Multiple banks. Different interest rates. Call it a "conflict of interest".
  • SBI Saral Personal Loan is Rated as "Excellent!" by 676 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

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    Personal Loan BYTES FROM OUR KITCHEN

    SBI Saral Personal Loan

    If the need of the hour is a large amount of money for an emergency like paying medical bills or paying the hefty bills of a wedding, then a personal loan may just be your solution. SBI offers Saral Personal Loan which helps you out in times of financial emergencies.

    Eligibility Criteria for SBI Saral Personal Loan

    Individuals who are salaried in a reputed corporate institution are eligible for this personal loan. Self-employed individuals are also eligible, including doctors, engineers, architect, MBA, chartered accountant, etc. A minimum of two years’ experience in the field is necessary.

    Features of SBI Saral Personal Loan

    • Purpose: The reason for availing a personal loan can be for anything that you require on an urgent basis. For example if you need to pay for some medical treatment, wedding, education, travel, etc.
    • Loan Amount limit: The limit that you can avail as personal depends on your income and repayment capacity. The minimum that you can borrow if you are in a metro/ urban centre is Rs.24,000/- and Rs.10,000/- if you live in a rural/semi-urban centre. The maximum that you can borrow is 12 times your net monthly income in the case of salaried individuals and pensioners. This is subject to a maximum of Rs.10 lacs.
    • Documents Required: As an existing bank customer you will need to produce a passport size photograph and latest salary slip as well as Form 16 from salaried individuals.
    • Security: NIL
    • Margin: SBI does not insist on any margin amount.
    • Repayment: You can repay the full amount that you borrowed in 48 EMIs. If you wish to do so, you can pay more than the EMI amount.

    Charges/Fees of SBI Saral Personal Loan

    • Processing Fees: 2% - 3% of the loan amount and applicable GST
    • Prepayment Charges: You can prepay EMIs in part or in full as well as close the account before the end of term. However, you will have to pay prepayment charge of 3% on prepaid amount. If you close an account from the proceeds of a new loan account which was opened under the same scheme, you will not be charged prepayment/ foreclosure charges.
        

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    SBI Saral Personal Loan Reviews

    • SBI Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting my personal loan from State Bank Of India had been pretty much good where there has not been any issues. The loan amount has been fine and the interest rate was just 12.55%. There was no additional charges which they had made and the loan is still running without facing any sort of hassle.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 21, 2019
    • SBI Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I was taken a personal loan in SBI bank before ten years ago, The verification process was good. As per my expectation I received a loan amount for the tenure of 3 years. The rate of interest and processing fee was nominal at that time. Their service was good. Now I have closed the loan.
      Was this review helpful? 0
      , coimbatore
      Reviewed on May 20, 2019
    • SBI Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had applied for a personal loan with STATE Bank OF INDIA and my application was processed on time. There was no difficulty submitting documents and there was no delay . Well the interest rates is very high to me. Overall i am happy with the services
      Was this review helpful? 0
      , new delhi
      Reviewed on May 20, 2019
    • SBI Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan with the STATE BANK OF INDIA where the documentation process was done quickly and i got the loan on time also the loan amount was nominal provided with this bank. The customer support and responsiveness is good.
      Was this review helpful? 2
      , mumbai
      Reviewed on May 17, 2019
    • SBI Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan with the STATE BANK OF INDIA where the rte of interest was 12.75% with this loan also they have given the good loan amount added on that the customer support is good and they are responsive and helped to get the loan, the duration for repaying is for 60 months.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 17, 2019
    • SBI Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for Personal Loan directly with State Bank Of India .The rate of interest and the processing fee was nominal.The agent gave a clear picture about the loan process.I have received the loan amount on time without any delay .The loan amount was sufficient .I have applied for 56000 for the tenure of 1year and still the loan is on process will close it as early as possible .
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 14, 2019
    • SBI Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      It is a pre approved loan with the STATE BANK OF INDIA personal loan. I am using this loan since from last 4-5 months. The documentation process was simple and they have given the good loan amount also the rate of interest was nominal with this loan.
      Was this review helpful? 4
      , bangalore
      Reviewed on May 13, 2019
    • SBI Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The overall experience i had in getting my personal loan from STATE BANK OF INDIA has been pretty good and easy, the loan amount has been sufficient. The rate of interest with the loan was quite competitive and the charges where nominal as well. The services where good and the loan is still running.
      Was this review helpful? 3
      , new delhi
      Reviewed on May 10, 2019
    • SBI Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had taken a Personal loan from STATE BANK OF INDIA a while back and it is still running. The loan amount was around 3,00,000 and it was sufficient for the purpose. The interest rate with the bank has been quite nominal when compared with the market rate and they had not made any processing fee or any other additional charges.
      Was this review helpful? 8
      , chennai
      Reviewed on May 10, 2019
    • SBI Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I applied for a personal loan and it happened to process quick. It took just a week time to get things done. Tenure period and the rate of interest is less here . I applied my loan with STATE BANK OF INDIA . Overall it has been good experience with this bank .
      Was this review helpful? 4
      , kolkata
      Reviewed on May 09, 2019
    • SBI Personal Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I have a personal loan in SBI bank for more than a year. As per my expectation I received a loan amount for the duration of 3 years. The rate of interest is nominal. Processing fee is an applicable of rupees 3000. It is lesser when compare to other banks. The customer service is good.
      Was this review helpful? 3
      , chennai
      Reviewed on May 09, 2019
    • SBI Personal Loan
      "Very lesser interest rate"
      0.5 4.0/5 "Great!"
      In SBI , I taken a personal loan six months before . They taken just four days for sanctioning the loan and I got a good customer service from them . They even given me a lesser interest rate being a regular customer to them . Because other banks were demanding for higher interest rates .
      Was this review helpful? 3
      , kolkata
      Reviewed on May 09, 2019
    • SBI Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      It was a fine experience with SBI for personal loan, the process was smooth and i received my loan amount within few days . Customer service was good and they responded on time. Rate of interest was nominal when compared to others. Loan amount is satisfactory and the tenure period was sufficient .
      Was this review helpful? 4
      , new delhi
      Reviewed on May 08, 2019
    • SBI Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have been using my personal loan with state bank of India long time, the loan amount they have given me was sufficient for me and the rate of interest they have charged me was nominal, and processing fee they have charged was also nominal , overall service was good.
      Was this review helpful? 3
      , new delhi
      Reviewed on May 05, 2019
    • SBI Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have previously taken my personal loan with State bank of India , the loan amount was sufficient but the rate of interest they have charged to me was very high they have charged me up to 14.75% which was very high comparing to other bank, and second thing is that they said that if i want to take loan then it is mandatory to take insurance , they said if i will not take they will not give loan to me ,due to emergency i had to take.
      Was this review helpful? 6
      , visakhapatnam
      Reviewed on May 04, 2019
    • SBI Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      One years above I took one personal loan from state bank of India , and their allover service is good , only two days I got loan amount , and my loan amount is 3L, and tenure is 3 years , EMI amount is 10k , rate of interest is nominal , I am satisfied with this personal loan ,
      Was this review helpful? 4
      , chennai
      Reviewed on May 04, 2019
    • SBI Personal Loan
      "Customer friendly"
      0.5 5.0/5 "Blown Away!"
      I took my personal loan in State Bank of India before six months. The process was very simple. The documentation process was very easy and the loan was delivered within a week. The tenure is 5 years and can do partial payment or foreclosure without any charges.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 02, 2019
    • SBI Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan with the STATE BANK OF INDIA where the loan amount was good and it was satisfactory, the documentation process was simple and easy to get the personal loan. The rate of interest was good and it was nominal.
      Was this review helpful? 3
      , dehradun
      Reviewed on Apr 30, 2019
    • SBI Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had taken my personal loan from STATE BANK OF INDIA a while back and the process in getting the loan was pretty much easy. The interest rate was less when compared with the other banks and the charges has been nominal as well. There hasn't been any sort of hassle faced with the overall experience.
      Was this review helpful? 3
      , mumbai
      Reviewed on Apr 29, 2019
    • SBI Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan with the STATE BANK OF INDIA where the banking process was easy and quick with this bank. They have given the loan amount which was satisfactory also the rate of interest was nominal with this personal loan.
      Was this review helpful? 2
      , mumbai
      Reviewed on Apr 28, 2019
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