Apply SBI Xpress Credit Personal Loan

Published date: November 5, 2017

Modified date: November 7, 2017

State : Andaman and Nicobar Islands
City : Port Blair

SBI Xpress Credit Personal Loan : Do you want funds readily available to you whenever you desire or need, be it a sudden vacation that you plan with your family or urgent funds required for medical treatment? SBI Xpress Credit Personal Loan is the answer to your questions.

Enjoy the SBI Advantage:

Low interest rates. Further, we charge interest on a daily reducing balance!!
Low processing charges;
No hidden costs /administrative charges.
No security required, minimal documentation…something that you had always wanted.

SBI Xpress Credit Personal Loan Features

Purpose : We provide personal loans to theemployees of undernoted entitiesmaintaining salary account with us at zero margin, and very competitive interest rates with fast and easy processing:

Central and state Government
Quasi-Government
Central PSUs
Profit making State PSUs
Educational Institutions of National Repute
Selected Corporates who have business relationship with the Bank
Corporates who do not have business relationship with the Bank as well as do not have ECR, subject to certain terms and conditions

SBI Xpress Credit Personal Loan Income

Minimum NMI: Rs.5000/-
EMI/NMI Ratio should not exceed 50%

SBI Xpress Credit Personal Loan Loan Amount
(i) Term Loan:

Min: Rs.25,000/-
Maximum: 24 times NMI subject to maximum of Rs 15.00 lacs.

(ii) Overdraft:

Minimum: Rs.5.00 lacs,
Maximum: 24 times NMI subject to maximum of Rs 15.00 lacs.

The OD will be subject to monthly reduction in DP so that DP becomes NIL in 60 months

Note: Maximum loan amount for School Teachers is capped at 12 months Gross Salary both under Term Loan and Overdraft facility

SBI Xpress Credit Personal Loan Repayment Period

Maximum 60 months or residual service period whichever is less

SBI Xpress Credit Personal Loan Provision for 2nd Loan

Second Loan can be taken after 1 year of disbursement of the 1^st loan provided the 1^st loan has been satisfactorily conducted and is regular at the time of sanction of 2nd Loan. There cannot be more than 2 Xpress Credit Loans standing in the name of a borrower. However this is subject to the overall EMI/NMI ratio of 50%

SBI Xpress Credit Personal Loan Margin : Nil

SBI Xpress Credit Personal Loan Security : Nil

SBI Xpress Credit Personal Loan Third Party Guarantee : Nil

SBI Xpress Credit Personal Loan Charges/Fees

Processing Fees
1% of the Loan Amount + applicable Service Tax

Penal Interest
Penal Interest @2% p.a. would be charged over and above the applicable interest rate on the overdue amount for the period of default. If part instalment or part EMI remains overdue then penal interest should not be levied.

SBI Xpress Credit Personal Loan Prepayment Charges

Any prepayment of EMIs in full or in part and closure of account before the end of term will attract the prepayment charges of 3% on prepaid amount
No prepayment/ foreclosure charges will be applicable if the account is closed from the proceeds of a new loan account opened under the same scheme

Processing Fee

Click here to view the Processing Fee

Finance this item from 0 per month

Contact seller Share

Related listings

Personal Loan in Delhi - Apply Online, Check Eligibility

Personal Loan New Delhi (Delhi) September 7, 2019

Apply online for Personal Loans in Delhi available from top banks at fixed interest rates. Staying in a costly place like Delhi can leave a dent in your pocket if expenses and investments are not planned properly. Often, we need Loans during certain ...
Get your Salaried Personal Loan

Personal Loan New Delhi (Delhi) September 7, 2019

Think of Personal Overdraft or credit line OD henceforth instead of standard fixed EMI based personal loan. Quick on-the-go cash withdrawal facility for salaried professionals against approved loan amount. Personal loans are used for multi-purpose wh...
Personal Loan in Kurnool

Personal Loan (Andhra Pradesh) September 2, 2019

Kurnool is a city in one of the districts of Andhra Pradesh. It lies on the banks of Tungabhadra River and also it is the most popular city of the state.Different Bank and their Interest Rates:BanksRate of InterestProcessing FeeLoan AmountPre-Payment...
Personal Loan in Kodad

Personal Loan Guntur (Andhra Pradesh) September 2, 2019

Personal Loan is something which can be availed to fulfil particular demands. A loan can function as monetary support. Also, we can meet our requirements. As a person, we can avail a loan amount up to the range of RS1 lakh to RS25 lakh.Kodad is a tow...
Personal Loan in Khammam

Personal Loan Guntur (Andhra Pradesh) September 2, 2019

Khammam is one of historic places and one of the beautiful city in Andra Pradhesh. We can avail a Personal loan in Khammam at a lower rate of Interest and lowest Emi with no hidden charges. Top of FormDifferent Banks and their Interest RateBanksRate ...
Personal Loan in Karimnagar

Personal Loan Guntur (Andhra Pradesh) September 2, 2019

Collecting and gathering funds is a major task. Many things pop-up into our lives. From home renovation to a holiday trip we need to collect money for each and everything. Personal loan acts as a major fit to help serve and act as a best fit. Karimna...