|LOAN AMOUNT||Min. Rs. 10,000 to max. upto 12 times Net Monthly Income for salaried individuals and pensioners subject to a ceiling of Rs.10 lacs in all centres|
|LOAN TENURE||Maximum Tenure of 48 Months|
|PROCESSING FEE||As decided by the bank from time to time|
|GUARANTOR REQUIRED||Please Contact Bank Branch|
|PRE PAYMENT CHARGES||As decided by the bank from time to time|
State Bank Of India is a public sector bank in india with total assets 43195 crore. It has headquarter in Mumbai. State Bank Of India was founded on 01-07-1955. It has 16333 branches and total assets 4319554560 ATMs across India.
It provides all the financial services to its customers like saving deposit, fixed deposit, recurring deposit, home loans, personal loan, car loan, education loan, gold loan, PPF account, lockers, netbanking, mobile banking, RTGS, NEFT, IMPS, E-Wallet, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.
Find details about State Bank Of India which includes State Bank Of India Official Website, State Bank Of India ATMs accross the India, State Bank Of India Branches accross the India, State Bank Of India Contact Numbers, State Bank Of India official EmailID, State Bank Of India Headquarter and State Bank Of India Headquarter Address. Find State Bank Of India two wheeler loan purpos, Eligibility, Margin, Repayment of Personal Loan ,Security, Document Required for Personal Loan from below.
To meet all sorts of financial needs like a holiday trip abroad, household shifting, marriage in the family, payment of credit card bill, repayment of an existing loan, medical emergencies and many more without worrying about keeping any collateral or property.
Any one of the following methods can be used to repay the loan:
(1) Poor Credit Score
Credit score is considered as a measure of credit worthiness of any person. Good Credit Score determines your credibility to repay the loan without defaulting it. Credit score is important for lender to assess the risk of default. Due to poor credit score, many of the personal loan applications get rejected by the lenders. A person having credit score less than 750 may face an issue of his/ her personal loan rejection.
(2) Higher Size of Existing Debt
If you have already taken a lot of loan and the loan to net income ratio is above 40% then the lenders may reject your loan application.
(3) Higher Loan Enquiries
Whenever you apply for a credit, the lender asks for your credit report from the credit bureaus which is called an enquiry. The credit bureau considers such enquiries as hard enquiries and mentions it in your credit report. You yourself should not make too many enquires even if it is available free of cost. Too many enquiries has a negative impact on your credit score.
Pre-payment of Personal Loan always attracts Penalty
It is not true that pre-payment of Personal Loan always attracts penalty. It depends upon lenders to charges any pre-payment penalty. It has been seen that there are many lenders who do not charge any prepayment penalty.
Personal Loan at Lowest Interest Rate is the Best
It is not correct that Personal Loan at lowest interest rate is the best. There are other important components also which matter a lot while selecting best lender for personal loan. These components are processing fee, eligible amount, tenure of loan repayment, service issues, other terms of loan, etc. You need to consider all these components in addition to lowest interest rate.
Hike in Interest Rate increases EMIs of Personal Loan
When these in a hike in interest rate, loans obtained at fixed rate of interest would not affect. In case of floating rate loans also, if you do not want EMIs to go up, you can go for increase in tenure.
Your Personal Loan Application Gets Rejected if you do not have Regular Income
In case you do not have a regular source of income, there are chances when you can get personal loan application approved and can avail personal loan. Loan approval can be given to you if you add a joint holder having a regular income or you can borrow from peer to peer lenders.
Longer Personal Loan Repayment Tenure is Better
It is an assumption that longer personal loan repayment tenure is better as the borrower will need to pay lower EMIs which he/ she can pay comfortably but it is not so. Longer repayment tenure brings higher interest outgo also. You will need to pay interest for longer time period.
Interest Rates are not Negotiable
Interest rates on personal loan vary from customer to customer. Customers with high credit score and good income can negotiate on interest rates with the lenders and can get comparatively lower interest rate loans.
Good Credit Score Guarantees Personal Loan Approval
Carrying good credit score does not guarantee personal loan approval as there are other factors like income, regularity of income, employer, employment type, etc. which the lender consider during loan approval process apart from good credit score.
You cannot Get Personal Loan with Poor Credit Score
Credit Score is just one of the few measures considered during home loan approval process to decide whether to give approval or in the rejection of the loan application. In some cases, your home loan application may be rejected despite having good credit score, if other factors are not up to the mark. With bad credit score, you can get a home loan but probably at higher interest rate. Sanction of home loan also depends on other factors like age of the borrower, income of the applicant, etc.
If major banks are not providing home loan with poor credit score, you may avail the loan from many other cooperatives banks and NBFCs.
|Abhyudaya Cooperative Bank Limited||Ahmedabad Mercantile Cooperative Bank||Akola Urban Coop Bank||Allahabad Bank||Allahabad Up Gramin Bank||Amanath Cooperative Bank Ltd. Bangalore||Andhra Bank||Andhra Pradesh Grameena Vikas Bank||Andhra Pragathi Grameena Bank||Apna Sahakari Bank Limited||Arunachal Pradesh Rural Bank||Assam Gramin Vikash Bank||Au Small Finance Bank Limited||Axis Bank||Bandhan Bank Limited||Bangiya Gramin Vikash Bank||Bank Of Baroda||Bank Of India||Bank Of Maharashtra||Baroda Gujarat Gramin Bank||Baroda Rajasthan Kshetriya Gramin Bank||Baroda Up Gramin Bank||Bassein Catholic Cooperative Bank Limited||Bharat Cooperative Bank (mumbai) Ltd., Mumbai||Bharati Sahakari Bank||Bharatiya Mahila Bank Limited||Bihar Gramin Bank||Bombay Mercantile Co Op Bank Ltd||Canara Bank||Capital Small Finance Bank Limited||Catholic Syrian Bank Limited||Central Bank Of India||Central Madhya Pradesh Gramin Bank||Chaitanya Godavari Grameena Bank||Chhattisgarh Rajya Gramin Bank||Citizen Credit Cooperative Bank Limited||City Union Bank Limited||Corporation Bank||Dcb Bank Limited||Dena Bank||Dena Gujarat Gramin Bank||Dhanalakshmi Bank||Dombivli Nagari Sahakari Bank Limited||Ellaquai Dehati Bank||Equitas Small Finance Bank Limited||Esaf Small Finance Bank Limited||Export Import Bank Of India||Federal Bank||Fincare Small Finance Bank Ltd||G P Parsik Bank||Gramin Bank Of Aryavart||Hdfc Bank||Himachal Pradesh Gramin Bank||Icici Bank Limited||Idbi Bank||Idfc Bank Limited||Indian Bank||Indian Mercantile Cooperative Bank Ltd.||Indian Overseas Bank||Indusind Bank||Jalgaon Janata Sahakari Bank Limited||Jammu And Kashmir Bank Limited||Jammu And Kashmir Grameen Bank||Janakalyan Sahakari Bank Limited||Janalaxmi Coop Bank||Janata Sahakari Bank Ltd||Jharkhand Gramin Bank||Kallappanna Awade Ichalkaranji Janata Sahakari Bank Limited||Kalupur Commercial Cooperative Bank||Kalyan Janata Sahakari Bank||Kapol Cooperative Bank Limited||Karnataka Bank Limited||Karnataka Vikas Grameena Bank||Karur Vysya Bank||Kashi Gomti Samyut Gramin Bank||Kaveri Grameena Bank||Kerala Gramin Bank||Khamgaon Urban Co Op Bank Ltd||Kotak Mahindra Bank Limited||Langpi Dehangi Rural Bank||Laxmi Vilas Bank||Madhya Bihar Gramin Bank||Madhyanchal Gramin Bank||Mahanagar Cooperative Bank||Maharashtra Gramin Bank||Malwa Gramin Bank||Manipur Rural Bank||Meghalaya Rural Bank||Mizoram Rural Bank||Nagaland Rural Bank||Nagar Urban Co Operative Bank||Nagpur Nagarik Sahakari Bank Limited||Narmada Jhabua Gramin Bank||Nasik Merchants Cooperative Bank Ltd.||New India Cooperative Bank Limited||Nkgsb Cooperative Bank Limited||North East Small Finance Bank Limited||Nutan Sahakari Bank Ltd||Odisha Gramya Bank||Oriental Bank Of Commerce||Pallavan Grama Bank||Pandyan Grama Bank||Paschim Banga Gramin Bank||Pragathi Krishna Gramin Bank||Prathama Bank||Pravara Sahakari Bank Ltd||Puduvai Bharathiar Grama Bank||Punjab And Maharshtra Cooperative Bank||Punjab And Sind Bank||Punjab Gramin Bank||Punjab National Bank||Purvanchal Gramin Bank||Rajarambapu Sahakari Bank Ltd||Rajasthan Marudhara Gramin Bank||Rajkot Nagrik Sahakari Bank Limited||Rbl Bank Limited||Rupee Cooperative Bank Ltd.||Sangli Urban Co Op Bank Ltd Sangli||Saptagiri Grameena Bank||Saraswat Cooperative Bank Limited||Sardar Bhiladwala Pardi Pepls Co Bk||Sarva Haryana Gramin Bank||Sarva Up Gramin Bank||Saurashtra Gramin Bank||Shikshak Sahakari Bank Limited||Solapur Janata Sahakari Bank Limited||South Indian Bank||State Bank Of Bikaner And Jaipur||State Bank Of Hyderabad||State Bank Of India||State Bank Of Mysore||State Bank Of Patiala||State Bank Of Travancore||Suryoday Small Finance Bank||Sutlej Kshetriya Gramin Bank||Syndicate Bank||Tamilnad Mercantile Bank Limited||Telangana Grameena Bank||The A.p. Mahesh Cooperative Urban Bank Limited||The Akola Janata Commercial Cooperative Bank Ltd., Akola.||The Cosmos Co Operative Bank Limited||The Goa Urban Co Op Bank Ltd||The Greater Bombay Cooperative Bank Limited||The Jalgaon Peopels Cooperative Bank Limited||The Kapol Cooperative Bank Limited||The Karad Urban Cooperative Bank Limited||The Mapusa Urban Coop Bank Of Goa Ltd||The Mehsana Urban Cooperative Bank||The Nainital Bank Limited||The Shamrao Vithal Cooperative Bank||The Surath Peoples Cooperative Bank Limited||The Thane Bharat Sahakari Bank Limited||The Zoroastrian Cooperative Bank Limited||Tjsb Sahakari Bank Ltd||Tripura Gramin Bank||Uco Bank||Ujjivan Small Finance Bank Limited||Union Bank Of India||United Bank Of India||Utkal Grameen Bank||Utkarsh Small Finance Bank||Uttar Banga Kshetriya Gramin Bank||Uttar Bihar Gramin Bank||Uttarakhand Gramin Bank||Vananchal Gramin Bank||Vidharbha Konkan Gramin Bank||Vijaya Bank||Yes Bank||Zila Sahakari Bank Ltd|