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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 ₹40L
Rate of Interest9.99% - 17.15%
Tenure upto1-5 Years
Processing Fee1% - 1.5%
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

Got loan yesterday

I got a loan of 2 lakh from Paisabazaar. Until now, I didn&#x27;t know that it was so easy to get loan through Paisabazaar. They helped me with all documents and process and my loan was sanctioned yesterday itself.

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Great Customer support and response

Quick and efficient support team of Paisabazaar. Proper knowledge of product and good customer relationship by Abhishek Singh.

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ABhisekh BordoloiSep 21, 2025

Got personal loan from Paisabazaar

I applied for personal loan from paisabazaar and it was disbursed in 2 days. My immediate requirement was fulfilled just in time. Thanks guys for the prompt response and quick approval.

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Pranoy SenSep 19, 2025

Got personal loan from Paisabazaar

I applied for personal loan from paisabazaar and it was disbursed in 2 days. My immediate requirement was fulfilled just in time. Thanks guys for the prompt response and quick approval.

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Pranoy SenSep 19, 2025

Feedback - Customer support

I recently received a quick loan through PaisaBazaar, and I want to sincerely appreciate the excellent customer support I received from Ms. Abhinaya ( Customer EW33882) During a critical financial situation, her guidance and support were truly exceptional. She was patient, professional, and empathetic throughout the process, making sure I understood everything clearly and felt confident in my decisions. Thank you, Ms. Abhinaya, and PaisaBazaar, for being there when I needed it most.

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EZAKIEL BSep 18, 2025

Exceptional Support During Loan Process

I’m writing to express my sincere appreciation for Mohammad Shazeb (Employee Code: EW33348) for the excellent support he provided during my recent loan process. There was a complication with the KYC verification, and Shazeb handled it swiftly and professionally. He ensured that I received regular updates, explained the resolution steps clearly, and most importantly, resolved the issue quickly.

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Abhishek ThakurSep 1, 2025

Outstanding Assistance from Ms. Seema Kumari

I would like to express my sincere appreciation for Ms. Seema Kumari (Employee ID: EW32347) for her exceptional support in helping me secure a personal loan.

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Abdul ShaikhAug 23, 2025

Excellent Support and Guidance from Ms. Yashi Saxena

I had the opportunity to interact with Ms. Yashi Saxena (Employee Code: AW22197) while applying for a loan from Poonawalla Fincorp. I am extremely satisfied with her guidance, support, and professionalism throughout the process. She explained each step very clearly, helped me understand the details, and ensured that the process went smoothly. Her assistance made my loan journey hassle-free.

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Jitendra WaskelAug 14, 2025

Loan from paisabaAar

Get a personal loan from paisabaaz customer support is very supportive loan disburse in 2 days thanks team

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DeeptiAug 2, 2025

Compare and Applied

Hi, I can easily choose the right loan offers for me with the help of Paisabazaar. Previously, I tried fincover for the same, but I can decide while checking with you. Thank you

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ajayJul 24, 2025
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