If you are a government Employee and if you are are looking for SBI Personal Loan for Government Employees.This article will be help for you .A personal loan is meant to address the short-term & urgent financial needs of an individual. Best Personal loan have been designed keeping in mind the needs of the salaried /self-employed class or people who have a continuous source of income.
SBI personal loan
The State Bank of India is India’s largest public sector bank, having over 24000 branches across the country. 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 ( salaries, self-employed, pensioners etc). SBI personal loan is known to offer facilities such as zero prepayment, minimum processing fees, low interest rates and so on and no wonder that it is one of the largest lenders in the country.
SBI Personal Loan for Govt Employees
SBI offers attractive personal schemes to address the urgent fund requirements of the Government employees. Be it a medical emergency, family vacation or wedding, all Government employees can avail an SBI Xpress Credit loan up to Rs 15 lakhs with maximum loan tenure of 4 years. This SBI personal loan interest rate starts at 11.90 %.
SBI Pension Loan, another popular scheme for the Government pensioners, offers loans up to Rs 14 for a maximum tenure of 5 years. The personal loan interest rate for this scheme starts at 12.45 %.
Salient features of SBI personal loan For Government Employees
- The rate of interest for SBI personal loan products for government employees starts at 11.35%
- Special offers also available for employees of both central government and public sector undertakings
- Zero processing fees for the Defence personnel
- Very low personal loan interest rate for employees of the public sector banks
Eligibility for SBI personal loan for Government Employees
- The age of an applicant should be between a minimum of 21 years and a maximum of 58 years.
- In general, any permanent and salaried Govt. employee having a minimum monthly income of Rs. 20,000 is eligible for a SBI personal loan. There may slight variations in the income eligibility, depending upon his profile.
- SBI personal loan is disbursed to those employees who have at least 6 months’ experience in their present job, along with a total experience of not less than 3 years. Although it may also vary from bank to bank.
- Personal loans being an unsecured loan, your CIBIL score can be an important factor for the approval for the best personal loan. A CIBIL score of more than 700, along with a good credit history is considered good enough for approval of the best personal loan for you.
State Bank of India Personal Loan Documents Required
For obtaining the maximum amount of personal loan from State Bank of India, a borrower should produce the following documents according to their business profiles as follows:
- Signed loan application form
- Identity Proof- PAN Card/Voter ID Card/Passport/Driving License, etc.
- Processing fee cheque
- Last 3 months bank statement 6 months bank passbook statement
- Latest salary slip & Current dated salary certificate with the Latest Form 16 for salaried individuals
- Latest Bank statement or Latest ITR of Form 16 for self-employed individuals
Compare SBI Personal loan with other banks
Personal Loan Blogs :
The bottom line:
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.
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