Required Documents to Apply for SBI Xpress Credit
✔️ Income Tax Return (to be uploaded on CLP)
✔️ Bank account statement for the last 6 months (to be uploaded on CLP)
✔️ Two passport-sized photographs
✔️ Latest month’s salary slip
✔️ Proof of identity and current/permanent address as per the bank’s KYC guidelines
Interest Rate and Charges:
Penal interest 2% p.a. over and above the applicable interest rate will be charged on the overdue amount for the default period.
A prepayment charge of 3% on the prepaid amount. No prepayment/foreclosure charges if the account is closed from the proceeds of a new loan account under the same scheme.
The minimum repayment period is 6 months, and the maximum repayment period is 6 years or the remaining period of service, whichever is lower.
How to Apply SBI Xpress Credit?
To understand how to apply SBI Xpress Credit, visit the SBI Bank website or apply via phone or email.
Need more guidance?
If you want to know more in how to apply SBI Xpress Credit, speak to an SBI representative or use their online portal for a seamless experience.