State Bank of Patiala Personal Loan

State Bank of Patiala Personal Loan Key Features Jan 2021

Eligibility Criteria	Details
Age	21 – 58 <76 (for pensioners)
CIBIL score	Minimum 700 or above
State Bank of Patiala Personal Loan Interest Rate	9.99% per annum
Lowest EMI per lakh	Rs. 2105
Tenure	6 to 72 months
State Bank of Patiala Personal Loan Processing Fee	1% to 2%
Prepayment Charges	3%
Part Payment Charges	Not Applicable
Minimum Loan Amount	Rs. 24,000
Maximum Loan Amount	Rs. 20 Lakh

Each Feature Explained in Detail Below

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State Bank of Patiala Personal Loan Eligibility Criteria

Eligibility criteria for a personal loan:

CIBIL score	700 and Above
Age	21 – 58 Years <76 (for pensioners)
Min Income	Rs. 15000/month
Occupation	Salaried/Self-employed

State Bank of Patiala Personal Loan Fees and Other Charges

State Bank of Patiala Personal Loan  Interest Rate	9.99% per annum
State Bank of Patiala Personal Loan Processing Charges	1% to 2%
Prepayment Charges	3%
Stamp Duty	As per state laws
Cheque Bounce Charges	As per bank terms
Penal Interest	2%
Floating Rate of Interest	Not Applicable

State Bank of Patiala Personal Loan Documents Required

Documents required for a personal loan from State Bank of Patiala:

Form	Duly filled application form
Proof of Identity	Copy of: > Passport > Driving License > Aadhar Card > Voter ID Card
Proof of Address	Rent Agreement (Min. 1 year of stay) Utility Bills Passport (Proof of permanent residence) Ration card
Proof of Income	> ITR: Last two Assessment years > Salary Slip: Last 6 months > Bank Statement: Last 3 months

State Bank of Patiala Personal Loan EMI Calculator

State Bank of Patiala Personal Loan Compared to Other Banks

Bank	Interest Rate	Tenure	Loan Amount & Proc Fee
State Bank of Patiala	9.99%	6 to 72 months	Up to Rs. 20 lakh / Up to 1.50% of the loan amount
HDFC Bank	11.25% to 21.50%	12 to 60 months	Up to Rs. 40 lakh / Up to 2.50% of the loan amount
Bajaj Finserv	Starting from 12.99%	12 to 60 months	Up to Rs. 25 lakh / Up to 3.99% of the loan amount
Axis Bank	15.75% to 24%	12 to 60 months	Rs. 50,000 to Rs. 15 lakh / Up to 2% of the loan amount
Citibank	Starting from 10.99%	12 to 60 months	Up to Rs. 30 lakh / Up to 3% of the loan amount
ICICI Bank	11.50% to 19.25%	12 to 60 months	Upto Rs. 20 lakh / Up to 2.25% of the loan amount

Other Loan Products from State Bank of Patiala

Gold Loan	Car Loan	Home Loan	Business Loan
TWL	LAP	Credit Card	Education Loan

Why should you apply for State Bank of Patiala Personal Loan with Dialabank?

We at Dialabank will help you with all your financial requirements. Our experts will explain to you the benefits and different offers that are tailor-made for your needs, and from the comfort of your home. With Dialabank, you get a trustworthy partner and friend who is always just a click away.

How to Calculate EMIs for State Bank of Patiala Personal Loan

Use your loan amount, tenure in months, and rate of interest to calculate your monthly EMIs using the EMI calculator below.

State Bank of Patiala Personal Loan Processing Time

Your loan application through the State Bank of Patiala is processed within a week of submission. If you already are a customer and account holder with them, the processing is significantly reduced to just 48 hours.

State Bank of Patiala Personal Loan Preclosure Charges

You are allowed to foreclose your personal loan after 6 EMIs. State Bank of Patiala charges you a foreclosure charge of 3% on your outstanding loan amount.

Pre Calculated EMI for Personal Loan

Rate	5 Yrs	4 Yrs	3 Yrs
10.50%	2149	2560	3250
11.00%	2174	2584	3273
11.50%	2199	2608	3297
12.00%	2224	2633	3321
12.50%	2249	2658	3345
13.00%	2275	2682	3369
13.50%	2300	2707	3393
14.00%	2326	2732	3417
14.50%	2352	2757	3442
15.00%	2378	2783	3466

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Types of State Bank of Patiala Personal Loan

State Bank of Patiala Marriage Loan

Marriages are a grand festival in Indian households, and State Bank of Patiala helps you manage your wedding expenses through their personal loan schemes. You can get a loan amount of 20 lakhs at affordable interest rates.

State Bank of Patiala Personal Loan for Government Employees

Individuals working for the government are entitled to many benefits; easy and discounted personal loans are one of them. You can apply for a personal loan with the State Bank of Patiala and meet your financial needs.

State Bank of Patiala Doctor Loan

Doctors are the backbone of a thriving economy, and their contribution to maintaining the health of the general public is duly noted. The bank provides special rates and offers to all the medical practitioners.

State Bank of Patiala Personal Loan for Pensioners

Elderly citizens that have served the country and draw their pension from bank’s account get special discounts on processing fees and other charges and can avail of a personal loan of up to Rs. 14 lakhs.

State Bank of Patiala Personal Loan Balance Transfer

If the expensive personal loans and heavy EMIs are causing more troubles than solving your problems, it is time to switch your bank and apply for a State Bank of Patiala Personal Loan Balance Transfer.

State Bank of Patiala Personal Loan Top Up

Personal loan top-up allows you to make extra money on your existing loan by offering you an extra amount on the same loan rather than having to apply for a fresh one.

State Bank of Patiala Personal Loan Overdraft Scheme 

Bank of Patiala Personal Loan Offers an Overdraft Scheme. With this, you are provided a loan amount as an overdraft facility. It works like a Credit Card, where you can spend your Personal Loan Amount as you want anytime anywhere. The overall loan amount will have a Credit/Loan Limit. In Bank of Patiala Personal Loan Overdraft facility, the bank charges interest only on the amount you withdraw/utilize.

State Bank of Patiala Personal Loan Status

You can check your status by;

• Visiting the branch in person.
• Using the State Bank of Patiala’s online platform and mobile app.

How to Apply for Personal Loan from State Bank of Patiala?

1. To avail of State Bank of Patiala personal loan, you have to visit Dialabank online.
2. Also, you can visit the State Bank of Patiala Personal Loan on Dialabank.
3. Once you go through the page, you can check the eligibility, documents, and loan scheme concerning personal loans.
4. Later, you can fill a simple online form with your specifications.
5. Once you submit the form, you will be called by our representatives.
6. The representatives will assist you in the whole process.
7. Your Home Credit Personal Loan will get approved in no time

FAQs About State Bank of Patiala Personal Loan

✅ How to apply for State Bank of Patiala Personal Loan?

You can apply for the personal loan at State Bank of Patiala by visiting the nearest branch of SBP. Also, you have an option to apply for the personal loan through Dialabank by filling a simple form.

✅ What is the Interest Rate for State Bank of Patiala Personal Loan?

State Bank of Patiala charges an interest rate starting from 9.99% per annum on all the personal loan products.

✅ What is the minimum age for getting a Personal Loan from State Bank of Patiala?

The criteria for the applicant’s minimum age is set for 21 years.

✅ What is the maximum age for getting a Personal Loan from State Bank of Patiala?

The maximum age you required to apply for the personal loan is 60 years.

✅ What is the minimum loan amount for State Bank of Patiala Personal Loan?

The minimum loan amount for the personal loan provided by State Bank of Patiala is Rs. 24,000

✅ What is the maximum loan amount for State Bank of Patiala Personal Loan?

State Bank of Patiala allows you to take the maximum amount  of Rs. 20 lakh

✅ What are the documents required for State Bank of Patiala Personal Loan?

You need to show Aadhaar card or Voter ID, PAN card, salary slips or ITR, and two recently clicked photographs to start the process

✅ What is the Processing Fee for State Bank of Patiala Personal Loan?

State Bank of Patiala charges 1.0% to 2.0% of the loan amount as a processing fee.

✅ How to get State Bank of Patiala Personal Loan for Self Employed?

State Bank of Patiala provides special offers to Self Employed applicants. All you need to show is ITR files of the last three years as your income proof.

✅ What is the Maximum Loan Tenure for State Bank of Patiala Personal Loan?

The maximum Loan tenure for Personal Loan from State Bank of Patiala is 60 months.

✅ What should be the CIBIL Score for State Bank of Patiala Personal Loan?

You must have the CIBIL score of at least 750 to avoid the risk of rejection.

✅ Do I have a preapproved offer for the State Bank of Patiala Personal Loan?

To know the preapproved offer for the personal loan from State Bank of Patiala you can contact Dialabank to know each and every detail.

✅ How to calculate EMI for State Bank of Patiala Personal Loan?

You can use the EMI calculator to calculate the EMI of State Bank of Patiala. It is available on the website of Dialabank.

✅ How to pay State Bank of Patiala Personal Loan EMI?

Your EMI’s for the personal loan will get automatically deducted from your Bank account on a monthly basis. You can also use net-banking.

✅ How to close State Bank of Patiala Personal Loan?

If your funds are ready then you can apply for Preclosure or after all the EMI’s are paid your loan will get closed.

✅ How to check State Bank of Patiala Personal Loan Status?

To know the status of Personal Loan you need to call the bank or check on the official website i.e provided by the bank.

✅ How to close State Bank of Patiala Personal Loan Online?

Dialabank is the best option for applying for Personal Loan with less paperwork and ease or visit the official site of the bank apply for the loan

✅ How to pay State Bank of Patiala Personal Loan EMI Online?

Your personal loan EMIs can be paid using the online and mobile banking services of State Bank of Patiala.

✅ How to check Personal Loan Balance in State Bank of Patiala?

To check the personal loan balance in State Bank of Patiala, you will need to contact the customer care number of State Bank of Patiala. If you are looking for low-interest personal loans, you can visit Dialabank and fill a simple form for Personal Loan Balance Transfer, and we will do the hard work for you

✅ How to download State Bank of Patiala Personal Loan Statement?

From the official website of the State Bank of Patiala, you can also download the statement from the Dialabank account.

✅ How to Top Up Personal Loan in State Bank of Patiala?

State Bank of Patiala allows you to do the top-up of the existing loan rather than opening the new one. You can also contact the Dialabank for this facility

✅ What happens if I don’t pay my State Bank of Patiala Personal Loan EMIs?

State Bank of Patiala charges a 2% penal interest on your outstanding loan amount if the EMI amount is not paid.

✅ What relaxation scheme and moratorium State Bank of Patiala provides in relation to Personal Loan due to COVID 19?

State Bank of Patiala is giving a 6 months moratorium. 

✅ How to find the State Bank of Patiala Personal Loan account number?

After your application gets approved you will be provided with your account number for Personal Loan.

✅ What is the State Bank of Patiala Personal Loan closure procedure?

• Just go to the bank with the documents.
• Write a letter for pre-closure of the State Bank of Patiala Personal loan account.
• Pay the pre-closure charges as per State Bank of Patiala Personal Loan.

✅ What is State Bank of Patiala Personal Loan preclosure charges?

State Bank of Patiala Personal Loan preclosure charges are Nil.

✅ What is the State Bank of Patiala Personal Loan overdraft scheme?

For simplifying the process and providing you with a hassle-free service while processing an overdraft scheme at State Bank of Patiala Personal Loan is provided, it gives you an online way to get your own overdraft, also known as Smartdraft – Overdraft Against Salary. You do not need to visit bank branches and go through a boring process. Just log in to the State Bank of Patiala online banking portal and from there you can fill out a simple form and get an overdraft under your name.

✅ What is the State Bank of Patiala Personal Loan maximum tenure?

State Bank of Patiala Personal loan maximum tenure is 72 months.

✅ What is the State Bank of Patiala Personal Loan minimum tenure?

The State Bank of Patiala Personal Loan minimum tenure is 6 months.

✅ What is the State Bank of Patiala Personal Loan customer care number?

The customers get in touch with the bank via call on 9878981166.