Loans of up to Rs. 10 Lakhs | Instant Approval | Attractive Interest Rates
Avail Instant Personal Loans ✓ Loan up to 25 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation!
Many people avail Personal Loans to meet their financial needs. SBFC Finance Pvt LTD offers Personal Loans with several benefits. Some of the factors that make many choose SBFC Personal Loan is its attractive interest rate and easy repayment options. So why wait! Apply for a SBFC Personal Loan only on Bajaj Markets.
Features and Benefits of SBFC Personal Loan
Loan Amount
You can avail an SBFC Personal Loan of up to Rs. 10 Lakhs.
No Collateral
One of the main painstaking factors of availing any type of loan is that collateral is needed. Typically, collaterals are requested as security. Most often, when an applicant is in a circumstance where Read More they cannot repay a loan, the collateral would be used to settle their finances and close the loan. With an SBFC Personal Loan, you would not have to submit any collateral. Read Less
Easy Loan Repayment Options
You can repay your SBFC Personal Loan over a tenure ranging from 12 months to 60 months. This improves the flexibility of your repayment journey thereby causing less hassle.
Attractive Interest Rates
You can avail of an SBFC Personal Loan with an interest rate ranging from 14.0% and 19.5%. These nominal interest rates can help you mitigate the financial burden while you repay your Personal Loan.
Here is a peek into the interest rate and other charges of the Personal Loan offered by SBFC.
Interest Rate |
Associated Charges |
|
Processing Fee |
Foreclosure Charges |
|
14.0% to 19.5% per annum |
2% of the loan amount |
5% of the principal outstanding amount |
1. Eligibility Criteria
You must be a salaried professional.
If residing in a Tier- 1 city, your net monthly income must be Rs. 45,000. If your age is 40 years or above, your net monthly income must be at least Rs. 50,000. (Note: Tier 1 Cities include Mumbai, Pune, Delhi, Bangalore, Chennai, Hyderabad).
If residing in a Tier- 2 city, your net monthly income must be Rs. 30,000. If your age is 40 years or above, your net monthly income must be at least Rs. 50,000.
You must be in the age group of 22-55 years. (The maximum age at the time of loan maturity must not be above 58 years).
You must have a work experience of at least 1 year. Minimum work experience of 6 months with the current employer is required.
2. Documents Required
Photo identity proof (PAN Card)
Address Proof - Voter ID. Passport, License, Aadhaar Card, etc.
ID Proof - Voter ID, License, PAN Card, Aadhaar Card, etc.
Financial Proof - Bank statement for the last 3 months and the salary slip.
You can calculate your EMI by using the Personal Loan EMI calculator. You have to fill in your capital and tenure, along with the interest rate to calculate the EMI. Here is a visualization of the monthly EMI for different capital through different tenures.
Loan Amount and Interest rate |
Monthly EMI |
||||
1-year tenure |
2 years tenure |
3 years tenure |
4 years tenure |
5 years tenure |
|
₹ 5 Lakhs, 15% per annum |
₹45,129 |
₹24,243 |
₹17,333 |
₹13,915 |
₹11,895 |
₹ 10 Lakhs, 20% per annum |
₹92,635 |
₹50,896 |
₹37,164 |
₹30,430 |
₹26,494 |
Applying for an SBFC Personal Loan is a simple process. You can apply for the loan by following these few simple steps.
Online Form Filling: Enter your personal and professional details.
Select your Lending Partner: From the list of Personal Loan partners, select SBFC.
Specify Personal Loan Details: Enter the Personal Loan amount and repayment tenure as per your choice.
Approval & Disbursal: Get instant approval on the loan and money in only 4 working days.
You can contact the customer care of SBFC through the following.
- Phone Number: 022 - 6831 3333
- Email ID: customercare@sbfc.com, customercare+dhfl@sbfc.com, customercare_rel@sbfc.com
- Address:
SBFC Finance Private Limited,
First Floor, C & B Square,
Andheri Kurla Road,
Chakala, Andheri East,
Mumbai - 400059
Also Check Other Lenders Personal Loan Options |
|
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
FAQs
Who can apply for a Personal Loan from SBFC?
Salaried individuals can apply for an SBFC Personal Loan.
What is the maximum loan amount that I can avail through SBFC Personal Loan?
You can avail a maximum of ₹10 Lakhs.
What is the repayment tenure for the Personal Loan availed by me from SBFC?
You can repay your loan within a maximum of 5 years.
What are the documents that I will have to submit while applying for a Personal Loan from SBFC?
You have to submit your ID proof, address proof, and financial documents to avail of an SBFC Personal Loan.
Do I need to hypothecate or provide any collateral in order to avail a Personal Loan from SBFC?
No, you don't have to provide any collateral to apply for an SBFC Personal Loan.
How can I repay the SBFC personal loan?
You can repay your loan through monthly EMIs through ACH.
How will my SBFC Personal Loan be disbursed?
Post approval, the loan amount will be transferred to your bank account digitally.
Is SBFC Bank a private or government organisation?
SBFC Bank is a private limited company that offers financial services.
