When it comes to Personal Loan then State Bank of India offers two types of personal loans-SBI Xpress Credit Personal Loan and SBI Xpress Bandhan Persona Loan. From SBI you can avail personal loans at amazing interest rates depending on your job type and of course your credit profile. Take a glimpse at these two different types of personal loan i.e SBI Xpress Credit Personal Loan and SBI Xpress Bandhan Persona Loan
SBI Xpress Credit Personal Loan
Those who have a salary account with SBI and Employees of Central of Government/State Government, PSU, profit-making state PSUs, educational institutes of national repute, select corporate who’ve got a link with the bank are eligible for SBI Xpress Credit Personal Loan and SBI Xpress Bandhan Persona Loan.
Eligibility: If you’re getting your monthly salary more than Rs. 5,000, you can get this loan. Have to follow the condition that monthly loan payments shouldn’t cross 50 per cent of your net salary that you take to home.
Loan amount: Rs. 25,000 is the minimum amount that you can grab whereas the maximum amount shouldn’t be up to 24 times your net salary that you take to home subject to an upper cap of Rs. 14 lakh. Within 60 months can repay the borrowed amount.
SBI Xpress Bandhan Persona Loan
If you don’t have an account in SBI bank and you’re employees working for Central/ State Governments, quasi-government bodies, PSUs, educational institutions of national repute, select rated corporate then you’re eligible to take this loan. You can grab the sum in the form of a loan or as an overdraft SBI Xpress Credit Personal Loan and SBI Xpress Bandhan Persona Loan as well.
Eligibility: If your monthly take-home salary is Rs. 50,000 or above then you’re eligible to apply for this loan. Your monthly payment should not be up to 50 per cent of your salary.
Loan amount: If you’re about to avail term loan the minimum loan amount should be Rs. 25,000 whereas the maximum amount can be 24 times your net monthly salary that you take home subject to a ceiling of Rs. 15 lakh.