SBI Savings Bank Refinancing Loan Interest Rate, Conditions, and Limit Check

SBI Savings Bank’s refinancing loan product is designed for employees who are currently using credit loans from other institutions. Today, let’s take a look at this product offered by SBI Savings Bank.

SBI Savings Bank Refinancing Loan Interest Rates and Limits

Click Here to Check Loan Eligibility

Loans of up to 150 million KRW are available, with interest rates ranging from 7.9% to 19.9% per year. The loan term can be set for up to 120 months.

SBI Savings Bank Refinancing Loan Conditions

The eligibility requirements include a minimum of 3 months of employment, an age between 23 and 60 years, and a credit score (according to NICE standards) of 450 or higher. The repayment method can be chosen between equal principal and interest installments or equal principal installments. The prepayment fee is 2%. Required documents for application include a copy of the ID, proof of employment, and income verification.