Personal loan Tips: If you need money and are planning to take a loan, then this news is very important for you. At this time, the State Bank of India is easily providing you with a loan of 20 lakhs. The terms and conditions for this are also very few, which makes the process of this loan even easier. You can take this loan without processing fees (SBI personal loan processing fees). You can benefit from this great offer by taking advantage of it quickly. You can use this money to overcome any of your financial emergencies. Let's know about its complete process and terms and conditions.

The loan will be approved without a guarantor-

Usually, while taking every loan, the bank demands a guarantor (bank guarantor rules). It also demands security. Both these things are no less than a challenge for the loan taker, but both these things are not required to take a loan from SBI. The special thing is that the documents are also minimal. But your loan (personal loan interest rates) will be approved. The most important thing in this is that the interest will be applicable on the daily decreasing balance. If you take this personal loan, then you will not have to pay any hidden charges. Apart from this, you can also take other loans.

Rules and conditions for taking a loan -

State Bank of India (SBI) has also made rules for taking a loan of Rs 20 lakh. One year of job is necessary for a personal loan up to Rs 20 lakh and the minimum salary must be Rs 15000. For this, a salary account of any bank can be given. Age also plays a role in this, if your age is 21 to 58 years and you have an account in any bank, then you can propose for a personal loan (how to apply personal loan).

These documents are required -

If you want to take a personal loan from SBI (SBI personal loan terms), then you should have an ITR, apart from this, 6 months salary slip is also required. Also, 2 passport-size photos will be attached. Apart from this, residential proof is required as ID proof. Talking about the period of repayment of personal loans (loan repayment rules), can be repaid from 6 months to six years. The choice of period depends on the customer.

The loan will be available for this work-

If you want to start your own business (Business Loan), then you will get this loan quickly. Its amount will be from 50 thousand to one lakh rupees. This loan is being given by the State Bank of India under the SBI E Mudra Scheme. Small businessmen can benefit the most from this. This scheme of SBI is also in the discussion because, in this scheme, one can apply for a loan online without any documents.

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