When it comes to buying a personal loan, it would not be wrong to say that there are a plethora of lenders available for the same. But, there are few whom you can trust. And, one such leading name of the lender is State Bank of India. Yes, whenever you are in need of finances so as to meet your personal need be it wedding, travelling, home renovation, medical expense or credit card debt, this bank fulfills your need in the least time frame. If we talk about the bank and its product offering, there is no denying the fact that a SBI personal loan is undoubtedly the most selling and highly in demand product being offered by SBI. Moreover, the bank offers you this credit facility at an attractive interest rate of 10.55%-15.65% per annum (secured) and 11.90%-16.55% per annum (unsecured).
Apart from knowing Personal loan EMI Calculator, there are various other factors as well that you should be aware of so as to have a hassle-free loan journey. Yes, factors like loan amount, tenure, fees and charges are also vital for you to know about the same.
So, the bank offers you this credit not only at competitive rates, but ensures that you can avail the same with plenty of other remarkable features and benefits as well. Yes, features and benefits of a lower processing fee simple documentation, flexible tenures and last but not the least maximum loan amount. Well, all this and much more can easily be availed by you, if you are interested in availing this credit facility.
However, one of the biggest USPs of the lender is the fact that it can easily be availed by both salaried as well as self-employed individuals and that too without any security/ collateral required. Yes, this credit facility comes to you with a lot of benefits to choose from. And, getting the same without any collateral or security needed is surely the best thing you have ever asked for.
The bank offers the maximum amount of up to ₹ 24,000- ₹ 15 lakhs. If we talk about the tenure, the lender offers you the same credit for a tenure of up to 5 years along with 1% of the one-time processing fee and nil prepayment charges. Furthermore, the most interesting feature is the fact that the bank won’t ask you the reason of availing the loan , and on top of it, no security/collateral is needed. This is the reason that majority of people prefer to avail the loan being offered by this lender as it not only comes with a lot of features, but from a brand that you can trust blindly.
More to the point, if you are someone who wants to get this credit facility at the lower interest rates, my friend you need to read this article further. Availing a personal loan at competitive rates is something which is not everyone’s’ cup of tea, hence you need to keep your eyes and ears open for the same always. Yes, because there are various factors that can actually help in availing you the loan at lower rates such as:
- A Good CIBIL Score
- Fruitful Relationship with a Lender
- A Good Monthly Income
- Required Age
- Working with Cat-A Company
- Less Monthly Expenses
- Financial Liabilities
- Any Other EMIs/Loan
Well, if you want to avail a personal loan deal at attractive rates, these are the factors on which you need to keep an eye on. These parameters actually play a vital role in allowing you to grab the best personal loan deal. However, one thing that needs to be mentioned here is the fact that to enjoy a hassle-free loan journey, it is important for you to keep a check on all these factors so as to avoid the last-minute hassle in grabbing the best loan deal.
Now, with this article I hope you all must be aware that how SBI personal loan rates can actually influence your loan taking decision, and allows you to crack a deal, which is worth for you. So, hope you have a hassle-free journey next time while you are availing a personal loan being offered by this renowned lender.