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15.6L Reviews
15.6L Reviews
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 start from 10% p.a. depending on the credit profile of the applicants. The lender offers personal loans at fixed interest rates, i.e. the rates remain constant throughout the loan tenure.
| Product Type | Interest Rate (p.a.) |
|---|---|
| Regular SBI Personal Loan | 10.00% - 15.00% |
| SBI Pension Loan | 11.30% |
| Jai Jawan Pension Loan | 11.30% |
| Pension Loan to Treasury/PSU Pensioners | 11.30% - 11.80% |
| Pre-approved Pension Loan | 11.30% |
| Bank/NBFC | Interest Rates (% p.a.) |
|---|---|
| Aditya Birla Finance | 10.99 onwards |
| Axis Bank | 9.99 onwards* |
| Bank of Baroda | 10.15-18.00 |
| Bajaj Finance Limited | 10.00-30.00 |
| Bank of India | 10.85-16.15 |
| Bank of Maharashtra | 8.75-13.55 |
| Canara Bank | 9.70-15.15 |
| Central Bank of India | 9.85-11.65 |
| Cholamandalam IFC | 10.00-28.00 |
| Dhani Loans & Services Ltd. | 13.99 onwards |
| Federal Bank | 12.00 - 22.50* |
| HDB Financial Services | 10.00 - 35.00 |
| HDFC Bank | 9.99 onwards |
| Hero Fincorp | Up to 30* |
| HSBC Bank | 9.75 onwards |
| ICICI Bank | 9.99 onwards |
| IDFC FIRST Bank | 9.99 onwards |
| IIFL Finance | 12.00 - 28.00 |
| Indian Overseas Bank | 10.25 onwards |
| IndusInd Bank | 10.35 onwards* |
| Kotak Mahindra Bank | 9.98 onwards* |
| L&T Finance | 11.00 onwards |
| Mahindra Finance | 8.00 - 25.00 |
| Mannapuram Finance | 18.00 - 24.00 |
| Moneyview | 14.00 onwards |
| Muthoot Finance | 13.50 onwards |
| Piramal Finance | 12.14 onwards |
| Poonawalla Fincorp | 9.99 onwards |
| Punjab & Sind Bank | 9.60-13.85 |
| Punjab National Bank | 10.25-16.80 |
| Shriram Finance | 11.00 onwards |
| Tata Capital | 10.99 onwards |
| UCO Bank | 9.95 - 13.20 |
| Union Bank of India | 8.75 - 12.55 |
*Paisabazaar special rates
SBI personal loan interest rates are calculated based on the following factors:
| 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.
SBI personal loan EMI calculator is an online financial tool that calculates the total EMI and interest cost payable throughout the loan tenure. It helps the individuals assess their loan affordability, thereby, allowing them to make informed decisions.
Prospective borrowers can calculate their EMI using Loan EMI calculator in the following steps:
Below-mentioned if the eligibility criteria for SBI personal loan:
Below-mentioned are the fees and charges levied by SBI on its personal loan applicants:
Applicants can follow the tips given below to avail SBI Personal Loan at lower interest rates:
You can apply for personal loans through Paisabazaar loan app in the following steps:
| Features | SBI Bank | HDFC Bank |
|---|---|---|
| Interest Rate | 10.00% - 15.00% p.a. | 9.99% - 12.50% p.a. |
| Minimum Interest Rate | 10.00% p.a. | 9.99% p.a. |
| Maximum Loan Amount | Up to ₹50 Lakh | Up to ₹25 Lakh |
| Loan Tenure | Up to 7 Years | Up to 5 Years |
| Processing Fee | Up to 1.5% (₹1,000 - ₹15,000) | Up to ₹6,500 |
| Prepayment Charges | Up to 2% | As per bank norms |
| Eligibility | Salaried individuals with SBI salary account | Salaried individuals |
| Disbursal Speed | Via YONO & digital process | 10-second disbursal for select customers |
| Best For | Higher loan amount & longer tenure | Lower starting interest rates & quick disbursal |
| Digital Process | Yes | Yes |
| Existing Customer Offers | Pre-approved offers available | Pre-approved instant offers available |
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
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
As of April 2026, the SBI personal loan interest rate ranges from 10% to 15% p.a.
SBI has not disclosed its CIBIL score requirement. However, applicants having a credit score of 760 and above usually have higher chances of getting their personal loans approved.
The EMI of Rs. 5 lakh personal loan @ 10% p.a. for 7 years would be Rs. 8,301.
SBI offers personal loans at fixed interest rates.
SBI personal loan interest rate is calculated after assessing the credit score, monthly income, job profile, employer’s profile, employer’s existing relationship with the bank and work experience of the applicants.
The MCLR based SBI personal loan interest rate ranges from 10% to 15% p.a.
Yes you can negotiate SBI personal loan interest rate with the lender if you have an improved credit score.
SBI offers pension loans at 11.30% p.a. to pensioners employed with central government, state government, defence and family pensioners.
SBI offers personal loans to its salary account holders only.
Applicants are required to submit their ID proofs, address proof, income proofs and bank statements during personal loan application.
The EMI of Rs. 10 lakh personal loan @ 10% pa. for 5 years would be Rs. 21,247.
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Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners
*Applicable for selected customers
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