How to take personal loan from SBI Bank? In today’s time, everyone is in need of taking a loan because it becomes difficult for a middle class family to meet all the needs of the family, hence State Bank of India has provided the loan facility. In this article we will tell you how you can take a loan from State Bank of India?
If you have made up your mind to take a personal loan from SBI Bank, then you can follow the instructions given in this article. How to take personal loan from SBI Bank? You can easily apply for SBI Bank Personal Loan Online by following the step by step process. But for this you will have to read this article completely and do not miss even a single point mentioned in it.
Because we have told you here what is the eligibility for taking a personal loan from State Bank of India? What documents are required for this, detailed information about SBI Loan Interest Rate and features of SBI Personal Loan has been provided. So now let us tell you how to apply for personal loan from SBI Bank.
State Bank of India Personal Loan (SBI Se Personal Loan Kaise Le))
If you do not know what a personal loan is, then for your information let us tell you that personal loan is a loan taken for daily needs and personal expenses like marriage, medical emergency, shopping, home repair etc. Is called loan. However, the bank does not ask you about why you are taking the personal loan.
You get approval for personal loan faster than other loans. State Bank of India provides you loan at the rate of interest of 11% p.a. Through SBI Bank you can take a loan ranging from Rs 25 thousand to Rs 20 lakh. To take a loan from State Bank of India, you can apply through both online and offline means.
Features of State Bank of India Personal Loan
If you want to take SBI Personal Loan, then we are going to tell you about its features which you should know about.
- SBI Bank provides you loan at lower interest rates compared to other banks.
- State Bank of India provides personal loans to all types of people. Like businessman, pensioner, employee, self employed etc.
- You can take a loan ranging from ₹ 25000 to ₹ 20 lakh from SBI Bank.
- SBI Bank gives you time ranging from 6 months to 6 years to repay the loan so that you can repay the loan on time as per your convenience.
- If your age is between 21 years to 60 years then you can apply for SBI Personal Loan.
- You can apply for SBI Bank Personal Loan through both online and offline modes.
- Before taking the loan, you must calculate the EMI of SBI Bank Personal Loan so that you know how much installment you have to pay.
Types of SBI Personal Loan
State Bank of India provides many types of loans to its customers. The types of loans given by SBI Bank are as follows –
- SBI Quick Personal Loan
- SBI Kavach Personal Loan
- SBI Express Credit
- SBI Pre Approved Personal Loan
- Loan Against Securities
- SBI Pension Loan
- SBI Express Flexi
Eligibility to take loan from State Bank of India
- The person applying for personal loan from SBI Bank should be Salaried, Businessman or Self Employed.
- To apply for SBI Personal Loan, the age of the applicant should be between 21 years to 58 years.
- The monthly salary of the applicant should not be less than ₹ 15000 per month.
Documents required to apply for SBI Bank Personal Loan
If you want to apply for a personal loan in SBI Bank, then you must have the following documents.
- Aadhar card
- PAN card
- address proof
- income certificate
- KYC documents
- Last 6 months salary slip and 3 months bank statement
How to Apply for State Bank of India Personal Loan?
If you need to take a loan and you want to know that How to take loan from State Bank of India? So let us tell you that you can apply online to take a loan from SBI Bank. For this you just have to follow the process mentioned below –
Step 1. First of all, open Chrome browser on your device and go to SBI Bank. official website But have to go.
Step 2. Now on the home page of this website you will see a section of Loan. Click on this.
Step 3. After going to the loan section, you will see many options. Out of these, you have to click on the option of Personal Loans.
Step 4. After clicking on Personal Loan, you will see all the loan types. Select the loan you want to take and click on Apply Now.
Step 5. After this the application form will open in front of you. You have to fill all the information asked in this form and upload the required documents and submit it.
Step 6. Now you have to go to the nearest branch of SBI Bank and submit the documents along with the reference number, after which after verification by the bank, you will get the SBI personal loan in 2 to 3 days.
How to take loan from SBI YONO App?
To take loan from SBI Yono app, follow the step by step process given below –
- Step 1. First of all, download and install SBI YONO App on your mobile through Google Play Store.
- Step 2. After this you have to open Yono app and register and login.
- Step 3. After login, now the user interface of Yono app will open in front of you. Here you have to click on the 3rd line above, then you have to click on the Loan option.
- Step 4. After clicking on the loan option, you have to select Personal Loan.
- Step 5. After this you have to click on Express Credit Loan > Apply Now.
- Step 6. Now you will get the details of Features, Eligibility, Documentation, Interest & Fees and EMI Calculation which you can read.
- Step 7. Now to apply you have to click on the Apply Now button below.
- Step 8. After this, the application form to apply for the loan will open in front of you, in this you have to fill all the asked information and move on to Next.
- Step 9. After filling all the details, you will be presented with the loan amount for which you will be eligible.
- Step 10. Now you will receive an OTP on your registered mobile number, which you have to verify by filling it in the box visible on the screen.
- Step 11. As soon as the OTP is verified, a message of Congratulations will appear on your screen.
- Step 12. Now you will have to visit the branch with the reference number and Sanction Letter within 7 days. The reference number and sanction letter will appear on your screen.
You will also have to submit some documents at the branch. After which the loan will be provided to you within 2 to 4 days.