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...

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Google Play Store

4.5_/5

15.5L Reviews

5.7cr+Satisfied Customers

65+Lending Partners

₹65k Cr+Loans Disbursed

Competitive Interest Rates

Curated offers from 30+ lenders

Quick Loan Approval

Money in your account instantly

Digital Documentation Process

Offers ranked according to eligibility

Instant Loan Disbursal

Hassle-free & paperless

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 Fee₹ 6,500

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

SBI Personal Loan Interest Rates vs Other Lenders- Comparison Table

Factors Affecting SBI Personal Loan Interest Rates

How to Get a Lower Interest Rate from SBI

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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?

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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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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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SBI Personal Loan Interest Rates

SBI Personal Loan - Interest Rates 2026