SBI Personal Loan in Mumbai

Last Updated : May 4, 2018, 4:51 p.m.

SBI Mumbai Main Branch with IFSC Code

• Branch Name: Mumbai Samachar Marg
• Complete Address: Mumbai Samachar Marg, Horniman Circle Fort, Mumbai, Maharashtra-400023
• IFSC Code: SBIN0000300
• MICR Details: 400002010
• Customer Care Number: 022-22661765

SBI Mumbai Branches with IFSC Codes and Customer Care Number

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

SBI Personal Loan Interest Rates in Mumbai

Personal Loan EMI Calculator

A personal loan EMI calculator is the tool that helps you calculate Equated Monthly Installments. This tool takes into account the basic details of your loan like the loan amount, interest rate (p.a.) and the loan amount. The interest rate used by the calculator is the monthly rate. On the basis of the details as mentioned above, you get to know the EMI, the total interest outgo and the total amount (interest+principal). Here is an example showing the payments you will have to do if you take a personal loan from SBI worth ₹5,00,000 for the tenure of 5 years and an interest rate of 12% p.a.

Eligibility Criteria

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

How to Apply

The process of applying for a personal loan at SBI is simple and quick. For an unsecured personal loan, there is easy documentation and instant approval facility available which saves your time. You can follow the online or offline process whichever you find convenient. You need to fill the loan application form which authenticated personal and professional details and submit it along with the documents checklist at your nearest bank branch or online.

SBI Personal Loan Application Form

In the application form for a personal loan, you must fill in the below-mentioned details:

1. Personal details of the applicant/s
2. Professional details of the applicant/s
3. Loan details (amount and tenure)

Documentation Required

The documents checklist you must keep 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)

You can also read Personal Loan Mumbai

About SBI Personal Loan in Mumbai

State Bank of India (SBI) is one of the most trusted banks in India since its establishment which was 200 years earlier. SBI personal loans (unsecured) can be taken with easy documentation and at one of the lowest interest rates. State Bank of India provides affordable rates on personal loans to help you in managing your financial needs. If you are looking for funds in Mumbai, here is the personal loan details of SBI and also check eligibility now to apply for it at your nearest bank branch. This loan is a multi-purpose loan and can be availed under two categories: SBI Xpress Credit Personal Loan and SBI Pension Loan. Since the rates offered by the bank are low, this product is very popular in Mumbai to fetch finance related needs like wedding, traveling, etc. Also, SBI has recently merged 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), SBI definitely holds an important position in the world.