State Bank Of India Personal Loans In India

SBI Saral - is the name of the Personal Loan offered by one of the India's largest banks, State bank of India. The loan can be availed for any legitimate purpose whatsoever (e.g. expenses for domestic or foreign travel, medical treatment of self or a family member, meeting any financial liability, such as marriage of son/daughter, defraying educational expenses of wards, meeting margins for purchase of assets etc.) Avail the unique personal loan from SBI and meet any kind of personal expenses!!

SBI Advantage On Personal Loan

Low interest rates and charge interest on a daily reducing balance.
Low processing charges; only 1%-2% of loan amount
No hidden costs or administrative charges.
No security required……which means minimal documentation…something that you had always wanted.
No prepayment penalties. Reduce your interest burden and optimally utilize your surplus funds by prepaying the loan (1% of the loan amount will be charged if you repay the loan before 6 months) Long repayment period of up to 48 months.

Eligibility For Personal Loans From SBI

You are eligible if you are a Resident Indian National having capability to repay a loan, except agriculturists.

Personal Loan Amount

Your personal loan limit would be determined by your income and repayment capacity.

Minimum Loan Amount

Rs.24,000/- in metro and urban centres
Rs.10,000/- in rural/semi-urban centres

Maximum Loan Amount

12 times Net Monthly Income for salaried individuals and pensioners and 1 year's Net Annual Income in case of others, subject to a ceiling of Rs.10 lacs in all centres.

For the other details such as processing fee, benefits for existing bank customers, Margin, Interest Rates, Repayment, Security, click on the following link:
http://www.statebankofindia.com/viewsection.jsp?id=0,1,20,119