SBI Xpress Flexi Personal Loan Interest Rates 2024

SBI Xpress Flexi Personal Loan available for all Salaried customers having Monthly salary of ₹50000/- & above. Whether it’s a wedding or a vacation, unplanned emergency or planned purchase, get an Overdraft facility under SBI Xpress Flexi Personal Loan and withdraw as & when you need.

Festive Dhamaka: Zero Processing Fee till 31st January 2024. Avail now!

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SBI Xpress Flexi Personal Loan Interest Rates 2024

XPRESS FLEXI SCHEME (Overdraft Facility

  • 0.25% higher than I. Xpress Credit scheme for Diamond Salary Package customers and II. Xpress Elite scheme for Platinum Salary Package customers (11.30% – 12.85%)

XPRESS LITE SCHEME

  • 1% higher than I. Xpress Credit scheme for all brackets (11.30% – 14.30%)

Features of SBI Xpress Flexi Personal Loan

  • Overdraft facility up to ₹25 lakhs, with reducing Drawing Power
  • Minimum Repayment period – 6 Months
  • Maximum Repayment period – 6 Year or 72 Months.
  • Facility to deposit surplus funds in the loan account to reduce interest burden
  • Auto liquidation at the end of loan tenure
  • Low personal loan interest rates
  • Low processing charges
  • Minimal documentation
  • No annual maintenance charges
  • No hidden costs
  • No security, no guarantor
  • No pre-payment penalty

Eligibility Criteria for SBI Xpress Flexi Personal Loan

  • Individuals having Diamond & Platinum category Salary Package Account with SBI
  • Minimum Net Monthly Salary: ₹50,000/-
  • Employees working with
    • Central/ State/ Quasi Governments,
    • Defense/ Central Armed Police/ Indian Coast Guard,
    • Central & State PSUs
    • Corporates (Private & Public Ltd.)
  • Loan Amount:
    • Minimum: Rs. 1,00,000
    • Maximum: Rs. 25,00,000, subject to 24 times NMI & EMI/NMI Ratio upto 65%

Processing fee: Up to 1.50% of the Loan Amount (subject to minimum ₹1000/- & maximum ₹15000/-), plus GST (Processing Fee waived up to 31.01.2024 as a special offer).

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