Multiple banks. Different interest rates. Call it a "conflict of interest".
  • State Bank of India (SBI) Loan against Shares is Rated as "Excellent!" by 623 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    State Bank of India (SBI) Loan against Shares

    Punjab and Maharashtra Co-operative Bank has been serving its customers diligently ever since its inception in 1984, growing from humble beginnings to offer multiple products across the country. Among its popular offerings are its personal loans, designed to cater to any financial emergency an individual could have, ensuring lack of money doesn’t hamper the quality of life one wishes to lead.

    What can this loan be used for?

    This is a general, multipurpose loan which can be used for any genuine personal requirement. Some of its uses are mentioned below.

    • It can be used to pay for wedding expenses
    • Can be used to pay off medical bills
    • Renovating/remodelling the home
    • Vacation
    • Purchasing household utilities, etc.

    Who can avail Punjab and Maharashtra Co-operative Bank Limited Personal Loan?

    This loan can be availed by existing customers of the bank, subject to them meeting certain basic criteria revolving around age and income. A borrower should have a sufficient source of income to repay the loan and should have a steady job/business.

    What are the terms associated with this loan?

    A borrower is expected to provide a guarantor/security before availing a loan in most cases.

    What is the maximum loan amount which can be availed?

    The maximum loan amount a borrower can avail is limited to Rs 5 lakh, subject to approval by the bank.

    What is the interest rate charged by Punjab and Maharashtra Co-operative Bank?

    Punjab and Maharashtra Co-operative Bank charges interest as per its discretion and it is advisable to check the interest rate with the bank before applying for a loan.

    What is the repayment period for this loan?

    The loan can be repaid through equated monthly instalments (EMIs) spread over a period of 5 years. Individuals can opt to repay the amount before 5 years also and have the option to repay it in 3 or 4 years as well.

    How can one apply for Punjab and Maharashtra Co-operative Bank Limited Personal Loan?

    Individuals who wish to apply for this loan can do so online, through the official website of the bank by providing their basic information like name, date of birth, bank account number, etc. They can also choose to visit the branch personally and fill up the application form.

    Example

    Mr. Krishna decides to avail a personal loan of Rs 1 lakh from Punjab and Maharashtra Co-operative Bank to clear his medical bills. He avails a loan at an interest rate of 13% per annum with a repayment tenure of 4 years. The amount he will have to pay to clear the loan is mentioned below.

    EMI – RS 2,683

    Total interest to be paid – RS 28,772

    Total payment to clear the loan – Rs 1,28,772

    State Bank of India (SBI) Loan against Shares Reviews

    • SBI Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I applied for personal loan with State Bank Of India directly through Yono app.It is too fast and amount got credited within 5 minutes. Since have salary account with State Bank Of India .The Rate of interest was good and there was no processing fee as well .I have applied for the loan amount of 1 lakh for 3years.
      Was this review helpful? 0
      , cuddalore
      Reviewed on Mar 18, 2019
    • SBI Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The loan amount was good and I took my perosnal loan with SBI by revolving over draft limit. Its been long back and the interest rate is excellent. Its still on going and make the payment time to time. I am really happy with the service. It is a employee loan and it should be repaid within retirement of service.
      Was this review helpful? 3
      , mumbai
      Reviewed on Mar 15, 2019
    • SBI Personal Loan
      "GOOD"
      0.5 3.0/5 "Satisfactory"
      I have taken the personal loan with the STATE BANK OF INDIA the rate of interest with them is higher when compared to the others. The loan amount was 14% with this loan also i am using it from last 3.5 years. The duration for repaying the loan is fro 5 years.
      Was this review helpful? 2
      , kolkata
      Reviewed on Mar 13, 2019
    • SBI Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan with the STATE BANK OF INDIA the loan amount was lesser with this bank also the rate of interest what they have offered is 15-16% which is higher with this bank also added on that the duration for repaying is for 1 year.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Mar 13, 2019
    • SBI Personal Loan
      "Response should be transparent and pro active"
      0.5 4.0/5 "Great!"
      The customer support and response is good in the particular branch in urban area where I am residential is very good but I have dissatisfied experience with other branch. Rural area many people not aware of the available scheme which they are not explaining certainly. They are manipulating the people, any way I got the better interest on my personal loan around 12.95% since I am salary holder of the same bank.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Mar 12, 2019
    • SBI Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      It has not been a good experience with State Bank of India. To my knowledge I have only one loan with the bank, but the bank informed me that I have four loan. If I call the customer care, I do not get a proper response and service. My loan amount is of 6.50 Lakh for the tenure of 48 months. My actual EMI is of 13K but I am paying 15K. The rate of interest is high.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Mar 12, 2019
    • SBI Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience i had with this loan was excellent where the process in getting this loan has been pretty simple. The loan amount which they had provided was sufficient and the interest rate with them has been nominal as well. There was no other extra charges which they had made so far.
      Was this review helpful? 2
      , bangalore
      Reviewed on Mar 12, 2019
    • SBI Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan with the STATE BANK OF INDIA and they have done the documentation process as simple and i got the loan delayed. The loan amount was good also the rate of interest was nominal with this personal loan. The service is very good.
      Was this review helpful? 1
      , new delhi
      Reviewed on Mar 09, 2019
    • SBI Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with State bank of India,The loan amount which they have given me was sufficient,and the rate of interest they have charged me was nominal , and they have charged me processing fee that too was nominal,still this loan is running.
      Was this review helpful? 4
      , chennai
      Reviewed on Mar 08, 2019
    • SBI Personal Loan
      "Best service"
      0.5 4.5/5 "Excellent!"
      I have been holding my personal loan with State bank of India,Their service is good, they have given me sufficient loan amount , and the rate of interest they have charged me was nominal, and even processing fee they have charged me was nominal,overall service is good.Still this loan is running.
      Was this review helpful? 2
      , chhapra
      Reviewed on Mar 08, 2019
    • SBI Personal Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      The experience with this loan was pretty good where the process in getting this loan was really good. The loan amount which they had provided was sufficient and the terms and conditions with them was the best. There was no penalty for finishing the loan as well, the interest rate with them has also been pretty good.
      Was this review helpful? 2
      , guwahati
      Reviewed on Mar 07, 2019
    • SBI Personal Loan
      "GST on processing fees,Interest on EMI need to reduce"
      0.5 2.5/5 "Just OK"
      SBI offers a personal loan with very high ROI including the GST charges , Processing fees to higher . I took for 2 years of tenure . I paid very high amount interest alone for this personal loan . It is big burden for close my personal loan . SBI need to reconsider the loan interest rate .
      Was this review helpful? 11
      , new delhi
      Reviewed on Mar 06, 2019
    • SBI Personal Loan
      "Best interest in the market"
      0.5 5.0/5 "Blown Away!"
      The loan amount is sufficient, I took the amount of Rs. 4.55 lakhs for the loan period five years. From SBI interest rate is good around 9.20% is low compared to other banks. I went to the bank to approach for the loan, the procedure was good within two days it got sanctioned.
      Was this review helpful? 8
      , ahmedabad
      Reviewed on Mar 05, 2019
    • SBI Personal Loan
      "Very Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with STATE BANK OF INDIA. They charge 11.99% rate of interest and it is very satisfactory .The interest rate is pretty much same as that of other banks.Overall the whole process was easy and hassle free. I got my loan within 2 days.
      Was this review helpful? 6
      , thiruvananthapuram
      Reviewed on Mar 03, 2019
    • SBI Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with State bank of India, Their service is good, they have given me sufficient loan amount , and the rate of interest they have charged me was nominal, and even processing fee they have charged me was nominal,overall service is good.
      Was this review helpful? 4
      , bangalore
      Reviewed on Mar 03, 2019
    • SBI Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had taken this loan a long time back and the loan has been closed. They had provided me with a loan amount of 2,00,000 and the interest rate with them was around 12.05%. The charges like the processing fee has been nominal and their customer support has also been helpful.
      Was this review helpful? 8
      , pune
      Reviewed on Mar 03, 2019
    • SBI Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had taken this loan a long time back and the process in getting this loan was simple. The interest rate which they had offered has been nominal when compared with the market rate and there has not been any sort of extra charges which they had made so far. The loan amount which they had provided has been sufficient as well.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Mar 02, 2019
    • SBI Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan with the STATE BANK OF INDIA and i have closed tis loan before one year. They have given with the satisfactory loan amount added on that the rate of interest is good and nominal. The loan is very good also the service is very good.
      Was this review helpful? 7
      , chennai
      Reviewed on Mar 01, 2019
    • SBI Personal Loan
      "Looking for less interest rate"
      0.5 4.5/5 "Excellent!"
      My experience was good with SBI for personal loan, i took this loan back in 2008 with rate of interest of 12% which is very high. Customer service is good and their response is on time. Tenure period for this loan is for 5 years.
      Was this review helpful? 10
      , hyderabad
      Reviewed on Feb 23, 2019
    • SBI Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I got complimentary loan with YONO state bank mobile application. since i had account with this bank from past 18 years,so it is kind of overdraft i got,i got loan in 2 minute,they have fixed the loan amount like for example 10,000 is fix then i can taken full amount, and the rate of interest they have charged me up to 12%, no documents required, only one finger print the loan got approval.
      Was this review helpful? 7
      , visakhapatnam
      Reviewed on Feb 16, 2019
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