State Bank of Bikaner and Jaipur offers\u00a0Personal Loans\u00a0to cater to any need a customer could have, following a customer centric approach to ensure the customer faces no hurdles in any banking need.<\/p>\n
State Bank of Bikaner and Jaipur has personal loans to meet any requirement an individual could have. Monetary emergencies can arise at any point, often sinking the quality of life. This is where a personal loan can come handy, allowing people an alternative option to go through life without a burden on their head. SBBJ offers personal loans for any and all personal needs, with the aim to cater to all the banking needs of a customer.<\/p>\n
The customer-centric approach followed by SBBJ ensures that customers get a host of features when they opt for their personal loan, some of which are mentioned below.<\/p>\n
Multipurpose loans \u2013<\/strong>\u00a0SBBJ offers personal loans for multiple purposes, ranging from weddings to home improvement to vacations, catering to any monetary requirement an individual could have.<\/p>\n High Loan Amount \u2013<\/strong>\u00a0Individuals can obtain high loan amounts for their personal needs, with SBBJ sanctioning loans up to Rs. 15 lakh, ensuring that lack of money doesn\u2019t become a problem. Individuals can get loan amounts up to 24 times their monthly income.<\/p>\n Flexible repayment period \u2013<\/strong>\u00a0SBBJ offers flexible repayment tenures for personal loans. Customers get up to 60 months to clear their loan amount.<\/p>\n Quick approval \u2013<\/strong>\u00a0SBBJ tries to ensure that all legitimate loan applications are approved without any hassles and delays, providing\u00a0quick loan\u00a0relief to customers.<\/p>\n Competitive interest rates \u2013\u00a0<\/strong>SBBJ offers personal loans at extremely competitive rates, ensuring the loan doesn\u2019t become too taxing on customers.<\/p>\n Security Deposit \u2013<\/strong>\u00a0SBBJ offers personal loans without any security in most cases, relying only on post-dated cheques or check off facility.<\/p>\n Low processing fee \u2013<\/strong>\u00a0SBBJ charges a low processing fee equivalent to 1% of the loan amount.<\/p>\n SBBJ offers personal loans for multiple occasions, each fulfilling a specific purpose and coming at a different rate of interest. Benchmarks like MCLR and Base Rate determine the actual payable interest, with a change in them having an overall impact on the interest charged by the bank.<\/p>\n An MCLR benchmark takes factors like operating costs, CRR, repo rate and current fiscal conditions into consideration, providing rates which reflect market conditions. The 1 year MCLR at SBBJ is\u00a09.55% per annum<\/strong>, subject to change over time.<\/p>\n A number of parameters can impact the interest charged by SBBJ, with the table indicating the final MCLR based rates.<\/p>\n Individuals who availed a personal loan before new RBI guidelines (pertaining to MCLR) came into existence can continue paying the old interest or migrate to MCLR based platform. This interest is typically computed after factoring the purpose, amount, tenure and banking relationship of the customer. The final interest can vary from case to case, with this rate determined by SBBJ.<\/p>\n Note<\/strong>: Interest rates mentioned above are valid as of June 15 (2016). These rates are liable to change at the sole discretion of SBBJ, without prior notice. Prospective borrowers should check applicable rates with the bank before applying for a personal loan.<\/em><\/p>\n Individuals who wish to obtain a\u00a0State Bank of Bikaner and Jaipur personal loan<\/b>\u00a0need to meet the following eligibility criteria.<\/p>\n An applicant is also required to furnish the following documents to obtain a SBBJ personal loan.<\/p>\nState Bank of Bikaner and Jaipur Personal Loan Interest Rate<\/h2>\n<\/div>\n
State Bank of Bikaner and Jaipur Marginal Cost of Funds Based Lending Rate (MCLR) (For new borrowers)<\/h3>\n
Personal loan interest rates (MCLR)<\/h3>\n
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\n Parameter<\/strong><\/td>\n Interest Rate<\/strong><\/td>\n<\/tr>\n \n Existing SBBJ customer having a home loan<\/td>\n MCLR + 3.50% = 13.05% per annum<\/td>\n<\/tr>\n \n Borrowers with SBBJ salaried account<\/td>\n MCLR + 3.75% = 13.30% per annum<\/td>\n<\/tr>\n \n Borrowers without salary account<\/td>\n MCLR + 4.25% = 13.80% per annum<\/td>\n<\/tr>\n \n Others<\/td>\n MCLR + 4.50% = 14.05% per annum<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n State Bank of Bikaner and Jaipur personal loan interest rate (Base Rate)<\/h3>\n
State Bank of Bikaner and Jaipur Personal Loan Eligibility Criteria<\/h2>\n<\/div>\n
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