SBI Housewife Personal Loan

The State Bank of India (SBI), one of India’s premier financial institutions, offers a comprehensive array of financial solutions that are specifically tailored to meet the diverse needs of its customers. Among its notable offerings is the SBI Personal Loan, a versatile financial product designed to empower individuals to realise their dreams and manage unforeseen expenses. With competitive interest rates, flexible repayment options, and a hassle-free application process, SBI Personal Loans stand out as a reliable choice for those seeking immediate financial assistance. Today, we will discuss about SBI personal loan for housewives; everything from eligibility criteria and documentation to fees and charges. 

SBI Women Personal Loan – Highlights

Here is a quick rundown for the SBI women’s personal loan. 

Maximum Loan Amount	₹50 Lakhs
Interest Rate (p.a.)	10.55% onwards
Loan Tenure	Six months – 6 years
Overdraft Facility	Available
Provision of a Second Loan	Available
Online Application	Available

Compare Housewife Loan from Other Banks

Before proceeding ahead, here is a quick overview of SBI Housewife personal loans with other leading banks and NBFCs. 

Bank Name	Interest Rate (per annum)	Maximum Loan Tenure
Bank of India	10.25% onwards	Seven years
Citibank	10.75% onwards	Five years
Kotak Mahindra Bank	10.99% onwards	Six years
Tata Capital	10.99% onwards	Six years
KreditBee	16% onwards	Two years

SBI Personal Loan for Housewife – Fees and Charges

Take a look at the basic SBI personal loan for housewives. 

• 1.50% processing of the total loan amount plus GST is required
• 18% Goods and Services Tax (GST)
• Additional charges like stamp duty, verification charges and incidental costs are need to be paid 

SBI Women Personal Loan Document

Following are the documents required for the SBI Personal Loan. 

• Completely filled loan application form with self-attested photographs
• Government-approved documents like Aadhar Card, Utility Bills, Voter’s IDs and other documents

SBI Women’s Personal Loan Eligibility

Following are the eligibility criteria for the SBI Personal Loan for housewives. 

• One should be between the ages of 21 and 58
• The applicant must be an Indian resident
• The applicant must have a good credit rating