List of Benefits the SBI Quick Personal Loan
✅ SBI Quick Personal Loan offers low interest rates
✅ Up to ₹2,000,000
✅ Interest on daily reducing balance
✅ Low processing fee
✅ Minimal documentation
✅ No provision cost for another loan
✅ No collateral, no guarantor
Why do we recommend this SBI Quick Personal Loan?
Various planned or unplanned needs often require additional funds that must be readily available. For instance, home renovation, education costs for your children, or delayed hobbies. You may face unexpected situations or come across a great opportunity. Chances are, you’re not always financially prepared for such events. At such times, you need to have cash ready.
Authors’ Opinion
Besides offering personal loans, the State Bank of India (SBI) boasts a diverse range of financial products tailored to meet different needs. These include various types of credit cards with attractive cashback and rewards programs suited to different spending habits and preferences.
SBI also offers a variety of loan facilities such as home loans to help fulfill dreams of owning a house, educational loans to promote learning, and gold loans leveraging valuable assets for immediate financial needs.
Who can apply for this loan?
Eligibility Criteria:
✔️ Individuals with a salary account in another bank
✔️ Minimum net monthly income: ₹15,000/-
✔️ EMI/NMI ratio below 50%
✔️ Employees of:
✔️ Central/State/Semi-Government
✔️ Central and State Public Sector Undertakings
✔️ Private and Public Limited Corporates
✔️ Educational institutions of national repute
✔️ Age: 21–58 years
✔️ Minimum 1 year of service
✔️ Loan amount:
✔️ Minimum: ₹24,000
✔️ Maximum: ₹2,000,000 or 24 times NMI