Who can apply for a personal loan from SBFC?

If you are a salaried individual or a self-employed individual, you are then eligible to apply for a personal loan from SBFC.

What is the maximum loan amount that I can avail?

The maximum loan amount that you can avail is Rs.10 lakh.

What is the repayment tenure for the personal loan availed by me from SBFC?

The maximum loan tenure for the personal loan offered by SBFC is 5 years.

What are the documents that I will have to submit while applying for a personal loan from SBFC?

The documents that you will have to submit while applying for a personal loan from SBFC are:.Identity proof such as your PAN Card, Aadhaar Card, Passport, etc. Address proof such as Aadhaar Card, utility bills, Passport etc. PAN Card for KYC requirements. Income documents and bank statement for evaluating your loan eligibility. .

Do I need to hypothecate or provide any collateral in order to avail a personal loan from SBFC?

No, you are not required to hypothecate or provide any collateral in order to avail a personal loan from SBFC.

How can I repay the loan?

You will be able to repay the loan via EMI. The EMI will be automatically debited from your bank account via ACH on the due date on which the EMI is to be paid.

Can I prepay my loans early?

Yes, you can prepay your loans. However, there is a prepayment charge levied.

What happens if I miss an EMI payment?

If you delay in paying your EMI, then a bounce and late payment fee is levied. Apart from that your credit score also gets impacted. Hence, it is recommended that you do not delay in paying your EMIs on time.

SBFC Personal Loan

SBFC is a NBFC based in Mumbai which offers various financial products including personal loan to its customers at attractive interest rates.

If you are looking to avail a personal loan for yourself, you can visit the official website of SBFC and apply for a personal loan. The company serves close to 1 lakh customers, has 92 branch networks present in 62 cities in India.

How to Apply for a Personal Loan from SBFC?

The process to apply for a personal loan from SBFC is given below:

Step 1 - Visit the official website of SBFC.

Step 2 - Click on the 'Personal' section.

Step 3 - You will be directed to a separate page where you will have to click on 'Click here to apply personal loan'.

Step 4 - You will be redirected to another page.

Step 5 - You will have to select the maximum loan amount that you wish to avail, the repayment tenure, and you will also have to specify the monthly income that you generate.

Step 6 - Based on the details provided by you, you will be able to check the monthly EMI you will have to pay.

Step 7 - You will also have to state the purpose of availing the loan where you will have to click on a drop-down box in order to select the reason. You can click on 'Others' if your reason is not mentioned.

Step 8 - Click on 'Next'.

Step 9 - In the next step you will have to enter your personal details. You will be asked to enter your full name, email ID, mobile number, PAN number, date of birth, your gender, and your marital status.

Step 10 - Click on 'Next'.

Step 11 - You will then have to upload the necessary documents and follow the instructions given. Once all the documents have been submitted, the lender will verify them and if they are found to be correct, they will immediately disburse the loan amount to your bank account.

Other alternative methods to Apply for a Personal Loan from SBFC

Some of the other alternative methods that you can use to avail a personal loan from SBFC are given below:

You can contact the company's sales team by calling on the number 011 4926 1400.
You can also apply for a personal loan from SBFC by sending an email to customercare@sbfc.com.

How to Continue with Previous Application?

If due to any reason you could not complete the process related to your application, you can always come back and complete the process by following the steps given below:

Visit the official website of SBFC.
Click on the 'Personal' section.
You will be directed to a separate page where you will have to click on 'Click here to apply personal loan'.
You will be redirected to another page.
Under 'Continue with Previous Application', enter your mobile number and click on 'Continue'.
Follow the instructions and you will be able to complete the application for a personal loan within minutes.
You can also follow the same process to check the status of your application.

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FAQs on SBFC Personal Loan

Who can apply for a personal loan from SBFC?
If you are a salaried individual or a self-employed individual, you are then eligible to apply for a personal loan from SBFC.
What is the maximum loan amount that I can avail?
The maximum loan amount that you can avail is Rs.10 lakh.
What is the repayment tenure for the personal loan availed by me from SBFC?
The maximum loan tenure for the personal loan offered by SBFC is 5 years.
What are the documents that I will have to submit while applying for a personal loan from SBFC?
The documents that you will have to submit while applying for a personal loan from SBFC are:
Identity proof such as your PAN Card, Aadhaar Card, Passport, etc. Address proof such as Aadhaar Card, utility bills, Passport etc. PAN Card for KYC requirements. Income documents and bank statement for evaluating your loan eligibility.
Do I need to hypothecate or provide any collateral in order to avail a personal loan from SBFC?
No, you are not required to hypothecate or provide any collateral in order to avail a personal loan from SBFC.
How can I repay the loan?
You will be able to repay the loan via EMI. The EMI will be automatically debited from your bank account via ACH on the due date on which the EMI is to be paid.
Can I prepay my loans early?
Yes, you can prepay your loans. However, there is a prepayment charge levied.
What happens if I miss an EMI payment?
If you delay in paying your EMI, then a bounce and late payment fee is levied. Apart from that your credit score also gets impacted. Hence, it is recommended that you do not delay in paying your EMIs on time.

Important Personal Loan Pages

Personal Loan Eligibility by Banks

Personal Loan Interest Rates by Bank

Personal Loan EMI Calculator by Bank

Personal Loan Customer Care by Bank

Personal Loan Status Track by Bank

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