Sbi Xpress Bandhan

About the Scheme

Unsecured Personal Loans to Salaried Employees not maintaining salary account with our Bank

Salient Features
Who can avail:

Employees working with Central/ State Governments/ Defence Establishments, Quasi Government Bodies, PSUs, Educational Institutions of National Repute, Select Rated Corporates.

Income Requirement: Minimum Gross Monthly Income of Rs.50,000

NO REQUIREMENT OF MAINTAINING SALARY ACCOUNT WITH SBI

Type of Facility : Term Loans & Overdraft

EMI/NMI ratio: Up to 50%

Loan Amount
(i) Term Loan :

Minimum :
Rs.25,000/-
Maximum :
24 times NMI subject to maximum of Rs 15.00 lacs.


(ii) Overdraft :

Minimum :
Rs.5.00 lacs/-
Maximum :
24 times NMI subject to maximum of Rs 15.00 lacs.

Processing Fee : 1% of the Loan amount + Applicable tax.

Interest Rate : Refer to the Interest Rate page

Repayment Period: Upto 60 months or remainder of service, whichever is lower.

Repayment Mode: NACH/SI

No hidden costs.