Download AppWin Assured Cashback
Paisabazaar Logo - Compare loans and credit cards

SBI Personal Loan Interest Rate

4.5/5

15.6L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
Icon image of Competitive Interest Rates

Competitive Interest Rates

Curated offers from 30+ lenders

Icon image of Quick Loan Approval

Quick Loan Approval

Money in your account instantly

Icon image of Digital Documentation Process

Digital Documentation Process

Offers ranked according to eligibility

Icon image of Instant Loan Disbursal

Instant Loan Disbursal

Hassle-free & paperless

SBI Personal Loan Interest Rate - June 2026

SBI personal loan interest rate start from 10% p.a. depending on the credit profile of the applicants. The lender offers personal loans at fixed interest rates, i.e. the rates remain constant throughout the loan tenure.

Latest SBI Personal Loan Interest Rates (Scheme-wise)

Product Type Interest Rate (p.a.)
Regular SBI Personal Loan 10.00% - 15.00%
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%

Select Your Bank

50K1Cr
8%30%
1Y 10Y

Your Monthly EMI Payment

0

Principal Amount0
Interest Amount0
Total Amount0

Find Best Personal Loan Offers

Sort by:

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 Fee6,500
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%
Why Choose Paisabazaar?
image of Compare & Choose the <strong>Best Offer</strong>

Compare & Choose the Best Offer

image of Pre-approved Offers with <strong>Instant Disbursals</strong>

Pre-approved Offers with Instant Disbursals

image of Know Your <strong>Chances of Approval</strong>

Know Your Chances of Approval

image of End-to-End <strong>Digital Process</strong>

End-to-End Digital Process

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

How are SBI Personal Interest Rates Calculated?

SBI personal loan interest rates are calculated based on the following factors:

  • Credit score
  • Monthly income
  • Job profile
  • Employer’s profile
  • Type of personal loan scheme
  • Existing relationship with the bank

How to Get the Lowest SBI Personal Loan Interest Rate?

Applicants can follow the tips given below to avail SBI Personal Loan at lower interest rates:

  • Check your credit score regularly and maintain a strong credit profile.
  • Check for pre-approved offers.
  • Look for SBI festive offers.
  • Keep your EMI/NMI ratio up to 65%.
  • Maintain income and job stability.
  • Negotiate with the bank.

SBI Personal Loan Fees and Charges

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

  • Processing Fees - Up to 1.50% (Rs. 1,000 - Rs. 15,000)
  • Prepayment Charges - Up to 2% of the prepaid amount
  • Penal Charges - 40% - 5%

Avail Personal Loan for
All Your Needs

Avail Personal Loan Banner

Avail Personal Loan for
All Your Needs

Factors Affecting SBI Personal Loan Interest Rates

Employer’s Profile

  • Most banks and NBFCs usually offer preferential interest rates to salaried individuals as compared to the self-employed.
  • Government and PSU employees usually get personal loan at lower interest rates as compared to private employees, due to job security.
  • Employees of top private sector companies and MNCs may also get lower rates due to better financial stability.

Credit Score

While SBI does not explicitly disclose interest rate differentiation based on credit score, applicants with higher credit scores (750 and above) generally get personal loans at lower interest rates.

Monthly Income

  • Income Criteria: SBI requires a minimum monthly income of Rs 25,000 to be eligible for a personal loan.
  • EMI/NMI Ratio: The bank prefers that the total EMIs (including existing and proposed) do not exceed 65% of the applicant's monthly income.
  • Although SBI has not mentioned the interest rate differentiation based on the monthly income, many lenders offer preferential interest rates to applicants having higher monthly income due to the higher repayment capacity and low credit risk involved.

How to Apply for Personal Loan through Paisabazaar

You can apply for personal loans through Paisabazaar loan app in the following steps:

  • Login to the Paisabazaar app and click on “personal loans”.
  • Select your “occupation type” and “annual income”.
  • The app fetches your credit bureau details.
  • Curated loan offers from multiple lenders matching your credit profile are reflected on the screen.
  • Apply with the lender as per your requirement.

HDFC vs SBI Personal Loan Interest Rate Comparison

Features SBI Bank HDFC Bank
Interest Rate 10.00% - 15.00% p.a. 9.99% - 12.50% p.a.
Minimum Interest Rate 10.00% p.a. 9.99% p.a.
Maximum Loan Amount Up to ₹50 Lakh Up to ₹25 Lakh
Loan Tenure Up to 7 Years Up to 5 Years
Processing Fee Up to 1.5% (₹1,000 - ₹15,000) Up to ₹6,500
Prepayment Charges Up to 2% As per bank norms
Eligibility Salaried individuals with SBI salary account Salaried individuals
Disbursal Speed Via YONO & digital process 10-second disbursal for select customers
Best For Higher loan amount & longer tenure Lower starting interest rates & quick disbursal
Digital Process Yes Yes
Existing Customer Offers Pre-approved offers available Pre-approved instant offers available

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

Avail Personal Loan for
All Your Needs

Avail Personal Loan Banner

Avail Personal Loan for
All Your Needs

FAQs

What is the current SBI personal loan interest rate?

As of May 2026, the SBI personal loan interest rate ranges from 10% to 15% p.a.

What CIBIL score is required for SBI loan?

SBI has not disclosed its CIBIL score requirement. However, applicants having a credit score of 760 and above usually have higher chances of getting their personal loans approved.

What is the EMI for Rs. 5 lakh SBI personal loan?

The EMI of Rs. 5 lakh personal loan @ 10% p.a. for 7 years would be Rs. 8,301.

Is SBI personal loan interest rate fixed or floating?

SBI offers personal loans at fixed interest rates.

How is SBI personal loan interest rate calculated?

SBI personal loan interest rate is calculated after assessing the credit score, monthly income, job profile, employer’s profile, employer’s existing relationship with the bank and work experience of the applicants.

quotes icon

What our customers say

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

icon image of avatar
Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

icon image of avatar
Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

icon image of avatar
Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

icon image of avatar
DharmeshFeb 22, 2026

Committed support that made everything easy

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.

icon image of avatar
BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

icon image of avatar
Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

icon image of avatar
Kokil BarnwalFeb 12, 2026

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.

icon image of avatar
Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

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

icon image of avatar
Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

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.

icon image of avatar
Anuradha GuptaJan 21, 2026
View All Testimonials
Anubhuti Agrawal profile
Written ByLinkedIn icon
Anubhuti Agrawal
Shamik Ghosh profile
Reviewed ByLinkedIn icon
Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.

The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.

The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.

Address: Paisabazaar Marketing & Consulting Pvt. Ltd. 135 P, Sector 44, Gurugram (HR) 122001

Knapsack with coins

Check Best Personal Loan Offers
with Quick Disbursal

Scroll to top