Headquartered in Mumbai, State Bank of India is a government-owned corporation, ranked 217th on the list of the biggest corporations of the world (in 2017) issued by Fortune Global 500. It is an Indian multinational public sector banking and financial services company that offers some of the most appealing personal loan products to the interested borrowers in India. Right now, State Bank of India offers two primary personal loan types to salaried employees – Xpress Credit Personal Loan and SBI Xpress Bandhan. Apart from these two, there is a personal loan product available for pensioners. While Xpress Credit Personal Loan is targeted at people employed with specified business entities, having a salary account with the bank, SBI Xpress Bandhan is meant for the applicants with a similar profile who don’t have a salary account with SBI. Both the loan types are offered at low interest rates (on a daily reducing balance), without any administrative/hidden charges, minimum documentation, zero security and low processing fee.