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SBI Personal Loan Eligibility

yrs
18 Yrs70 yrs
50K50L
%
8%30%
Yrs
1 yrs10 Yrs
20K40L
040K
You are Eligible for 2,00,000

Disclaimer: The results are indicative, based on your inputs and internal assumptions, and do not constitute a loan offer or approval. Final eligibility and terms depend on lender evaluation and policies. Please verify details independently before making any financial decision.

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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 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%
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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

Apply Now

Eligibility Criteria of SBI Personal Loan Applicants

The eligibility criteria set by SBI for its personal loan applicants is mentioned below.

SBI Regular Personal Loan

  • The applicant should be an Indian national between 21 to 60 years of age.
  • Salaried employees having their salary account with SBI are eligible for SBI Personal Loans.
  • Individuals employed with Central Government/State Government/Railway/Public Sector Undertakings/Police can avail SBI Personal Loan.
  • Eligible applicants should have a minimum monthly salary of Rs 25,000 (employees of Defence/Government Sector- Rs 20,000; employees of Corporate sector- Rs 25,000).
  • Applicants should have served for atleast 1 year in their respective jobs (Defence/Government sector employees- 6 months; corporate sector employees- 1 year)
  • For defence and government employees the minimum CIBIL score required to avail SBI Personal Loan is 650, whereas for corporate employees the minimum CIBIL score required to avail SBI Personal Loan is 670.
  • The EMI/NMI ratio of the applicant should not exceed beyond 65%.

SBI Pre-approved Personal Loan

SBI offers pre-approved personal loans to selected customers only. The lender pre-selects the customers based on certain parameters and offers pre-approved personal loans to these pre-selected customers.

SBI Real Time Xpress Credit

  • Salaried employees maintaining their salary account with SBI are eligible for Real Time Xpress Credit Personal Loans.
  • The EMI of the eligible applicant should not exceed his/her net monthly income by 65%.
  • The minimum net monthly income of the applicant should be Rs 25,000.

SBI Pension Loan

For Pensioners of Central/State Government

  • The pension account of the pensioner should be maintained with SBI.
  • The age of the eligible pensioner should be below 76 years.
  • The pensioner needs to provide an irreversible undertaking not to make changes in his mandate to the Treasury during the entire loan tenure.
  • The Treasury should give a consent letter telling that it will not accept any request to transfer the pension of the pensioner to any other bank without an NOC

For Pensioners of Defence Sector

  • Retired employees of armed forces such as army, navy, air force, paramilitary forces, Rashtriya Rifles, Assam Rifles and Coast Guards are eligible for SBI Pension Loan.
  • The maximum age of the pensioner at the time of loan processing should be below 76 years.
  • Pension account should be maintained with SBI.

For Family Pensioners

  • The eligible pensioners should be below 76 years of age.
  • A family pensioner should be an authorized family member of the pensioner to receive the pension after his death.

SBI Pre-approved Pension Loan

SBI pre-approved pension loans are offered to selected customers only. These customers are pre-selected based on certain parameters pre-determined by the bank.

How can you Improve your SBI Personal Loan Eligibility

Tips to improve your SBI Personal Loan eligibility are given below.

  • Maintain your credit score above 650.
  • The EMI/NMI ratio of the applicant should not be more than 65%.
  • Do not apply with multiple lenders in a short span of time.
  • Add a co-applicant with a higher credit score and stable income.
  • Have a stable employment history.

How can I check my SBI personal loan eligibility online?

Applicants planning to avail SBI Personal Loan can check their personal loan eligibility by:

  • Logging into the YONO SBI app
  • Sending an SMS: PAPL#### (last 4 digits of your SBI savings account) to 567676
  • Visiting the official website of SBI

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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

Apply Now

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FAQs

The minimum credit score required to avail SBI Personal Loan is 650 for government employees, whereas the minimum credit score required to avail SBI Personal Loan for corporate employees is 670.

The employees of Central/State Government, corporate sector and pensioners/family pensioners having their salary/pension accounts with SBI are eligible for SBI Personal Loan.

Yes, an applicant should have a salary/pension account with SBI to avail SBI Personal Loan.

Applicants planning to avail SBI Personal Loan should have a minimum salary of Rs 25,000.

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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.

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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.

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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.

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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

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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.

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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.

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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

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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.

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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.

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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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Anuradha GuptaJan 21, 2026
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