Festivals bring happiness, gifts, lights, and joy — but also expenses. From Diwali shopping to New Year celebrations, costs can rise quickly. That’s where the SBI Festival Personal Loan comes to your rescue! It helps you celebrate with financial freedom by offering instant personal loans with low interest rates, quick approvals, and flexible EMIs.
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✨ What is SBI Festival Personal Loan?
The SBI Festival Loan is a short-term personal loan offered during festive seasons like Diwali, Christmas, Holi, and Eid. It is designed for salaried, self-employed, and pensioners who need quick financial help to meet celebration expenses. The loan is offered both online and offline through the YONO SBI App and SBI branches.
🎁 Key Features of SBI Festival Loan
- Loan Amount: ₹50,000 – ₹20,00,000
- Interest Rate: Starting from 10.40% p.a.
- Processing Fee: 0.35% (discounted during festive period)
- Repayment Tenure: 12 to 72 months
- Instant Approval for pre-approved SBI customers
- Available on YONO App with zero paperwork
🧾 Eligibility Criteria
- Minimum age: 21 years | Maximum: 60 years
- Minimum monthly income: ₹15,000
- Salaried, Self-employed, or Pensioners can apply
- Good CIBIL score preferred (above 700)
📑 Documents Required
- PAN Card & Aadhaar Card
- Address Proof (Electricity bill, Rent agreement)
- Last 3 months’ Salary Slip or Income Proof
- Bank Statement (last 6 months)
🪔 How to Apply for SBI Festival Loan (Step-by-Step)
- Open the YONO SBI App or visit SBI official website.
- Click on ‘Personal Loan → Festival Loan’.
- Enter loan amount and choose EMI tenure.
- Review your offer and confirm OTP.
- Loan is disbursed instantly into your SBI account.
📱 Top 5 Loan Apps to Compare SBI Festival Loan Offers
1️⃣ PaySense
Compare festival loan offers from SBI, HDFC, ICICI & Bajaj instantly.
2️⃣ KreditBee
Quick disbursal personal loans perfect for festive needs.
3️⃣ Money View
Low-interest loan comparisons for SBI & other NBFCs.
4️⃣ CASHe
Instant small-ticket festival finance for salaried professionals.
5️⃣ Bajaj Finserv App
Best EMI offers and festival discounts across India.
💰 Example EMI Calculation
For ₹2,00,000 loan at 10.40% p.a. for 3 years, your EMI will be approx ₹6,500. Total interest payable: ₹34,000.
🎊 Benefits of SBI Festival Personal Loan
- Celebrate without financial stress
- Low interest rate during festive season
- Quick approval through YONO app
- No collateral or guarantor needed
- Option to top-up existing personal loans
📊 Why Choose SBI Over Other Banks?
- Trusted government-backed bank
- Widest branch and digital reach
- Exclusive festive interest rate discount
- Pre-approved offers for loyal customers
- Easy EMI management via YONO app
🔗 Useful Internal Links
Disclaimer: This page is for informational purposes only. We do not promote or provide any loan services. Please verify all details from SBI’s official website or YONO app before applying.