State Bank of India (SBI), India’s largest bank, has introduced a special personal loan offer for salaried individuals. This loan allows you to apply without any processing fee until January 31, 2024. It’s a great option for weddings or unexpected emergencies, offering a maximum loan amount of Rs. 20 lakhs.
Key Features:
Here’s why SBI’s personal loan offer stands out:
- Easy Approval: Few documents are needed for approval.
- Daily Declining Interest: Interest is calculated on the daily remaining balance.
- No Hidden Charges: There are no hidden fees, ensuring transparency.
- Second Loan Option: You can apply for a second loan without worries about safety.
Eligibility Criteria:
To apply for this loan, you must meet the following criteria:
- Age: Between 21 to 58 years old.
- Job Experience: Minimum one year of employment.
- Income: Monthly income should be at least Rs. 15,000. You don’t need an SBI salary account to apply.
Loan Amount:
You can borrow a minimum of Rs. 24,000 and up to Rs. 20 lakhs under this offer.
Required Documents:
To apply, make sure you have these documents ready:
- Income Tax Return (ITR)
- 6 Months Salary Slips
- 2 Passport Size Photographs
- ID Proof
- Residential Proof
Repayment Period:
You can repay the loan in as little as 6 months or spread it out over a maximum of 72 months.
This SBI personal loan offer provides a hassle-free way to get the money you need quickly and conveniently. Don’t miss out on this opportunity to secure your finances without the burden of processing fees!