Xpress Flexi - Personal Banking
Xpress Flexi
SBI has customized an Overdraft Personal Loan product for all Salaried customers having Monthly salary of ₹50000/- & above. Whether it’s a wedding or a vacation, unplanned emergency or planned purchase, get an Overdraft facility under SBI Xpress Flexi Personal Loan and withdraw as & when you need.
Visit your nearest SBI branch now!
Festive Dhamaka: Zero Processing Fee till 31st January 2025. Avail now!
Features :
- Overdraft facility up to ₹25 lakhs, with reducing Drawing Power
- Facility to deposit surplus funds in the loan account to reduce interest burden
- Auto liquidation at the end of loan tenure
- Low interest rates
- Low processing charges
- Minimal documentation
- No annual maintenance charges
- No hidden costs
- No security, no guarantor
- No pre-payment penalty
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%
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: 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 Finance
PM Surya Ghar – Loan for Solar Roof Top
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