SBI Personal Loan: If you need money and have no option left, State Bank of India (SBI) can help you out if you possess SBI Card. Customers having SBI Card can avail benefit under Easy Money to meet their emergency cash requirement. They just need to book Easy Money and get instant money credited into their bank account through NEFT. Those who would go for this option have to repay at the rate of interest of 2.45% p.m. for 45 days, along with a processing fee of 1.5% or Rs 199, whichever is higher. If you are also an SBI card holder, you can also avail of this exclusive benefit. 

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According to SBI's official website (sbicard.com), you can apply for Easy Money for a minimum amount of Rs 5,000 or a maximum of up to 75% of your available cash limit. The Easy Money benefit can be availed through SBI Card website, Mobile App or by calling SBI Card helpline at 1860 180 1290. This will facilitate you to get money credited directly in your bank account within 48 working hours through NEFT.

This facility comes with a lower rate of interest as compared to other available loan plans. The cheque, in your name, will be delivered within 3 or 5 working days, if you reside in a metro or other cities respectively.

Now, if you wish to book Easy Money, you can do so in multiple ways, as per your convenience:

Website: You should log in to your SBI Card online account, and click on ‘Benefits’ option in the main menu and select 'Easy Money'. Now enter your details and confirm to book Easy Money instantly.

Mobile App: For availing benefit, you should log in to the website. Click on ‘Benefits’ option in the main menu and select Easy Money, after that enter your details and confirm to book Easy Money in 3 simple steps.

However, this facility comes with a few conditions. This facility is open to all residents of India holding a valid and current SBI Card, with no outstanding of more than 30 days, unless withdrawn to any class of cardholders at the sole discretion of SBICPSL (SBI Cards and Payment Services Pvt. Ltd).

SBICPSL reserves its right to decline any issuance of either of the monetary instruments on any request received to protect, minimize or offset its unsecured risk exposure from an inconsistent card account

The cash limit on your SBI Card will be blocked for the amount for which Easy Money facility has been extended by SBICPSL to you at the time your request is processed. The request shall be declined if there is no available cash limit on your credit card account or if the requested amount is greater than the cash limit.

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A cardholder can avail this facility for different tenures at different interest rates and accompanying charges like processing fee etc. as may be set forth by SBICPSL from time to time.