Skip to main content

How To Apply For SBFC Personal Loan in An Easy Way?

Irrespective of an individual’s profession, be it salaried or self-employed, the need for money can arise from anywhere without any prior information. Do you need this to be fulfilled with the help of a personal loan? Well, you can choose from several lenders that provide a personal loan facility to customers without presenting any collateral. Among those lenders’ options, SBFC Personal Loan is one of the most popular ones among customers. There are several reasons that push its popularity - affordable interest rates, lenient eligibility criteria, higher loan amount, the hassle-free application process, and others.   

One of the best things about SBFC Personal Loan is that individuals can take the loan amount for various purposes whether it is their child’s education or marriage or any health-related expenses or any travel planning. So, if you are looking to opt for a personal loan for your emergency needs, this can be a good option for you. In this article, we will be telling you some of the important aspects of this personal loan from SBFC such as its application process, eligibility criteria, documents required, etc. Keep reading to know more!

What is the SBFC Personal Loan Application Process?

As we mentioned earlier, one of the best features of the personal loan from SBFC is its hassle-free application process. Since the process is totally online, any individual can apply from it anywhere. There are a few important steps that an individual needs to follow if he or she wants to apply for this personal loan. We are showing them below. Please check!

  1. The first thing an individual needs to do is to visit the official website of SBFC. 
  2. On this website, you will see a ‘Personal Loan’ section. On reaching the website, there will be a button for the ‘Apply Now’ process.
  3. When you click this button, you will be redirected to an application form. Here, you will need to fill in a few important details such as Required Loan Amount, Required tenure (in months), monthly income, and purpose of the loan. 
  4. Fill in these loan details and submit them. As soon as you submit it, you will be redirected to a section where you will need to fill in a few personal details. These details will be your name, email ID, mobile number, PAN, Date of Birth, Gender, and Marital Status. Fill in these details and complete the application process by submitting the form. 
  5. Soon after submitting the details, the representatives from SBFC will contact you regarding your loan application. If you are eligible, the loan amount will be disbursed into your account. 

What is the Eligibility Criteria of SBFC Personal Loan?

Now that you have understood the overall application process of SBFC Personal Loan, there is an important thing that you need to understand - Eligibility Criteria. SBFC has fixed a set of conditions that an individual needs to fulfill at all costs to get a loan amount from SBFC. What are those conditions? Have a look below to know them!

  1. SBFC personal loans can be taken by both salaried and self-employed individuals without any trouble. 
  2. The individuals should have a regular and stable income of source so that he/she can repay the loan smoothly.
  3. The maximum loan can go up to as high as INR 10 lakh. However, the final loan amount will be decided by SBFC after assessing an individual’s monthly income and credit score.
  4. The credit score should be 700 or above to get this personal loan. Through this score, lenders estimate an individual’s past repayment behavior. 

At the time of application, you will also need to submit a few documents that we are shown below. Please check!

  1. Duly Signed Personal Loan application form
  2. Two passport-sized photographs
  3. KYC Documents such as Aadhar Card, PAN Card, etc.
  4. Address Proof as Electricity Bill, Telephone Bill, etc. 
  5. Income Proof 
Labels:
Location: India

Comments

Post a Comment

Popular posts from this blog

How Does IndusInd Bank Personal Loan EMI Change in The Case of Balance Transfer?

Several banks and NBFCs provide the option of a personal loan to customers who are looking to fulfill their financial needs in an urgent way. IndusInd Bank Personal Loan is one of the popular options among customers due to its affordable interest rates. But do you know about the repayment method of a personal loan? Well, it is one of the important things that several people miss to notice. That’s why we are first talking about the concept of EMI?  Well, let’s say you borrow some money from IndusInd Bank in the form of a personal loan, you can repay the amount via Equated Monthly Installments (EMI). This amount consists of a portion of both the principal and interest amounts. You must be thinking what must be the reason behind this concept of EMI? Well, lenders introduced this to make the overall repayment process smoother and simpler for individuals. The EMI amount is usually a fixed amount that you will need to clear off every month within a fixed time frame. For example, you too...
2 comments
Read more

Why Should You Borrow a PNB Personal Loan?

Earlier this year we all faced different financial situations but there is one thing that never changes, which is Punjab National Bank (PNB) efficient services for customers. And in our hard times, PNB Personal Loan helps us, so we can get our day to day needs whenever there is a financial emergency. Using PNB Personal Loan, you can borrow up to 15X your monthly income, which may be quite enough to meet your financial needs. So if you are having financial difficulties, read this page and know more about PNB Personal Loan features and benefits. Check Out for the PNB Personal Loan Eligibility! If you are interested in PNB Personal Loan, you should check out the following - Applicants should draw salary from PNB Check-off facility must be available And if you are a confirmed or permanent employee of any central or state government or PSU, you need to have a minimum experience of 2 years including the previous employer, if any. If the applicant is a confirmed or permanent employee of othe...
1 comment
Read more

Is Bajaj Finance Personal Loan Interest Rate the Best for You?

Many of us give priority to the interest rate while borrowing a loan. But our issue has been resolved with Bajaj finance personal loan interest rate . Yes, with the bajaj finance personal loan, you can avail an interest rate starting from 13.00% per annum. And this rate of interest will be dependent on your current income, credit score, monthly obligations and type of employment. As you know unsecured loans are easy to get but it's really hard to find a lender that offers you a personal loan at an affordable rate, and your need has been fulfilled by Bajaj Finance. So read this article furthermore to know the benefits of bajaj finance personal loan interest rate. List of Advantages lower interest rates means lower EMI lower EMI means affordable interest payouts use bajaj finance personal loan emi calculator for assistance loan closure before the maturity of the bajaj finance personal loan no extra cost for lower bajaj finance personal loan interest rate fixed bajaj finance personal...
1 comment
Read more