- What is the minimum and maximum amount of personal loan that can be availed from SBI?
- Ans: The minimum amount of personal loan that can be availed from SBI is Rs. 25,000 and the maximum amount of personal loan is Rs. 20 Lakhs.
- What is the maximum repayment tenure for SBI Personal Loan?
- Ans: The maximum repayment tenure for SBI Personal Loan is up to 72 months.
- What is the interest rate for SBI Personal Loan?
- Ans: The interest rate for SBI Personal Loan ranges from 9.60% to 13.60%.
- Is it possible to prepay the SBI Personal Loan?
- Ans: Yes, it is possible to prepay the SBI Personal Loan. The prepayment charges are NIL for floating interest rate loans and 3% of the outstanding principal amount for fixed interest rate loans.
- What is the processing fee for SBI Personal Loan?
- Ans: The processing fee for SBI Personal Loan is up to 1% of the loan amount plus applicable taxes.
- What are the documents required to apply for SBI Personal Loan?
- Ans: The documents required to apply for SBI Personal Loan are Identity Proof, Address Proof, Income Proof, Bank Statement, etc.
- What is the eligibility criteria to apply for SBI Personal Loan?
- Ans: The eligibility criteria to apply for SBI Personal Loan are the age of the applicant should be between 21-58 years, the minimum income should be Rs. 5,000 per month, and the applicant should be a permanent employee of a reputed company or government sector employee.
- Can a self-employed person apply for SBI Personal Loan?
- Ans: Yes, a self-employed person can apply for SBI Personal Loan. The applicant should have a minimum income of Rs. 7.5 Lakhs per annum and should have a minimum of 2 years of business experience.
- What is the mode of repayment for SBI Personal Loan?
- Ans: The mode of repayment for SBI Personal Loan is through ECS, standing instruction or post-dated cheques.
- How can I apply for SBI Personal Loan?
- Ans: You can apply for SBI Personal Loan online through the official website of SBI or by visiting the nearest SBI branch.