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SBI Bank 1 Lakh Personal Loan

SBI personal loans are available up to Rs. 35 lakhs. Apply for an SBI 1 lakh personal loan at an interest rate starting from 10.05% p.a. and for tenure up to 7 years. SBI personal loans require minimum documentation, low processing fees and no collateral or security.

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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
Axis Bank
Low Processing fee
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%

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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

Features of 1 Lakh SBI Personal Loan

Here are some of the key features of a personal loan of Rs. 1 lakh from SBI:

  • Interest rates starting from 10.05% p.a.
  • Loan tenure ranging from 6 months to 84 months
  • Low processing fees
  • No security, no guarantor required, with no end usage restriction
  • Provision for the second loan
  • Digital document execution facility
  • Overdraft facility with a reducing drawing power or a term loan facility on a daily reducing balance available

Interest Rates for 1 Lakh SBI Personal Loan

SBI personal loan interest rate starts at 10.05% p.a. for applicants availing a loan amount of Rs. 1 lakh. However, the interest rate might vary depending on the credit profile of the applicant, monthly income, job profile, EMI/NMI ratio, etc.

Eligibility Criteria for 1 Lakh SBI Personal Loan

Given below is the key eligibility criteria for applicants to avail a personal loan of Rs. 1 lakh from SBI:

  • Should be an employed Indian national
  • Should have a decent credit score as per SBI’s internal policy
  • Should be a government sector (central government/state government/ railway/ police/ PSU), defence sector (defence/ indian coast guard/ central armed police) or corporate sector employee
  • Minimum service period of 6 months is required for government/ defence sector employees and 12 months for corporate sector employees
  • Should be aged between 21- 60 years. However, government and defence sector employees in service aged above 60 years may also be considered on a case-by-case basis.
  • Should have a minimum net monthly salary of:
  •   Rs. 20,000 for defence and government sector employees
  • Rs. 25,000 for corporate sector employees

Documents Required for SBI Personal Loan of 1 Lakh

Here are the key documents required to avail a personal loan of Rs. 1 lakh from SBI:

  • Application Form along with the applicant’s photograph
  • PAN
  • Minimum one copy of the Officially Valid Documents (OVDs)
  • Latest ITR or Form 16. Not required for salaried employees for whom income tax is not applicable or not deducted by the employer
  • Last 6 months’ salary slips
  • Salary account statement of the last 6 months

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Fees and Charges for 1 Lakh SBI Personal Loan

Given below are the key fees associated with a personal loan of Rs. 1 lakh from SBI:

Particulars Applicable Charges
Processing Fees Up to 1.50% of the loan amount plus GST (minimum Rs.. 1000 and maximum Rs. 15,000)

  • Defence sector employees: 100% waiver
  • Platinum & Rhodium variant salary package customers: 100% waiver
  • Government sector employees: 50% waiver i.e., 0.75% of the loan amount plus GST
  • Customers having CIC (CIBIL) Score of >= 800: 50% waiver i.e., 0.75% of the loan amount plus GST
Penal Charge for Default Payment of Instalment(s) or Irregularity in Loan Account
  • Irregularity up to 60 Days: 2.40% p.a. on the irregular portion for the period of irregularity
  • Continuous irregularity for a period exceeding 60 days: 5% p.a. on the irregular portion for the period of irregularity
Partial or Full Prepayment Charges
  • 2% of the prepaid amount
  • Nil/Waived-off for:
    • Loans for defence sector employees, being closed after 6 months of sanction.
    • Loans of Government/ Corporate sector employees, being closed after 3 years of sanction or from the proceeds of a new loan account opened under the same scheme after 6 months of sanction.
    • Loans of Platinum & Rhodium variant of Corporate Salary package customers, being closed after 6 months of sanction

How to Apply for Personal Loan through Paisabazaar

To apply for a personal loan online, follow the steps given below:

  1. Go to the Paisabazaar app or website
  2. Fill in your mobile number
  3. Enter the necessary details
  4. Enter the OTP that you receive on your mobile number
  5. Browse through the offers and choose the best suited offer

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

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What our customers say

Highly recommended platform

I applied for a personal loan for medical emergency through Paisabazaar and got amazing service like nowhere else. The team was extremely cooperative and followed up with me until I had my loan amount in my account. My loan was disbursed within 24 hours. It is indeed an excellent platform for taking loans.

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Sunil YadavOct 29, 2025

Instant loan disbursal

I applied for a personal loan through Paisabazaar and got my loan disbursed in no less than 24 hours. The team was extremely cooperative, guided me through the entire process and followed up with me until I had my loan amount in my account. I highly recommend this platform to everyone looking for an urgent loan.

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Neha JainOct 29, 2025

Excellent platform

Excellent platform for personal loan comparison! Their EMI calculator helped me pick the best tenure & my monthly emi.

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Manish KumarOct 23, 2025

Got personal loan instant

I was a medical emergency &amp; need funds instantly I applied for loan at Paisabazaar &amp; see I have a pre approved offers &amp; apply to it &amp; amount disbursed in 48 hours thanks to paisabazaar teams

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Mansi SharmaOct 17, 2025

Got loan yesterday

I got a loan of 2 lakh from Paisabazaar. Until now, I didn&#x27;t know that it was so easy to get loan through Paisabazaar. They helped me with all documents and process and my loan was sanctioned yesterday itself.

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Priyanka SharmaOct 15, 2025

Got personal loan in a few minutes

I had pre-approved offers. When I applied through Paisabazaar, I got my personal loan approved within a few minutes. The process was very hassle-free and the team was extremely cooperative.

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Preeti SinghSep 26, 2025

Cibil kam tha fir bhi loan dila diya

Mera cibil kam tha fir bhi paisabazaar walo ne loan dila diya mujhe jo bohot jaruri tha.

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Pawan SehrawatSep 25, 2025

Personal loan quick approved

My personal loan was quick approved on Paisabazaar. Everything was online and I was not required to submit any more documents.

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Vivaan ShahSep 24, 2025

Loan Approved in on day

I confused between HDFC & Axis personal loans, but Paisabazaar showed me all the offers side by side. I apply in 10 minutes and got approval the next day!

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Rahul MehtaSep 23, 2025

Personal loan mila yahaan se

Mujhko personal loan mila yahaan se bina koi dikkat hue. Maine toh online apply kiya aur 3 lakh ka loan mila 2 saal ke liye.

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Pankaj SinhaSep 22, 2025
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