SBI enables you to make a pre-payment or a pre-closure for your personal loan. You have the flexibility to pre-pay in full or in parts. Moreover, you can do it during any phase of your personal loan. SBI Personal Loan Pre-Closure Fees and Charges. If you pre-pay your SBI Personal Loan EMIs in parts or entirely before your original due date, you will need to pay 3% on your prepaid ;· SBI charges 3% of the prepaid loan principal amount as the foreclosure charges on personal loan. Q2. What is the interest rate for SBI personal loan? The interest rate for SBI personal loan starts from Q3. Does SBI provide personal loan without foreclosure charges? SBI does not charge any foreclosure charges, if the existing personal loan is foreclosed using a new loan under the same scheme. account becomes Nil, on payment of residual amount, if any. 9. PRE-CLOSURE CHARGES: Loans on Fixed and Floating rate of interest: No pre-payment/ Pre-closure penalty will be levied except for Rent Plus in which 1% of the loan amount prepaid will be charged as prepayment penalty. 10. OTHER FEE/CHARGES: Particulars Amount (Rs)Having an account with SBI is more rewarding now! You can avail Pre-approved Personal loans instantly at your convenience on 24 7 basis through YONO app in just 4 clicks. Presently, this loan is being offered to a category of customers who are pre-selected on certain parameters pre-defined by ;· Charges & Fees in SBI Pre Approved Personal Loan Scheme? Processing Fees – 1% of the loan amount OR it depends on the bank. Pre-Payment Penalty – 3% on prepaid amount. But, if the account is closed from the Proceeds of a new Loan obtained under the same scheme then, Nil Pre-Payment penalty and Foreclosure IMPORTANT TERMS & CONDITIONS SBI Personal LoansSBI Personal Loan Preclosure Charges and Benefits of ForeclosureSBI Personal Loan Preclosure Charges and Benefits of ForeclosureSBI Personal Loan Preclosure - Prepayment Charges, Procedure20/05/2018 · The processing charges of SBI personal loan are anywhere between two to three percent of the loan amount, with service tax applicable. One can even make the prepayment of EMIs in full or in part Only loans with floating interest like housing loan, education loan etc… are exempted from fore closure charges. In SBI fore closure charges are waived only if you avail a new loan and the old loan is closed from the proceeds of the new loan. At the time of availing the loan, there is a loan agreement that you is a pre-approved, money- on- demand facility, which is offered to a select set of SBI credit cardholders. The Encash amount that a cardholder would be eligible for can be over and above the existing credit limit or within the existing credit limit on the card. The funds will be transferred to your account instantly within 48 hrs or via
