SBI Xpress Credit Personal Loan


About SBI Credit Personal Loan

If you are planning to go out for a much awaited vacation with your family, but short of funds, in such scenario a personal loan is the best way out. A personal loan is given by banks and financial firms to people who have a financial need or wish to be fulfil. You can avail a personal loan for any good or worst. It could be marriage, medical emergency, and renovation of your home, buying a much desired gadget, anything and everything. The personal loan is meant to fulfil your personal financial desires without giving any explanation to bank about your spending objectives. SBI personal loan is one such solution for all your reasons.

Eligibility Criteria

The bank provides personal loan to:

  1. Central ana state government
  2. Quasi-Government
  3. Central government PSUs
  4. Profit Making and State PSUs
  5. All SBI salary account

SBI Xpress credit personal loan Scheme

Interest Rates:11.00%-14.00%

Processing fees:1% of the loan amount+applicapble Service Tax

Pre payment charges:Nill

Repaymentperiod: Min.6 month or Max.upto 6 years

Cibil Score:Min.750

Lowest EMI:Rs.1868 per lakh for 6 years

Min.Income:Rs.25000 p/m

Loan amount:Min.Rs.25000.00 to Max. Rs 30lakh

Advantages of SBI Xpress Credit personal loan

  • Low interest rates.SBI Charge interest on a daily reducing balance.
  • Minimum income required for loan is Rs.7500//
  • No hidden cost or Administrative charges
  • No security required.
  • No prepayment penalties.
  • Loan repayment period of up 60 months.
Required Documents For Xpress Credit Personal loan:
  • Passport-size photographs
  • As proof of identity- Aadhaar card, pan card, driving licence, voter identity card, passport
  • As proof of income- bank account statement, salary slips, ITR, form 16
  • As proof of address- Aadhaar card, ration card, passport, bank account statement, driving licence, electricity bill, telephone bill, sales deed/ property purchase agreement
  • Letter of authority addressed to disbursing authority
  • Copy of identity card issued from employer organisation
  • Letter of authority from the authority responsible for disbursing salary
  • Individuals with a defence salary package (DSP), paramilitary salary package (PMSP) and Indian coast guard salary package (ICGSP), the following documents are to be submitted
  • Passport-size photographs
  • AS proof of identity- Aadhaar card, pan card, voter identity card, driving licence
  • As proof of address- passport, telephone bill, voter identity card, electricity bills
  • Copy of salary slip for the preceding six months
  • Bank statement for the preceding six months for the account where salary has been credited.


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