SBI Customers Can Now Get Quick Approval Of Personal Loan: Check How

For customers looking for an instant loan with instant approval, the State Bank of India (SBI) has come up with a new Xpress Credit personal loan service. SBI customers can now receive quick clearance and instant disbursement with limited paperwork through SBI's Xpress Credit Personal Loan, whether it is a marriage, planned or unplanned holidays or an unexpected crisis. To apply for the Xpress personal loan, all the customers have to give either a missed call or SMS from their registered mobile number. As per the recent tweet, SBI says that: "All it takes is an SMS, to begin with your personal loan process. SMS on 7208933145."

Key takeaways of SBI Xpress Credit Personal Loan

• One can get a loan amount of Rs 20 lakhs
• SBI Xpress Credit Personal Loan comes with a low-interest rate of 9.6%
• Interest on daily reducing balance
• Low processing fees
• Minimal paperwork
• Zero hidden charges
• Availability for a second loan
• No guarantor or security required

Eligibility required

By following the below-given eligibility criteria SBI customers can get quick loan approval:

• He or she must have a salary account with SBI
• He or she must have a minimum income of Rs 15,000 per month
• Employees employed at Central PSUs or state PSUs, Educational institutions of India and Specified companies with or without a bank partnership.
• One can get a minimum and maximum loan amount of Rs 25,000 to Rs 20 lakh

SBI Xpress Credit Personal Loan Interest Rate

The interest rate of this loan is currently capped at 9.6%

Missed call service

To apply for SBI's Xpress Credit Personal Loan, give a missed call on 7208933142 from your registered mobile number. To get more details about the loan or to apply through the SBI contact centre, you can dial 1800-11-2211.

SMS service

By typing "PERSONAL" and sending it to 7208933145 you will get an instant call back from SBI contact centre regarding your loan request.