How to take loan from SBI Bank? 2023

When we face any financial compulsion and we need money, we feel shy in asking money from others so we think about How to take loan from SBI Bank. but other people also shy away from lending us money. But the bank State Bank of India can help you in this problem.

Actually, SBI Bank provides various types of loans, by availing which we can fulfill our needs. Let us know how to take a loan from India’s largest bank SBI.

What is SBI Personal Loan?

When we face any financial compulsion, we need some money which we can overcome by taking SBI Personal Loan . In fact, State Bank of India easily provides personal loans at low interest rates, taking advantage of which we can easily fulfill our financial needs.

SBI provides many types of loan facilities with which we can Education, Marriage, Medical Emergency, Travel and Can meet the financial needs arising in business etc. If your credit score is good then you will easily get a personal loan from SBI.

SBI Bank Personal Loan Details

sbi loan interest rate9.60%-15.00% per annum
loan amountUp to ₹ 20 lakh
minimum monthly income₹ 15000 per month
loan periodup to 6 years
processing feeZero (Festive Offer)

Feature of SBI Loan

1. Easy Process – The entire process from applying for the loan to getting the loan is very easy. Even if you do not have time to go to the bank and apply for a loan, you can easily apply for SBI personal loan on your mobile.

2. Quick Loan Disbursal – After successful loan application, you get the loan in a very short time.

3. Minimal Documentation – Very few documents are required to take a loan, which saves your time and also makes it easier for you to take the loan.

4. Flexible Repayment – There are many payment option available to repay the loan. You can repay the loan through SBI official website or mobile app on your mobile while sitting at home.

5. Interest Rate Discounts – When any special day or festival comes, from time to time SBI also gives discounts on personal loan interest rates, so that you can get the loan at a lower price.

6. No Collateral – The best thing I liked about taking a loan from SBI was that we do not need to give any kind of guarantee or security for the loan. Due to which it becomes very easy for us to take loan.

Eligibility criteria for taking loan from SBI

Before taking a loan from SBI, you must check whether you are eligible for the loan or not. To check this eligibility, many eligibility criteria are decided by SBI Bank. The information about these eligibility criteria of SBI is as follows:-

  • Applicant must be a citizen of India
  • Applicant must have a current or savings account with SBI for at least 6 months.
  • The minmum age of the applicant should be between 21 years to 65 years.
  • The person applying should not already have an SBI loan.
  • CIBIL score of the applicant should be 750 or more
  • There must still be some source of income

Documents required for SBI bank loan

State Bank of India is considered to be the most reliable bank of India. And a reliable bank will also give loan only to a reliable person. To make it reliable, some documents are asked by SBI for giving loan, about which we are going to tell you in the following written form:-

  • Aadhar card
  • Address proof
  • age certificate
  • bank account passbook
  • mobile number
  • business certificate
  • ID card

How to take loan from SBI Bank? , How to take loan from SBI

There was a time when we had to go to the bank to take a loan from SBI and there was no other option. But due to the advancement of technology, currently there are many such methods. Using which we can take loan from SBI. We will learn about all these methods one by one.

1. How to take loan from SBI by going to the bank branch?

This is the oldest and effective way to take loan from SBI. For this, you have to go to your nearest branch of State Bank of India and talk to the Bank Manager for the loan. The bank manager will ask you for some other information about the loan and information about your documents will also be asked.

After this, you have to wait for a while till the loan gets Approval and as soon as the loan is approved, the loan amount will be transferred to your account. Will be deposited in a Bank Account. During this time, if you face any problem related to the loan, you can contact their customer care.

2. How to take loan on official SBI website?

State Bank of India’s Official Website is available on the internet where we can apply for a loan with an easy process. In such a situation, now we will know how to take loan from SBI through the official website.

  1. First of all, open the official website of SBI Bank in your mobile.
  2. On the home page you will find many loan options like SBI Kavach Personal Loan and SBI XPress Credit etc.
  3. Select any loan option as per your requirement.
  4. If you want to get more information about the loan then click on More Information Otherwise Apply NowClick above.
  5. After this you will have to fill your required information as well as submit some important documents.
  6. Now you have to fill some other information asked in the Application Form .
  7. You will be given a loan offer as per your credit history and CIBIL score.
  8. You can now avail the loan by visiting the nearest branch of SBI Bank with your Reference Number.

3. How to take loan from SBI Bank by making a missed call?

In a very short time This is the easiest way to easily take loan from SBI because in this you just have to call their official number. in your phone. Later you are contacted by SBI’s agents and the loan amount is Rs. The process is started. 7208933142 has to be made only. For this you have to give a miss call to the official number of SBI Missed Call

4. How to take loan from SBI through YONO app?

Apart from the official website, YONO app operated by SBI is also available on the internet for loan application. You will easily get this application on Google Play Store. Let us know how to take loan from State Bank of India through Yono app:-

  1. First of all, download YONO app from Google Play Store in your mobile.
  2. Here you will have to register with your mobile number and OTP.
  3. Once the registration process is completed, the Dashboard of YONO app will open in front of you.
  4. In this you have to click on the menu bar and select the loan option.
  5. Many loan options will be available to you here, out of which you will have to click on Personal Loan.
  6. After this, a Form will be available in front of you in which you have to fill the necessary information and also submit some important documents.
  7. After all this process is completed, the application for SBI Personal Loan will be completed.

How to get a loan of Rs 50 thousand from SBI?

To get an instant loan of Rs 50 thousand from SBI, you have to go to SBI e-Mudra website. After that, select the language and enter your mobile number, account number and loan amount and proceed. When you get approved for SBI e-Mudra, you will get Rs. 50000 from SBI.

How to check SBI Bank personal loan status?

Many people shy away from taking a loan because after applying for the loan, they have to visit banks again and again to check Loan Application Status Have to make rounds. But SBI has also solved this problem of the people through its official website. You can check SBI loan application status sitting at home by following the following steps:-

  1. First of all you have to go to SBI’s Official Website .
  2. Here in the home page, you have to click on the option of Application Tracker .
  3. After this, a new page will open in front of you in which you will have to fill some necessary information like reference number and mobile number.
  4. After filling all this information correctly, click on Submit button.
  5. Now the loan application status will appear in front of you.

Which loans does SBI give?

For the needs of customers Indian State BanksMany Provides a variety of loan products that can be useful to us in different situations. Now we will know about all the loan products of SBI so that you can get the right loan at the right time:-

  • Personal Finance
  • Home Loans
  • Personal Loan
  • Auto Loans
  • Education Loan
  • loan against securities
  • Gold Loan
  • Consumer Durable Loans
  • OTS / Compromise
  • IRAC Norms

Do you need an instant loan? Know which is the best loan taking app in India or how to take loan instantly from mobile.

Types of SBI Personal Loan

State Bank of India is a bank that provides various types of personal loan facilities. . Customers can take any type of personal loan as per their convenience. Let us know which personal loans are provided by SBI.

1. SBI Xpress Credit Loan

Jobs Profession People Specially provided by SBI for those who have salary account Express Credit Loan has been prepared which we can easily avail at low interest rates. Are. To take this loan, very few documents have to be submitted and after getting the loan approval, the loan amount is transferred immediately.

2. SBI Saral Personal Loan

It is clear from its name that in this we get the facility of personal loan with a simple process. With this loan we can avail of Educational, Property Purchase, Medical Emergency Condition, marriage and home of Can perform tasks like renewal etc. Please note that this loan can be taken for a maximum period of 48 months.

3. SBI Festival Loan

As the festival season approaches, our expenses start increasing. But due to inflation it becomes difficult to meet these expenses. But these expenses can be met by taking a festive loan from SBI and we can celebrate festivals without any hassle. Can.

4. SBI Career Loan

Everyone wants to become a successful person in his life and have a Good Job Yes. But in this journey of success, money becomes our obstacle. In such a situation, SBI provides us the facility of career loan, by availing which we can make our career successful and a Can live a good life.

5. SBI Personal Loan for Pensioners

SBI applies to those senior citizens who receive regular pension from the state government or the central government. Forprovides the facility of pension loan. By availing this personal loan, pensioners can finance their children’s marriage, medical emergency, home renovation etc.

6. SBI Personal Loan for Non-Resident Indians (NRIs SBI Personal Loan)

Many times it happens that we go to another country for a job and we are not able to do the job well there. For such people, SBI provides the facility of NRI Personal Loan, using which we can meet various financial needs like home renovation, travel, medical expenses and debt consolidation. Can do to complete.

What are the interest rates on SBI Personal Loan?

In comparison to other banks, the interest rates on SBI personal loan have been kept quite low so that the consumer can find it easier to repay the loan. Generally these interest rates start from 9.60% per annum. If your credit score is good then you can easily get loan at low interest rates.

SBI Personal Loan Fees and Charges

Apart from the interest rates, there are someotherfeesand for personal loans by SBI. Fees are also charged. Now we are going to tell you about all these fee details so that you do not have to face any kind of problem after taking the loan:-

LoanSchemeProcessingFeesPrePaymentFeesPenalInterest
express creditProcessing fee waived till 31 January 20223% on prepaid amount2% per annum
sbi pensionProcessing fee waived till 31 January 2022
Pre-Approved Personal Loanat the discretion of the bank
SBI Quick Personal Loan1.5% of loan amount3% on prepaid amount2% p.m
express bond1% of loan amount
SBI Kavach Personal Loan

Comparison of SBI loan with other bank loans

In today’s time, everyone would like to get a good loan at a low price. But it is a bit difficult to go to all the banks and get information about them. So now we will compare SBI personal loan with personal loans of other banks to help you get the right loan:-

LendersInterest Rate (p.a.)Processing Fee (% of loan amount)
State Bank of India11.00% – 15.00%Up to 1.50% (Rs 1,000 – Rs 15,000)
HDFC Bank10.50%  onwardsUp to Rs 4,999
Punjab National Bank10.40% – 16.95%Up to 1%
ICICI Bank10.75% onwardsUp to 2.5%
Bank of Baroda10.90% – 18.25%Up to 2% (Rs 1,000 – Rs 10,000)
Union Bank of India11.40% – 15.50%Up to 1% (Maximum Rs 7,500)
Axis Bank10.49% onwards1.5% – 2%
Bank of India10.35% – 14.85%Up to 1% (Maximum Rs 5,000)
Indian Bank10.00% – 15.00%Up to 1%
Kotak Mahindra Bank10.99% onwardsUp to 3%
Central Bank of India10.70% – 12.30%Up to 1%

How much can I get for SBI Personal Loan?

We can take a loan up to ₹2000000 from State Bank of India through an easy process. But how much loan you will get depends on many factors such as Banking History, OthersLoan And CIBIL Score etc. If you have properly maintained your banking history and civil score, then you will easily get a loan up to Rs 2000000.

State Bank of India Loan EMI Repayment Period

The tenure of a State Bank of India personal loan depends on the tenure you have chosen while taking the loan and the loan amount. However, the tenure of all SBI loans ranges from 12 months to 3 months up to months 60

Here for your information, let us tell you that after talking to the bank officials, the period of the loan should be fixed increased also cancanis. But the longer the tenure, the higher the interest rates you will have to face. Apart from this, we can repay the entire loan even before the end of the tenure.

Benefits of SBI Personal Loan

When in difficult times we need money If it happens then SBI Bank solves our problems by giving us a loan. This in itself is a big benefit. But we get to see many other benefits which are as follows:-

  • You can take loan at low interest rates in a very easy way.
  • No hidden charges are taken.
  • There are many payment options available to repay the loan.
  • Once the loan is approved, the loan amount is immediately deposited in your bank account.
  • You are given time up to 72 months to repay the loan.
  • It is very easy to fill the loan application.
  • Documents required to take loan from SBI are also less.
  • If you cannot apply for a loan by going to the bank, then you will be able to apply for the loan online sitting at home.

What things should be kept in mind while taking SBI personal loan?

Loan Eligibility: Before taking a loan, definitely check whether you are eligible to take the loan or not. For this, many types of eligibility criteria are decided by the bank which we have also told you in this article.

Loan Amount: Before taking the loan, you should decide what amount of loan you want. Keep in mind that the loan is only for the amount that you need and you will be able to repay it easily.

Interest Rates: Some interest is charged by SBI for the loan and you should also compare these interest rates with other banks so that it helps you in getting the right loan. possible.

Loan Tenure: Select an appropriate loan tenure. It will be easier to repay a loan with a longer tenure, but we should also know that the longer the tenure of the loan, the higher the interest rates we will have to pay on it.

Processing Fees: Check how much processing fee you are being charged for the loan. Usually this fee is up to 1% of the loan amount but it may be different for different loans.

Prepayment and Foreclosure Charges: While taking the loan, you should also know about the prepayment and foreclosure charges so that later if you have to repay the loan before the tenure then you do not face any problem. .

Repayment Options: You must also see what options are available to repay the loan. If online payment option is available for loan repayment then it can be very useful for you.

Documentation: You should ensure that you have all the necessary documents before taking the loan. With this you will not face any problem during the loan process.

Credit Score: Maintain your credit score well before applying for a loan. A good credit score helps us in getting loans quickly and at low interest rates.

Terms and Conditions: While taking the loan, you should know all the information about the loan and its terms and conditions. So that you do not have to face any kind of problem later.

SBI Loan Customer Care Number

If you need some information related to SBI loan or you are facing problem in applying for loan, then contact SBI’s Customer Care Now you can easily get solution to your problems by contactingto. You can get in touch with SBI customer care in the following ways:-

  • Toll Free Number – 1800112211 /18004253800 /18001234 /18002100
  • Email ID – dgm.customerr@sbi.co.in
  • Correspondence Address – Deputy General Manager, Customer Service Department, SBI Bank Bhawan, 4th Floor, Madam Cama Road, Mumbai – 400021

conclusion

There are some people who get loans without thinking, after which they have to face many problems. But if you think carefully and follow the loan process, then this loan is going to prove beneficial for you.

You have now got every kind of information about How to take loan from SBI Bank. If this information proves beneficial for you, then definitely share this article with your friends and acquaintances. So that they can also get help in getting SBI personal loan.

Greetings, fellow enthusiasts of entrepreneurship, technology, and the art of earning a living! I'm Rashid Naseem, a passionate blogger dedicated to unraveling the mysteries of business, sharing innovative ideas, and exploring the ever-evolving landscape of technology.

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