Some of the lenders in our network may automatically renew your short term loan if it becomes past due. This term is clearly identified in your loan agreement. You should check your loan agreement for your personal loan criteria in sbi policy on automatic loan renewal prior to e-signing it.

If your loan is renewed, there will be additional charges as determined by your lender, and the minimum term can be set up. Your lender may offer you other options in addition to renewal, including the ability to repay your loan in full at a later date or repay your loan over time in a series of installments.

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Personal loan criteria in sbi

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Personal loan criteria in sbi

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We are basically offered as short term funds which should be refunded within the tenure as affixed by the lender.

Personal loan criteria in sbi