How many types of loans are available in SBI?
The 5 main types of SBI personal loan products include: SBI Xpress Credit Personal Loan, SBI Pension Loan, SBI Xpress Bandhan Loan, SBI Pre-approved Loans, and SBI Quick Personal Loan.
Which loans are available in SBI bank?
Types of SBI Personal Loans
| Type of Personal Loan | Interest Rate (p.a.) |
|---|---|
| Xpress Credit Personal Loan | 10.60% onwards |
| Xpress Credit Insta Top-Up Personal Loan | 10.70% onwards |
| Xpress Credit Non-Permanent Employees Personal Loan | 11.50% onwards |
| Pre-Approved Personal Loan (PAPL) | 12.60% onwards |
What are the types of loan?
Types of secured loans
- Home loan. Home loans are a secured mode of finance that give you the funds to buy or build the home of your choice.
- Loan against property (LAP)
- Loans against insurance policies.
- Gold loans.
- Loans against mutual funds and shares.
- Loans against fixed deposits.
- Personal loan.
- Short-term business loans.
Which loan is best in SBI?
SBI Personal Loan Schemes
| Personal Loan Schemes | Interest rates (p.a.) |
|---|---|
| OTHER UNSECURED PERSONAL LOANS | |
| Pension Loan | 9.75%-10.25% |
| Clean Overdraft | 15.65% |
| Xpress Credit Insta Top-Up | 10.70% |
What is the interest of 10 lakh loan in SBI?
10 Lakh Home Loan Interest Rates
| SBI | 6.80 – 7.70% |
|---|---|
| HDFC Ltd | 6.80 – 7.30% |
| ICICI Bank | 6.80 – 7.95% |
| LIC Housing Finance | 6.90 – 7.30% |
| Axis Bank | 7.75 – 8.40% |
What is loan and different types of loan?
The term loan refers to a type of credit vehicle in which a sum of money is lent to another party in exchange for future repayment of the value or principal amount. Loans come in many different forms including secured, unsecured, commercial, and personal loans.
What is the interest of 3 lakh loan in SBI?
SBI Personal Loan EMI for ₹ 3 Lakh
| Loan Amount | Interest Rate | Tenure(Year) |
|---|---|---|
| ₹ 3,00,000 | 9.60% | 1 |
What kind of home loan can I get from SBI?
SBI offers loan to non-salaried persons for the purpose of construction, repair, renovation of the flat. Under this scheme, the banks also offer home loan transfer facilities. State Bank of India provides various types of home loan schemes, each having its own eligibility criteria.
What is the interest rate of SBI personal loan?
Offering various types of personal loan schemes, State Bank of India is a top choice for prospective borrowers from various walks of life. SBI personal loan interest rates start from 9.60% p.a. and can be availed for amounts up to Rs. 20 lakh.
Which is the required document for SBI personal loan?
The documents to avail SBI personal loan may vary depending upon the personal loan category you opt for. However, the list of basic documents is as follows: Identity proof: Passport, PAN, Voter Identity Card, Driving License, Aadhaar Card
Who is eligible for SBI personal loan Yono?
D. Pre-approved Personal Loans to Non-salaried (PAPL) On YONO. The SBI YONO App also provides pre-approved personal loan offers to self-employed individuals and self-employed professionals. The eligibility for these SBI personal loans includes the following criteria: You should be having a savings account with SBI with regular deposits