Avail SBI Personal Loan for Government Employees - PowerPoint PPT Presentation

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Avail SBI Personal Loan for Government Employees

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SBI lends customised personal loan for govt employees. It can be availed for addressing short-term and urgent financial requirements like medical emergencies, marriage, etc. – PowerPoint PPT presentation

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Title: Avail SBI Personal Loan for Government Employees


1
Avail SBI Personal Loan for Government Employees
2
SBI Personal Loan for Government Employees
  • For urgent financial needs, SBI provides special
    schemes to government employees through SBI
    Xpress Credit Personal Loan.
  • The maximum amount one can avail through SBI
    Personal Loan for Govt. employees is ? 15 lakhs
    with a loan tenure of up to 4 years.
  • Those who are a government pensioner can avail
    personal loan from SBI of up to ? 14 lakhs with a
    maximum loan tenure of 5 years.
  • The later personal loan is slightly expensive as
    the rate of interest for the same starts at
    12.45.
  • This loan can be used for various reasons like
    wedding, travelling, medical emergencies, etc.

3
Overview
Minimum Term Loan Amount ? 25,000
Maximum Term Loan Amount ? 15 lakhs or 24X of monthly salary
Minimum Overdraft Loan Amount  ? 5 lakhs
Maximum Overdraft Loan Amount ? 15 lakhs or 24X of monthly salary
Minimum Income Required ? 5,000
Required EMI/NMI Less than 50
Duration Up to 5 years
Rate of Interest 11.90 onwards
Prepayment Charges 3 of the prepaid amount
Processing Charges 1 of the loan amount GST
4
Benefits
  • Cheapest Interest Rate.
  • Additional offers on personal loan for State,
    Central employees and PSUs employees.
  • Comparatively low processing fee.
  • No processing fee for defence personnel. 
  • Zero hidden cost.
  • Option to avail second loan.

5
Eligibility Criteria
  • Employees working with central, state, PSUs are
    eligible for the personal loan by SBI. 
  • Applicant must have a salary account with any
    branch of SBI.
  • One shouldnt have EMI/NMI ratio of more than
    50. 
  • Applicant should meet the age criteria which is
    21-58. 
  • The minimum salary criteria is ? 5,000 that every
    applicant needs to meet. 
  • One should have a minimum work experience of 6
    months in the current organisation.

6
Documents Needed
  • Application form with passport-sized photos.
  • ID Proof PAN Card/Voter ID Card/Passport/Driving
    License.
  • Address Proof Aadhaar/Passport/Voter ID
    Card/Driving License/Electricity or Telephone
    Bill (Not more than 3 months old).
  • Processing fee cheque.
  • Last 3 months salary slip.
  • Last 6 months bank statement.
  • Salary certificate with the latest Form 16.

7
SBI Pension Loan
  • SBI has designed a customised personal loan for
    government pensioners.
  • It has several advantages over the other lenders
  • Low processing fee
  • Easy EMIs 
  • Minimal Documentation
  • Loan up to ? 14 lakhs for maximum of 5 years
  • Quick approval
  • Upper age limit 76

8
Eligibility for SBI Pension Loan
  • Applicants age must be below 76.
  • One should be State, Central government pensioner
    or PSU pensioner.
  • Applicant must be drawing his/her pension through
    one of the SBIs branch.
  • Applicant along with treasury needs to give
    consent for not letting his/her pension credited
    in another bank account. 

9
Thank You !!!
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