sbi xpress credit loan apply online/sbi personal loan online apply/interest rate/prepayment charges

sbi provides Xpress credit personal loan to salaried employees having salary account with SBI

Purpose:-
Whether it’s your wedding or a vacation, unplanned emergency or planned purchase, get quick approval and instant disbursal with minimal documentation through SBI’s Xpress Credit Personal Loan for all your needs.

Features:
Loan up to 30 lakhs.
Low interest rates.
Interest on daily reducing balance.
Low processing charges.
Minimal documentation
Zero hidden costs.
Provision for second Loan
No security, no guarantor.

Eligibility :
Individuals with Salary Account with SBI.
Minimum monthly income Rs. 15000/.
EMI/NMI Ratio less than 50%.
Employees working with
Central/ state/ quasi government,
Central PSUS and profit making state PSUS,
Educational institutions of national repute,

Age: 21-58 years

Minimum service of 1 year

Terms And Conditions:
Processing fee: 1.50% of the Loan Amount (subject to minimum ₹1000/- & maximum ₹15000/-) plus GST
Penal Interest @2% p. m would be charged over and above the applicable interest rate on overdue amount for the period of default.
Prepayment charges of 3% on prepaid amount. No prepayment/ foreclosure charges if account is closed from the proceeds of a new loan account under same scheme.

Repayment Period:
Minimum: 6 months
Maximum: 72 months or remaining period of service (whichever is lower)

Checklist of Documents:
Income Tax Return (To be uploaded on CLP)
Bank Account Statement of last 6 months (To be uploaded on CLP)
2-passport size photographs
Latest month Salary Slip
Proof of Identity & Current/ Permanent Address, as per Bank’s KYC guidelines
Authorized Branch: Applicant should select any SBI branch on CLP near to place of his/ her present posting or home

Term Loans Amount:
Minimum Loan Amount – Rs. 25,000
Maximum Loan Amount – Rs. 20 lakhs / 24 times NMI

Overdraft Loans Amount:
Minimum Loan Amount – 5 lakhs
Maximum Loan Amount – Rs. 20 lakhs / 24 times NMI

Terms and conditions:
Second Loan is eligible any time after disbursement of first loan, subject to the overall EMI/NMI ratio of 50%.
Second Loan is eligible only on regular EMI repayments of the first loan.

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Disclaimer :

[saisirigem]

Super bro nice explanation ❤ good information 😊

[rahulsandyvlogs]

Private employees em papam chesaru bro maku enduku ivvaru

[kommaraju]

Sir private employee vallaki kuda estara

[rockeysai]

We are waiting for your videos bro...!!😊

[RK-inmm]

1 lack thisuonde antha interest padunthi bro

[chandumadakam]

Sir only employes ki mathrame esthara రిప్లై plese

[appalanaiduduvvu]

Sir Xpress credit loan nenu yono sbi try chesa sir... But avvaledu Naku salary 32000 sir....