Personal Loan Scheme: Personal Loan Unsecured

Need Personal Loan? SBH has the right loan for you. Whether you are a journalist or into security service, our loans encompass all.
Personal Loan Scheme: Personal Loan Unsecured
Features
Purpose : General Purpose unsecured loans for individuals, Resident Individual Indians
Eligibility : Category 1. Employees of State/ Central Govt/ Semi Govt./Profit making PSUs with a minimum of 3 years service in the present organization.

Category 2: Employees of Private Sector Companies with SBH 1 to 3 rating who are banking with us are eligible with a minimum of 3 years service in the present organization.

Age :
  1. MIn.21 years
  2. Max 55 years or 36 months prior to superannuation
Loan Amount : Linked to Net Monthly Income(NMI)/ Net Annual Income(NAI) and may be as under:

Category 1 & category 2 customers: 12 times NMI subject to a minimum of ’25,000/- maximum of ’7.5 lacs. However , for a person availing the loan for the first time amount be capped maximum at ’5. 00 lacs.

Quantum of Loan will be subjected to EMI/ NMI ratio as under:

Net Annual Income ` in lacs EMI/ NMI Ratio
Upto including ` 3 lacs Should not exceed 35%
Above ` 3 lacs upto including ` 5 lacs Should not exceed 50%
Above ` 5 lacs Should not exceed 60%
Interest : CLICK HERE to view interest rates
Repayment : 36 EMI
Security : Check Off facility / In case where check Off facility is not available, post dated cheques/ ECS mandate should be invariably obtained.
Type of loan : Demand Loan
Processing chgs : 1% of the advance subject to a minimum of ` 1000/-
Min. Cooling Period : If the loan is closed prematurely a fresh personal loan should be considered only after a min gap of 1 month, from date of liquidation of earlier loan
Prepayment Charges : No prepayment charges
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