SBI Xpress Credit Personal loan Application Status online – Find lowest interest rates, documents list, processing fees, repayment options, minimum loan amount, maximum loan amount, foreclosure charges, emi per month.
State bank of India xpress credit loan available for the borrowers – whenever you desire or need, vacation, urgent funds required for medical treatment, Marriage in family, Higher education studies, abroad travels?
| Interest Rates | 10.30% – 13.60% |
| Min. Loan Amount | Rs. 25000 |
| Max. Loan Amount | Upto 30 Lakh |
| Repayment Period | 5 Years |
| Processing Fees | 1% of the Loan Amount + applicable Service Tax |
| Pre Payment Charges | 3.00% on prepaid amount |
| Min. Entry Age | 21 Years |
| Min. Net Monthly Income | Rs.15000 |
SBI Xpress Personal Loan Interest Rates 2024
Scheme Name Check Off Rate of Interest*
A. Applicants of Defence/ Central Armed Police/ Indian Coast Guard |
10.30% – 11.80% |
Applicants of Central Govt./ State Govt./ Police / Railway/ Central Public Sector Enterprises (CPSEs) Considered Under ‘RATNA’ Status |
10.30% – 12.80% |
Applicants of Other Corporates |
11.30% – 13.60% |
XPRESS ELITE SCHEME (Term Loan/ Overdraft)
Salary Account with SBI:
| 2 year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
|---|---|---|
| 7.90% | 2.40% – 3.90% | 10.30% – 11.80% |
Salary Account with another Bank:
| 2 year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
|---|---|---|
| 7.90% | 2.65% – 4.15% | 10.55% – 12.05% |
III. XPRESS LITE SCHEME
1% higher than I. Xpress Credit scheme for all brackets
IV. SBI QUICK PERSONAL LOAN SCHEME THROUGH CLP PORTAL (i.e., https://www.sbiloansin59minutes.com)
(for customer not maintaining salary account with SBI)
0.25% higher than I. Xpress Credit Scheme for all Brackets
V. XPRESS CREDIT INSTA TOP-UP LOANS
| 2 year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
|---|---|---|
| 7.90% | 3.50% | 11.40% |
VI. PRE-APPROVED PERSONAL LOANS (PAPL) TO NON-CSP CUSTOMERS THROUGH YONO
| 2 year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
|---|---|---|
| 7.90% | 5.60% | 13.30% |
SBI Xpress Personal Loan EMI Calculator
SBI Xpress loan calculator is a boon for borrowers who are willing to know how much they have to pay per month as emi or how much loan amount they can get from sbi on the basis of net monthly income.
For use the calculator – follow the process
- Enter Loan amount, you would like to apply
- Enter Interest rates on which you get the loan from bank
- Enter repayment period terms.
- Click on Calculate
- Results will be showed on your inputs by calculator.
Example –
If a borrowers borrow Rs.2 lakh of personal loan amount for 4 years at 13.50% ROI, In that case calculations are coming –
Monthly EMI – Rs.5415.26
Total Interest Amount – Rs.59932.48
Yearly Interest Amount – Rs.14983.12
Eligible borrowers for Xpress Credit Personal Loans are
1. Central and state Government
2. Quasi-Government
3. Central PSUs
4. Profit making State PSUs
5. Educational Institutions of National Repute
6. Selected Corporates
Provision for 2nd Loan
Second Loan can be taken after 1 year of disbursement of the 1st loan provided the 1st loan has been satisfactorily conducted and is regular at the time of sanction of 2nd Loan. There cannot be more than 2 Xpress Credit Loans standing in the name of a borrower. However this is subject to the overall EMI/NMI ratio of 50%
Margin : Nil
Security : Nil
Third Party Guarantee : Nil