Get a personal loan of up to Rs 5 lakh in just 15 minutes through SBI Bank

Get a personal loan of up to Rs 5 lakh in just 15 minutes through SBI Bank

SBI personal loan in 15 minutes: Hello friends, in today’s era of inflation, when a citizen needs more money than his income, he gets a loan from the bank. In today’s article we will give you information about how to get a personal loan from government bank SBI. Through this bank you can apply online and get a personal loan, so you don’t need to go to the branch of that bank. Through this bank you can apply for a personal loan up to 5 lakh rupees in just 15 minutes. Through today’s article, we will tell you about the process and other necessary information to get a personal loan through SBI Bank.

SBI Bank Personal Loan | SBI personal loan in 10 minutes

Let us tell you that state bank of india is a government bank, it provides personal loan facility to its customers who are working in government and private sector. This bank provides personal loans to meet the needs of the citizens in its scheme called SBI Quick Personal Loan. Through this scheme you can get personal up to Rs 20 lakh through State Bank of India which is a government loan. Under this scheme, SBI Bank facilitates digital lending through Contactless Lending Platform (CLP). In which your loan gets approved in just 15 minutes.

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SBI Bank Loan Terms and Benefits

  • Citizens who have a salary account with SBI Bank will get a maximum loan of 30 lakh rupees in which the annual interest rate will be discounted at 0.25%.
  • You can take a personal loan from ₹24,000 to ₹20 lakh through State Bank of India Bank.
  • The repayment period of this loan ranges from a minimum of 6 months to a maximum of 72 months.
  • Halo gets approved in just 15 minutes.
  • In this loan scheme, you can get an EMI option of up to 50% of your monthly income.
  • Through SBI Bank, you can take a loan of up to 24 times your monthly salary.

Amount for SBI Bank Personal Loan

  • Citizens working in government as well as private sectors can apply for this loan.
  • Their age should be minimum 21 years and maximum 58 years to apply for this loan.
  • Applicant should have minimum 1 year in his job.
  • To get this loan the monthly income of the applicant should be at least 15 thousand.
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SBI Bank Personal Loan Required Documents

  1. Last six months bank statement
  2. Existing Salary Slip
  3. Aadhaar Card, PAN Card (Must be KYC)
  4. Current as well as proof of their permanent residence
  5. ITR

How much will be the interest rate of the loan?

If you take a personal loan through SBI Bank, the interest rate you will have to pay on it depends on the eligibility of the applicant. This interest rate is for customers who do not have an account with SBI Bank. And if the borrowers have an account with SBI Bank, they will be given a discount of 0.25% higher interest rate. The interest rate information is given below.

  • Employees Employed in Private Sector – 12.55% to 14.55% (per annum)
  • Employed in Defense Central Police and Indian Coast Guard – 11.40% to 12.90% (per annum)
  • Central Government Employed in State Government or CPSE – 11.55% to 14.05% (per annum)

Processing fee and other chargers
On taking a personal loan through SBI Bank, you have to pay a processing fee ranging from 0.1% to 6% of the loan amount. If you don’t repay that loan on time then you have to pay an additional charge of 2% of the EMI amount. And if you repay the loan before the due date i.e. do loan foreclosure then you have to pay 3 percent charge.

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SBI Bank Personal Loan Application Process

  • First go to the official website of SBI Bank.
  • Click on loan option on its home page here.
  • Now click on Personal Loan option in its menu.

Now you have to click on Apply Now option under SBI Quick Personal Loan on the new page.

  • And if your account is in SBI Bank. So you can apply for SBI Xpress Credit in which you will get a discount on the annual
  • interest rate on the loan amount.
  • Now you will be redirected to sbi’s 59 minutes page for loan where you have to click on Apply Now button.
  • Register on the meeting portal here. Enter the required information for the same.
  • Now login through it.
  • Now you can apply for personal loan by following the instructions on your page.

Get a personal loan of up to Rs 5 lakh in just 15 minutes through SBI Bank

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