- Loan tenure: From Rs. 1 lakh to Rs. 50 lakh
- Instant loan disbursement
- 24*7 availability
- Offered to individuals with a salary account with the bank
- Real-time sanction, digital documentation and real-time disbursement at Digital Document Execution (DDE) enabled States/ UTs.
- Real-time sanction on YONO, document execution and single click disbursement at selected branch
- Processing fees: Up to 1.50% of the loan amount
SBI Xpress Credit Loan
State Bank of India offers SBI Xpress Credit, a special personal loan scheme, up to Rs. 50 lakh and for tenures of up to 7 years. This personal loan is offered to salaried individuals having a salary account with SBI. The bank provides quick loan approval and instant loan disbursal with minimum documentation to the applicants availing SBI Xpress Credit personal loan.
State Bank of India offers SBI Xpress Credit, a special personal loan scheme, up to Rs. 50 lakh and for tenures of up to 7 years. This personal loan is offered to salaried individuals having a salary account with SBI. The bank provides quick loan approval and instant loan disbursal with minimum documentation to the applicants availing SBI Xpress Credit personal loan.
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4.5/5
15.6L Reviews
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₹65k Cr+Loans Disbursed
Wide Choice
Curated offers from 30+ lenders
Quick Disbursal
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Digital Process
Hassle-free & paperless
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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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How Can I Apply for a Personal Loan Online?
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Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
Features of SBI Xpress Credit Personal Loan
SBI Xpress Credit Loan Interest Rate
SBI has not disclosed the specific interest rate for the SBI Xpress Credit Loan scheme. However, applicants can avail regular personal loans offered by SBI starting from 10% to 15% p.a. The final rate of interest is influenced by many factors, including the credit score of the borrower, income, employment profile, debt-to-income ratio and more.
Fees and Charges
Also know the personal loan processing fee charged by various lenders
Eligibility for SBI Xpress Credit Personal Loan
Additionaly, SBI may also consider the credit score of its applicants while setting the eligibility for SBI Personal Loan.
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SBI Xpress Credit Personal Loan Documentation
While SBI has not disclosed the specific documents required for the loan scheme, they may ask for general documents needed for a personal loan as mentioned below.
How Can I Apply for a Personal Loan Online?
Get up to ₹40 Lakh in 5 Simple Steps
Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
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