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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."

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

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.

Read more about: sbi personal loan
Story first published: Wednesday, February 17, 2021, 9:23 [IST]
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