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SBI Personal Loan Interest Rates

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What are the SBI Personal Loan Interest Rates as of April 2026?

SBI Personal Loan Schemes Interest Rate (p.a.)
Regular Personal Loan 10.00% - 15.00% p.a.
Defence/Para-military/Indian Coast Guards 10.45% p.a.
SBI Pension Loan 11.30% p.a.
Jai Jawan Pension Loan 11.30% p.a.
Pension Loan to Treasury/PSU pensioners 11.30% - 11.80% p.a.
Pre-approved Pension Loans 11.30% 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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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

Apply Now

SBI Personal Loan vs Other Major Lenders (2026)

Bank/NBFCInterest Rates (% p.a.)
Aditya Birla Finance10.99 onwards
Axis Bank9.99 onwards*
Bank of Baroda10.15-18.00
Bajaj Finance Limited10.00-30.00
Bank of India10.85-16.15
Bank of Maharashtra8.75-13.55
Canara Bank9.70-15.15
Central Bank of India9.85-11.65
Cholamandalam IFC10.00-28.00
Dhani Loans & Services Ltd.13.99 onwards
Federal Bank12.00 - 22.50*
HDB Financial Services10.00 - 35.00
HDFC Bank9.99 onwards
Hero FincorpUp to 30*
HSBC Bank9.75 onwards
ICICI Bank9.99 onwards
IDFC FIRST Bank9.99 onwards
IIFL Finance12.00 - 28.00
Indian Overseas Bank10.25 onwards
IndusInd Bank10.35 onwards*
Kotak Mahindra Bank9.98 onwards*
L&T Finance11.00 onwards
Mahindra Finance8.00 - 25.00
Mannapuram Finance18.00 - 24.00
Moneyview14.00 onwards
Muthoot Finance13.50 onwards
Piramal Finance12.14 onwards
Poonawalla Fincorp9.99 onwards
Punjab & Sind Bank9.60-13.85
Punjab National Bank10.25-16.80
Shriram Finance11.00 onwards
Tata Capital10.99 onwards
UCO Bank9.95 - 13.20
Union Bank of India8.75 - 12.55
Note: Rates as of 17th April 2026

*Paisabazaar special rates

SBI Personal Loan vs Other Major Lenders (2026)

Below mentioned is the EMI for Rs. 10 lakh personal loan offered by SBI at different rates and tenure.

SBI Personal Loan EMI for Different Interest Rates

Loan Amount (Rs.) Interest Rate (p.a.) Tenure (years) EMI (Rs.)
10 lakh 10% 5 21,247
10 lakh 11% 5 21,742
10 lakh 12% 5 22,244

SBI Personal Loan EMI for Different Tenure

Loan Amount (Rs.) Interest Rate (p.a.) Tenure (years) EMI (Rs.)
10 lakh 10% 5 21,247
10 lakh 10% 4 25,363
10 lakh 10% 3 32,267

Inference:

  • Even a slight difference in interest rate increased the EMI substantially.
  • Longer tenure results in lower EMIs but higher overall loan cost.

What are the SBI Personal Loan Fees & Charges?

Particulars Charges
Processing fee Up to 1.50% of the Loan Amount (subject to minimum Rs. 1000/- & maximum Rs. 15,000/-), plus GST.
Penal Charges Up to 60 days - 2.40% p.a.

Beyond 60 days - 5% p.a.

Prepayment Charges 2% of prepaid amount

For further details click here.

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Who are Offered SBI Prepayment Charge Waivers?

SBI prepayment charges are waived off for the following categories closing their loans after 6 months from the date of sanction:

  • Defence sector employees
  • Employees of government/corporate sector
  • Platinum or Rhodium salary package customers

What is the SBI Personal Loan Eligibility Criteria?

The SBI personal loan eligibility criteria is given below:

  • Age between 21 to 60 years.
  • Individuals employed with government, defence and corporate sectors.
  • Applicants having their salary accounts maintained with SBI.
  • Minimum work experience of 1 year.
  • Minimum monthly salary of Rs. 25,000.
  • EMI/NMI ratio of up to 65%.
  • Credit score of 750 and above.

Proven Tips to Get a Lower 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.

Why Compare SBI Personal Loan Rates on Paisabazaar?

You should compare SBI personal loan interest rates on Paisabazaar for the following reasons:

  • Personalised offers based on your credit profile.
  • Quick eligibility check.
  • Shows pre-approved offers, if any.
  • Access to 30+ lenders in one place.
  • Transparent charges.
  • Free credit score check.

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.

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

Apply Now

Avail Personal Loan for
All Your Needs

Avail Personal Loan Banner

Avail Personal Loan for
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

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.

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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.

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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.

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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

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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.

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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.

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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

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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.

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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.

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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.

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Anuradha GuptaJan 21, 2026
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