हिंदी में पढ़े
The minimum age of the applicant should be 21 years at the time of the loan application, and the maximum age should be 60 years at the time of loan maturity. However, the age of employees above 60 years working in the government or defense sectors may be considered on a case-by-case basis.
Disclaimer: State Bank of India is not a Paisabazaar partner for personal loans and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to State Bank of India for personal loans. No offers/services from State Bank of India are being provided by Paisabazaar for personal loans. For further information about State Bank of India for personal loans, users are required to reach out directly to State Bank of India.
SBI Bank Personal Loan Highlights |
|
| Interest rate | 10.30%-15.30% p.a. |
| Loan Amount | Up to Rs 35 lakh |
| Tenure | Up to 7 years |
| Minimum Monthly Salary |
Rs 15,000 |
| Processing Fee | NIL till 31st March 2025 |
| Pre-closure Charges | NIL |
| Part-payment Fees | NIL |
| Documentation |
|
Note: Rates as of 4 April 2025
Personal Loan Offer From Partners
Paisabazaar has tied up with 30+ banks and NBFCs to offer personal loans. Applicants can compare the interest rates and other features offered by our below-mentioned partner banks and NBFCs and can then apply accordingly as per their preference.
HDFC Bank
Up to ₹40L
10.9% - 24%
Upto 6 Years
₹6,500
Axis Bank
Up to ₹10L
11.25% - 22%
Upto 5 Years
Upto 2%
Kotak Mahindra Bank
Up to ₹35L
10.99% - 16.9%
Upto 6 Years
Upto 5%
IDFC FIRST Bank
Up to ₹10L
10.99% - 23.99%
Upto 5 Years
Upto 2%
ICICI Bank
Up to ₹50L
10.85% - 16.65%
1-6 Years
Upto 2%
Table of Contents
SBI Personal Loan Interest Rates
SBI Personal Loan interest rate ranges from 10.30% to 15.30% p.a. However, the bank has not disclosed the differential personal loan interest rates based on factors such as monthly income, credit score, employer’s profile, loan amount, etc. for its personal loan schemes, most lenders consider these factors while setting interest rates.
SBI Personal Loan Processing Fees and Charges
SBI Personal Loan Processing Fees
The processing fee for an SBI Personal Loan is up to 1.5% of the loan amount (Minimum Rs 1,000; Maximum Rs 15,000). Currently, the bank has waived processing fees till 31st March 2025.
SBI Personal Loan Prepayment Charges
SBI charges a prepayment fee of 2% on the prepaid amount from its personal loan borrowers. However, the bank does not charge any prepayment fee if the existing personal loan account is closed from the proceeds of a new loan availed under the same personal loan scheme.
SBI Personal Loan Other Fees and Charges
SBI charges a penal interest of up to 5% per month from its personal loan borrowers on non-repayment of the loan by their due date. The penal rate is charged over and above the applicable interest rate on the overdue amount for the default period. Stated below is the breakdown of penal charges:
| Particulars | Penal Charges |
| Irregularity up to 60 Days | 2.40% p.a. on the overdue amount for the period of irregularity |
| Continuous irregularity for a duration beyond 60 days | 5% p.a. on the outstanding for the period of irregularity |
Also know the personal loan processing fee charged by top lenders.
Types of SBI Personal Loans
SBI Personal Loan to Salaried Employees
Purpose: State Bank of India offers personal loan to salaried employees having their salary accounts with SBI for meeting personal requirements.
Loan Amount: Up to Rs 35 lakh
Tenure: 6 months to 7 years
SBI Pre-approved Personal Loan (PAPL) on YONO
Purpose: The savings account holders of State Bank of India can apply for SBI Pre-approved Personal Loan online through the SBI YONO App on a 24*7 basis. The applicants can also apply for SBI Pre-approved Personal Loans through the internet banking facility.
Loan Amount: Up to Rs 8 lakh
SBI Real Time Xpress Credit Personal Loan
Purpose: Government and defence personnel maintaining salary accounts with the State Bank of India can apply for SBI Real Time Xpress Credit Personal Loan online through the SBI YONO app with instant loan disbursal.
Loan Amount:
- Minimum Loan amount: Rs 1 lakh
- Maximum Loan Amount: Rs 35 lakh/24 times NMI
Tenure: 6 months to 6 years
SBI Pension Loan
Purpose: SBI Pension Loan scheme allows central/state government pensioners, defense pensioners and family pensioners to maintain their pension accounts with SBI to avail loan for meeting their financial requirements.
Tenure: Up to 6 years
SBI Pre-approved Pension Loans on YONO
Purpose: The savings account holders of State Bank of India can apply for SBI Pension Loan online through the SBI YONO App on a 24*7 basis or through the internet banking facility.
Loan Amount: Up to Rs 5 lakh
SBI Personal Loan Eligibility Criteria
The eligibility criteria of SBI Personal Loan are set on the basis of age, minimum monthly income, job profile, EMI/NMI ratio and applicant’s relationship with the bank. Here’s an overview of the SBI personal loan eligibility criteria:-
SBI Personal Loan to Salaried Applicants
- Employees working with Government sector (Central/ State Government/Railway/ Police/ PSU), Defence sector (Defence/Central Armed Police/Indian Coast Guard) and the corporate sector are eligible for an SBI Personal Loan.
- The employees should maintain a salary account with SBI to avail personal loan.
-
- Minimum Net Monthly Salary:
- For government or defence sector employees: Rs 20,000
- For corporate sector employees: Rs 25,000
- Minimum Service:
- For government or defence sector employees: 6 months
- For corporate sector employees: 1 year
- The EMI/NMI ratio should be up to 65%, including the EMIs of existing loans as well as proposed loan.
- In addition to above-mentioned eligibility criteria, SBI personal loan eligibility may also depend on the credit score of its applicants, just like other lenders.
SBI Real Time Xpress Credit
- Government or defense salary package account holders with KYC compliant accounts are eligible for SBI Real Time Xpress Credit Personal Loan.
- Minimum Net Monthly Income should be Rs 25,000.
- EMI/NMI ratio of the eligible applicant should be up to 65%. The EMIs of the existing loans and that of the proposed personal loan would be factored in while calculating the EMI/NMI ratio.
SBI Pre-approved Personal Loan
- For CSP and Non-CSP customers
- For savings bank account holders
- The SBI savings bank account holders can SMS the last 4 digits of SBI savings bank account no. to 567676 to check the eligibility
SBI Pension Loan
For Central/ State Government Pensioners
- The age of the applicant should be below 76 years.
- Pensioners applying for SBI Pension Loan should have a pension account with SBI.
- The pensioner should provide an irrevocable undertaking not to alter the mandate to the Treasury during the loan tenure.
- The Treasury should give in writing mentioning that no transfer of pension payment to any other bank without an NOC.
- All terms and conditions are applicable, including a guarantee by a third party or by the spouse.
- The EMI/NMP ratio should not exceed 50%.
For Defense Pensioners
- The maximum age of the applicant at the time of loan maturity should be up to 76 years.
- Pensioners from armed forces such as Navy, army, Air Force, Paramilitary Forces (BSF, CISF, CRPF, ITBP), Coast Guards, Assam Rifles and Rashtriya Rifles are eligible to apply for SBI Pension Loan.
- The applicants should have a pension account maintained with SBI.
- The EMI/NMP ratio should not exceed 50%.
For Family Pensioners
- The maximum age of the applicant should be up to 76 years.
- In case of the pensioner’s death authorized family members can receive the pension.
- The EMI/NMP ratio should not exceed 33%.
Documents Required for SBI Personal Loan Application
SBI has given a detailed list of the documents required for availing its Xpress Credit Personal Loan scheme. However, the lender has not disclosed the documents required for availing other SBI Personal Loan schemes. Below-mentioned is the list of SBI Personal Loan documents for SBI Xpress Personal Loan scheme.
SBI Personal Loan
- Duly filled application form along with passport-sized photographs
- Permanent Account Number (PAN)
- Minimum one copy of the Officially Valid Documents (OVDs)
- Salary Slips of the last 6 months
- Latest ITR/ Form 16
SBI Personal Loan for Government Employees
SBI has not mentioned any specific scheme under the name “Personal Loan for Government Employees”. However, the bank offers SBI Xpress Credit Personal Loan scheme, which can be availed by the employees of Central/State/Quasi Governments, including personnel of defence and paramilitary forces maintaining salary accounts with SBI. Government employees not maintaining their salary account with SBI can avail SBI Quick Personal Loan scheme.
Government and Defence salary package account holders can also avail Real Time Xpress Credit scheme with a fully digitized loan journey through SBI YONO app.
SBI Personal Loan Customer Care
Toll-free numbers:
- 1800 11 2211
- 1800 425 3800
- 1800 1234
- 1800 2100
Know more about SBI Personal Loan Customer Care Number and grievance redressal process
FAQs on SBI Personal Loan
How to apply for an SBI Personal Loan?
Applicants can apply for SBI Personal Loan either directly through the official website of State Bank of India or by visiting SBI branches. Applicants can also visit online financial marketplaces like Paisabazaar to compare the interest rates and other features offered by various lenders.
How much personal loan can I get from SBI?
State Bank of India offers personal loans for loan amounts of up to Rs 35 lakh to its applicants depending on their repayment capacity.
What is the personal loan processing fee levied by State Bank of India?
SBI levies a personal loan processing fee of 1.50% of the loan amount, with the minimum charge being Rs 1,000 and the maximum charge capped at Rs 15,000. The bank has currently waived processing fees till 31 March 2025.
How long does it take SBI to disburse a personal loan?
Banks and NBFCs usually disburse personal loans within 2-7 days of making a personal loan application. However, pre-approved personal loans offered to select customers by the SBI may have quicker disbursal. Lenders like Axis Bank, HDFC Bank, Bajaj Finserv and ICICI Bank also offer pre-approved/pre-qualified personal loans to select customers with instant disbursal.
How to track SBI Personal Loan status?
Applicants can track their SBI personal loan status through the official website of State Bank of India. The applicants can also contact the SBI Personal Loan customer care to enquire about the application status offline.
Are there any foreclosure charges levied by State Bank of India on personal loans?
SBI offers personal loans at fixed interest rates. Thus, it levies foreclosure charges of 3% on the prepaid loan amount. The bank does not charge any foreclosure charges if the account is closed from the proceeds of a new loan account under the same scheme.
What is the minimum credit score required for availing SBI personal loan?
While SBI has not explicitly stated its cut-off credit score, applicants having credit score of 750 and above would have higher chances of availing personal loan.
What is the minimum salary required for availing SBI personal loan?
The minimum monthly income required for availing SBI personal loan is Rs 25,000. SBI prefers personal loan applicants having an EMI/NMI ratio up to 60% including EMIs of the existing loans as well as the proposed loans. Using personal loan EMI calculator would allow the applicants to opt for a personal loan tenure and EMI within the aforesaid limit.
I don’t have a salary account with SBI. Can I apply for a personal loan?
Personal loan applicants not having their salary account with SBI are not eligible to apply for a personal loan.
Is it possible to get a personal loan from the SBI with a salary under Rs 20,000?
Applicants with a salary of Rs 25,000 and above can only apply for a personal loan from SBI.
Can retired individuals avail personal loans from SBI?
Yes, retired individuals holding pension accounts with SBI can avail personal loans from SBI through SBI Pension Loan scheme.
What is the EMI for a personal loan of Rs 10 lakh offered by SBI?
SBI currently offers personal loans at interest rates starting from 10.30% p.a. onwards for tenures of up to 7 years. The EMI of your personal loan of Rs 10 lakh would depend on the interest rate and loan tenure offered by SBI. The below-mentioned table below shows the EMI of an SBI personal loan of Rs 10 lakh for various SBI personal loan interest rates and tenure of 5 years.
| Loan Amount (Rs) | Interest Rate (p.a.) | Tenure (years) | EMI (Rs) |
| 10 lakh | 11.15% | 5 | 21,817 |
| 10 lakh | 11.30% | 5 | 21,892 |
| 10 lakh | 12.30% | 5 | 22.396 |
| 10 lakh | 11.40 % | 5 | 21,942 |
| 10 lakh | 12.40% | 5 | 22,447 |
How to pay SBI Personal Loan online?
The applicants can pay their SBI personal loans online through different modes, such as Standing Instructions from the borrower’s salary or pension account held with SBI. Borrowers not maintaining their deposit accounts with SBI can opt for ECS, NACH and ACH for paying their SBI personal loans online.