Download AppWin Assured Cashback
Paisabazaar Logo - Compare loans and credit cards

SBI Bank 1 Lakh Personal Loan

4.5/5

15.6L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
Icon image of Wide Choice

Wide Choice

Curated offers from 30+ lenders

Icon image of Quick Disbursal

Quick Disbursal

Money in your account instantly

Icon image of SmartMatch

SmartMatch

Offers ranked according to eligibility

Icon image of Digital Process

Digital Process

Hassle-free & paperless

Find Best Personal Loan Offers

Sort by:

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 Fee6,500
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%
Why Choose Paisabazaar?
image of Compare & Choose the <strong>Best Offer</strong>

Compare & Choose the Best Offer

image of Pre-approved Offers with <strong>Instant Disbursals</strong>

Pre-approved Offers with Instant Disbursals

image of Know Your <strong>Chances of Approval</strong>

Know Your Chances of Approval

image of End-to-End <strong>Digital Process</strong>

End-to-End Digital Process

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

Apply Now

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

Avail Personal Loan for
All Your Needs

Avail Personal Loan Banner

Avail Personal Loan for
All Your Needs

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

FAQs

What is the total interest cost of Rs. 1 lakh personal loan at 10.05% p.a. and tenure of 1 year from SBI?

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.

What is the interest rate of SBI’s Rs. 1 lakh personal loan?

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. 

What is the tenure option available to applicants wanting a personal loan amount of Rs. 1 lakh?

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

How can I apply for an SBI 1 lakh personal loan?

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.

Do I need to submit collateral to avail a personal loan of Rs. 1 lakh from SBI?

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.

quotes icon

What our customers say

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

icon image of avatar
Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

icon image of avatar
Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

icon image of avatar
Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

icon image of avatar
DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

icon image of avatar
BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

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.

icon image of avatar
Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

icon image of avatar
Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

icon image of avatar
Riyaj AtarFeb 9, 2026

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.

icon image of avatar
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.

icon image of avatar
Anuradha GuptaJan 21, 2026
View All Testimonials
Anubhuti Agrawal profile
Written ByLinkedIn icon
Anubhuti Agrawal
Shamik Ghosh profile
Reviewed ByLinkedIn icon
Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.

The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.

The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.

Address: Paisabazaar Marketing & Consulting Pvt. Ltd. 135 P, Sector 44, Gurugram (HR) 122001

Knapsack with coins

Check Best Personal Loan Offers
with Quick Disbursal

Scroll to top