SBI Xpress Elite - Personal Banking
SBI Xpress Elite
SBI has customized a Personal Loan for all high value Salaried customers having Monthly Income of Rs. 1 lakh & above. Whether it’s wedding or a vacation, unplanned emergency or planned purchase, get quick approval and disbursal with minimal documentation through SBI Xpress Elite Personal Loan.
Festive Dhamaka: Zero Processing Fee till 31st January 2025. Avail now!
Features :
- Loans up to Rs. 35 lakhs.
- Low interest rates.
- Interest on daily reducing balance.
- Low processing charges.
- Minimal documentation.
- No hidden costs.
- Provision for second loan.
- No security, no guarantor.
Eligibility :
- Individuals having Salary Account with SBI
- Minimum Net Monthly Income: Rs. 1,00,000/-
- EMI/NMI Ratio upto 65%
- Employees working with
- Central/ State/ Quasi Governments,
- Defense/ Central Armed Police/ Indian Coast Guard,
- Central & State PSUs,
- Corporates (Private & Public Ltd.),
- Educational institutions of National Repute
- Loan Amount:
- Minimum: Rs. 3,00,000
- Maximum: Rs. 35,00,000 / 24 times NMI
Terms And Conditions:
- Processing fee: Up to 1.50% of the Loan Amount (subject to minimum ₹1000/- & maximum ₹15000/-), plus GST (Processing Fee waived from 01.09.2024 till 31.01.2025 as a special offer)
- Penal Charges: In the event of default in payment of any instalment or any irregularity in the loan account, penal charges at following rate will be applicable:
- Irregularity upto 60 Days: 2.40% per annum on the irregular portion for the period of irregularity.
- Continuous irregular for a period beyond 60 days: 5% per annum on the outstanding for the period of irregularity.
- Prepayment Charges:
- Any prepayment of EMI in full or in part and closure of account before the end of term will attract the prepayment charges of 3% on the prepaid amount. However, no pre-payment charges to be levied if the Loan Account is closed after the completion of Loan tenure of 3 years;
- In case of defense customers, 100% waiver of prepayment charges to be applicable if the loan is closed after 6 months from date of sanction;
- In case of Government/ Corporate sector borrowers, no prepayment charges if the loan is closed after 6 months from date of sanction from the proceeds of a new loan account opened under the same scheme with the Bank.
- No prepayment charges under this scheme for Platinum and Rhodium variant of Corporate Salary Package customers if the loan is closed after 6 months from the date of sanction.
- Pre-payment penalty of 3% on prepaid amount (in case of prepayment) to be levied in case of all takeover cases by other banks, irrespective of the tenure (including defense customers).
- Repayment Period:
- Minimum: 6 months
- Maximum: 72 months or remaining period of service (whichever is lower)
Last Updated On : Saturday, 05-10-2024
Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
Personal Loans Landing Page
Special Loan for Salaried Customers with Monthly Income of Rs. 1 lakh & above
Loans to Salaried Employees having salary accounts with SBI
Pre-Approved Personal Loans in 4 clicks only
Criteria
- Features
- Eligibility
- Terms and Conditions
Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above