Hello friends, I welcome you all to today’s article. Friends, we will give you information about how to take a personal loan from SBI Bank. If you want to take a personal loan from a trusted bank to fulfill your needs in 2025, then SBI Personal Loan can be a great option for you. India’s largest public sector bank, State Bank of India, offers personal loans with low interest rates and easy EMI options. Complete information about which will be given in detail in today’s article so that you can easily take a personal loan from SBI Bank and avail its benefits. But for this you will have to read this article carefully till the end.
What is SBI Personal Loan?
SBI Personal Loan is a type of unsecured loan given to meet personal needs on a fixed basis. There is no need for any collateral or guarantee. You can use this loan for any personal need like medical expenses, travel, marriage, education or any emergency. You can get a loan from SBI Bank ranging from Rs.1000 to Rs.1 lakh. This loan comes with simple interest rates and flexibility which does not affect your repayment capacity.
Eligibility for SBI Personal Loan
- The minimum age of the applicant taking personal loan from SBI Bank should be 21 years and maximum age should be 58 years.
- A good credit score (750 or above) for a personal loan applicant can increase the chances of getting a loan.
- For salaried employees, the minimum income should be Rs. 15,000 per month. If you are a business person, you have to prove higher income.
- You must have at least a few months of steady working experience before applying for an SBI Personal Loan. This is 1 year for salaried employees and at least 3 years for entrepreneurs.
How to take personal loan from SBI Bank online?
- To take a personal loan from SBI Bank, first of all you have to visit the official website of State Bank.
- After that you will have to select the language of your choice and tap your mobile number and enter the captcha code and get verified.
- After that an OTP will come on your mobile number, you will have to verify that OTP by tapping it.
- Then you will have to type your account number and type the amount of loan you want.
- After tapping on the loan amount, you will have to click on the proceed option and after that an OTP will come on your number and after that verification will take place.
- After that, the loan application will open for applying for the loan, in which you will have to fill all the required information correctly.
- You will then need to tap the business address and any other details. This type of business does not require proof, so you will need to tap anything else.
- After filling in all the details, you will have to sign the loan agreement and enter the OTP by typing the Aadhar card number.
- After that the loan amount will be transferred to your bank account.
In this way, you can easily apply online for personal loan from SBI Bank by following all the steps mentioned above and sitting at your home.
conclusion –
Friends, in today’s article, we have given you information about how to take a personal loan from SBI Bank. We have explained its entire online application process in detail so that you can easily take a personal loan from SBI Bank sitting at home and can avail its benefits. Friends, if you all liked this article of today, then do share it.