SBI requires applicants to submit some documents when applying for a personal loan. The SBI personal loan document requirements include the SBI loan application form pdf or hard copy, two passport size photographs, and proof of address, identity and income. The Bank may ask for additional documents from pensioners, salaried individuals and self-employed applicants.
The SBI personal loan documents required are as follows and have to be submitted along with the SBI loan application for a personal loan and two passport size photographs.
Proof of Address:
Photo Identity Proof
Additional documents for Pensioners
Other documents for salaried employees
Other documents required for personal loan in SBI by salaried applicants include:
Also Check: SBI Personal Loan Statement.
There are various crucial factors that the bank verifies before coming to a conclusion about your eligibility for the personal loan. The main factors are:
Additional Info: Also check SBI Net Banking Facility.
Now get Navi personal loan of Rs. 10,000 to Rs. 20 Lakhs at lowest interest rate starting from just 9.9% per annum. Repay in easy instalments of 3 to 72 months. The processing fee ranges from 2.5% to 6% of the sanctioned limit + GST.
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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.
Following is the list for SBI xpress credit loan documents required:
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:
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:
|Minimum Age||21 Years|
|Maximum Age||58 Years|
|Minimum Monthly Income||INR 15,000|
|Total Work Experience||2 Years|
|Years in Current Residence|
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: