We as a loan aspirant share a common dream – getting loan at low interest rate. And what would be better than that when we can get that loan from one of the most prominent lenders of India. Here, we are talking about SBI Personal Loan which can be availed at competitive interest rate.
About SBI personal loan
The State Bank of India is India’s largest public sector bank, having over 24000 branches across the country. SBI personal loan is known to offer facilities such as zero prepayment, minimum processing fees, and low interest rates and so on and no wonder that it is one of the largest lenders in the country.
10 golden reasons why you should opt for SBI personal loan-
Attractive interest rates
Loan amount as per your requirement
Convenient loan tenures
Goes easy on the customer
Less processing time
Wide operational network
Different loans schemes for different groups of customers
Special personal loan products for low-salaried individuals
Dedicated customer support for personal loan customers
1. Attractive interest rates
A personal loan interest rate is different for different customers, depending on their income, credit profile, bargaining power etc. The SBI personal loan interest rate is currently in the range of 11.95 % to 14.55 %. Moreover, a personal loan by SBI charges interest on a reducing balance.
2. Loan amount as per your requirement
You can apply for SBI personal loan amount from as low as Rs 10000 to Rs 15 lacs. The approval depends on your repayment history and financial record.
3. Convenient loan tenures
SBI personal loan provides convenient options to repay your loan within a minimum period from 12 months to a maximum of 84 months.
4. Transparent procedures
When you apply for a SBI personal loan, you are provided clear and up-to-date information about the status of your application at every stage. Also, there are zero hidden charges in SBI personal loans.
5. Goes easy on the customer
The SBI personal loan is customer-friendly as it does not ask for any security/collateral/guarantor for approving the loan.
6. Less processing time
SBI has introduced Xpress Credit Personal Loan to ensure quick and easy disbursement of SBI personal loans and to help the borrower in getting a personal loan instantly and with utmost convenience.
7. Wide operational network
SBI can boast of a wide operational network that covers almost every nook and corner of the country. Because of this reach, loan application and processing are possible at almost every location in India.
8. Different loans schemes for different groups of customers
SBI has offered attractive personal loan products (such as SBI Xpress credit personal loan, SBI Saral personal loan, SBI pension loan and so on) to cater to the distinct needs of a diverse set of people ( salaried, self-employed, pensioners etc).
9. Special personal loan products for low-salaried individuals
SBI has come up with various special credit products for low-salaried individuals. For example, SBI Express Credit Personal Loans can be availed by individuals having a monthly income of Rs 5000 as well.
10. Dedicated customer support for personal loan customers
The dedicated and well-trained customer support team of SBI is always there to provide round-the-clock support to the SBI personal loan customers.
Afinoz.com can help you get a personal loan by SBI online. You can apply for a personal loan from us and check your tentative EMI/ eligibility using our utility tools such as Personal Loan EMI calculator and Personal Loan Eligibility calculator. Our best services are offered to you absolutely free of cost.
For any query, feel free to call us at 8795021552 or visit-https://www.afinoz.com.