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  • SBI Loan against Units of SBI Debt Fund Series is Rated as "Excellent!" by 480 Users
    Personal Loan BYTES FROM OUR KITCHEN

    SBI Loan against Units of SBI Debt Fund Series

    This loan product is a scheme which will provide short term finance to those who require it against their Debt Fund schemes of Fixed Maturities (FMPS).

    Where is the purpose of SBI Loans against units of SBI Debt Fund Series?

    Loan amount can be used for necessities and personal needs of an individual. The loan amount cannot be used to boost sales of another mutual fund. And cannot be used to purchase share and debentures or any other purposes which are speculative in nature.

    What is the eligibility criteria for State Bank of India Loans against units of SBI Debt Fund Series?

    Eligibility criteria for SBI Loans against units of SBI Debt Fund Series:

    • Individuals applying for the loan has to be over 21 years with a steady source of income who are working employees, professionals, self-employed and others who file income tax returns.
    • Engaged in agricultural and allied activities
    • Pensioners of central and state governments, defence establishments, POSUs/ Public Sector Banks.
    • Maximum of 65 years of age
    • The minimum of a net monthly income of a salaried individual should be Rs. 5,000 or in case of a self-employed a net annual income should be Rs. 50, 000.

    Even a Non Resident Indians holding a valid Indian passport with a steady source of income can apply for this loan.

    What are the types of financing available?

    This will be a short term or medium term loan, the margin on the loans will be

    • Short Duration Loan: Loans up to 1 year – 30%
    • Long Duration Loan: Loans above 1 year – 50%

    What is the maximum amount of loan I can avail?

    The loan amount will be at a minimum of Rs. 10, 000 to maximum of Rs. 20 lakhs.

    Subject to:

    • Employees or Pensioners will receive 10 time their net annual income
    • Self Employed will receive 1 year’s net annual income

    What is the rate of interest on State Bank of India (SBI) Loans against units of SBI Debt Fund Series?

    The base rate 9.3%

    The scheme details Interest Rate
    Equity Plus Scheme 15.80% per annum (BR = 9.3% + 6.50%)
    Loans against Shares 12.30% per annum (BR = 9.3% + 3.00%)
    Loans against Debentures 15.80% per annum (BR = 9.3% + 6.50%)
    Loan to employees to subscribe for ESOPs 15.80% per annum (BR = 9.3% + 6.50%)

    What are the documents required for State Bank of India Loans against units of SBI Debt Fund Series?

    Documents required by the bank will be:

    • Completed loan application
    • 3 Passport size photographs
    • Proof of identify
    • Proof of residence
    • Original Salary Certificate from employer - in case of salaried individuals
    • TDS certificate on Form 16 or copy of IT Returns for last two financial years, duly acknowledged by IT Dep’t - - in case of salaried individuals

    What are the terms for State Bank of India Loans against units of SBI Debt Fund Series?

    • The short loan will be divided in 12 monthly instalments either by PDCs or a check of facility applicable or even available for you.
    • The long duration loan will be divided into 36 monthly instalments either by PDCs or a check of facility or even available for you.
    • The processing fees is 0.51% of the loan amount. The minimum of Rs.101.00

    How do I apply for this loan?

    You can apply for this loan against State Bank of India Loans against units of SBI Debt Fund Series from the nearest State Bank of India branch or apply via their website. All you need to do is login with your details and then fill in the online application form

    Can I apply for SBI Loans against units of SBI Debt Fund Series online?

    Yes, you can apply for this loan via the State Bank of India website.

    SBI Loan against Units of SBI Debt Fund Series Reviews

    • SBI Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The state bank of India has approved the required loan amount . The customer support service is good with the SBI and they gave me better response in regards to my personal loan application. The rate of interest and the charges are average with the SBI.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 23, 2018
    • SBI Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan is on going with State Bank of India. I have started this loan 3 years ago and only 24 months left. They processed the loan within couple of days. The customer service and response was very good. They offered a interest rate of 13.5% which was nominal.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 15, 2018
    • SBI Personal Loan
      "Needs Improvement"
      0.5 2.0/5 "Expected more"
      When I was about to avail personal loan from the STATE BANK OF INDIA, they have given me the product explanation and they asked me to fill the application but I haven't filled it, because of their bank norms and they have lot of bank norms and rules which leads the customers disappointing.
      Was this review helpful? 0
      , rayagada
      Reviewed on Feb 12, 2018
    • SBI Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      State Bank of India has also offered me a personal loan. They were supportive and I was able to get my loan with ease. The interest rate and processing charges was also normal. I had no hassles with the after loan services too. The response was timely.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 09, 2018
    • SBI Personal Loan
      "Easy Loan process"
      0.5 5.0/5 "Blown Away!"
      SBI loan process was good, since I am working with govt office, my salary gets credited in SBI. They done fast loan service and gave me attractive interest rate as well. I took amount of Rs. 5 lakhs for the loan period of 48 months. They gave me part payment, foreclosure, balance transaction option. But I paid all the due and closed it.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 08, 2018
    • SBI Personal Loan
      "Interest rate to be reduced"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan with State Bank of India recently. The loan process was faster and immediate. The rate of interest was little high compared to other banks. They charged a processing separately. The total duration is 5 years. I can do the part payment and there is charges for the pre closure.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 08, 2018
    • SBI Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have a personal loan from State bank of india,the service was excellent. The rate of interest offer by State bank of India personal loan department was 13.33 which was fine for me. The process was on time they completed it within 3 days and they offer me with 2.50 lakhs. It was an excellent service from State bank of India personal loan department.
      Was this review helpful? 0
      , jaipur
      Reviewed on Feb 06, 2018
    • SBI Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The process was quick and fast from the STATE BANK OF INDIA personal loan services. The customer support gave me very good response in regards to my personal loan application. They took around a week time to disburse my personal loan amount.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Feb 01, 2018
    • SBI Personal Loan
      "Interest rate is high"
      0.5 4.0/5 "Great!"
      When in need of a personal loan I checked with my regular Bank SBI. They gave me the Loan within 3-4 days. They have offered me an interest rate of 14%, which I feel is a high interest rate. The repayment options of it is quite easy though. It has been an alright experience with them.
      Was this review helpful? 0
      , burdwan
      Reviewed on Jan 25, 2018
    • SBI Personal Loan
      "Rate of Interest is high"
      0.5 3.0/5 "Satisfactory"
      I recently closed this Personal Loan. The overall experience with it has been pretty good. I got the Loan approval immediately. The rate of Interest of them is a little high though. The repayment option of them is quite easy and their customer services is also pretty good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jan 25, 2018
    • SBI Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with SBI was very good, the loan amount was for Rs 4.50 lakhs with the rate of interest of 11.83% which is nominal when compared to other banks. This was pre approved loan so i got the loan immediately. There was no processing fees charged and i pay an EMI of Rs 11000. The tenure of this loan is 5 years and it was a good service from SBI.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 23, 2018
    • SBI Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from SBI and the loan experience was very good. The process was smooth and i received my loan amount within given time. The loan amount was for Rs 5.70 lakhs with the rate of interest of 14.5% which is fine. Customer service was good they followed up on time. The tenure of this loan is 5 years and i have already completed 3 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 22, 2018
    • SBI Personal Loan
      "Good banking"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with State bank of India.The loan amount is three lakhs,rate of interest is nominal as compared to other banks.The tenure is got three years.I pay my EMI amount through net banking banking. Further SBI disbursed the loan amount on time.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 22, 2018
    • SBI Personal Loan
      "Need improvement "
      0.5 1.0/5 "Really Bad"
      State bank of India need to give proper response to the customers who has applied for any kind of product. It is not possible to reach the State bank customer support service and their toll free number. The banking service need to be improved with the SBI.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 16, 2018
    • SBI Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      The State bank of India has disbursed my personal loan within 15days of time. They have approved and disbursed the required loan amount. The rate of interest and the charges are very low with the State bank of India personal loan services. The customer support service was good with the SBI.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 15, 2018
    • SBI Personal Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I have my personal loan with SBI for about 1 year.The loan amount was 2 lakhs and The Interest rate was 9-10% which was very high . The customer service and responses was up to the mark. The loan process was good and the processing fee was high . My overall experience was good.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jan 12, 2018
    • SBI Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I got the personal loan from State bank of India around a year ago. I got the loan amount within a 5 days of time. The customer support is prompt with the State bank and they gave me immediate response in regards to my personal loan application. The rate of interest and the charges are nominal with SBI.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 10, 2018
    • SBI Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken person loan with State bank of India.The loan amount is six lakhs.The rate of interest is nominal as compared to others.I have taken it for ten years.They had taken a minimum processing fees from the loan amount.They had processed the loan after submitting documents.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 09, 2018
    • SBI Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      I have my personal loan with SBI. The loan amount was 2 lakhs and the interest rate was 10-11% bit high than other bank in the market.They have provided door step service for collecting documents. My overall experience was good so I would like to recommend to others.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 02, 2018
    • SBI Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from State bank of India.The loan amount is six lakhs,rate of interest is very low as compared to other banks.The tenure is for two years.The payment is done through online payments.The loan was processed immediately.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 30, 2017
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