State bank of India is now offering SBI Quick Personal Loan Scheme through CLP portal for all customer whether they are having salary account with SBI Or not.

Product features

Purpose
Any personal purpose other than speculative purpose

Eligible Employer
Central & State Government
Quasi Government
Central & State PSUs
Corporates (Private & Public Ltd.)
Educational Institutions of National Repute (Institutions covered under SBI Scholar Loan Scheme & Whitelisted
Institutes under Student Loan Scheme)

Net Monthly Income
Minimum Rs.15,000/-

Loan Amount
Minimum: Rs.24,000/-
Maximum: Rs.20,00,000/- subject to 24 times NMI

EMI/ NMI
less than 50%

Age Limit
21 – 58 years

Repayment Period

Maximum 72 months or residual service period whichever is less

Processing Fee
1.50% of the loan amount plus GST (Minimum Rs.1000, Maximum Rs 15000)

CIC Score (CIBIL)
Minimum 670 (CIBIL Credit Vision Score)

Checklist of Documents
Application form (To be downloaded from CLP & duly signed by customer)
2-passport size photographs
Latest month Salary Slip
Proof of Identity & Current/ Permanent Address, as per Bank’s KYC guidelines

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