List of Personal Loan Provider Banks in India

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List of Personal Loan Provider Banks in India

List of Personal Loan Provider Banks in India:

A
Axis Bank Personal Loan
Allahabad Bank Personal Loan
Andhra Bank Personal Loan

B
Bajaj Finserv Personal loan
Bank of Baroda Personal Loan
Bank of India Personal Loan
Bank of Maharashtra Personal Loan

C
Canara Bank Personal Loan
Central Bank Personal Loan
Citi financial Personal Loan
Corporation Bank Personal Loan

D
Dena Bank Personal Loan

F
Federal Bank Personal Loan
Fullerton India Personal Loan

H
HDFC Personal Loan
HDBFS Personal Loan
HSBC Personal Loan

I
ICICI Personal Loan
IDBI Personal Loan
ING Vysya Personal Loan
Indian Bank Personal Loan

K
Kotak Personal Loan

P
P & S Bank Personal Loan

S
SBI Personal Loan

SBI Personal Loan

State Bank of India (SBI) Personal Loan

We need a lot of funds to meet our financial needs and obligations in our daily lives, even in special occasions and emergencies. We usually spend money on vacations, education, property, vehicles, weddings, medical emergencies. There are some situations when we have to arrange a hefty sum in a short period of time. In such a situation, personal loans play an important role in meeting financial needs.

State Bank of India, one of the biggest lenders in the country, offers a range of personal loan schemes to help you out in times of distress. State Bank of India offers personal loans under four categories – SBI Pension Loan, SBI Xpress Credit Personal Loan, SBI Saral Personal Loan, and SBI Festive Season Loan. Compare SBI with other Personal loan banks for Interest Rates.

State Bank of India, one of the largest lenders in the country, offers multiple personal loan schemes to help you in times of crisis. State Bank of India offers personalized offers under four categories – SBI Pension Loan, SBI Express Credit personal loan, SBI Saral Personal loan, and SBI Festival Season loan. Compare SBI with other personal loan banks for interest rates.

SBI Personal loan details:

Interest rates:   12.15% – 15.15%

Processing fees: 1% of the loan amount + GST

Prepayment charges: Nil

Repayment options:  Upto 5 years

Maximum loan amount: Rs.15 Lakh

Loan approval time: 10 Minutes

SBI Personal Loan Interest Rates – Updated as on 09 July 2020

The interest rates of SBI Personal Interest under different categories and different schemes are as under:

SBI Xpress Bandhan Loan Xpress Credit Personal Loan SBI Pension Loan
12.15% – 15.15% 11.65% – 14.65% 11.60%
Xpress Credit Loan (IT Employees) SBI Salary Package Ac holders Non-Permanent Employees (NPEs)
13.05% – 15.05% 10.65% – 12.15% 12.55% – 14.90%
Jai Jawan Pension Loan Pension loans to Coal Mines PF Clean Overdraft Loan
11.60% 11.60% 16.70%
OD for E-commerce purchases Loan against shares Loan against NSC / KVP
13.75% 10.65% 12.80%

SBI Personal Loan-Salaried (Salaried Class) People

Eligibility               Resident of India
Loan Amount Minimum – Rs 24,000 in metro and urban centres and Rs 10,000 in rural/semi-urban centres

Maximum: 12 times net monthly income (salaried and pensioners)

Documents Required for loan 1.       Passport size photograph

2.       Identity proof

3.       Office address proof (self-employed and professionals). The documents can be shop/establishment certificate, lease deed or telephone bill

4.       Latest salary slip and Form 16 (salaried persons)

Available Personal Loan Types of State Bank of India

SBI Xpress Credit Personal Loan

Eligibility               Resident of India
Loan Amount SBI offers loan upto 24 times of net monthly income for salaried class individuals and pensioners. The maximum limit for a personal loan is Rs. 15 lakh.
Minimum EMI per lakh Rs. 2,616 – Rs. 2,765 for 4 years.
Interest Rates 11.65% – 14.65% p.a
Security NIL
Processing Fees SBI charges 1% of loan amount + applicable taxes
Part-payment charges 6 months to 60 months (or residual service period whichever is lesser)
Minimum salary Rs.7,500
Documents Required for loan 1.       Passport size photograph

2.       Identity proof

3.       Office address proof (self-employed and professionals). The documents can be shop/establishment certificate, lease deed or telephone bill

4.       Latest salary slip and Form 16 (salaried persons)

Comparison of Personal Loan Interest Rates 2020: All Banks of India

Standard Chartered Personal Loan
Syndicate Bank Personal Loan
U
Uco Bank Personal Loan
Union Bank Personal Loan
United Bank Personal Loan
V
Vijaya Bank Personal Loan