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SBI Personal Loan Application Form

State Bank of India offers various personal loan schemes like Xpress Credit Loan, SBI Pension Loan and Xpress Power to different segments of borrowers. Suitable for financing various personal needs, SBI personal loan disbursals can go up to Rs. 20 lakh.

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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
Axis Bank
Low Processing fee
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%

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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

Eligibility for SBI Personal Loan

The following are the key eligibility criteria for different types of SBI personal loans:

1. SBI Xpress Credit Personal Loan

  • You must have a salary account with SBI
  • You should be an employee of central/state/quasi government organization/central or state govt. PSUs/educational institutions of national repute/selected corporates with or without relationship with the bank
  • Your minimum monthly income should be Rs. 15,000
  • Your EMI/NMI ratio should be less than 50%

2. SBI Xpress Bandhan

  • You should not be having a salary account with SBI
  • You should be an employee of Central/State Governments/Defence Establishments, PSUs, Quasi Government Bodies, Select Rated Corporates, Educational Institutions of National Repute
  • Your minimum monthly income should be Rs. 50,000
  • Your EMI/NMI ratio should not be more than 50%

3. SBI Pension Loan

The following are the key features of the SBI pension loan for different categories of applicants:

For Central & State Government Pensioners:

  • The pensioner’s age should be below 76 years
  • Must have SBI pension account and the account needs to be maintained in good standing during the loan tenure
  • Applicant needs to submit declaration to treasury preventing transfer pension payment to pension account of any other bank till a NOC is issued by SBI

For Defence Pensioners:

  • Applicant should be a pensioner of Armed Forces such as Navy, Army, Air Force, Coast Guard, Para-military Forces (eg. CRPF, CISF, BSF, ITBP, etc.), Rashtriya Rifles, Assam Rifles, etc.
  • Pension payment order of the prospective applicant should be maintained with SBI
  • Maximum age for loan eligibility is less than 76 years.

For Family Pensioners:

  • Family pensioners are authorized members of the pension recipient’s family who are eligible to receive a pension even after the death of the pensioner.
  • The maximum age of family pensioner should be 76 years to be eligible for the SBI Pension Loan

Documents Required to Apply for SBI Personal Loan

The documents to avail SBI personal loan may vary for different schemes available under the SBI Personal Loan category. However, the list of basic documents is as follows:

  • Identity proof: Passport, Pan Card, Voter Identity Card, Driving License, Aadhaar Card
  • Address proof: Ration Card, Bank Account Statement, Passport, Driving License, Electricity Bill, Telephone Bill, Sale Deed/Property purchase agreement(for owned properties), Aadhaar Card
  • Income proof: Bank Account Statement, Salary Slips

Process to Apply for SBI Personal Loan

Online

Here is the step-to-step guide to apply for SBI Personal Loan online:

Step 1: Visit the official page of SBI Personal Loan

Step 2: Choose the type of personal loan from the given options

Step 3: Click ‘Apply Now’

Step 4: Now you will be redirected to new tab to enter the details

Step 5: Enter the details required and click ‘Submit’

Step 6: Proceed with the same process and click ‘Submit’

Step 7: After you have successfully applied for the personal loan you will receive the notification on your registered mobile number and email id.

Offline

To apply for a SBI personal loan offline, you are required to visit the nearest SBI branch in-person along with all relevant documents. After that,

  • Fill the loan application form and submit to the customer representative along with the documents.
  • You will receive notification for the same and will be provided loan application reference number from the representative.
  • You can use this reference number to track the status of your loan at a later date.

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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

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What our customers say

Highly recommended platform

I applied for a personal loan for medical emergency through Paisabazaar and got amazing service like nowhere else. The team was extremely cooperative and followed up with me until I had my loan amount in my account. My loan was disbursed within 24 hours. It is indeed an excellent platform for taking loans.

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Sunil YadavOct 29, 2025

Instant loan disbursal

I applied for a personal loan through Paisabazaar and got my loan disbursed in no less than 24 hours. The team was extremely cooperative, guided me through the entire process and followed up with me until I had my loan amount in my account. I highly recommend this platform to everyone looking for an urgent loan.

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Excellent platform

Excellent platform for personal loan comparison! Their EMI calculator helped me pick the best tenure & my monthly emi.

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Priyanka SharmaOct 15, 2025

Got personal loan in a few minutes

I had pre-approved offers. When I applied through Paisabazaar, I got my personal loan approved within a few minutes. The process was very hassle-free and the team was extremely cooperative.

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Preeti SinghSep 26, 2025

Cibil kam tha fir bhi loan dila diya

Mera cibil kam tha fir bhi paisabazaar walo ne loan dila diya mujhe jo bohot jaruri tha.

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Pawan SehrawatSep 25, 2025

Personal loan quick approved

My personal loan was quick approved on Paisabazaar. Everything was online and I was not required to submit any more documents.

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Vivaan ShahSep 24, 2025

Loan Approved in on day

I confused between HDFC & Axis personal loans, but Paisabazaar showed me all the offers side by side. I apply in 10 minutes and got approval the next day!

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Rahul MehtaSep 23, 2025

Personal loan mila yahaan se

Mujhko personal loan mila yahaan se bina koi dikkat hue. Maine toh online apply kiya aur 3 lakh ka loan mila 2 saal ke liye.

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Pankaj SinhaSep 22, 2025
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