Features of SBI Personal Loan
- Loan amount: SBI offers a loan amount as high as Rs. 20 lakh to fulfil various personal needs with a single loan
- Loan schemes: SBI offers specific loan schemes to different categories of borrowers such as pensioners, salaried and self-employed
- Flexible tenure: If you opt for SBI personal loan, you can repay it within a flexible tenure ranging from 6 months to 6 years
- Easy application: SBI Personal loan can be availed online without any hassle. The process involves minimum documentation and quick processing
State Bank of India offers personal loans to pensioned individuals with the following features:
- Can be availed by central or state government pensioners, defence pensioners as well as family pensioners maintaining SBI pension account
- Maximum loan amount that can be sanctioned under SBI Pension Loan scheme is Rs. 14 lakh
- Pensioners should not be aged over 76 years in order to be eligible for this loan.
The following are the specifics of this SBI personal loan for Central and State Government Pensioners:
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