State Bank Of Indore Personal Loan offers general Purpose Loan for Individuals viz. purchase of new consumer durable articles such as computers, televisions, refrigerators, air-conditioners, music systems, kitchen appliances, furniture, carpets etc. Also for meeting customer specific needs like expenses on marriage, family functions, medical treatment, education, travel etc.

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State Bank Of Indore Personal Loan Eligibility

Employees of Govt./ PSUs / reputed profit-making public limited companies/reputed educational Institutions with a minimum of 2 years service.

Self-employed engineers, doctors, architect, CAs, MBAs, with minimum 2 years standing. They should be 60 years of age or less.

Pensioners of Govt. / PSUs. Public Sector Banks who have taken VRS and are of 60 years of age or less.

Minimum Net Monthly Income Rs. 5,000/- per month or Rs.60000/ per annum.
 


Loan Amount: 

  1. Minimum Rs.24000/-
  2. Maximum 12 times of NMI with a ceiling of Rs.5.00 lacs (Rs.1.50 lacs for pensioners.)

Security: 

NIL (Minimum Score on a credit scoring model required)

Repayment: 

Maximum 48 months.

Prepayment:

No prepayment penalty.

State Bank of Indore Personal Loan Interest Rate:

 SBI Personal Loan rate is calculated on benchmark prime lending rate = 13%, and stands as follows:

 Salaried: BPLR + 2% = 15%

 Self-employed / professionals etc (based on credit-rating):

Credit score of above 60 or more: BPLR + 2% = 15%

Credit score of less than 60: BPLR + 3.50% = 16.5% levied on State Bank of Indore Personal Loan.

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REMINDER SERVICES EMI CALCULATOR

PERSONAL LOAN INTEREST RATES

Reminder Services EMI Calculator Personal Loan Interest Rates

 

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