An SBI Personal Loan can help you manage different personal expenses with interest rates starting from 10.00% p.a. Eligible borrowers can get loan amounts of up to ₹50 lakhs, with repayment tenure ranging from 6 to 84 months or up to 7 years.
You can check your SBI Personal Loan eligibility online and apply with minimal documentation.
Online SBI Personal Loan Details
Here are the main details of an SBI Personal Loan, including interest rates, loan amount, tenure, salary requirements, and charges:
| Parameter | Updated SBI Personal Loan Details |
| Interest Rate | 10.00% – 15.00% p.a. |
| Loan Amount | Up to ₹50 lakhs |
| Tenure | 6 months – 84 months (7 years) |
| Minimum Net Salary | ₹20,000/month (Govt/Defence), ₹25,000/month (Corporate) |
| Processing Fee | Up to 1.50% of loan amount (Min ₹1,000 – Max ₹15,000) + GST |
| Prepayment Charges | 2% on prepaid amount (waivers applicable for specific categories) |
SBI Personal Loan Interest Rates
SBI Personal Loan interest rates range from 10.00% to 15.00% p.a.
Borrowers with a higher credit score and a strong financial profile may qualify for a lower rate. The final interest rate is decided according to SBI’s internal lending rules and is linked to the bank’s 2-year MCLR.
| SBI Personal Loan Scheme | Effective Interest Rate (% p.a.) | Processing Fee |
| SBI Personal Loan for Salaried | 10.00% – 15.00% | Up to 1.50% + GST (Waivers available) |
| Real-Time XPress Credit (Digi PL) | Starts from 10.00% | Up to 1.50% + GST |
| SBI Pre-Approved Personal Loans (PAPL) | Competitive rates as per bank analytics | Low processing fee |
Note: Interest rates are linked to the 2-Year MCLR of 8.75% w.e.f. 15.12.2025, along with the applicable spread. Penal charges are 2.40% p.a. for defaults up to 60 days and 5.00% p.a. for continuous defaults beyond 60 days.
Types of SBI Personal Loan
SBI offers different personal loan options for salaried borrowers and existing customers. These loans can be used for personal expenses, medical needs, travel, family expenses, and other requirements.
The main SBI Personal Loan options include:
- Personal Loans for Salaried Employees
- SBI Real-Time XPress Credit Loan (Digi PL)
- SBI Pre-Approved Personal Loan (PAPL)
1. SBI Personal Loan for Salaried Employees
Salaried individuals with an SBI Salary Package Account can apply for a personal loan with flexible repayment options and minimal paperwork.
| Feature | Key Details |
| Loan Amount | Minimum ₹1 lakh up to ₹50 lakhs |
| Interest Rate | Starts from 10.00% p.a. |
| Processing Fee | Up to 1.50% (Min ₹1,000 – Max ₹15,000) + GST (100% waiver for Defence & Platinum/Rhodium accounts; 50% waiver for Govt & CIBIL ≥ 800) |
| Prepayment Fee | 2% of prepaid amount (Waivers available after 6 months to 3 years based on category) |
| Penal Charges | 2.40% p.a. (≤60 days), 5.00% p.a. (>60 days) on irregular portion |
| Required Documents | PAN, OVD identity/address proof, 6 months salary slips, 6 months bank statement, ITR/Form 16 |
| Repayment Period | 6 to 84 months |
SBI Personal Loan Eligibility for Salaried Employees
| Factor | Requirements |
| Nationality | Indian National |
| Credit Score | Minimum CIBIL score of 650 (Defence/Govt) or 670 (Corporate) |
| Age Limit | 21 – 60 years |
| Minimum Service | 6 months (Govt/Defence), 12 months (Corporate) |
| Salary Account | Mandatory Salary Package Account with SBI |
| Minimum Net Salary | ₹20,000/month (Govt/Defence), ₹25,000/month (Corporate) |
| Maximum Loan Cap | Up to 30 times Net Monthly Income or EMI/NMI ratio up to 65% |
You can also request SBI Personal Loan details through the following options:
- Dial: 1800 1234 for phone assistance.
- Give a Missed Call: 7208933142.
- Send SMS: Text PERSONAL to 7208933145 to request a callback.
2. SBI Real-Time XPress Credit Loan (Digi PL)
SBI Real-Time XPress Credit, also called Digi PL, is a digital personal loan available through the YONO mobile app and net banking.
| Feature | Key Details |
| Target Audience | SBI Salary Package account holders |
| Loan Limit | Minimum ₹1 lakh up to ₹50 lakhs |
| Availability | 24/7 instant processing via YONO app |
| Execution Modes | Digital Document Execution (DDE) with e-Sign or Non-DDE branch channel |
| Loan Tenure | 6 months to 84 months |
| Processing Fee | Up to 1.50% + GST (Min ₹1,000 – Max ₹15,000) |
| Penal Charges | 2.40% p.a. (≤60 days), 5.00% p.a. (>60 days) |
SBI Real-Time XPress Credit Eligibility
- Applicant should be an Indian national between 21 and 60 years.
- You should have an SBI Salary Package Account.
- Minimum net monthly salary should be ₹20,000 for Govt/Defence employees or ₹25,000 for Corporate employees.
- Maximum loan sanction can go up to 30 times NMI or 65% EMI/NMI ratio.
3. SBI Pre-Approved Personal Loans (PAPL)
Selected SBI savings account holders can get a pre-approved personal loan of up to ₹15 lakhs through the YONO app.
- 100% digital and paperless process.
- 24/7 instant disbursal into the savings account.
- Low processing fees.
- Competitive interest rates based on SBI’s internal analytics.
- No physical documentation or branch visit required.
Check Pre-Approved Eligibility: SMS PAPL <last 4 digits of SBI Savings Account Number> to 567676.
SBI Personal Loan EMI Calculator
Planning to apply for an SBI personal loan? Calculate your Equated Monthly Installment (EMI) easily with SBI Personal Loan EMI calculator. This handy tool allows you to quickly determine your monthly installment.
Just enter the loan amount, interest rate, and tenure, and get an instant estimate of your monthly installment. Make informed financial decisions and manage your budget effectively with SBI Personal Loan EMI calculator.
Comparison of SBI Personal Loan Vs Other Banks
Here is a table showing the comparison of SBI Personal Loan rates with other banks:
| Lender | Interest Rate (% p.a.) | Processing Fee |
| SBI | 10% onwards | Up to 1.5% |
| HDFC | 9.99% onwards | Up to ₹6,500 |
| ICICI | 9.99% onwards | Up to 2.5% |
| Axis | 9.99% onwards | Up to 2% |
| IndusInd | 10.49% onwards | Up to 3.5% |
| Yes Bank | 10.85% onwards | Up to 2.5% |
| Shriram City | 11% onwards | Up to 5% |
Note: The interest rates mentioned above are subject to change at lender discretion.
SBI Personal Loan Eligibility
SBI checks factors such as your age, monthly income, employer type, work experience, and banking relationship before approving a personal loan.
| Eligibility Factor | Criteria |
| Age | 21 to 60 years |
| Minimum Income | ₹20,000/month (Govt/Defence), ₹25,000/month (Corporate) |
| Work Experience | 6 months (Govt/Defence), 12 months (Corporate) |
| Account Relationship | SBI Salary Package Account |
Documents Required for SBI Personal Loan
You need to submit certain documents when applying for an SBI Personal Loan.
| Document Category | Accepted Proofs |
| Identity Proof | PAN Card, Aadhaar Card, Passport, Voter ID, Driving License |
| Address Proof | Aadhaar, Utility Bills, Passport, Officially Valid Documents (OVDs) |
| Income Proof | 6 months salary slips, 6 months salary account statement, Form 16 / ITR |
| Service Proof | Employer Identity Card, Service Certificate, or Canteen/Force ID |
Features of SBI Personal Loan
Here are some of the main features of an SBI Personal Loan:
- High Loan Amount: Eligible borrowers can get up to ₹50 lakhs.
- Interest Rates Starting at 10.00% p.a.: The applicable rate depends on your profile and loan scheme.
- Flexible Repayment Tenure: Repayment periods range up to 84 months or 7 years.
- No Collateral: No security or third-party guarantor is required.
- Transparent Charges: Loan fees and charges are disclosed before borrowing.
- Overdraft Option: An overdraft facility with reducing Drawing Power is available for selected salary account categories.
Steps to Apply for SBI Personal Loan with Buddy Loan
Steps To Apply For a Personal Loan with Buddy Loan
- Step 1:Visit buddyloan.com or download & install the Buddy Loan app (Android or iOS).
- Step 2: Open the personal loan application page. Provide the mobile number and enter the received OTP.
- Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
- Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
- Step 5:Enter your work details (Including company name, years of service and Designation)
- Step 6:Enter your personal details (Including Full Name, PAN, address, DOB & Gender)
- Step 7: Provide your communication address, and income details and Click the ‘Submit’button.
SBI Personal Loan for Government Employees
SBI offers personal loans for Central Government, State Government, Railway, Defence, and PSU employees.
Government and Defence employees get the following terms:
- Minimum service requirement of 6 months.
- Minimum net monthly salary of ₹20,000.
- Loan amount of up to ₹50 lakhs.
- Processing fee waiver of up to 100%, depending on the category.
SBI Personal Loan Customer Care Number
You can contact SBI for personal loan queries, application status, or new loan applications through the following channels:
| Customer Support Channel | Helpline Number / Details |
| Toll-Free Customer Care | 1800 1234 / 1800 2100 |
| General Helpline Numbers | 1800 11 2211 / 1800 425 3800 |
| Missed Call Service | Give a missed call on 7208933142 |
| SMS Support | Text “PERSONAL” to 7208933145 |
| Pre-Approved Eligibility SMS | Text “PAPL <last 4 digits of A/C>” to 567676 |
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