#1
23rd May 2015, 10:05 AM
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Personal Loan State Bank of India
Is the Personal Loan limit of a person determined by one’s income and repayment capacity in State Bank of India? Provide me details of the Personal Loan in State Bank of India as I want to apply for it? Can you provide me the phone number of the Customer Care department of the Bank?
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#2
21st November 2015, 02:44 PM
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Re: Personal Loan State Bank of India
Hello sir I want to know about the Personal Loan of State Bank of India so please provide me information about this loan.
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#3
21st November 2015, 02:44 PM
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Re: Personal Loan State Bank of India
SBI offers 4 exciting types of Personal Loans: Xpress Credit Personal Loan, SBI Saral Loan, SBI Festival Loans, Personal Loans to pensioners. Features Purpose The loan will be sanctioned for any legitimate purpose whatsoever (e.g. expenses for domestic or foreign travel, medical treatment of self or a family member. Eligibility You are eligible if you are a salaried individual of good quality corporate, self employed engineer, doctor, architect, chartered accountant, MBA with minimum 2 years standing. At least 21 years old Less than 58 years old 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. Other information Security: NIL Fees Processing Fees Processing charges are 2.02%-3.03% of the loan amount. Prepayment Charges- NIL Interest rate- 12.70% - 17.80% |
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