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