State Bank of India is a prominent bank in India that provides excellent financial solutions. You can procure a personal loan from SBI to celebrate this Diwali to the fullest. The bank offers Xpress Credit Loan, SBI Pension Loan, and Xpress Power.
This loan is available for employees of the institutions given below who also have a salary account with SBI:
The SBI pension loan is for state or central government, and Defence pensioners not more than 76 years of age who draw pension through one of the SBI branches.
|Pensioners||Age||Maximum loan amount||Repayment Period|
|State and Central government||Up to 72 years of age||Rs.14 lakh||60 months|
|State and Central government||Between 72 and 74 years of age||Rs.12 lakh||48 months|
|State and Central government||Between 74 and 76 years of age||Rs.7.5 lakh||24 months|
|Defence pensioners||Between 72 and 74 years of age||Rs.12 lakh||48 months|
|Defence pensioners||Between 74 and 76 years of age||Rs.7.50 lakh||24 months|
|Family pensioners (including defence)||Up to 72 years of age||Rs.5 lakh||60 months|
|Family pensioners (including defence)||Between 72 and 74 years of age||Rs.4.5 lakh||48 months|
|Family pensioners (including defence)||Between 74 and 76 years of age||Rs.2.5 lakh||24 months|
These loans are available for salaried employees who do not have a salaried account with SBI and are unsecured loans. Employees of State and Central governments, quasi-government organisations, defence organisations, rated corporates, nationally reputed educational institutions, etc., can also apply.
Key features and benefits of the SBI Xpress Power Loan
You can make this Diwali memorable and extra fun-filled by applying for an SBI personal loan. When you take a personal loan during this festive season, you can use the funds for the celebrations. Have you always been planning to renovate your home? Make this wish come true this Diwali by borrowing funds from SBI.
You can get all the details regarding an SBI personal loan on BankBazaar.com. You can visit the SBI personal loan segment on BankBazaar and click on ‘Enquire’. The response time for this is 30 minutes.
You can also ask a representative from SBI if they have any special loan offers for Diwali 2018. You can choose your loan amount and loan tenure by comparing the EMIs through the BankBazaar SBI personal loan EMI calculator. Once you finalise the amount, you can approach any representative at an SBI branch.
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