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.
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 or any other Bank
- Minimum Net Monthly Income: Rs. 1,00,000/-
- EMI/NMI Ratio <= 60%
- 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: Upto 1.50% of the Loan Amount (subject to minimum ₹1000/- & maximum ₹15000/-), plus GST (Processing Fee waived upto 31.03.2022 as a special offer)
- Penal Interest @2% p. m would be charged over and above the applicable interest rate on overdue amount for the period of default.
- Prepayment charges of 3% on prepaid amount. No prepayment/ foreclosure charges if account is closed from the proceeds of a new loan account under same scheme.
- Repayment Period:
- Minimum: 6 months
- Maximum: 72 months or remaining period of service (whichever is lower)
Last Updated On : Wednesday, 25-10-2023

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

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Special Personal Loan for Salaried Customers with Monthly Income of Rs. 1 lakh & above

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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