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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 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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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

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 14th 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:

  • 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 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

Explore Our Personal Loan Lenders

HDFC BANKHDFC BANKAxis BankAxis BankKotak Mahindra BankKotak Mahindra BankICICI BankICICI BankFederal BankFederal BankIDFC First BankIDFC First BankIndusind BankIndusind BankRBL BankRBL BankTata CapitalTata Capital
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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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I would like to share my feedback regarding my recent interaction with Mr. Vipin Singh (employee id EW12967) After discussing the financial matters with him, I felt very satisfied with his approach and professionalism. He explained everything clearly, handled the discussion patiently, and ensured that all concerns were addressed effectively. His communication skills, positive attitude, and dedication towards his responsibilities truly reflect his commitment to the organization.

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20th Jan 2026Jan 20, 2026

Meri shaddi thi

Shadi mai bht kharche hote hai. Maine shaddi ke liye personal loan paisabazaar se liya tha. Process smooth tha or interest bhi sahi milla.

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Travel ke liye personal loan liya tha

Mai bohot din se out of India ghumne jana chahti thi lekin jab jane ka time mila toh budget kaam padh raha tha, Paisabazaar se personal loan leke bht acha trip kiya. Maza agaya. Mere upar koi burden bhi nhi padha

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Tarini RoyJan 14, 2026

Easy personal loan available

Took personal loan. Good experience.

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Ruchika TiwariJan 14, 2026

Stress-free Laon Borrowing Process

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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