Multiple banks. Different interest rates. Call it a "conflict of interest".
  • Loading your search...
    Close

    Compare, check your eligibility and apply online instantly.

  • SBI Xpress Credit Loan is Rated as "Excellent!" by 526 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN
    rated 4.5/5.0 by 526 users

    SBI Xpress Credit Loan

    When you are need of funds for a medical treatment, a sudden family vacation or any other reason, SBI Xpress Credit Personal Loan may just be your solution.

    • Loan Amount
      • Term Loan: The minimum amount you can borrow is Rs.24,000/-.
      • The maximum amount that you can borrow is 24 times the net monthly income of the applicant (subject to maximum of Rs 15.00 lacs).
    • Overdraft:
      • Minimum: Rs.10.00 lacs,
      • Maximum: 24 times NMI (subject to maximum of Rs 15.00 lacs).
      • The OD will be subject to monthly reduction in DP so that DP becomes NIL in 60 months.
    • Repayment Period:

      The minimum repayment period that a borrower can take is 6 months. The maximum repayment period that he/ she can take is 60 months or residual service period, whichever is less.

    • Margin : Nil
    • Third Party Guarantee : Nil
    • Security : Nil
    • Provision for second loan:
    • A borrower can avail a second loan after 1 year of availing the 1st loan. This is under the condition that the first loan has been satisfactorily conducted and the repayment of the first loan has been regular. Not more than two Xpress Credit Loans can be availed by one borrower. However this is subject to the overall EMI/NMI ratio of 50%.

    SBI Xpress Credit Personal Loan Eligibility

    • The minimum net monthly income that an applicant must be earning to be eligible for the SBI Xpress Credit Personal Loan is Rs.7500/-.
    • EMI/NMI Ratio should not exceed 50
    • SBI Xpress Credit Personal Loan is offered to employees who are employed in the following categories and maintain salary account with SBI at zero margin:
    1. Quasi-Government
    2. Central and state Government
    3. Central PSUs
    4. Educational Institutions of National Repute
    5. Profit making State PSUs
    6. Selected Corporates
    Apply for Personal Loan

    Interest Rate for SBI Xpress Credit Personal Loan

    Scheme Name Check off Rate of Interest
    Xpress Credit Personal Loan Category I: Full Check-off 330 - 380 bps above 2 year MCLR i.e., 12.55% - 13.05% p.a. currently
    Category II: Partial Check-off 430 - 480 bps above 2 year MCLR i.e., 13.55% - 14.05% p.a. currently
    Category III: No Check-off 530 - 580 bps above 2 year MCLR i.e., 14.55% - 15.05% p.a. currently

    Other Charges/Fees for SBI Xpress Credit Personal Loan

    • Penal Interest:

      For loans up to Rs.25, 000, penal interest will not be charged. If the loan amount is more than Rs.25000/-, and the irregularity is more than EMI or instalment amount, for over a month, then penal interest will be charged. The penal interest applicable will be @2% p.a. (over and above the applicable interest rate) on the overdue amount for however long that the default is for. Penal interest will not be levied if part instalment or part EMI remains overdue.

    • Processing Fees: 1% of the Loan Amount + applicable Service Tax
    • Prepayment Charges:

      3% will be charged as prepayment charge on prepaid amount if the borrower prepays EMIs in part or in full and closes the account before the end of term. The borrower will not be charged with prepayment/ foreclosure charges if the account is closed using the proceeds of a new loan account which has been opened under the same scheme.

    SBI Xpress Credit Loan Reviews

    • SBI Personal Loan
      "good service"
      0.5 4.0/5 "Great!"
      I have taken housing loan through SBI , the customer service sis good and i did not face any issue at the time of documentation time . There is no hidden charges with this bank and tenure period is 30year . Loan amount is up to the mark . Processing fee is 1000 rs .
      Was this review helpful? 6
      , jaipur
      Reviewed on Sep 07, 2018
    • SBI Personal Loan
      "Good service "
      0.5 4.0/5 "Great!"
      Got my personal form State bank of India, as the rate of interest is nominal one . Making the payments through Ecs . Got approved as instant approval process. There is no processing fees for the personal loan with tenure period of 4 years . Their customer service and response is good regarding personal loan.
      Was this review helpful? 2
      , bangalore
      Reviewed on Sep 05, 2018
    • SBI Personal Loan
      "Good Banking Service"
      0.5 4.0/5 "Great!"
      I have take personal loan from the sbi which they approved and the amount is reflected in next day ,its instant approve process. As am satisfied with the rate of interest which is quiet nominal one They provided the tenure period of 48 months and i make the payment monthly though ECS.. There is no processing fees also, i have closed this loan
      Was this review helpful? 4
      , hyderabad
      Reviewed on Sep 05, 2018
    • SBI Personal Loan
      "Not a good expereince"
      0.5 2.0/5 "Expected more"
      I have taken a personal for 3 Lacs from the SBI, the experience wasn't good, there were too many formalities and it was also time consuming. They need to ensure a timely approval and processing when it comes to personal loan.
      Was this review helpful? 4
      , mumbai
      Reviewed on Aug 29, 2018
    • SBI Personal Loan
      "good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with SBI and the experience with this bank is pretty good , i did not face any issue at the time of documentation even the process was very quick . Tenure period is 5year and rate of interest is 9% and it is satisfactory . Processing fee is free and i use to pay EMI 15000 per month .
      Was this review helpful? 2
      , hyderabad
      Reviewed on Aug 26, 2018
    • SBI Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from Sbi bank . Am satisfied with the rate of interest which they have provided . There is no processing fees for the loan which is nominal one. I make the payments through Ecs every month . They gave the tenure period of 4 years . They did quick documentation and received the loan.
      Was this review helpful? 8
      , bangalore
      Reviewed on Aug 22, 2018
    • SBI Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with SBI 5 years back.The loan amount was 3 lakhs and he interest rate was quite satisfactory . The customer service and responses was good. The tenure period was 5 years . I had a smooth documentation here and but they have taken much time for the process.
      Was this review helpful? 3
      , bangalore
      Reviewed on Aug 14, 2018
    • SBI Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have take personal loan from the sbi which they approved in 2-3 day and the amount is reflected in next day ,its instant approve process. As am satisfied with the rate of interest which is quiet nominal one They provided the tenure period of 1-5 year and i make the payment monthly though ECS.. There are no processing fees also.
      Was this review helpful? 7
      , hyderabad
      Reviewed on Aug 13, 2018
    • SBI Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience with SBI for personal loan was good, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. Customer service was good and they responded on time. The tenure period for this loan is 5 years.
      Was this review helpful? 7
      , hyderabad
      Reviewed on Jul 31, 2018
    • SBI Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It has been a very good experience with them and i had taken this loan almost 4 months back and the process in getting this loan had been simple and easy. The loan amount which they had provided had been satisfactory. The interest rate with them also had been nominal of 14.4% and the customer support and the staff response had been good as well.
      Was this review helpful? 7
      , chennai
      Reviewed on Jul 26, 2018
    • SBI Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have take personal loan from the sbi which they approved in 2-3 day and the amount is reflected in next day ,its instant approve process. As am satisfied with the rate of interest which is quiet nominal one They provided the tenure period of 10-15 year and i make the payment monthly though ECS.. There are no processing fees also.
      Was this review helpful? 3
      , mumbai
      Reviewed on Jul 25, 2018
    • SBI Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I have taken a personal loan from SBI and my loan experience was good, the loan amount was for Rs 2 lakhs with nominal interest rate when compared to other banks. Customer service was good and they followed up on time. There are no preclosure charges and the tenure period for this loan is 4 years.
      Was this review helpful? 6
      , new delhi
      Reviewed on Jul 17, 2018
    • SBI Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have taken personal loan from the State bank of India which took around 1 week for approval and documentation . Am satisfied with the rate of interest 10.4% which they have provided . They charged Rs 8000 for processing fees with the tenure period of 5 years .Their customer service and service is not up to the mark as i have to do follow up regarding loan.
      Was this review helpful? 8
      , bangalore
      Reviewed on Jul 17, 2018
    • SBI Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      My personal loan was taken with SBI 2 years back.The loan amount was 2 lakhs and the interest rate as very high . The EMI period was 5 years .The process was very slow and they have delayed processing it .The documentation was smooth .hey did not sanction the loan within the committed time. Their processing fee was average in the market.
      Was this review helpful? 13
      , hyderabad
      Reviewed on Jul 14, 2018
    • SBI Personal Loan
      "Very Good Service"
      0.5 4.5/5 "Excellent!"
      I had chosen to go with them since i was holding my salary account from the same bank. The process in getting the loan had been very easy and smooth. The loan amount which they had given had been okay and the interest rate with them had been nominal. There has not been any processing fee which they have charged. Their customer support and the staff responses had been helpful as well.
      Was this review helpful? 9
      , kochi
      Reviewed on Jul 13, 2018
    • SBI Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with SBI 7 years back. The loan amount was 1.57,000 and the interest rate was bit higher than others .The tenure period was 4 years . The customer service and responses was good. They have sanctioned the loan with the committed time. The processing fee was nominal.
      Was this review helpful? 6
      , lucknow
      Reviewed on Jul 07, 2018
    • SBI Personal Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      I had took this loan almost 5-6 months back and the process in getting the loan has been easy and smooth. The loan amount had been easy and smooth and the interest rate with them had been very good. There has not been any issues faced with the banking services of them.
      Was this review helpful? 4
      , chennai
      Reviewed on Jun 28, 2018
    • SBI Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have take personal loan from the sbi which they approved in 1 day and the amount is reflected in next day ,its instant approval process. As am satisfied with the rate of interest which is nominal one of 8.5% They provided the tenure period of 2 year and i make the payment monthly though ECS.. There is no processing fees also,
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jun 26, 2018
    • SBI Personal Loan
      "Not Satisfactory"
      0.5 2.0/5 "Expected more"
      It had not been a good experience with them and the treatment which they are making to their customers should be improved. I had also been using the banking services of them and i had been drawing my salary with the account of them. I suggest that they should be giving a better service to their customers.
      Was this review helpful? 3
      , ranipettai
      Reviewed on Jun 25, 2018
    • SBI Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan from the STATE BANK OF INDIA around 2years ago. The required loan amount has been given and I am satisfied with the loan amount. The rate of interest and the charges are average with the State bank personal loan process.
      Was this review helpful? 9
      , kolkata
      Reviewed on Jun 20, 2018
    Common Loader Icon

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.