SBI Real Time Xpress Credit

1. Government or defense salary package account holders with KYC compliant account are eligible for SBI Real Time Xpress Credit Personal Loan
2. Minimum Net Monthly Income should be Rs 25,000 and above for Real Time Xpress Credit and Rs 1 lakh and above for Real Time Xpress Credit Elite
3. EMI/NMI ratio of the eligible applicant should be up to 65% for Real Time Xpress Credit and less than 60% for Real Time Xpress Credit Elite. The EMIs of the existing loans and that of the proposed personal loan would be factored in while calculating the EMI/NMI ratio.

SBI Xpress Credit (including Pre-Approved Xpress Credit  (PAXC)/ RTXC/ RMP Xpress Credit)

For Defense/Para-military/Indian Coast Guard Salaried Applicants

Types – Term Loan

Interest Rates (p.a.) – 11.45%-12.95%

For DSP-PMSP-ICGSP (Defence Salary Package/Para-military Salary Package/Indian Coast Guard Salary Package)

Document Required

1. Photographs 1
2. PAN card,
3. Aadhar card,
4. I’d card/ canteen card /service certificate
5. Salary slip for last 6 months
6. Form 16 last year

SBI Xpress Credit Personal Loan

Purpose: State Bank of India offers SBI Xpress Credit Personal Loan Scheme to meet the personal requirements of salaried employees having their salary accounts with the bank.

Loan Amount: Up to Rs 30 lakh

Tenure: 6 months-7 years

Cibil Score: 650+ Compulsory