SBI Housewife Personal Loan

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Hepson Franklin

Hepson Franklin is a seasoned financial expert and accomplished writer specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & loan products. With a wealth of experience in the financial industry, he has established himself as a trusted voice, providing invaluable insights and guidance to both seasoned investors and those new to the world of finance. With a comprehensive understanding of the intricate facets of the financial landscape, he is dedicated to demystifying complex financial concepts for readers of all backgrounds.

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Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

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

Frequently Asked Question (FAQs)

Can a housewife get a personal loan from SBI?

Yes, if the applicant meets the eligibility criteria, she can apply for a personal loan with SBI Bank.

How much of an SBI personal loan can a housewife get?

The maximum amount for an SBI personal loan is INR 50 lakh.

What is the CIBIL score for housewives for SBI?

A score between 700-750 is considered a healthy CIBIL score.

How can a housewife get a loan at SBI instantly?

If the applicant meets the basic eligibility criteria and has a healthy CIBIL score, then one can expect to avail of the personal loan instantly.