SBI Personal Loan

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SBI Personal Loan

SBI Personal Loan

  1. Get approval for loans up to  15 Lacs.
  2. No guarantor or security is required.
  3. Requires minimum documentation.
  4. Repayment tenure ranges from 12 months to 60 months.
  5. Repayment can be made through checks, electronic clearing services, account debit.
  6. Best interest rates.

SBI Personal loan Eligibility

Eligibility for SBI Personal Loan

  Eligibility for Self-Employed Persons:

  1. Should have an Indian Origin.
  2. Minimum age of 23 years with a maximum age of 65 years is required.
  3. Income of the Applicant should be between 2-2.5 Lacs per year.
  4.  3 years minimum experience is required in the same business.
  5. Private limited, partnership firms, and deemed limited companies are eligible for personal loans.
  6. Either Residence or office should be self owned.

         Eligibility for Salaried Persons.:

  1. Should have an Indian origin.
  2. minimum age of 21 years and maximum  of  58-60 is required.
  3. Monthly income of the applicant should be between 15,000 to 20,000.
  4. Applicant should have a overall work experience of 3 years and 1 month experience in the current organization.
  5. Residence either owned, company provided or rented.


SBI Personal Loan Documents

Documentation for Personal Loan

1. 2 Passport size photographs are required.

2. Proof of official address for self employed .

3. Residence Proof

4.In case of Self-employed persons Last 2 years ITR and 6 months Bank statement.

5.In case of salaried 3 months salary slip along with form 16 (if applicable ) and 6 months Bank statement.

* Interest rate can vary as per individual’s portfolio.
* All loans repayment period are over 6 months. No short term loans.
* Credit at sole discretion of the Banks we have a tie-up with.
* The Organisation do not charge money from customers.