-3.03% of the loan amount.

Prepayment Charges: NIL


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