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SBI Personal Loan Interest Rates

SBI Personal Loan Interest Rates start from 10.05% p.a. The bank offers personal loans for loan amounts of up to Rs 35 lakh with a repayment tenure of up to 7 years. Below is an overview of the factors affecting SBI Personal Loan interest rates and tips to avail them at lower rates.

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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
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Low Processing fee
Max. Loan Amt.Upto ₹40L
Rate of Interest9.99% - 17.15%
Tenure upto1-5 Years
Processing Fee1% - 1.5%
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Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%

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SBI Personal Loan Interest Rates [September 2025]

SBI personal loans interest rates range from 10.05% to 15.05% p.a. based on 2 year MCLR @ 8.80%. However, the bank has not explicitly disclosed how factors such as credit score, employer’s profile, monthly income, and loan amount impact the interest rates for its personal loan schemes. Nevertheless, most lenders usually consider these factors when determining the interest rates for personal loans.

SBI Pension Loan Interest Rates for Various Schemes

Stated below are the interest rates of Pension Loan Schemes based on 2-year MCLR @ 8.85%:-

Scheme Spread over 2-year MCLR Interest Rates (p.a.)
SBI Pension Loan 2.55% 11.60%
Pension Loan to Treasury/ PSU Pensioners* 2.55% - 3.05% 11.60% - 12.10%
Jai Jawan Pension Loan 2.55% 11.60%
Pre-Approved Pension Loans (PAPNL) 2.55% 11.60%

Note: *A premium of 0.50% will be charged if their pension payment authority does not provide a written undertaking stating that it won't allow pension transfer to another bank or branch without a No Objection Certificate (NOC) from SBI.

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How You Can Calculate Your EMI on SBI Personal Loan

You can easily calculate your EMI for an SBI Personal Loan using Paisabazaar’s Personal Loan EMI Calculator. Just enter the loan amount, interest rate, and tenure to get an instant estimate of your monthly repayment amount.

It allows you to compare different loan options, adjust loan tenure as per your repayment capacity. This helps you plan your finances better by giving you a clear picture of your monthly outgo and avoiding any future financial stress.

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.

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Is SBI Personal Loan on Fixed or Floating Interest Rates

SBI offers personal loans at fixed interest rates to its applicants. The loan is linked to 2 year MCLR of the bank. The current 2 year MCLR stands at 8.80% p.a.

SBI Personal Loan Processing Fees and Other Charges

Processing Fees Structure

Particulars Charges
Defense sector employees 100% waiver
Government sector employees & Applicants with CIBIL score ≥ 800 50% waiver, i.e., 0.75% of the loan amount (Rs 1,000-Rs 15,000)
Other salaried employees Up to 1.5% of the loan amount (Rs 1,000-Rs 15,000)
Platinum & Rhodium variant Salary Package customers
 100% waiver
Customers having a CIBIL Score of 800 and above 50% waiver, i.e., 0.75% of the loan amount (Rs 1,000-Rs 15,000)

 Other Charges Applicable

Particulars Charges
Prepayment Charges 2% on the prepaid amount
Penal Interest on EMI Default - For delays up to 60 days: 2.40% p.a. on the overdue amount

- For delays beyond 60 days: 5% p.a. on the outstanding balance

Tips to Get Lower Interest Rates on SBI Personal Loan

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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Step 1: Enter your mobile number in the application form

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FAQs

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

SBI offers personal loan to only salary account holders who maintain salary account with SBI. The final interest rate would depend on the work profile of an 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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Last updated: 1 September, 2025

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