In this, instant personal loan approval is done according to the eligibility for wedding, holidays, emergency, planned expenses. Customers get loans at concessional interest rates with minimum documents without any guarantee.

SBI Personal Loan: Who can get benefit

According to the website of SBI, for this customized personal loan of the bank, the customer should have a salary account in any bank. His minimum net monthly salary should not be less than Rs.15,000. The bank says that the person applying for the loan should be an employee of Central, State or Semi-Government, Central or State PSU, Corporate or National level Educational Institutions. In this the EMI/NMI ratio will be less than 50 per cent. According to SBI, no security or guarantee will be required for these personal loan products designed for salaried customers.

SBI Personal Loan: Loan Amount

Under the express credit personal loan scheme of SBI, a minimum term loan of Rs 25,000 and a maximum loan of Rs 20 lakh can be availed. In this, the maximum loan cannot exceed 24 times the net monthly income of the customer or Rs 20 lakh. On the other hand, the overdraft loan amount can have a minimum of 5 lakhs and a maximum of 20 lakhs/24 times NMI. In this, the second loan will be available only when you have repaid the first loan. Also, only those who make regular EMI payments in the first loan will be eligible for the second loan.

SBI loan scheme interest rates

Interest rates under the Xpress Credit Personal Loan scheme for SBI salaried customers will start from 10.90%-12.40% per annum. The bank says that the customer does not have to pay any hidden charges in this. The processing fee will also be very less. The repayment tenure of this special SBI personal loan will be a minimum of 6 months and a maximum of 6 years or the remaining period of service, whichever is less.

(Note: An information about this scheme of SBI has been given. Before applying for the loan under the scheme, please check the interest rate, penalty, processing fee and other KYC related information from the bank.)

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Hence the name of this special service was given as Doorstep Banking Service. However, this facility is not available to everyone and one has to apply for it. Also, some fee has to be deposited as well. Senior citizens, differently-abled, suffering from dangerous diseases, blind, account holders with KYC registration, single or joint account holders and people living within 5 km radius of a bank branch can apply for this service.

SBI has told in a tweet that 3 doorstep banking facility will be given to the disabled customers in a month. A video related to this has also been released in the tweet, with the help of which customers will be able to know about this service easily.

What is Doorstep Banking Service

1. How to take advantage of this service on YONO App
2. Open SBI YONO App
3. Now go to Service Request Menu
4. Select Doorstep Banking Service
5. Place a request for check pickup, cash pickup or other service

Apply for SBI Doorstep Banking

For this, customers of State Bank of India will have to register. State Bank has given toll numbers for this, on which you can register for doorstep banking by calling. You can register for SBI Doorstep Banking by calling 1800 1037 188 or 1800 1213 721.

These facilities are available in doorstep

SBI offers many facilities in doorstep banking. It is divided into three different categories, such as pickup service, delivery service and other services.

1. cash pickup
2. cash delivery
3. check pickup
4. check receipt slip pickup
5. Form 15H Pickup
6. draft delivery
7. Term Delivery, Advice Delivery and Term Deposit Advice Delivery
8. life certificate pickup
9. KYC document pickup
10. Registration at home branch

what happens in this service

Doorstep banking facility is provided only at the home branch of the bank. In doorstep banking, a maximum deposit of Rs 20,000 and withdrawal can be made only up to Rs 20,000. The service charge is Rs 60 plus GST for non-financial transactions and Rs 100 plus GST for financial services. Withdrawal form including check and passbook can be used to withdraw money

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