SBI Personal Loan is The Answer For Your Financial Problems

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You can borrow a loan amount from State Bank Of India by applying for a personal loan. The bank charges the lowest interest rate on your borrowed amount and the borrower can pay the amount in equated monthly loan installments. Whether you are a salaried, self-employed or a pensioner you can apply for the SBI personal loan. Because the SBI offers loan scheme for every customer by taking care of their needs and requirements. To know the SBI personal loan scheme and their features read the given article. 
Types of personal loan schemes provided by SBI and their features
SBI Pension Loan: To provide benefit to the pensioners SBI offers the personal loan scheme for the retired individuals who are central or state government employees. Also, the retired army and NAVY officials are eligible for this loan scheme. The minimum age of the applicant to avail this loan should be below 76 years and can pay the loan amount up to 60 months in easy EMIs. 
SBI Xpress Power Loan: For the salaried individuals whose net monthly income is INR 50,000 SBI offers the Xpress power loan using which they can borrow maximum 24 times the net monthly income amount. Also, the borrower can pay their loan eMIs using the bank efficient payment methods like ECS or auto-debit.
SBI Xpress Credit Loan: Individuals whose minimum monthly income is INR 15,000 can apply for the loan maximum up to INR 25 lakh from the bank with a lower charged rate of interest. You can also borrow a lesser loan amount of NIR 5 lakh using the bank overdraft facility. If you are above the age of 21 years you can apply for this SBI personal loan by visiting the bank branch or website. 
How the SBI personal loan interest rates charged?
The SBI personal loan interest rates depend on the bank base lending rate. You can borrow the desired amount at a lowest starting interest rate of 11.50% per annum. The marginal cost of fund based lending rate (MCLR) of SBI is 8.10%. Your loan interest rate is fixed and it can’t be changed with the SBI MCLR as it is based on 2-year MCLR of the bank. And to take the overdraft facility from your SBI personal loan an interest rate of 12.00% would be charged. 
Get SBI personal loan by using the bank services
To apply for the SBI personal loan you just need to visit your nearest SBI branch and can easily avail the loan by filling the application form and submitting the required documents. The needed documents for the loan process are Aadhar Card, PAN Card, Driving license, Electricity Bill, Bank Statement, Salary Slip, etc. The user also has to pay a processing fee to the bank for the loan that is 1% of the borrowed amount. So, get a personal loan from SBI Bank and satisfy your need for funds instantly. You can use the borrowed amount to manage money for wedding expenses, medical emergencies and child’s education funding. Now, every problem will be solved with the SBI personal loans.
Location: India

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