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SBI Personal Loan Interest Rates

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SBI Personal Loan - Interest Rates 2026

State Bank of India offers personal loan interest rates starting from 10.05% p.a. onwards. The bank offers special interest rates to individuals employed in Defence, Para-military and Indian Coast Guards @ 10.50% p.a.

SBI Personal Loan Schemes Interest Rate (p.a.)
Regular Personal Loan 10.05% - 15.05% p.a.
Defence/Para-military/Indian Coast Guards 10.50% p.a.
SBI Pension Loan 11.35% p.a.
Jai Jawan Pension Loan 11.35% p.a.
Pension Loan to Treasury/PSU pensioners 11.35% - 11.85% p.a.
Pre-approved Pension Loans 11.35% p.a.

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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 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%
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SBI Personal Loan Interest Rates vs Other Lenders- Comparison Table

Personal Loan Interest Rates by Other Banks/NBFCs

Bank/NBFC Interest Rates (% p.a.) Processing Fees
Aditya Birla Finance 10.99 onwards Up to 4%
Axis Bank 9.99 onwards Up to 2%
Bank of Baroda 10.15-18.05 Up to 2% (Max. Rs. 10,000)
Bajaj Finance Limited 10.00-31.00 Up to 3.93%
Bank of India 10.85-16.25 Up to 1% (Min. Rs. 250; Max. Rs. 15,000)
Bank of Maharashtra 8.75-13.55 Up to 1% (Max. Rs. 10,000)
Canara Bank 9.70-15.15 Up to 0.25% (Max. Rs. 2,500)
Central Bank of India 9.65-11.55 Up to 1%
Cholamandalam IFC 10.00-28.00 4% - 6%
Dhani Loans & Services Ltd. 13.99 onwards 3% onwards
Federal Bank 11.99 onwards Up to 2%
HDB Financial Services 10.00 - 35.00 Up to 5.90%
HDFC Bank 9.99 onwards Up to Rs 6,500
Hero Fincorp 19 onwards 2.3% - 3%
HSBC Bank 9.95-12.00 Up to 2%
ICICI Bank 10.45 onwards Up to 2%
IDFC FIRST Bank 9.99 onwards Up to 2%
IIFL Finance 12.75 - 44.00 2% - 9%
Indian Overseas Bank 10.25 Up to 0.75%
IndusInd Bank 10.35 onwards* Up to 3.5% (2% for instant personal loans for limited period)
Kotak Mahindra Bank 9.98 onwards* Up to 5%
L&T Finance 11.00 onwards Up to 3%
Mahindra Finance 8.00 - 25.00 2% of loan amount or Rs. 5,000, whichever is lower
Mannapuram Finance 18.00 - 24.00 1% of loan amount
Moneyview 10.00 onwards 2% onwards
Muthoot Finance 13.50 onwards Varies for each application
Piramal Finance 12.14 onwards Up to 5%
Poonawalla Fincorp 9.99 onwards Up to 3%
Punjab & Sind Bank 9.60-13.85 0.50% - 1%
Punjab National Bank 10.25-16.80 Up to 1%
Shriram Finance 11.00 onwards Up to 5%
Tata Capital 10.99 onwards Up to 3.5%
UCO Bank 9.95 - 13.20 Up to 1% (Min. Rs. 750)
Union Bank of India 8.75 - 12.20 Up to 1% (Max. Rs. 7,500)

*Paisabazaar special rates

Note: Rates as of 5th January, 2026

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 Get a Lower Interest Rate from SBI

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

Maintain a Good Credit Score

Maintain a credit score of 750 or above, as it is preferred by most lenders to get a personal loan at lower interest rates. Making timely repayments and managing credit responsibly can help improve your credit score.

Compare SBI Personal Loan Rates Online

Use financial marketplaces to compare SBI's personal loan interest rates with other lenders, ensuring you get the best deal.

Check for Pre-approved Loan Offers

SBI provides pre-approved personal loan offers to its eligible customers. Reach out to the bank or SMS “PAPLSBI Savings Bank Account No.” to 567676 to find out if you're eligible for any pre-approved offers at preferential rates.

Watch for SBI's Festive Offers

Most lenders offer special interest rate concessions during festive seasons. SBI currently does not offer special discounts or offers on its personal loan interest rate. Keep an eye on such offers to get the lowest rates on personal loans.

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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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All Your Needs

FAQs

SBI offers personal loan interest rates ranging from 10.05% – 15.05% p.a. depending on the credit profile of the applicants. The interest rates may also vary depending on the personal loan schemes offered by the SBI and the work profile of the applicants.

SBI offers personal loans only to salaried individuals who maintain a salary account with SBI. Currently, the SBI personal loan interest rate for salary account holders starts at 10.05% p.a.The final interest rate would depend on the work profile of the applicant, credit score, monthly income and other eligibility criteria.

The interest rate for an SBI Personal Loan starts from 10.05% p.a. for loan amounts up to Rs. 35 lakh. The final interest rate would depend on the credit score, occupation, monthly income and other eligibility criteria.

SBI offers personal loans to its applicants at fixed interest rates. The loan is linked to 2 year MCLR of the bank.

The EMI of your personal loan of Rs. 5 lakh would depend on the interest rate and loan tenure offered by SBI. For instance, for a Rs. 5 lakh SBI Personal Loan at an interest rate of 11% p.a. for 3 years, the EMI would be approximately Rs. 16,369.

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What our customers say

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20th Jan 2026Jan 20, 2026

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Easy personal loan available

Took personal loan. Good experience.

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There was a complication with my KYC verification. Paisabazaar’s 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. His prompt assistance and communication made the entire experience smooth and stress-free. Thanks to his efforts, the loan process was completed without further delays.

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Abhishek ThakuraJan 14, 2026
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