Based on market experts’ SBH Personal Loan review, we at money super bazaar, will inform our readers about State Bank of Hyderabad Personal Loan, equated monthly installments, based on SBH Personal Loan interest rate and SBH Personal Loan eligibility conditions. We will also talk about SBH Personal Loan rate of interest and other kinds of charges that a loan-seeker must be aware of.

SBH Personal Loan interest rate:

State Bank of Hyderabad Personal Loan is offered to loan-seekers, at a rate that is calculated on the base rate that is currently at 8.50% w.e.f. January 5, 2011

SBH Personal Loan Eligibility:

Those who can approach the bank for State Bank of Hyderabad Personal Loan, according to SBH Personal Loan eligibility norms are:

a)    Government  employees (state/ central)

b)    PSUs

c)    Individuals with a minimum NMI of Rs.3000 per month, with a check-off facility.

Quantum Of SBH Personal Loan Permissible:

SBH Personal Loan review states that a minimum amount of Rs.24000/ and a maximum of Rs.3lacs can be sought as loan by those who fulfill SBH Personal Loan eligibility conditions. SBH Personal Loan rate remains constant throughout loan period.

Procedure Of SBH Personal Loan:

Interested people can download application form online at the following link, or can approach their nearest bank branch, where they can be guided by personal relationship mangers, who would advise them. They would then have to submit the following documents, along with filled-in application form:

a)    ID proof: Driver’s Licence/ PAN Card

b)    Address Proof: ration card/ Voter’s ID

c)    Proof of Income/ Service: Salary slip/ bank account statement of last 1 year

d)    ITR or in absence of that, a declaration to that effect

Processing fee of 1.10% of loan amount is charged.

A key attractive feature that remains is that no security is needed to avail of this loan. SBH Personal Loan review by market analysts states this as a very decisive factor for loan-seekers.

Tenure Of State Bank Of Hyderabad Personal Loan:

Loan borrowed, has to repayed, in equated monthly installments, comprising of principal amount and interest, based on SBH Personal Loan rate, within a period of 72 months or 6 years.

SBH Personal Loan interest rate remains constant throughout the whole loan payment tenure.

Repayment Of State Bank Of Hyderabad Personal Loan:

Repayment is to be done through PDCs of EMIs, based on SBH Personal Loan rate, by borrower.

Default/ Delay In Payment Of SBH Personal Loan:

In case of late payment of EMI of State Bank of Hyderabad Personal Loan, 2% charge is levied on loan amount outstanding, for whole period of default. SBH Personal Loan interest rate bears no relation with above mentioned SBH Personal Loan rate of charges, as is evident from this SBH Personal Loan review.

Pre-Closure Of SBH Personal Loan:

A borrower of State Bank of Hyderabad Personal Loan is not asked to pay any pre-payment charges, if he seeks to pre-close the loan before tenure-end.

Product Page Url Of State Bank Of Hyderabad Personal Loan:

http://www.sbhyd.com/advances_personalloan.asp

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