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SBI Bank 1 Lakh Personal Loan

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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

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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

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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Meri shaddi thi

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Travel ke liye personal loan liya tha

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Easy personal loan available

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Medical Emergency thi, loan jaldi mil gya

Muhje ek medical emergency ke liye personal loan lena padha. Paisabazaar pe bht jaldi or smooth process tha. time pe kaam agaya.

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Compare karke sahi rate mila

Loan offers jab comapre kiya toh pata chala konse loan lene se muhje sahi mai faida hoga. Isiliye Paisabazaar muhje best laga.

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Akrity PandeyJan 5, 2026

Personal loan fatfat mai mil gaya

Muhje paiso ki urgent need thi. Paisabazaar se loan jaldi or sahi rate pe mil gaya.

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Riya MehraJan 5, 2026

Loan from Paisabazaar was actually paperless

I always used to think that the paperless loan is a myth. But on Paisabazaar, I applied for the pre approved loan from IDFC Bank and all documentation was already done. I just filled the form, did kyc and my loan was approved and disbuursed one the same day.

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Tanmay BorkatakiDec 12, 2025

Best place for a small loan

I have take loan of 60-70000 three times from paisabazaar in 4 years and every time it has been a very good experience. They provide the loan without failure and have also helped me improve my cibil.

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Aridaman Singh ParhichaDec 11, 2025
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