Xpress Flexi - Personal Banking

Eligibility :

• Individuals having Diamond, Platinum or Rhodium category Salary Package Account with SBI
• Minimum Net Monthly Salary: ₹50,000/-
• Employees working with
  • Central/ State/ Quasi Governments,
  • Defense/ Central Armed Police/ Indian Coast Guard,
  • Central & State PSUs
  • Corporates (Private & Public Ltd.)
• Loan Amount:
  • Minimum: Rs. 1,00,000
  • Maximum: Rs. 25,00,000, subject to 24 times NMI & EMI/NMI Ratio upto 65%

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Terms And Conditions:

•  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.
• Repayment Period:
  • Minimum: 6 months
  • Maximum: Maximum 84 months
  • Loan to be closed on or before the Date of Retirement/ Date of End of Contract/ 60 years of age, as applicable.