Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 SBI Saral Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    12.90% - 14.90% Floating
    0.5% + applicable tax One time fee
    25K - 15L
    5 Years
    Response Time : Within 30 minutes
    Documents
    Perks
    Think about
    Eligibility Criteria
    SBI Saral Personal Loan is Rated as "Excellent!" by 436 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    SBI Saral Personal Loan

    Apply for 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.

    SBI Saral Personal Loan Reviews

    • SBI Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I have taken a personal loan service from SBI and the interest rate they offered me was 12.4 which was fine compare to others the loan amount they offered me was 3k the process was very fast they completed it within one day and the documents have been submitted directly it was a good experience with SBI for my personal loan service.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 17, 2017
    • SBI Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken personal loan of Rs 3 lakhs from SBI few years back, it was overall a good loan insurance. The customer service was good and they responded on time. The process was very smooth and the loan amount was approved within a week. The rate of interest was nominal when compared to other banks.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 15, 2017
    • SBI Personal Loan
      "Very Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with SBI 10 years back . The loan amount was 75,000 and the interest rate was 14% which was high in the market. The customer service and responsiveness was good. They have sanctioned the loan with the committed time and they hvae provided door step service for collecting document. My overall experience was very good so Its recommendable.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 15, 2017
    • SBI Personal Loan
      "Rate of Interest was high"
      0.5 4.0/5 "Great!"
      The experience with State Bank of India in regards to my Personal was a good one. I got the Loan for really emergency usage and they provided me with a good loan. Only thing I felt let down was with their Rate of Interest of 14%, which I feel is a little high.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Nov 11, 2017
    • SBI Personal Loan
      "Interest rate should be reduced"
      0.5 3.0/5 "Satisfactory"
      I have approached SBI bank for my personal loan since my salary account is maintained with them. I just inquired to check my eligibility and interest rates. Rate of interest is little bit expensive compared to CITI Bank. Customer service is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 11, 2017
    • SBI Personal Loan
      "Good bank for loan"
      0.5 4.5/5 "Excellent!"
      I had not chosen SBI for the top up loan because i thought of giving a try else where, that is why i preferred to take Fullerton services not SBI. Infact, I did not even approach SBI for the top up loan. When I was doing an online search I got to know that Fullerton is offering a fair deal and therefore I had opted for their services. What ever amount I had got from Fullerton, I am planning to utilize the part of the amount for paying off my current debt with SBI and the rest for my son's education.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 11, 2017
    • SBI Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      The response was not up to the mark with State bank of India. I got the personal loan from State bank around 6 years ago, the customer support haven't gave proper response in regards to my personal loan application. They took around 2 months to disburse my loan amount, they took very longer time to disburse my loan amount. The rate of interest and the charges are nominal with Sbi personal loans.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Nov 11, 2017
    • SBI Personal Loan
      "Hassle free"
      0.5 5.0/5 "Blown Away!"
      Based on my salary account I got the personal loan from SBI, they gave me best interest around 12.3% but offer would be generally 14%. They gave me preclosure, part option I could close my loan any time without any charges. Benefits of the personal loan its good.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 09, 2017
    • SBI Personal Loan
      "Good service"
      0.5 2.0/5 "Expected more"
      I previously applied for the personal loan from SBI, my loan application was approved and the requested amount was disbursed. The loan amount was for 5 lakhs with the rate of interest of 14% which is high when compared to other banks. The customer service was good and they responded well. The process was smooth and the loan amount was approved within 10 days.
      Was this review helpful? 0
      , roorkee
      Reviewed on Nov 09, 2017
    • SBI Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I have taken the personal loan service directly from their home branch the process was very fast with SBI compare to others in the market also the verification procedure is easy process as I already I have my salary account with SBI the documents was simple but the disbursement it took one week but overall it was good experience with SBI on my personal loan service.
      Was this review helpful? 0
      , kanchipuram
      Reviewed on Nov 08, 2017
    • SBI Personal Loan
      "Unhappy with the services"
      0.5 2.0/5 "Expected more"
      The process for the personal loan has not been up to the mark with State Bank of India. The paper work is much and the process is also very much lengthy. They are also pretty high on the interest rate and charges. I would not want to recommend the same.
      Was this review helpful? 0
      , burdwan
      Reviewed on Nov 04, 2017
    • SBI Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      State Bank of India is excellent in the banking process. I have taken a personal loan and they have been perfect all through the process. The interest rate and processing charges are reasonable and the after loan services are also good and satisfactory.
      Was this review helpful? 0
      , kannur
      Reviewed on Nov 04, 2017
    • SBI Personal Loan
      "Personal loan with SBI"
      0.5 5.0/5 "Blown Away!"
      From SBI i have taken a personal loan of 2 lakhs. The monthly EMI is 7000 with a rate of interest of 11 percentage. The tenure for this loan is for 36 months.The documentation process also done well.There was no processing fee with State Bank of India.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 02, 2017
    • SBI Personal Loan
      "Satisfactory service"
      0.5 3.0/5 "Satisfactory"
      The personal loan service is not up to the mark with state bank of India. They do not give proper response to their customers. The executives are not aware of the product . The product knowledge is very low with Sbi executives. The customer support was average with State bank of India. The rate of interest is high with sbi when compared with others.
      Was this review helpful? 0
      , bareilly
      Reviewed on Oct 30, 2017
    • SBI Personal Loan
      "Slowest procedure"
      0.5 1.0/5 "Really Bad"
      I Had a ok experience with State Bank of India. The whole process took One Month to complete, they dragged the procedure for so many days. I took the loan in the year 2015 and completed it in 2017. Personally I do understandt it's a Governement Bank and run pretty slowly, but then again if they could increase the speed a little would be better.
      Was this review helpful? 0
      , baloda bazar
      Reviewed on Oct 30, 2017
    • SBI Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The State bank of India personal loan service is better,. The customer support is good with SBI. The rate of interest is 14% which is very low when compared with other private banks. The required loan amount has been given and i am satisfied with it.
      Was this review helpful? 0
      , tilda
      Reviewed on Oct 29, 2017
    • SBI Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The SBI has disbursed my personal loan amount within a hour of time. The rate of interest and the charges are nominal with State bank of India. The required loan amount has been given and i am satisfied with it. The fore closure and the part payments options are available with this loan process.
      Was this review helpful? 0
      , begusarai
      Reviewed on Oct 29, 2017
    • SBI Personal Loan
      "Satisfied with the services"
      0.5 5.0/5 "Blown Away!"
      Though HDFC Bank declined my personal loan application for no major reason. State bank of India offered me the loan. I needed the loan amount of five lakhs and I got the loan amount of 5.50 Lakhs from the bank. It was a very nice process and smooth too.
      Was this review helpful? 0
      , kakinada
      Reviewed on Oct 27, 2017
    • SBI Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      State bank took around 5days to disburse my loan amount. The customer support is good with State bank of India. The require loan amount has been disbursed and I am satisfied with it. The rate of interest and the charges are nominal with State bank of India.
      Was this review helpful? 0
      , patna
      Reviewed on Oct 27, 2017
    • SBI Personal Loan
      "Satisfied with the services"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with State Bank of India and the process is on for it. I got a great deal and the customer services are also excellent. The documentation process is normal and there are no hassles or inconvenience. The processing charges are normal too.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 27, 2017
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