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
    1% + S.T. 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 354 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    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 Service Tax
    • 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
      "Good Bank"
      0.5 5.0/5 "Blown Away!"
      State bank of India offered the personal loan for the amount of four lakhs. Interest rate was 14%. SBI processed the loan properly and they sanctioned the loan on time without any challenges. I am happy with the bank for the loan I received. They provide good customer service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • SBI Personal Loan
      "Best Service"
      0.5 3.0/5 "Satisfactory"
      The savings interest is average with state bank of India Infact they have decreased it at present. I am holding this SBI savings account for past 7 years. I use net banking with Sbi, which is easy to use and they need to make more customer friendly. I would say it is a good account to use.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • SBI Personal Loan
      "Good Bank for Loans"
      0.5 5.0/5 "Blown Away!"
      About five years back I had received personal loan from SBI in a form of preapproved loan. Interest rate was very low which is around 10% and the documentation part was very simple and I never struggled to produce the documents. And the interesting fact is, the bank credited the loan within seven days to my account.
      Was this review helpful? 0
      , madurai
      Reviewed on Jun 22, 2017
    • SBI Personal Loan
      "Always the best"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan on many occasions from State Bank of India. Every time I approached the bank they were very much responsive and they have processed my application quickly and the loan got disbursement on time and as needed. The deal on the interest rate and charges were very much normal too.
      Was this review helpful? 0
      , jaipur
      Reviewed on Jun 22, 2017
    • SBI Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I am having a very good experience with SBI while I have just placed the inquiry for personal loan.The service provided was excellent and the loan amount is not yet disbursed but apart from that The interest rate offered was around 11.90% and I felt it was a average rate offered and the loan amount I have opted for 5 lakhs rupees
      Was this review helpful? 1
      , rohtak
      Reviewed on Jun 17, 2017
    • SBI Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I had taken the personal loan from State bank of India with an interest rate of 14.1% with no processing fee. The loan process was good with SBI and they promptly done with the loan and disbursed it without any hassles. I do hold salary account with the same bank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 16, 2017
    • SBI Personal Loan
      "Optimize the documentation process"
      0.5 3.0/5 "Satisfactory"
      I have opted for a personal loan with the State bank of India ,the interest rate offered by them was floating also the procedure was pretty lengthy, also like its a kind of tedious process. In addition to the above, the loan amount got disbursed to my account within two weeks of time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 16, 2017
    • SBI Personal Loan
      "Good Bank"
      0.5 5.0/5 "Blown Away!"
      I had taken the personal loan from Stat bank of India. Interest rate for the loan is around 14%. But the loan process is very long. Also the process took one week time. Because millions of customers are there with SBI but the staff is less so they are unable to manage the crowd. Also sometimes they get technical issues. If they increase the number of staff then it will be very good and they can provide a very good service. But the services are good with SBI.
      Was this review helpful? 1
      , vellore
      Reviewed on Jun 15, 2017
    • SBI Personal Loan
      "Best offer"
      0.5 4.0/5 "Great!"
      I am having saving account with SBI, based on that, I approached them for the personal loan, I went to branch and submitted the documents they totally taken 15 days to disburse the loan amount. I took the amount of Rs. 2 lakhs with the interest rate of 13% it is the floating one.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 14, 2017
    • SBI Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      I had closed the personal loan with the State bank of India and the interest rate was around 13% to 14%, which was not okay for me. Customer service is not really good as they are not providing proper response for the queries. But as far as the deposits are concerned it works really good.
      Was this review helpful? 1
      , visakhapatnam
      Reviewed on Jun 08, 2017
    • SBI Personal Loan
      "Hassles free service"
      0.5 5.0/5 "Blown Away!"
      State bank of India is the best plat form for the loans. They provide very good services for the car loan. The rate of interest for the loan will be the best one and it will be very nominal when compared with any other banks. Customer service is not much better.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Jun 08, 2017
    • SBI Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      SBI offered me the personal loan for 1.50 lakhs. Since I hold salary account with them they provided the loan with no other charges like sur charges and processing fee. The interest rate for the personal loan is around 14%. I had done with the loan and planning to avail another loans from any banks.
      Was this review helpful? 1
      , jamnagar
      Reviewed on Jun 07, 2017
    • SBI Personal Loan
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      It was a bad experience with SBI Bank related to the personal loan process I have taken this loan way back it will be alike ten to twelve years before and the loan amount was just 60000 rupees and it was for five years i had a very bad experience for the documentation process and I had placed a request for foreclosure too.
      Was this review helpful? 0
      , alwar
      Reviewed on Jun 03, 2017
    • SBI Personal Loan
      "Loan processed as promised"
      0.5 5.0/5 "Blown Away!"
      Couple of years back I had taken a personal loan from State Bank of India and when I approached the bank for this loan, I was told that the process would take 11 days. There was not much of documents as well needed and as promised I got the loan on the 11th day.
      Was this review helpful? 1
      , guwahati
      Reviewed on May 31, 2017
    • SBI Personal Loan
      "Happy with the service"
      0.5 5.0/5 "Blown Away!"
      I am happy with State bank of India for the personal loan which I had taken recently. The entire loan process was good and I had no issues with them in getting the loan. Interest rate is quite satisfactory. Their response and customer service is good.
      Was this review helpful? 1
      , dimapur
      Reviewed on May 23, 2017
    • SBI Personal Loan
      "Quick & excellent deal"
      0.5 5.0/5 "Blown Away!"
      State bank of India has offered me a good deal on the rate of interest. I got a rate of around 14% and it is a floating rate. I have taken a personal loan and it was a express loan. I got the loan when I needed it. The processing charges was also normal.
      Was this review helpful? 3
      , dindigul
      Reviewed on May 18, 2017
    • SBI Personal Loan
      "Satifactory but Interest rate has to be reduced"
      0.5 4.0/5 "Great!"
      I am a privilege customer of SBI, they sent me the message stating pre approved loan got approved without documents. Hence I reached SBI for the personal loan within five working days they have disbursed the amount. They have mentioned interest rate would 9.5% but if we calculate its coming around rate 17% per annum, SBI has to reduce the interest rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 18, 2017
    • SBI Personal Loan
      "Bitter experience"
      0.5 1.0/5 "Really Bad"
      Its been 2 years I had a personal loan with State bank of India. I had very bitter experience with SBI, because they purposely charged extra charges and late fee in my personal loan . The Rate of interest is very high , which is very equalized with private banks. I don't refer SBI at any cost. Overall it is good not choosing SBI for any products.
      Was this review helpful? 0
      , chennai
      Reviewed on May 15, 2017
    • SBI Personal Loan
      "Average service needs to be improved"
      0.5 5.0/5 "Blown Away!"
      Thrice I had taken personal loan from State bank of India. They normally take around 2 weeks of time to disburse my loan. I am happy with loan amount. Sbi need to be more little more flexible in their interest rates with the salaried employees as I got the normal interest rates. The documentation process should be over looked for the one who already has an existing loan with the same bank. Need to be improve with their Data base too.
      Was this review helpful? 1
      , faridabad
      Reviewed on May 03, 2017
    • SBI Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am having salaried account with State Bank of India. Based on that, my personal loan got approved with state bank of India. They just took 3 days of time to disburse my personal loan. The rate of interest and the processing fee was nominal with State Bank of India.
      Was this review helpful? 3
      , shillong
      Reviewed on Apr 21, 2017
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