I already have an account in the State Bank of India and planning to take personal loan from State Bank of India searching for loan details. Will you tell what the eligibility required to apply for SBI Saral Personal Loan along with Loan Amount also tell what documents needed?

[prince karak]

SBI Saral Personal Loan:

Purpose

The loan will be granted for any legitimate purpose whatsoever (e.g. expenses for domestic or foreign travel, medical treatment of self or a family member, meeting any financial liability, such as marriage of son/daughter, defraying educational expenses of wards, meeting margins for purchase of assets etc.)

Eligibility
You are eligible if you are a Salaried individual of good quality corporate, self employee engineer, doctor, architect, chartered accountant, MBA with minimum 2 years standing.

Loan Amount
Your personal loan limit would be determined by your income and repayment capacity.

Minimum :
Rs.24,000/- in metro and urban centres
Rs.10,000/- in rural/semi-urban centres
Maximum :
12 times Net Monthly Income for salaried individuals and pensioners subject to a ceiling of Rs.10 lacs in all centres

Documents Required
Important documents to be furnished while opening a Personal Loan Account:
For existing bank customers
Passport size photograph
From salaried individuals
Latest salary slip and Form 16
Margin : We do not insist on any margin amount.

Repayment
The loan is repayable in 48 EMI. You are allowed to pay more than the EMI if you wish to,without attracting any prepayment penalty.

Security : NIL

Charges/Fees
Processing Fees :
Processing charges are 2% - 3% of the loan amount + applicable Service Tax

Contact:
State Bank of India
State Bank Bhavan, Madam Cama Road
Mumbai-400021.

SBI Office Phone Number: +91-22-22029456
SBI Office Fax Number: +91-22-22742431