State bank of India is provides facility for its customer for to take loan from bank. The loan will be granted for any legitimate purpose whatsoever.

The loan at state bank of India is for:
Expenses for domestic orforeign travel, medical treatment of self or a family member, meeting any financial liability,such as marriage of son/daughter, defraying educational expenses of wards, meeting marginsfor purchase of assets etc.

SBI Personal Loan Interest Rates:

SBI Personal Loan Details
Interest Rate 17.65%
Processing Fees 2% to 3% of the loan amount + Service Tax
Loan Tenure 4 years
Pre-closure Charges Nil
Guarantor Requirement No guarantor required

Eligibility for loan:

Customers are eligible if they are a salaried individual of good quality corporate, self employedengineer, doctor, architect, chartered accountant, MBA with minimum 2 years standing.

Loan Amount:
Your personal loan limit would be determined by your income and repayment capacity.

Minimum :
Rs.24,000/- in metro and urban centres
Rs.10,000/- in rural/semi-urban centres

Maximum :
12 times Net Monthly Income for salaried individuals and pensioners subject to a ceiling of Rs.10 lacs in all centres

Documents required for loan:

Important documents to be furnished while opening a Personal Loan Account:
For existing bank customers
Passport size photograph
From salaried individuals
Latest salary slip and Form 16