State Bank of India Personal Loan
If you don’t know what a personal loan is, then for your information let us tell you that a personal loan is a loan taken for daily needs and for marriage, medical emergency, shopping, home repair etc. which is called a loan. However, the bank does not ask you why you are taking a personal loan.
You get approved for personal loans faster than other loans. State Bank of India offers you a loan at an interest rate of 11% p.a. You can take a loan from 25 thousand to 2 lakh rupees through SBI Bank. You can apply for a loan from State Bank of India both online and offline.
Features of State Bank of India Personal Loan
If you want to take SBI Personal Loan, we are going to tell you about its features that you should know about.
- SBI Bank offers you loans at lower interest rates compared to other banks.
- State Bank of India provides personal loans to all types of people. Like trader, pensioner, employee, self-employed etc.
- You can take loan from SBI Bank from ₹25000 to ₹2 lakh.
- SBI Bank gives you a loan repayment period ranging from 6 months to 6 years so that you can repay the loan on time as per your convenience.
- If your age is between 21 years to 60 years then you can apply for SBI Personal Loan.
- You can apply for SBI Bank Personal Loan through both online and offline mode.
- Before taking the loan, you should calculate the SBI Bank Personal Loan EMI so that you know how many installments you have to pay.
Documents Required to Apply for SBI Bank Personal Loan
If you want to apply for a personal loan in SBI Bank, you must have the following documents.
- Aadhaar Card
- PAN card
- Address proof
- Income certificate
- KYC documents
- Last 6 months salary slip and 3 months bank statement
How to Apply for State Bank of India Personal Loan?
If you need to take a loan and you want to know how to take a loan from State Bank of India? So let us tell you that you can apply online to take a loan from SBI Bank. For this you just have to follow the process mentioned below –
Step 1. First of all, open Chrome browser on your device and go to SBI Bank. Official website But have to go.
Step 2. Now on the home page of this website you will see a loan section. Click on this.
Step 3. After going to the loan section, you will see several options. From that you have to click on Personal Loan option.
Step 4. After clicking on Personal Loan, you will see all types of loans. Select the loan you wish to take and click on Apply Now.
Step 5. After this the application form will open in front of you. You have to fill all the information asked in this form and upload and submit the required documents.
Step 6. Now you have to go to the nearest branch of SBI Bank and submit the documents with reference number, then after verification by the bank, you will get SBI Personal Loan in 2 to 3 days.
How to take loan from SBI YONO app?
To take loan from SBI Yono app, follow the step by step process given below-
- Step 1. First of all, download and install SBI YONO app on your mobile via Google Play Store.
- Step 2. After this you have to open the Yono app and register and login.
- Step 3. After login, now the user interface of Yono app will open in front of you. Here you have to click on the 3rd line above, then you have to click on the loan option.
- Step 4. After clicking on the loan option, you have to select Personal Loan.
- Step 5. After this you have to click on Express Credit Loan > Apply Now.
- Step 6. Now you will get details of features, eligibility, documentation, interest and fees and EMI calculation that you can read.
- Step 7. Now you have to click on Apply Now button below to apply.
- Step 8. After this, the application form to apply for the loan will open in front of you, in which you have to fill all the information asked and proceed.
- Step 9. After filling all the details, you will be presented with the loan amount for which you will be eligible.
- Step 10. Now you will receive an OTP on your registered mobile number, which you have to verify by filling in the box that appears on the screen.
- Step 11. Once the OTP is verified, a congratulatory message will appear on your screen.
- Step 12. Now you have to visit the branch with reference number and approval letter within 7 days. The reference number and approval letter will appear on your screen.
You also have to submit some documents at the branch. After which you will be given the loan in 2 to 4 days.