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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
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

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

Explore Our Personal Loan Lenders

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FAQs

The total interest cost of Rs.1 lakh personal loan at 10.05% p.a. for a tenure of 1 year is Rs. 5,527.

Currently, a personal loan of Rs. 1 lakh from SBI is offered at an interest rate starting from 10.05% p.a. However, the interest rate may vary depending on the credit profile of the applicant. 

A personal loan of Rs. 1 lakh comes with a tenure option ranging between 6 months to 84 months.

You can apply for an SBI Bank personal loan of Rs. 1 lakh through the official SBI website or mobile app. You can also visit the Paisabazaar app or website to compare the interest rates and other offers by various lenders and apply for the one that best suits your requirements.

Personal loans are unsecured loans and therefore don’t require any collateral/security. Hence, you need not submit any collateral to avail a personal loan of Rs. 1 lakh from SBI.

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What our customers say

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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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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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Recently I had a conversation with Mr. Harsh ji. Thanks Mr. Harsh ji for providing a better solution in a very short period of time with very nice behaviour. Thank You very much.

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Amit ChahalJan 15, 2026

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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