SBI Personal Loan in Chennai

Last Updated : May 4, 2018, 4:49 p.m.

SBI Personal Loan Chennai Interest Rate

SBI Branches in Chennai with IFSC Codes

The branch address, IFSC Code, MICR Code and customer care details of State Bank of India branches located in Chennai are mentioned in the table below:

SBI Personal Loan Contact Number

Just dial 1800 425 3800 from your mobile or landline number so as to be in touch with the customer care executives of the bank. These professionals with their relevant experience and in-depth knowledge solve all your queries, complaints and concerns in the best way.

Eligibility Criteria

The eligibility criteria to apply for a personal loan at State Bank of India in Chennai is as follows:

• Salaried individual of good quality corporate, self- employed engineer, doctor, architect, chartered accountant, MBA with minimum 2 years standing
• Central and state Government
• Quasi-Government
• Central PSUs
• Profit making State PSUs
• Educational Institutions of National Repute
• Selected Corporates
• Pensioners

SBI Personal Loan EMI Calculator

When it comes to a personal loan, how can an EMI Calculator be missed? Yes, this smart and time-saving tool with its simple algorithm and fastest functioning allows you to know the exact amount of monthly installments you need to pay to the bank. You can know about your EMIs, Interest Outgo and Total Amount Payable in the easiest manner online. This tool by taking into consideration the tenure, interest rate and loan amount gives you the exact values within few seconds so that you can take a calculative decision in the future.

To give you better clarity on the same, just take a look at the table below to know about the calculations on a loan amount of ₹4 Lakh, taken for a tenure of 5 years at an interest rate of 14.57% per annum.

Documents Required to Apply

The documentation needed to apply for a personal loan at SBI is as follows:

• Latest Photograph
• Photo Identity of the applicant & the guarantor
• Residence Proof of the Applicant & Guarantor
• Income Proof – Salary slips for last 3 months, ITR/ Form 16 for last 3 years (for salaried)

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About SBI Personal Loan in Chennai

When it comes to personal loans, a borrower looks for a lender that can provide a loan amount which is higher and the rate which is lower. In this segment, SBI personal loans fits in very well since the loan amount is more and the rates offered are one of the lowest interest rates on personal loans. SBI offers personal loans under two categories namely SBI Xpress Credit Personal Loan and SBI Pension/Jai Jawan Pension Loan. The interest rates on both these schemes are affordable. You may also note that on 1st April 2017, SBI announced its merger with its five associate banks namely State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH) and State Bank of Patiala (SBP).

If you have been looking for a bank that can lend you money without digging a hole in your pocket, State Bank of India is the best place for you. So, to apply at Chennai bank branch, have a look at the eligibility criteria, interest rates and documentation needed to apply for this loan.