SBI Xpress Power Personal Loan

• Loan amount: Offering a loan amount upto Rs. 25 lakh, SBI Xpress Power Personal Loan ensures that you have enough funds when you need to pay medical bills, go on a vacation, get married, renovate your home, etc.
• Flexible tenure: You can repay the loan as per your convenience by deciding the repayment period as per your repayment ability
• Minimum documentation: SBI asks only for a few necessary documents like salary proof, ID proof, etc., if you wish to apply for Xpress Power Personal Loan
• No hidden charges:While sanctioning you the loan amount, the bank informs you about all the additional fees and charges that you will be paying and hence saves you from any shock in future

Term Loan Facility

2 year MCLR	Spread over 2 year MCLR	Effective Interest Rate with No Reset
8.10%	3.50% – 5.15%	11.60% – 13.25%

Overdraft facility

2 year MCLR	Spread over 2 year MCLR	Effective Interest Rate with No Reset
8.10%	4.00% – 5.65%	12.10% – 13.75%

Processing Fee	1.50% of the Loan Amount (subject to minimum ₹1000/- & maximum ₹15000/-) plus applicable Tax
Prepayment charges	3% on prepaid amount
Penal Interest	2% p. m would be charged over and above the applicable interest rate on overdue amount for the period of default.

• You should be a salaried individual with no salary account with SBI
• You should be working with Central/State Governments/Defence Establishments, Quasi Government Bodies, PSUs, Educational Institutions of National Repute and Select Rated Corporates
• Your minimum monthly income should be Rs. 50,000
• Your EMI/NMI ration should be up to 50%

• Identity proof: Voter ID, Passport, Pan Card, Driving License, Aadhaar Card
• Address proof: Passport, Ration Card, Aadhaar Card, Bank Account Statement, Driving License, Electricity Bill, Telephone Bill, Sale Deed/Property purchase agreement(for owned properties)
• Income proof: Bank Account Statement, Salary Slips

Paisabazaar.com offers a quick and easy process to apply for SBI Xpress Power Personal Loan online. Just follow the steps to avail funds instantly:

• Click here and fill a form
• Get offers from various banks according to the chances of approval
• Either select bank or call Paisabazaar for assistance
• Fill a form to process your loan application
• Upload documents/schedule document pickup
• Bank’s executive will call for verification
• Approval and disbursal

• You can call the bank at toll- free numbers 1800-425-3800 or 1800-11-2211
• You can send an email to contactcentre@sbi.co.in
• You can visit the nearest branch