हिंदी में पढ़े
| SBI Marriage Loan Highlights | |
| Interest Rate | 11.05%-15.05% p.a. |
| Loan Amount | Up to Rs 20 lakh |
| Tenure | Up to 6 years |
| Processing Fee | Up to 1.50% (Rs 1,000-Rs 15,000) |
| Minimum Monthly Salary | Rs 15,000 |
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Table of Contents
SBI Marriage Loan Interest Rates
SBI Xpress Credit
For Defense/Para-military/Indian Coast Guard Salaried Applicants
| Types | Interest Rates (p.a.) |
| Term Loan | 11.05%-12.55% |
Applicants of Central Govt./ State Govt./ Police / Railway/ Central Public Sector Enterprises (CPSEs) Considered Under ‘RATNA’ Status
| Types | Interest Rates (p.a.) |
| Term Loan | 11.05%-13.55% |
Applicants of Other Corporates
| Types | Interest Rates (p.a.) |
| Term Loan | 12.05%-14.05% |
SBI Xpress Elite Scheme
| Types of Applicants | Interest Rates (p.a.) |
| Salary Account Holders with SBI | 11.05%-11.55% |
| Applicants having salary accounts with other banks | 11.30%-11.80% |
SBI Xpress Flexi Scheme
| Types | Interest Rates (p.a.) |
| For Diamond Salary package Customers | 11.30%-14.30% |
| For Platinum Salary package Customers | 11.30%-12.05% |
Xpress Lite Scheme
1% higher than Xpress Credit scheme for all brackets
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SBI QUICK PERSONAL LOAN SCHEME THROUGH CLP PORTAL
(for customer not maintaining salary account with SBI)
0.25% higher than Xpress Credit Scheme for all Brackets
Other Schemes
| Products | Rate of Interest (p.a.) |
| Xpress Credit Insta Top-up Loans | 12.15% |
| Pre-approved Personal Loans (PAPL) to Non CSP Customers | 13.55%-14.05% |
SBI Pension Loan Schemes
| Schemes | Interest Rates (p.a.) |
| SBI Pension Loan | 11.20% |
| Jai Jawan Pension Loan | 11.20% |
| Pension Loan Scheme For Treasury & PSU Pensioners | 11.20%-11.70% |
| Pre-Approved Pension Loans(PAPNL) | 11.20% |
| Pre-approved Insta Pension Top-Up | 11.20% |
Know more about SBI Personal Loan Interest Rates
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Personal Loan Interest Rates for Marriage Offered by Top Lenders
| Banks/NBFCs | Interest Rates(p.a.) | |
| Axis Bank | 10.49% onwards | Apply Now |
| IndusInd Bank | 10.49% onwards | Apply Now |
| IDFC First Bank | 10.49% onwards | Apply Now |
| HDFC Bank | 10.50% onwards | Apply Now |
| ICICI Bank | 10.50% onwards | Apply Now |
| Kotak Mahindra Bank | 10.99% onwards | Apply Now |
| Tata Capital | 10.99% onwards | Apply Now |
| Bajaj Finserv | 11.00% onwards | Apply Now |
| Federal Bank | 11.49% onwards | Apply Now |
| DMI Finance | 12.00% - 40.00% | Apply Now |
| L&T Finance | 12.00% onwards | Apply Now |
| Kreditbee | 12.25% - 30.00% | Apply Now |
| MoneyTap | 12.96% onwards | Apply Now |
| Piramal Finance | 12.99% onwards | Apply Now |
| Aditya Birla | 13.00% onwards | Apply Now |
| MoneyView | 15.96% onwards | Apply Now |
| Cashe | 27.00% onwards | Apply Now |
Also know the banks and NBFCs for best personal loans in India
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SBI Marriage Loan Processing Fees and Charges
| Processing Fee | Up to 1.50% of loan amount |
| Penal Interest | 2% per month |
| Pre-payment charges | 3% on prepaid amount |
Also know the personal loan processing fees charged by top lenders
EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
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Eligibility Criteria for SBI Marriage Loan
- Applicants may or may not have salary account with SBI
- Employees working with Central/State/Quasi government, reputed educational institutions, Public Sector Units, public and private corporates, Central/State government pensioners, defence pensioners and family pensioners are eligible for SBI marriage loan
- Minimum monthly income required is Rs 15,000
- Credit Score: While SBI has not specifically mentioned the cut-off credit score for availing its personal loan. However, personal loan applicants having credit score of 750 & above would have higher chances of loan approval at lower interest rates.
Also Read: What is the minimum CIBIL score for SBI personal loans?
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Documents Required for SBI Marriage Loan
- ID Proof/Address Proof, with 2 passport size photographs
- ITR
- Bank account statement for last 6 months
- Recent salary slip
Know more about SBI Personal Loan Documents required for loan application
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SBI Personal Loan Customer Care
Toll free number:
1800 11 2211
1800 425 3800
1800 1234
1800 2100
Know more about SBI Personal Loan Customer Care Number and grievance redressal process
FAQs
Q. How long does it take for SBI Marriage Loan to get disbursed?
Ans. SBI has not disclosed the turnaround time for disbursal of personal loan. Most lenders generally disburse personal loans within 2-7 working days from the date of loan application. However, SBI offers pre-approved personal loans through YONO app to select customers having SBI savings account. Other lenders providing pre-approved instant personal loans to select customers include ICICI Bank, HDFC Bank, Bajaj Finserv and Axis Bank.
Q. Can I choose between a fixed and floating interest rate while availing SBI Marriage Loan?
Ans. SBI does not offer personal loans at floating interest rates. It offers marriage loans at fixed rate of interest.
Q. Are there any restrictions on prepayment of SBI Marriage Loan?
Ans. The applicants prepaying the loan amount in full or part are charged 3% on prepaid amount. No prepayment charges are levied if the account is closed from the proceeds of new loan account opened under same scheme
Q. At what minimum credit score can the applicants avail SBI Marriage Loan?
Ans. SBI has not specified any cut-off credit score for personal loan applicants. However, a credit score of 750 and above would increase the chances of availing SBI Marriage Loan at lower interest rates.