SBI Personal Loan in Hyderabad

Last Updated : May 4, 2018, 4:50 p.m.

SBI Personal Loan Hyderabad Interest Rate

Eligibility Criteria

The eligibility criteria to apply for a personal loan at State Bank of India in Hyderabad 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

EMI Calculator

So now that you have decided to avail a personal loan from SBI, it is also important for you to know the EMIs of the same. Yes, many people usually don’t pay attention towards the loan repayment, especially the EMIs. It is important for you to know about your monthly installments so that you can plan your monthly expenses accordingly. So, this is here an EMI calculator comes into the picture, allowing you to know your monthly installments in the best way. Talking about an SBI personal loan EMI calculator, this smart device by taking into consideration the loan amount, tenure and interest rate gives you the exact calculations of your EMIs, interest outgo and total amount payable. Let’s just have a better understanding of the same, by looking at an example below.

Suppose, Aniket Gupta, a 30- year-old Manager by profession is looking to avail a personal loan of ₹2,00,000. The best thing is that SBI has agreed to offer him the same loan amount at an interest rate of 12% for a tenure of 5 years. But before saying yes for a loan, Aniket wants to be fully sure about the same, hence has used an EMI calculator for the same to know his monthly installments and interest outgo.So, let’s find out in the table below the EMI and interest outgo of Aniket.

So, as you can clearly see, how this time-saving tool functions and eases the burden by letting you know your monthly installments in the best way.

Documents Checklist

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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SBI Branches with IFSC Codes in Hyderabad

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

SBI Personal Loan Contact Number

In order to be in touch with the executives anytime you want, all you need to do is just dial the helpline numbers, i.e. 1800 11 2211, 1800 425 3800 or 080-26599990. These toll-free numbers are accessible from all the landlines and mobile phones in the country. These bank representatives or the customer care executives are always there to help and to give you the proper assistance in solving all your concerns, queries and complaints. You can contact them 24×7 and get the solutions in no time.

About SBI Personal Loan in Hyderabad

SBI has recently 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). Post this merger, there is a good possibility that SBI will turn into one of the most powerful banks in the banking industry.

Talking about the products offered by the bank, personal loans are one of its kind just like others. SBI offers customized personal loans that are under two categories namely SBI Xpress Credit Personal Loan and SBI Pension/Jai Jawan Pension Loan.

The personal loan at SBI can be availed without any hassle as there is easy documentation involved in the process and the interest rates are also one of the lowest interest rates. So, save your time and money and apply for a personal loan at Hyderabad bank branch. Check eligibility now, calculate EMI with the personal loan EMI calculator and apply now.