SBI (State Bank of India) is one of India’s leading national banks, offering various financial products and services to its customers. One of its most popular financial products is personal loans, which are availed by customers to meet their personal financial needs such as home renovation, medical expenses, education, and other purposes.
Here are the top 5 SBI personal loan interest rates for 2021:
1. SBI Xpress Credit Personal Loan: This loan is available at an interest rate starting from 9.60% onwards, with repayment tenure ranging from 6 months to 6 years. This loan can be availed by both salaried and self-employed individuals.
2. SBI Pension Loan: This loan is exclusively designed for pensioners, and the interest rate starts from 9.75%. The loan can be repaid within 84 months or the remaining period of pension, whichever is shorter.
3. SBI Saral Personal Loan: This loan is available at an interest rate starting from 9.75%. The loan amount can range from Rs.10,000 to Rs.10 lakhs and can be repaid up to 5 years. Both salaried and self-employed individuals can avail of this loan.
4. SBI Festival Loans: These loans are designed to cater to the financial needs during festivals, such as Diwali, Dussehra, Christmas, and other festivals. The interest rate starts from 10.50%, and the repayment period can range up to 12 months.
5. SBI Clean Overdraft Facility: This facility is available to salaried individuals who have their salary account with SBI. The interest rate is 10.25%, and the overdraft amount can vary depending on the salary amount.
In conclusion, SBI personal loans offer attractive interest rates, flexible repayment tenure, and easy documentation. You can apply for a personal loan online by visiting SBI’s official website or by visiting your nearest SBI branch. Remember to compare the interest rates and features of different loan options before applying for a personal loan.
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