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SBM Personal Loan
Whether you're planning a dream wedding, thinking of giving a makeover to your house or simply having any other personal requirements, the SBM Personal loan is the perfect financial solution for all your personal projects. SBM offers flexible and competitive interest rates, that will help you to achieve your goals without any hassle quickly. In Addition, its all-purpose financing option makes it convenient and easy for you to implement any personal project that you desire. Don't let your dreams wait any longer, choose SBM Personal loan and make them a reality today.
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SBM Personal Loan
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SBM Personal LoanHere are a few factors
| Location | DELHI-NCR(CP TO 60KM RANGE) |
| CIBIL Score | 700+ |
| Minimum Salary Per Month | 20000/-Per Month |
| Salary Mode | NEFT,IMPS BUT COMPANY NAME MENTION ,COMPANY TRANSFER,RTGS |
| Applicant Age | 25 Year to 65 Year |
| Loan Amount & Tenure | 50000 to 25 Lac (6 Month to 60 Month) |
| Rate of Interest (Type) | 14% to 20% (Reducing) |
| Processing Fees | 1%-4% |
| Processing Mode & TAT | Processing: Online TAT: 1 Day to 4 Days |
| Foreclosure Charges | NO |
| Part Payment Allowed | NO |
| OD Product | NO |
| BT+TopUp | NO |
| Minimum Job Experience | 3 month |
| Current Employer Business Vintage | 1 year |
| FOIR | 65% of Net Salary |
| Whether Co-Applicant Mandatory | No |
SBM Personal Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 14 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,979 |
| Total Interest | ₹ 7,745 |
| Loan Amount + Interest | ₹ 107,745 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,711 | ₹ 3,226 | ₹ 26,937 | ₹ 76,289 | 23.71 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,291 | ₹ 4,520 | ₹ 80,811 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for SBM Personal Loan
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KYC of Applicant (Adhar Card+Pan Card+Passport Size Photo)
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Last 3 month Salary Slip
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Last 6 month Bank Statement in PDF
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Form 16 of last 2 year
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Rent Agreement if rented or Utility Bill if residence is owned
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Sanction Letter of all current running loan if any
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Office ID Card or Official EMAIL ID if any
About SBM Personal Loan
Have you thought about something physical that might grant all of your desires? As far as desires are concerned, there are no restrictions since the power of imagination is limitless. You could fantasize about taking a flight to far-off places on the planet and driving a luxury car.
A personal loan from SBM may be used to satisfy goals like paying for a wedding, a sudden medical need, consolidating debt, or travelling abroad. Despite the fact that you must pay it back, the low-interest rates do not significantly hurt your finances. So, with an SBM Personal Loan, the stage is set for you to begin an amazing period of your life.
Start with SBM Personal Loan in few steps
If you are planning to apply for a personal loan at SBM there are certain details that you should be aware of, Let’s discuss:
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.
FREQUENTLY ASKED QUESTIONS
Yes, SBM Bank Personal Loan is a multi-purpose loan.
The minimum loan amount that you can avail of with SBM Personal Loan is Rs. 50,000.
Yes, the applicant will need to provide collateral to get SBM Personal Loan
The repayment tenure of SBM Personal Loan is up to 30 years based on the applicant's profile.
You can reach out to SBM Bank on 1800 103 3817
The minimum ROI of an SBM Finance Personal Loan is 14% per annum
The minimum ROI of an SBM Finance Personal Loan is 20% per annum
The highest loan amount you can avail with SBM Finance Personal Loan is Rs. 25 Lacs
The minimum loan amount you can avail of with an SBM Finance Personal Loan is Rs. 50,000.
The processing fee for SBM Finance’s loan is 1% of your loan amount.
The minimum repayment tenure of SBM Finance's Personal Loan is 6 months.
The maximum repayment tenure of SBM Finance's Personal loan is 60 months.
Yes, you can apply for an SBM Finance Personal Loan anywhere from India as it holds a PAN India access
The minimum required salary to apply for an SBM Finance Personal Loan is Rs. 20,000 Monthly.
To apply for SBM Finance Personal Loan your Minimum CIBIL score must be 700
No, to apply for SBM Finance Personal Loan your Minimum CIBIL score must be 700
Yes, to apply for SBM Finance Personal Loan your Minimum CIBIL score must be 700
You can go to the official website of SBM Finance or you can also switch to ReferLoan for an easy and smooth loan application process.
Yes, SBM Finance accepts minus CIBIL scores for Personal loans.
The minimum required age to apply for an SBM Finance Personal Loan is 25
The maximum required age to apply for an SBM Finance Personal Loan is 65
No, SBM Finance does not offer funding to the Proprietorship Firm Employees.
No, SBM Finance does not offer funding to the Partnership Firm Employees.
If you plan to apply for an SBM Finance Personal Loan, your minimum employment period must be 3 months.
The minimum vintage of the applicant’s employer must be 1 year to apply for an SBM Finance Personal Loan
No, it is not mandatory to provide a Co-applicant to apply for an SBM Finance Personal Loan
No, SBM Finance doesn’t fund NRIs for Personal Loans.
No, the job profile of the Police is considered as an adverse profile in SBM Finance's Personal Loan.
No, the job profile of a delivery boy is considered an adverse profile in SBM Finance's Personal Loan.
No, the job profile of a municipality is considered an adverse profile in SBM Finance's Personal Loan.
No, the job profile in the Financial consultancy is considered an adverse profile in SBM Finance's Personal Loan.
No, the job profile at Legal Firm is considered an adverse profile in SBM Finance's Personal Loan.
No, the job profile of the Police is considered an adverse profile in SBM Finance's Personal Loan.
No, people in the Gem or Jewellery sector can not apply for SBM Finance’s Personal Loan.
No, partial payments are not allowed with SBM Finance’s Personal Loan.
Yes, Foreclosure is allowed for SBM Finance Personal Loans.
Yes, You can apply for an SBM Finance Personal Loan if you receive your salary through NEFT
Yes, You can apply for an SBM Finance Personal Loan if you receive your salary through RTGS
Yes, You can apply for an SBM Finance Personal Loan if you receive your salary through Company Transfer.
Yes, You can apply for an SBM Finance Personal Loan if you receive your salary through IMPS
No, you can’t apply for an SBM Finance Personal Loan if you receive our salary in cash.
No, you can’t apply for an SBM Finance Personal Loan if you receive your salary through UPI.
It takes 4 days for the disbursement of a personal loan
SBM Finance takes 1 day for the confirmation of a personal loan
Yes, you can apply for an SBM Finance Personal Loan online
The customer care number of SBM Finance is (+91) 022 41624700
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