SBI Loans – Loans to Finance Your Needs
SBI or State Bank of India is one of the most reputable and government organised banks in India. Even with having plethora of loan products, the bank has also introduced several insurance products in India for prospective customers across the nation. Talking about SBI loans, we come into conclusion that the bank in its decade’s long experience in India has introduced numerous loan products under different categories like SBI home loan, SBI car loan and SBI personal loan, each with its respective features and compatible feature to meet the exact need of potential customers across the country. Hence, sbi loans are of different types and are available for different type of people in accordance with their individual needs. In the following lines, we are featuring essential features of sbi loans.
SBI Home Loan: Home loan from SBI ranges from Rs 30 lacs to more than Rs 75 lacs at interest rate of 10.75% to 11.25%. The home loan of SBI can be used in various purposes like home purchase, home construction, home renovation or home furnishing. Sbi home loan is available on floating and fixed interest rates. You can choose either of the rates as per your budget compatibility and individual need.
SBI Personal Loan: Loan amount from Rs 24000 to Rs 10 lacs is available as SBI personal loan. On the loan amount of Rs 10 lacs, you will be charged annual interest rate of 20% while on the amount of Rs 24000, there is 16% interest rate chargeable. With the help of the loan, you can satiate personal requirements like wedding expenses, travelling expenses or footing medical bills or financing child’s education costs. Processing fees and other charges are also applicable on acquisition of the sbi personal loan.
SBI Car Loan: This type of SBI loan is compatible to those who wish to purchase a new or old car of their choice. With its floating interest rate at 11.5%, SBI covers 85% of the total cost on the purchase of new or old car. The bank requires borrowers to return car loan within maximum repayment duration of seven yrs. Documents and some eligibility criteria also need to follow during acquisition of the loan.
SBI loans are of different types and all of them ensure total compatibility to customer’s financial needs. Further, the bank has maintained it’s customer’s friendly approach to let you undergo hassle free banking experience. You can also apply any one of the loans mentioned above from online. In fact, online application of SBI loan is a convenient way to quick-access to loan of this bank.
SBI loans ensure total compatibility to customer’s mounting needs for different purposes requiring immediate financial assistance. You can avail any one of the SBI loans to sort out certain financial problems. For instance, SBI home loan will benefit you sort out financial trouble at the time of purchasing a new home.
SBI Home Loan: Home loan from SBI ranges from Rs 30 lacs to more than Rs 75 lacs at interest rate of 10.75% to 11.25%. The home loan of SBI can be used in various purposes like home purchase, home construction, home renovation or home furnishing. Sbi home loan is available on floating and fixed interest rates. You can choose either of the rates as per your budget compatibility and individual need.
SBI Personal Loan: Loan amount from Rs 24000 to Rs 10 lacs is available as SBI personal loan. On the loan amount of Rs 10 lacs, you will be charged annual interest rate of 20% while on the amount of Rs 24000, there is 16% interest rate chargeable. With the help of the loan, you can satiate personal requirements like wedding expenses, travelling expenses or footing medical bills or financing child’s education costs. Processing fees and other charges are also applicable on acquisition of the sbi personal loan.
SBI Car Loan: This type of SBI loan is compatible to those who wish to purchase a new or old car of their choice. With its floating interest rate at 11.5%, SBI covers 85% of the total cost on the purchase of new or old car. The bank requires borrowers to return car loan within maximum repayment duration of seven yrs. Documents and some eligibility criteria also need to follow during acquisition of the loan.
SBI loans are of different types and all of them ensure total compatibility to customer’s financial needs. Further, the bank has maintained it’s customer’s friendly approach to let you undergo hassle free banking experience. You can also apply any one of the loans mentioned above from online. In fact, online application of SBI loan is a convenient way to quick-access to loan of this bank.
SBI loans ensure total compatibility to customer’s mounting needs for different purposes requiring immediate financial assistance. You can avail any one of the SBI loans to sort out certain financial problems. For instance, SBI home loan will benefit you sort out financial trouble at the time of purchasing a new home.
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