SBI Personal Loan Documents

The personal loan documents SBI requires include the SBI personal loan form, two passport size photographs, and proof of address, identity and income. If you wish to close your loan before the decided tenure, you will have to submit SBI personal loan closure letter format along with the prepayment charges. The documents requirement may change according to the personal loan type. For example SBI Kavach personal loan documents required can be different from the documents required for SBI xpress credit loan.

• Latest salary slips of the last 3 months.
• Latest Form 16 and Income Tax Returns.
• Bank account statement showing salary credit for the last 6 months.
• Pensioners will be required to show the copy of their Pension Payment Order.

Following is the list for SBI xpress credit loan documents required:

• Duly filled and signed SBI personal loan form pdf or hard copy. 
• 2 recent passport size photographs are to be submitted along with the Xpress Credit loan application form.
• Identity proof, such as a copy of Passport, PAN Card, Voter ID, Aadhaar Card, or Driving License (any one).
• Address proof, such as a copy of Passport, recent Telephone Bill/ Electricity Bill, Property Tax Receipt, or Voter ID Card (any one).
• A copy of the Identity Card issued by the employer.
• Bank statements of the recent 6 months of the account where salary is credited.
• Salary slips of the last 6 months.
• Income Tax Returns.
• An irrevocable letter of authority by someone authorised to disburse salary.
• An irrevocable letter of authority addressed to the disbursing authority.

The loan eligibility for the personal loan can be improved by availing the loan in joint names with the spouse. The income of the spouse will be considered for computing the loan eligibility. You can also improve the eligibility by maintaining an excellent credit score (750 or above), repaying your existing debts and credit card dues on time (if any), and showing other means of income.

Any of the following documents is valid for SBI  personal loans:

• Voter’s ID Card
• Aadhar Card
• Property Tax Paid Receipt
• Property Registration Document
• Driving Licence
• Utility Bills
• Letter issued by NREGA duly signed by an Officer of the State Government containing the name and address.

No. Getting a SBI 1 lakh loan without documents is not possible. The bank requires certain documents to establish your identity and income.

SBI Personal Loans are accessible for salaried and independently employed clients who need to meet unexpected monetary necessities. A borrower can take a personal loan from SBI for any budgetary requirements like wedding-related costs, foreign travel, abroad training, well-being-related costs, or other financial costs. The advance comes at alluring loan costs.  

SBI gives you a choice to present your application on the web. You essentially need to visit the website, go to the personal loans segment and fill an online application structure by giving every one of the necessary details asked for in the application form. You need to make the application by tapping on the submit button finally. Moving forward, before the bank accepts your application and starts assessing your profile, the bank specialist will reach out to you for additional loan procedures, if any. In any case, one can likewise visit the closest bank branch to your residence and do the necessary formalities offline:

SBI Personal Loan Application Form Download

If you are interested in benefiting from a personal loan from SBI, your initial step is to fill an application form provided at the bank’s official website. It is compulsory for a candidate to present the necessary documents that are asked for to get the loan handled. Nonetheless, to keep away from long lines in the bank, you should simply download the form from the official SBI bank website. You can visit the site of SBI and can, without much of a stretch, download the application form from that portal. Fill in the necessary details, present the information online, or visit the branch close to your residence to proceed with your loan application. 

SBI Personal Loan Status

The candidate can at any time check the status of the application for the personal loan online. All you need to do is simply sign in to the particular record, and within a couple of moments, you can know the specific status of the loan application online.

SBI Personal Loan Customer Care Contact Number

If you have a few questions regarding your SBI personal loan or need personalised communication, you can contact the bank on their helpline no.: 1800 425 3800. The second you dial this number, the bank specialist will make a point to address every one of your questions and grievances and give you the best arrangement.

State Bank of India has set some primary qualification standards depending on which it gives you personal loans. Based on your income bracket, the bank provides a maximum credit limit that you can apply for. For instance, if you earn a salary of INR 15,000/- per month, you are eligible to get a credit sum up to INR 3,00,000/-. Check the following factors to see your eligibility before you opt to apply for the SBI personal loan: 

• Income of the individual
• Monthly expenses and dispense limit
• Other Financial Liabilities (existing loans/EMIs, credit card outstanding)

Indeed, you can utilise your Aadhaar Card as a substantial identity and address proof to apply for a personal loan from SBI. However, alongside Aadhaar Card, you additionally need to submit other documents as well. For example, payslip and other documents mentioned above that SBI may require depends on your candidate profile.

No, you only need to submit the photocopies (typically self-bore witness to) of your KYC document to apply for a personal loan from SBI. SBI needs to cross-check the duplicates with original records when you apply for a personal loan.

Here are some things you can do to improve the eligibility of your personal loan at SBI bank:

• Maintain a high credit score: A credit score is a 3-digit number that mirrors your previous reimbursements. Consequently, the higher the CIBIL score, the higher the shots of being qualified for a personal loan. On the off chance that your CIBIL score is low, you should initially consider further developing it and afterwards applying for a personal loan.
• Pay your credit card bills and loan EMIs on time: When you cover your credit card bills and advance EMIs on schedule, it demonstrates that you are focused on your accounts, and this works on your qualification for new loans/credit cards later on.
• Reduce your existing debts: If you have existing obligations through existing personal loans or neglected credit card obligations, it is fitting that you focus on reducing these before applying for new unsecured credit.