




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:
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:
SBI Xpress Credit Personal Loan Income
SBI Xpress Credit Personal Loan Loan Amount
(i) Term Loan:
(ii) Overdraft:
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
SBI Xpress Credit Personal Loan Provision for 2nd Loan
Second Loan can be taken after 1 year of disbursement of the 1st loan provided the 1st 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
Click here to view the Processing Fee
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