The SBI is organising personal loan sanction camps at various parts of the city to facilitate quick disposal of applications and on-the-spot sanction of loans to lecturers, teachers and non-teaching staff of the MP Government. These camps will run by loan experts of SBI. This is another innovative strategy of SBI to make available loans to salaried employees at door step without hassles.
In a Press release, Deputy General Manager of Personal Banking, Shabnam Narayan said that personal loan (called Xpress Credit in SBI) is the most convenient loan for Teachers. It’s a general purpose loan which requires very few documents, only pay slips and PAN Card or Aadhar Card.
Keeping in view of increasing demand, the loan amount has been very recently increased to 24 times of Net monthly Income (NMI). She said that such loans have been very popular amongst salaries employees as the loan is repaid in 3 to 5 years based on Equated Monthly Installment (EMI). She has also mentioned that Bank is offering 25 per cent discount in the processing fee in this festival season.
Speaking from the operational side Deputy General Manager of Bhopal Module, Nawal Kishore Sharma said, SBI aims to sanction such loans on spot to curtail any delay in sanction or disbursement. He said that the teachers community is a favorite customer segment of Bank. Bank would help teachers in getting loans. The loan camps will be organised from October 20 to 23, 2016 at various places in the city. It will be manager by loan experts under direct supervision of a senior officer. Sharma is confident of getting excellent response from teachers and requested all teachers employed in the city or outskirts to attend these camps. Speaking on the initiative Debasish Mishra, Regional Manager, Bhopal-1, informed that four camps at SBI’s Habibganj Branch, HET Branch, Nayapura (Kolar road) Branch and Panchanan Bhawan Branch will be running from October 20 to 23.