Hello, I took a top-up loan from SBI a few months ago and can tell you about the SBI personal loan top up eligibility. The top-up loan is a facility offered by the banks that allows us as a customer to borrow a certain amount over and above the home loan already disbursed.
Once you take the top-up loan, the amount can be used for any of your personal purposes.
What are the SBI Personal Loan Top Up Conditions?
Here are the eligibility criteria needed to avail of the top up loan through SBI.
You need to be either an Indian resident or an NRI.
You need to be aged above 18 years.
You can’t be over the age of 70 years.
The maximum loan tenure is 30 years.
What are the Interest Rates of SBI Top Up Loan?
Here are the interest rates for SBI top up loans based on your CIBIL score.
| CARD RATES (Term Loan) | Campaign Rates (Term Loan) | |||||
| (Current EBR: 9.15%) | ||||||
| CIBIL | EBR+ Effective CRP | Effective Rate | CIBIL | EBR+ | Effective Rate | Concession over |
| Effective CRP | Card Rate | |||||
> = 800 |
EBR+0.40 % |
9.55% |
> = 800 |
EBR -0.05 % |
9.10%* |
45 bps |
750 – 799 |
EBR+0.40 % |
9.55% |
750 - 799 |
EBR -0.05 % |
9.10%* |
|
700 -749 |
EBR+0.60 % |
9.75% |
700 - 749 |
EBR+0.15 % |
9.30%* |
This is all from my side. I hope you’re now aware of the eligibility criteria for a top-up loan at SBI Bank.
Get Up to 40K on 1 Crore SBI Home Loan via NoBroker! Some related information:How to Apply for SBI Top Up Home Loan?
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Authors Of The Question
What is SBI Personal Loan Top Up Eligibility?
cina
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1 Answers
10 months
2024-02-13T12:50:56+00:00 2024-02-15T18:08:21+00:00Comment
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