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SBI Personal Loan

SBI offers personal loans at interest rates starting from 10% p.a. depending on the credit profile of the applicants. The bank offers personal loans only to salaried individuals having their salary account with SBI.
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SBI Personal Loan - Quick Overview

  • Interest rates range from 10.00% - 15.00% p.a.
  • Loan amount of up to Rs. 50 lakh.
  • Loan tenure up to 7 years.
  • Pre-approved personal loans offered to select existing customers.
  • Personal loans only to salaried individuals maintaining their salary account with SBI.
  • End-to-end digital personal loan through YONO app and web.

Key Highlights at a Glance

Interest Rate 10.00% - 15.00% p.a.
Loan Amount Up to Rs. 50 lakh
Loan Tenure Up to 7 years
Processing Fee Up to 1.50% (Rs. 1,000 - Rs. 15,000)
Prepayment Charges Up to 2% of the prepaid amount

SBI Personal Loan Interest Rates

SBI personal loan interest rates range from 10% - 15% p.a. depending on the credit profile of the applicant. The bank usually sets its personal loan interest rates after factoring in the credit score, employment profile, monthly income, employer’s profile, EMI/NMI ratio, existing relationship with the bank, etc. of the applicants.

SBI Pension Loan Interest Rates

Product Type Interest Rate (p.a.)
SBI Pension Loan 11.30%
Jai Jawan Pension Loan 11.30%
Pension Loan to Treasury/PSU Pensioners 11.30% - 11.80%
Pre-approved Pension Loan 11.30%

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%

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How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Apply Now

Factors Affecting Your SBI Loan Rate

SBI personal loan interest rates depend on the following factors:

  • Credit Score: Applicants having a credit score of 760 and above usually have higher chances of getting their loans approved at lower interest rates.
  • Income and Employment Stability: Salaried individuals, specially those employed with government sectors and reputed private companies are usually offered lower interest rates as compared to self-employed individuals.
  • EMI/NMI Ratio: Individuals having their EMI/NMI ratio below 65% are considered creditworthy by SBI and are hence eligible for lower interest rates.
  • Existing Relationship with the Bank: Existing customers of banks and NBFCs having their loan/FD/current/savings account with the bank or have availed a credit card from the bank with a good repayment history are eligible for lower interest rates.

SBI Personal Loan EMI Calculator

SBI personal loan EMI calculator is a financial tool that helps in evaluating the total EMIs and interest cost payable throughout the loan tenure. Individuals can use the Personal Loan EMI Calculator available online on various banking websites or on financial platforms like Paisabazaar.

How to Use the EMI Calculator

The EMI calculators works in the following manner:

  • Visit the EMI calculator available online.
  • Enter the loan amount, interest rates and loan tenure.
  • Click on “calculate”.
  • The results are reflected instantly.

SBI Personal Loan EMI Examples

SBI Personal Loan EMI for Different Tenure:

Loan Amount (Rs.) Interest Rate (p.a.) Loan Tenure EMI (Rs.)
30 lakh 10% 7 49,804
30 lakh 10% 5 63,741
30 lakh 10% 3 96.802

SBI Personal Loan EMI for Different Interest Rates:

Loan Amount (Rs.) Interest Rate (p.a.) Loan Tenure EMI (Rs.)
30 lakh 10% 7 49,804
30 lakh 12% 7 52,958
30 lakh 15% 7 57,890

SBI Personal Loan EMI for Different Loan Amounts:

Loan Amount (Rs.) Interest Rate (p.a.) Loan Tenure EMI (Rs.)
30 lakh 10% 7 49,804
35 lakh 10% 7 58,104
40 lakh 10% 7 66,405

SBI Personal Loan Eligibility Criteria

Eligibility for Salaried Individuals

Eligibility Criteria Details
Age 21 - 60 years
Employment Profile Employees working with defence/government/corporate sector
Salary account Maintained with the bank (mandatory)
Minimum Experience Corporate employees - 1 year

Government/defence employees - 6 months
Minimum Monthly Income Corporate employees - Rs. 25,000 Government/defence employees - Rs. 20,000
Nationality Indian national

Eligibility for Penioners

Eligibility Criteria Details
Age Below 76 years
Pension account Maintained with the bank
Job Profile Central and state government/defence/family pensioners

CIBIL Score Requirement

SBI has not disclosed the eligible CIBIL score required to avail personal loans. However, applicants having a CIBIL score of 760 and above usually have higher chances of loan approval at lower interest rates

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Documents Required for SBI Personal Loan

Below is the list of SBI personal loan documents for salaried individuals:

  • Duly-filled application form along with the applicant’s photograph
  • PAN
  • At least one copy of the Officially Valid Documents (OVDs)
  • Latest ITR or Form 16 (Not needed for salaried individuals not paying income tax)
  • Past 6 months’ salary slips
  • Salary account statement of the past 6 months

How to Apply for SBI Personal Loan Online in 2026

Apply via YONO App

  • Access your account via the YONO app.
  • Tap on the personal loan banner to get started.
  • Fill in your Date of Birth and PAN details.
  • Select the loan amount and repayment tenure.
  • Enter the OTP for verification, and the funds will be credited to your account.

Apply via Paisabazaar

As SBI offers personal loans to applicants having their salary account in SBI, other applicants can apply for personal loan through Paisabazaar by following the steps mentioned below.

  • Login to Paisabazaar Loan app.
  • Click on “Personal Loans” on the dashboard.
  • The app analyses your credit profile.
  • Customized offers from partner lenders are displayed on the screen.
  • Apply for the lender best suiting your requirements.

Some applicants may get better offers from other lenders than that offered by SBI. In such cases, applicants can apply for personal loan through Paisabazaar by following the steps mentioned above.

SBI Pre-approved Personal Loan (PAPL)

  • Instant loan processing and disbursal.
  • Offered to select existing customers having a good credit profile.
  • Loan amount of up to Rs. 15 lakh.
  • Available through the YONO App.
  • Requires no paperwork or branch visits.
  • Available 24*7 basis.
  • SBI account holders are eligible.

SBI Personal Loan Fees and Charges

Below-mentioned are the fees and charges levied on SBI personal loan applicants:

Particulars Charges
Processing Fees Up to 1.50% (Rs. 1,000 - Rs. 15,000)
Prepayment Charges Up to 2% of the prepaid amount
Penal Charges 2.40% - 5% p.a.

SBI Personal Loan vs Other Banks – Comparison 2026

Bank/NBFCInterest Rates (% p.a.)
Aditya Birla Finance10.99 onwards
Axis Bank9.99 onwards*
Bank of Baroda10.15-18.00
Bajaj Finance Limited10.00-30.00
Bank of India10.85-16.15
Bank of Maharashtra8.75-13.55
Canara Bank9.70-15.15
Central Bank of India9.85-11.65
Cholamandalam IFC10.00-28.00
Dhani Loans & Services Ltd.13.99 onwards
Federal Bank12.00 - 22.50*
HDB Financial Services10.00 - 35.00
HDFC Bank9.99 onwards
Hero FincorpUp to 30*
HSBC Bank9.75 onwards
ICICI Bank9.99 onwards
IDFC FIRST Bank9.99 onwards
IIFL Finance12.00 - 28.00
Indian Overseas Bank10.25 onwards
IndusInd Bank10.35 onwards*
Kotak Mahindra Bank9.98 onwards*
L&T Finance11.00 onwards
Mahindra Finance8.00 - 25.00
Mannapuram Finance18.00 - 24.00
Moneyview14.00 onwards
Muthoot Finance13.50 onwards
Piramal Finance12.14 onwards
Poonawalla Fincorp9.99 onwards
Punjab & Sind Bank9.60-13.85
Punjab National Bank10.25-16.80
Shriram Finance11.00 onwards
Tata Capital10.99 onwards
UCO Bank9.95 - 13.20
Union Bank of India8.75 - 12.55
Note: Rates as of 1st May 2026

SBI Personal Loan Schemes - Complete List

SBI Personal Loan to Salaried Employees

  • Offered to salaried employees having their salary accounts with SBI.
  • Loan amount of up to Rs. 35 lakh.
  • Tenure up to 7 years.

SBI Pre-approved Personal Loan (PAPL) on YONO

Offered to savings account holders of SBI through the SBI YONO App or through the internet banking facility.

SBI Real Time Xpress Credit

  • End-to-end digital loan for salaried customers maintaining salary accounts with SBI.
  • Available through the SBI YONO app.
  • Instant loan disbursal.
  • Loan amount of up to Rs. 50 lakh.

SBI Personal Loan to Pensioners

  • Offered to central/state government/defence/family pensioners.
  • Pension accounts maintained with SBI.
  • Loan amount of up to Rs. 20 lakh.
  • Tenure of up to 6 years.

Tips to Improve SBI Personal Loan Approval Chances

You can improve your SBI personal loan approval chances in the following manner:

  • Maintain a credit score of 760 and above.
  • Keep EMI/NMI ratio below 65%.
  • Show job and income certainty .
  • Keep credit utilization low.
  • Avoid multiple loan applications in a short span.
  • Add a co-appliant with a strong credit profile.

Common Reasons for SBI Personal Loan Rejection

  • Low credit score.
  • High credit utilization ratio.
  • Incomplete or wrong documents.
  • Many loan applications in a short span.
  • High EMI/NMI ratio.
  • Unstable employment.
  • Inconsistent or low income.

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Apply Now

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FAQs

Employees of central/state government or corporate sector maintaining their salary account with SBI are eligible for SBI personal loan.

No, SBI offers personal loans only to salaried employees maintaining their salary accounts with the bank.

The minimum salary requirement for personal loan is Rs. 20,000 for government/defence sector employees and Rs. 25000 for corporate employees.

Applicants having a CIBIL score of 760 and above can avail SBI personal loans.

A CIBIL score of 760 and above is usually considered good for availing personal loans.

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I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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