State Bank of India (SBI) Personal Loan

State Bank of India Personal Loan rates are competitive in market but not lowest as per popular belief. Before taking any loans compare Personal Loan Rates of all banks and then take a decision. Enjoy the SBI Advantage : Low Personal Loan Interest Rates. Further, charge interest on a daily reducing balance!! Minimum processing charges; only 1%-2% of loan amount. No hidden costs or administrative charges. No security required.... which means minimal documentationsomething that you had always wanted. No prepayment penalties. Reduce your interest burden and optimally utilize your surplus funds by prepaying the loan (1% of the loan amount will be charged if you repay the loan before 6 months) Long repayment period of up to 48 months.

Salaried (At present, only salaried individuals are covered under the scheme).

Eligibility Criteria
Resident Indian National

Loan Amount
2.50 lakhs in Non Metros 5 lakhs in Metros Upto 10 lakhs where salaried account or current account is with Sbi It is determined by your repayment capacity. Minimum Income: Rs.24,000/in metro and urban centres Rs.10,000/- in rural/semi-urban centres Maximum Loan Amount: 12 times Net Monthly Income for salaried individuals and pensioners subject to a ceiling of Rs.10 lacs in all centres

Documents Required
1). Passport size photograph 2). Proof of official address for self employed individuals and professionals. This can include shop and establishment certificate/Lease deed/Telephone Bill 3). Latest Salary clip and Form 16, in the case of salaried persons.

Max Tenor : 48 months Processing fee : 1% No prepayment charges Personal loan amount can be increased by making your spouse as co borrower.

Interest Rates

Full Name

Select City Ahmedabad Bangalore

Personal Loans Scheme (SBI Saral) SBI Loan to Pensioners

16.75% p.a. 12.25% p.a.

Loans to Employee to Subscribe to 14.00% p.a. ESOPs State bank of India also provides beneficial services in Home Loan, Car Loan, Credit Card, Educational loans, festival loan and Loan Against Property. Other Products from SBI SBI Home Loan SBI Home Finance SBI Personal Loan SBI Card
State Bank Head State Bank State Bank Bhawna, Madame Cama Mumbai-400021 Telephone No. 22029456 or 22029451, Fax no. 22885369. of of 8th IndiaOffice: India, Floor, Road,

SUGGESTION

The most important threat which appears in S.B.I banks are the
competitors in which the major competitor is HDFC bank, having many branches in jaipur itself and thats why it is more convenient for the people to approach that bank. Thus S.B.I bank should expand the number of branches.

In terms of charges also, majority of customers are in favour of SBI. Thus HDFC bank should adopt flexible approach in charges and the charges should be charged according to the customers income, competition and other factors so that they do not loose any genuine customer due to these unfair charges. According to my analysis, majority of customers said that they use S.B.I
BANKS ATM the most for cash withdrawal because its location covers almost all the areas of the city. Thus, S.B.I bank can use this feature as a major tool for advertising and promotion purposes.

Providing best customer service is also one of the advantages for the bank which can be used for promotion purposes so that more and more people attracts towards the bank.