Online SBI Personal Loan Details
Now get approval with an attractive interest rate at the comfort of your home. Here are the highlights of SBI personal loan interest rates in detail:
| Interest Rate | 10.05% – 15.30% p.a. |
| Loan Amount | Up to ₹35 lakhs |
| Tenure | 6 months – 7 years |
| Minimum Salary | ₹20,000/month (Government), ₹25,000/month (Corporate) |
| Processing Fee | Up to 1.50% + taxes |
SBI Personal Loan Interest Rates
Prime borrowers with excellent credit scores and strong financial profiles are generally qualified for lower interest rates, while borrowers with lower credit scores or higher perceived risk would be offered higher interest rates. However, with an SBI personal loan, the interest rates start from 10.05% p.a. – 15.30% p.a.. Here are the interest rates for various types of SBI personal loans schemes:
| SBI Personal Loan Scheme | Interest Rate (% p.a.) | Processing Fee |
| SBI Personal Loan for Salaried | 10.05% – 15.30% | Up to 1.50% + taxes |
| XPRESS Credit | As per bank | Up to 1.50% + taxes |
| SBI Pre-Approved Personal Loans (PAPL) | As per bank | Low (as per bank) |
Note: Rates may vary and include prepayment (3%) and penal interest (2% per month) for applicable schemes.
SBI Personal Loan EMI Calculator
Your Amortization Schedule (Yearly/Monthly)
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.
SBI Personal Loan Eligibility
SBI personal loan eligibility is determined based on specific criteria set by the State Bank of India. To check eligibility, individuals can use the SBI personal loan eligibility calculator. This tool considers factors such as income, monthly expenses, and existing financial liabilities (loans, EMIs, credit card dues) to estimate the loan amount one may be eligible for from the lender.
| Factor | Eligibility |
| Age | 21 – 60 years |
| Monthly Income | Minimum ₹15,000 |
| Work Experience | Minimum 1 year (current organization) |
Not sure of your credit score? Check it out for free now!
Types of SBI Personal Loan
SBI offers a diverse & unique range of personal loan options, creating the go-to personal finance solution for all your needs with each type of SBI personal loan. Apply now for simple and hassle-free loans and repayments.
- Personal Loans for Salaried Employees
- SBI Real Time Express Credit
- SBI Pre-Approved Personal Loan
SBI Personal Loan for Salaried Employees
Individuals holding an SBI Salary Account can get a personal loan with minimum documentation and quick approval.
Features of SBI Personal Loan for Salaried
Let’s go through the key details below:
| Feature | Details |
| Loan Amount | Up to ₹35 lakhs |
| Interest Rate | Starts from 10.05% p.a. |
| Processing Fee | Up to 1.50% (₹1,000 – ₹15,000) + GST |
| Prepayment Charges | 2% |
| Penal Interest | 2.40% (≤60 days), 5% (>60 days) |
| Documents Required | PAN, OVD, salary slips, bank statements, ITR/Form 16 |
| Repayment Period | 6 – 84 months |
Loan Eligibility for Salary Account SBI Personal Loan
| Eligibility | Details |
| Nationality | Indian citizen |
| Credit Score | Good score (as per bank policy) |
| Age | 21 – 60 years |
| Minimum Service | 6 months (Govt/Defence), 12 months (Corporate) |
| Salary Account | Required with SBI |
| Employment Type | Government, Defence, Corporate |
| Minimum Income | ₹20,000/month |
| Loan Amount | ₹1 lakh minimum; up to 65% EMI/NMI or 24× income |
Quick ways to get an SBI personal Loan as a Salaried Employee.
- Dial 1800 1234 for loan information
- Give a missed call on 7208933142
- Or send an SMS with the word “PERSONAL” to 7208933145 to receive a callback.
Are you looking for a personal loan?
Get Personal Loan Online Up to ₹15 Lakhs
By entering your number, you're agreeing to Terms & Conditions & Privacy Policy.
SBI Real Time XPress Credit Loan
Real Time XPress Credit Loan (RTXC) is a fully digital loan process offered by the State Bank of India.
Features of SBI Real-Time Express Credit Loan
| Feature | Details |
| Loan Type | RTXC loan for SBI salary account holders |
| Loan Amount | Up to ₹35 lakhs |
| Availability | 24/7 via YONO app |
| Interest Rate | 10.05% – 13.10% p.a. |
| Processing Fee | Up to 1.50% + GST |
| Prepayment Charges | 3% |
| Penal Interest | 2.4% (≤60 days), 5% (>60 days) |
| Loan Tenure | 6 – 72 months |
| Disbursal Mode | Online (DDE) or branch visit |
| Verification | Aadhaar OTP e-sign |
Loan Eligibility for SBI Real Time XPress Credit Loan
- Indian National
- Age Limit: 21-60 years
- The salaried employee should have a Salary Account with SBI.
- Minimum Monthly Income: ₹25000/-
- Loan Amount: Minimum of 1 Lakh and maximum of ₹35 lakhs, which can be up to 24 times of your net monthly income (NMI) or EMI/NMI Ratio upto 65% (whichever is lower).
SBI Pre-approved Personal Loans (PAPL)
Individuals have an SBI account can be offered a Pre-approved personal loan by the bank. The loan is offered through YONO app with instant approval & quick disbursal.
Features of SBI Pre-approved Personal Loans (PAPL)
- Pre-approved loan for SBI savings account holders via SBI YONO app.
- Convenient 24/7 service, eligibility determined by the bank.
- Low Interest rates & low processing fees
- No physical documentation, no branch visit needed.
- 24*7 availability through YONO & SBI Internet Banking
- Instant loan approval & disbursal in just 4 clicks.
Please note: PAPL is a pre-approved offer extended to select customers and does not constitute a final loan sanction. The actual sanction is subject to fulfillment of the applicable terms and conditions.
Get SBI Pre-Approved Personal Loan Instantly:
- SMS PAPL
to 567676
Be up to date with your credit score. Check it out for free now!
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 | 10.05% – 15.10% | Up to 1.50% + taxes |
| HDFC | 10.9% – 24% | Up to ₹6,500 + GST |
| ICICI | 10.85% – 16.65% | Up to 2% |
| Citibank | 11.49% – 20.49% | 0.25% – 3% |
| Axis | 11.25% – 22% | Up to 2% + GST |
| IndusInd | Starts at 10.49% | Up to 3.5% |
| Yes Bank | 11.25% – 21% | 2.50% |
| Shriram City | 11% – 42% | Up to 5% |
Features of SBI Personal Loan
Here are the exclusive features and benefits of an SBI personal loan
Instant Loan Approval
Get your loan approved within minutes.
Flexible Repayment
Choose your preferred repayment tenure
Flexibility
Can be used for a variety of purposes.
Low Interest Rates
Starting from 11% p. a
No Collateral
Get fund without risking your assets.
Zero Hidden Charges
No hidden charges
and extra penalties.
Documents Required for SBI Personal Loan
Here is a table for SBI Personal Loan documents required when applying for an SBI Personal Loan:
| Identity Proof | PAN Card, Voter ID, Driving License, Passport |
| Income Proof | Salary slip, Form 16, bank statement (6 months), ITR (2 years) |
| Address Proof | Electricity bill, Ration card, Voter ID, Passport |
| Other Documents | Application form, fee cheque, employer letter |
Get a quick loan at low interest rates
4 Easy 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.
Ready to take the next step ?
Get Personal Loan Online Up to ₹15 Lakhs
By entering your number, you're agreeing to Terms & Conditions & Privacy Policy.
SBI Personal Loan for Government Employees
State Bank of India (SBI) offers personal loans for government employees with maximum benefits and tailored terms and conditions to suit financial needs. Here are the highlights of the SBI Personal Loan for Government Employees:
Loan Amount: Minimum: ₹1 Lakh to Maximum: ₹35 lakhs.
Interest Rate: 10.05% p.a.
Work experience: Minimum of 6 months
Repayment Period: Loan tenure: 6 months to 6 years or up to the residual job period
Collateral: No collateral or security is required
Credit Score: Good CIBIL score required as per bank’s policy.
Eligibility: Government employees from various departments, central and state PSUs, educational institutions, and select corporates with a business relationship with SBI. Defense sector employees are also eligible.
Download the Buddy Loan App Now!
One solution to each of your financial needs at your fingertip.
Scan to download now
