Hello! Rakesh I would like to tell you that SBBJ is now State Bank Of India and here I will let you know details of Xpress Credit Personal Loan with interest rates.

Features
They provide personal loans to theemployees of undernoted entitiesmaintaining salary account with us at zero margin, and very competitive interest rates with fast and easy processing:
Central and state Government
Quasi-Government
Central PSUs
Profit making State PSUs
Educational Institutions of National Repute
Selected Corporates who have business relationship with the Bank
Corporates who do not have business relationship with the Bank as well as do not have ECR, subject to certain terms and conditions

Income
Minimum NMI: Rs.5000/-

EMI/NMI Ratio should not exceed 50%

Loan Amount
(i) Term Loan:
Min: Rs.25,000/-

Maximum: 24 times NMI subject to maximum of Rs 15.00 lacs.

(ii) Overdraft:
Minimum: Rs.5.00 lacs,

Maximum: 24 times NMI subject to maximum of Rs 15.00 lacs.

Charges/Fees
Processing Fees
0.5% of the Loan Amount + applicable Service Tax

Penal Interest
Penal Interest @2% p.a. would be charged over and above the applicable interest rate on the overdue amount for the period of default. If part instalment or part EMI remains overdue then penal interest should not be levied.

Prepayment Charges
Any prepayment of EMIs in full or in part and closure of account before the end of term will attract the prepayment charges of 3% on prepaid amount

No prepayment/ foreclosure charges will be applicable if the account is closed from the proceeds of a new loan account opened under the same scheme

Here are the interest rates

Facility Type 2 year MCLR Spread over 2 year MCLR Effective Interest Rate
Term Loan 8.10% 3.80% 11.90%
Term Loan 8.10% 4.30% 12.40%
Term Loan 8.10% 5.90% 14.00%
Term Loan 8.10% 6.40% 14.50%
Overdraft 8.10% 4.05% 12.15%
Overdraft 8.10% 4.55% 12.65%
Overdraft 8.10% 6.15% 14.25%
Overdraft 8.10% 6.65% 14.75%

Xpress Credit Personal Loan interest rates







Address:-
State Bank Of India
18 19, Devdas Kamlleg Block, Synergy Building, Bandra Kurla Complex-Bandra East, Mumbai - 400051, Behind National Stock Exchange

Phone:-
+(91)-80-26599990
18004253800,1800112211