SBI Personal Loan of 30000

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Written By
Amrita Sinha
Amrita Sinha
Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal finance.
Reviewed By
Amit Prakash Singh
Amit Prakash Singh
Co-Founder, Square Yards & Chief Business Officer, Urban Money
Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

The State Bank of India (SBI) emerges as a reliable companion, offering tailored solutions to meet diverse monetary needs. Among its array of financial products, the SBI Personal Loan stands out as a versatile option, providing individuals with the means to fulfil their immediate financial requirements. The SBI Personal Loan is designed to bridge the gap between your aspirations and reality. This hassle-free borrowing option ensures quick access to funds, empowering you to address unforeseen expenses or pursue personal goals without unnecessary delays. 

SBI 30,000 Personal Loan – Highlights 

Take a look at the highlights for SBI personal loan amounting 30,000. 

Loan Amount  30,000
Maximum Loan Tenure Up to 6 years
Rate of Interest (p.a.) 10.55% p.a.
Overdraft Facility  Available
Pre-Approved Facility  Available

30,000 Personal Loan EMI Up to 6 Years

Take a quick look to learn more about 30,000 personal loan EMIs. 

Loan Tenure Loan Amount Interest Rate (p.a.) EMI
1 Year 30,000 10.55% ₹2,645
2 Years  30,000 10.55% ₹1,392
3 Years 30,000 10.55% ₹976
4 Years 30,000 10.55% ₹769
5 Years 30,000 10.55% ₹646
6 Years 30,000 10.55% ₹564

Comparing 30,000 SBI Personal Loan With Other Banks and NBFCs 

Take a look at the comparison between SBI personal loans and those of other pioneering banking institutions and NBFCs. 

Bank Name Interest Rate (p.a.) Maximum Loan Tenure
SBI 10.55% onwards 6 Years
ICICI Bank 10.50% onwards 7 years
TATA Capital  10.99% onwards 6 years
Kotak Mahindra Bank  10.99% onwards  6 years
Standard Chartered Bank 11.49% onwards 5 years
L&T Finance  12% onwards 4 years

SBI Personal Loan 30,000 – Fees and Charges 

Here are the fees and charges required for an SBI personal loan of 30,000. 

  • The applicant will need to pay 1.50% processing fee of the loan + GST
  • The applicant will need to pay 18% GST 
  • Additional charges that are inclusive of document verification charges and stamp duty charges may also apply

SBI Personal Loan 30,000 Documents Required 

You will need the following documents to apply for a 30,000 SBI personal loan. 

  1. A completely filled loan application form 
  2. The applicant will need to show government-approved documents like Aadhar Card, Voter ID, Driver’s Licence, and Utility bills, along with other documents
  3. For income proof, the borrower will need to show documents like a balance sheet and P&L account, Salary receipts, Bank statements, IT returns, and other documents

30,000 Personal Loan Eligibility Criteria SBI

The 30,000 personal loan eligibility for SBI borrowers is as follows:

  • Qualified Applicants: This encompasses self-employed individuals, salaried professionals, pensioners, and government employees.
  • Age Criteria: Prospective applicants should fall within the age bracket of 21 to 76 years at the time of submitting their application.
  • Minimum Income: The bank will define the stipulated minimum income threshold that applicants are required to meet.
  • EMI/NMI Ratio: To ensure financial prudence, the EMI/NMI ratio must not exceed 50%.
  • Citizenship Requirement: All applicants must hold Indian citizenship to be eligible for consideration.

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Frequently Asked Question (FAQs)

What is the monthly interest rate on a ₹30,000 personal loan from SBI?

The SBI loan for ₹30,000 carries an interest rate starting from 10.55%.

Is it possible to obtain a ₹30,000 personal loan from SBI?

Certainly, you can avail of a ₹30,000 personal loan from SBI if you meet the fundamental eligibility requirements.

How can I secure a ₹30,000 personal loan from SBI without a salary slip?

If you lack a salary slip, reaching out to the bank’s personnel is advisable. However, with a favourable CIBIL score and adherence to eligibility criteria, obtaining a personal loan should be feasible.

What is the recommended CIBIL score for ₹30,000 personal loans from SBI?

A CIBIL score ranging from 700-750 or higher is considered a robust indicator for securing a personal loan of ₹30,000 from SBI. 

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