I needed Rs. 1 Lakh, and a friend of mine suggested I opt for a personal loan. Since I have an account in SBI, I planned to opt for the loan from there. So, I called the bank and enquired about the SBI personal loan interest rate for 1 Lakh. The customer executive informed me that the interest rate is the same irrespective of the amount and shared a few details with me.
How Much is the 1 Lakh Loan Interest in SBI?
As I mentioned above, the support staff told me that the interest rate is the same irrespective of the loan amount. He said the interest rate would be between 11.45% to 11.95%. Besides that, he also shared a few details with me, which I have added to the below list.
Particulars | Details |
Minimum Loan Amount | Rs. 1 Lakh |
Maximum Loan Amount | Rs. 30 Lakhs |
Minimum Monthly Income | Rs. 25,000 |
Prepayment Charges | 3% on the prepaid amount |
Minimum Loan Tenure | 6 Months |
Maximum Loan Tenure | 84 Months |
Along with this, he also told me that there are zero hidden costs and the documentation will also be minimal. And that’s about it. I hope you find this information helpful.
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Authors Of The Question
What is SBI Personal Loan Interest Rate for 1 Lakh?
Sanket
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1 Answers
3 days
2024-12-31T16:23:25+00:00 2024-12-31T16:23:25+00:00Comment
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