Hii sir, I wants to get information about the Festival Loan offered by the State bank of India Will you please provide it ?

SBI offers you the unique facility of Festival Loans to help you meet any kind of festival related expenses

Features :

Low interest rates,
Low processing charges,
No hidden costs or administrative charges.
No security required if check off is available which means minimal documentation something that you had always wanted.
No prepayment penalties.

Eligibility for the Loan

Eligibility

An Employee of Govt., PSUs, profit making public/private limited companies/ institutions etc with a minimum of 2 years service OR
Self employed person with minimum 3 years standing/experience OR
A person having regular source of income from verifiable channels like Pension and interest from TDRs/NSCs/Govt. Securities etc
have a net monthly income of Rs.3000/- and above.
Your spouse's income can also be considered in calculating the loan amount provided he/she guarantees the loan or the loan is taken jointly.

Loan Amount

Your festival loan limit would be determined by your income and repayment capacity.
Minimum : Rs.5000/-
Maximum : 4 times your Net Monthly Income, subject to a ceiling of Rs.50,000/-.

Processing Fee
1% of loan amount + applicable Service Tax

For More details you may visit the nearest branch of the State bank of India or you may contact on the Following Helpline number

Customer service: 1800 425 3800