SBI Bank is offering cheap loans to its customers, these 5 types of loans will be available cheaply

SBI Bank is offering cheap loans to its customers, these 5 types of loans will be available cheaply

State Bank of India offers an exclusive mobile app for customers to apply for a loan for their dream homes through their Android smartphones, making it the quickest and the most convenient way of availing home loan.

This app facilitates:· Get loan eligibility,

· Customize loan quotes as per individual’s requirement
· Retrieve your loan quote at a later date to complete the application process
· Get Instant “Approval-in-Principle”
· Download prefilled application form
· Upload KYC & Income documents
· Schedule appointment with Bank
· Request for “Get a Call Back”
· Track application status
· Notification and alerts for scheduled activities and completed jobs
· Get information regarding product features, document-checklist and rate of interest
· Frequently Asked Questions
• Get Instant Sanction & disbursement of SBI Tatkal e-Personal Loan.

Home loan

SBI is currently lending at only 6.70 per cent. But it is the lowest rate and can vary depending on your property and Sibyl.

Car loan

SBI Bank is currently offering loans at an interest rate of 7.50 per cent. The special thing is, SBI offers car loan facility up to 85 months, which means you can easily repay your car loan gradually.

Overseas Education Loan

Apart from that, if you are planning to study abroad and want to take a loan, you will have to pay EMI at an interest rate of 9.30 per cent.

Pre-approved personal loan

In Pre-Approved Personal Loan you will have to pay interest at the rate of 9.60. It is much less than other banks.

Gold loan

Gold loan at the rate of 7.50 is being given by SBI. A loan of up to Rs 50 lakh can be taken from a bank by pledging gold. You do not have to do much paperwork to get this loan which is why it is a good option for managing money.

*Pre Application Services - 

Product information, approved projects, branch locator, calculators, virtual tour, FAQs, get a call back, etc.
*Online Application - Get quote, view and customize quote, submit application and get instant approval-in-principle letter
*Post Application Services - Track application, download pre-filled application, schedule appointment with the Bank and upload photograph/KYC/income/property documents
*Post Sanction Services - Scheduling an appointment for execution of documents and submit feedback on SBI home loan processes

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Personal Loan

In today’s day and age we all attempt to live our life to the fullest. Infact, we often face challenges to fulfil a specific financial need or desire beyond our capacity. Be it wedding expenses, funds for an emergency, paying off medical expenses or any other payments, you will want to ensure that you have the perfect opportunity to make all your dreams come true. For these visions and much more, we give you the perfect solution to live life your way—Personal Loan.

Home Loan

Home loan/Housing Loan is a lump sum amount of money borrowed from any financial or banking institutions to buy a house. Home loan consists of two types of interest rates named as fixed and floating interest rates. As per the chosen interest rate, consumer repays the loan in form of EMIs for the desired tenure.

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Education Loan

There are numerous banks which offer loans specifically for students who aim study and for those who aim to study abroad. This distinction in the loan has been made keeping in mind the different financial needs that arises from studying in India or studying abroad.

Car Loan

There was a time when owning a car was a luxury not all could afford to have. Buying a car was a life milestone for everyone who could shell out those huge amounts of money all at once to buy their dream car. With growing times, changing demographics and emerging car loan lenders, for a majority of the Indian middle class, owning a car today is no longer a luxury, but in fact a necessity made possible by taking a car loan.

Credit Card Loan

The uses of credit cards are many. Starting from cashless transactions to reward points and special deals, you can use credit card anywhere across the globe. Also, cardholders can avail pre-approved loans on credit cards within or over their credit limit. Similar to the usual loan schemes, the issuer essentially loans you the amount which you will be able to repay at a later date while being charged a definite interest rate.

Bikes Loan

If you’re looking to take a loan to buy a motorbike, check out the various two-wheeler loans available to you. Take a look at some of the banks that offer you these loans. Compare interest rates, processing fees, and your EMIs. Install App on to find out the best option for you.

Business Loan

Businesses need ample amount of investment to fund for start-up expenditures or pay for business extensions. For such purposes, companies take out business loans for their financial assistance. It is a debt which a company is obligated to pay back within a specific tenure according to the terms and conditions of the granted loan. Start-up Business loans can be taken for a variety of essential requirements like starting up a new firm, business expansions, dealer and vendor financing etc.

Gold Loan

When a customer pledges gold (including jewelry, ornaments and bank-issued coins) as collateral for taking a loan, it is known as a gold loan. The bank/lender uses the gold as security against potential payment default by the customer. The loan amount sanctioned is a certain percentage of the value of the gold that has been pledged.