SBI Personal Loan Review
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8 Comments
The State Bank of India (SBI) is India’s biggest bank on every parameter. It can trace its origins back to the year 1806. It was nationalized in 1955 by the government of India.
Loan amount
The loan amount ranges from 24,000 to 10 lacs. This is more or less in keeping with market parameters.
Interest rate
The interest rate is 16% for all borrowers. It is a floating type of interest rate. It is a competitive rate without being too high or low.
Charges
The processing fees range from 2% to 3% of the loan amount. This is slightly higher than the market average. There are no prepayment charges after 6 months which is a boon for people looking to repay the loan ahead of schedule.
Tenure
The tenure of the loan is upto 4 years. This is slightly lower than the 5 year tenure that most banks offer.
Ratings
Reputation: 3.5/5
Loan amount: 2.5/5
Interest rate: 3/5
Charges: 2.5/5
Tenure: 2/5
Overall: 2.75/5
Published on August 6, 2010 · Filed under: SBI Personal Loan;
8 Responses to “SBI Personal Loan Review”
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abiuda bano said on August 11th, 2011 at 9:16 am
Dear sir/ madam,
my name is abida bano looking forward to have a personal loan as i dont have any support im i ntrested to open a new consultancy as i have a vast experience and to do my own business if u kindly help me out i can repay ur amnt back asap , plz help me in accepting my personal lo0an im very much in need i have 2 kids & im a widow .
if u people help me in sanctiong the personal loan i would b very much thankful & grateful .
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INDRA NATH ROY said on August 20th, 2011 at 6:52 am
I want to get loan about my personal besiness. If i get loan then I will required my loan.
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INDRA NATH ROY said on August 20th, 2011 at 6:53 am
I am looking for a loan about my business.
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INDRA NATH ROY said on August 20th, 2011 at 6:57 am
Now I am working in money money marketing company. if i get
loan from SBI bank so I will do business & i will full filed my goal
so please If u Accept my comment so i will benifited. -
charu said on August 31st, 2011 at 8:33 am
Dear Abida Bano, we understand that you are real urgent need of money, but to avail personal loan few eligibility conditions are necessary to be fulfilled, i.e., regular salary account or proofs showing business income that seems a little difficult in your case. Here, you can instead go for loan against security or loan against gold, if possible. Loans are also available against Fixed Deposits or LIC policies, which normally charges around 13% to 15% p.a.
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ANKIT DUBEY said on September 2nd, 2011 at 1:05 pm
I HAVE TAKEN A LOAN OF 3LAKH FROM SBI ON JUNE2009 FOR 4 YEARS.ITS EMI IS 8000.IF I WILL DEPOSIT 50000 IN MY LOAN ACCOUNT.WHAT ARE THE BENEFITS WHICH I WILL GET.
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Sansha said on January 13th, 2012 at 12:50 am
Hi,
I want to apply for a personal loan. I want to know my eligibility.. im 30 yrs old working for a software company. My take home salary is 33000 PM. I want to know how much loan i can get. What is the process? want to know EMIs for 4 yrs, 5 yrs, and 6 yrs.
I want to pay emi below 6000. Please suggest.
Thanks
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GITU MONI DAS said on February 2nd, 2012 at 9:29 am
DEAR SIR
I want to apply for a personal loan. I want to know my eligibility.. im 33 yrs old working for a company. My take home salary is 9954 PM. I want to know how much loan i can get. What is the process? want to know EMIs for 5 yrs, and 6 yrs.
I want to pay emi below 5000. Please suggest.
Thanks
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