SBI Personal Loan Eligibility 2021
| Eligibility Criteria | Salaried | Self Employed Professionals |
|---|---|---|
| Applicant Age | 21 – 58 years | 21 – 65 years |
| Minimum Eligible Income | ₹ 24,000 per month | ₹ 5 Lakh gross annual receipts |
| Maximum Eligible Loan | 15x of monthly income | – |
| Maximum Loan Amount Eligibility | ₹ 15 Lakh | ₹ 15 Lakh |
Can I get personal loan if my salary is 20000?
20,000 – Rs. 25,000, chances are the loan EMI amount wouldn’t exceed Rs. 12,500, which is about 50% of your monthly income. While these are general guiding principles for lenders, ensure that you have a good credit score and credit history.
Where do I get my personal loan statement?
After we receive your request for the monthly loan statement, it will be sent to your registered e-mail ID or postal address. Hence, it is vital that you keep your contact information updated with us at all times. The statement will mention how many EMIs you have paid, the balance amount, and other details.
What does the statement number on a personal loan mean?
The statement number tells about the number in the series of statements from the beginning of the loan. Interest Rate: The document will mention the current rate of interest applicable. You have to pay the current EMI based on the recent applicable rate.
Which is the best definition of personal loan?
A personal loan is an unsecured credit that you can avail without pledging any collateral. Unlike other loans, a personal or unsecured loan has easy eligibility criteria, special offers and unrestricted end-use for you to finance your immediate expenses, be it a medical emergency or a foreign trip.
How to apply for a personal loan online?
To get swift approval on the personal loan, apply online with necessary details. Personal loan online applications are approved within minutes from submission. Acquire loan eligibility and furnish the required documents. After that, experts verify the loan application and submitted papers.
