What Documents are Required for Xpress Credit Loan?

While searching for a good personal loan, I learned about the SBI Xpress credit loan. To know about the application process and other details such as the SBI xpress credit loan documents required, I called the bank. An employee informed me that the process is very simple and easy. He also told me about the documents that I needed to submit for the loan. I have added the list of the documents below. 

What are the Documents Required for SBI Xpress Credit Personal Loan? 

As per the executive only salaried individuals, professionals, and pensioners can avail of this loan. The documents required for a SBI Xpress personal loan are as follows. 

• Duly filled

  application form

  submitted along with 2 Passport size photographs.

• Proof of Identity: PAN Card, Aadhaar Card, Driving License, Voter ID (Any one).

• Proof of Residence: Copy of telephone bill, electricity bill, Property tax receipt (Any one).

• Employer ID card copy

• Last six months salary account statement.

• Last six months' salary slip.

These are all the documents that the executive asked me to submit for the personal loan. I have submitted all the documents and received the disbursed amount a few days back. Hope this helps. 

The SBI Xpress credit loan documents required are as follows:

• Identity Proof : Aadhar card, PAN card, etc.

• Address Proof: Aadhar card, PAN card, etc.

• Income Proof

  • Salaried Employees: Latest Salary Slips (usually last 3 months) and Form 16 (for the last financial year) and bank Statements (showing salary credit for the last 3-6 months).

  • Self-Employed Individuals: Income Tax Returns (ITR) for the last 2-3 years, Profit and Loss Statements and bank Statements (for the last 6-12 months).

• Employment Proof - Employment Continuity Proof (Letter from employer, Employee ID Card, etc.) or Business Continuity Proof (Business registration certificate, trade license, etc.)

• Photographs

• Loan Application Form: Duly filled and signed loan application form provided by the bank.

• Signature Proof: Signature verification proof (bank passbook, cheque, etc.)

Statements of existing loans (if any) to ascertain the current liabilities. If a guarantor is required, similar documents of the guarantor might be needed.

Always keep the original documents handy for verification. Different banks might have slight variations in their documentation requirements, so it's advisable to check with the specific bank.

Make sure all the details in your documents are accurate and up-to-date to avoid any delays in the loan processing. This is all about the documents required for SBI Xpress credit personal loan.

Read more

I can tell you the SBI Xpress Credit Loan documents required. I applied for the SBI Xpress Credit loan a few months ago for a family trip abroad. I loved the fact that I was able to avail of this loan so easily and so quickly too. Trust me, the processing of this loan is way faster than other loans. But you should have the correct documents for the same like identity proof, residence proof, bank statement and so on. I will elaborate further about it in this answer.

To apply for an SBI Xpress Credit Loan, I had to provide certain documents as a salaried employee. But I will also tell you the documents you will have to provide if you are in the Defence/ Central Armed Police/ Indian Coast Guard sector.

These are the SBI Xpress Credit Loan documents required.