State Bank of India offers personal loan at an interest rate of 10.30% p.a. onwards for loan amount of up to Rs 35 lakh and tenure of up to 7 years. The bank also offers pension loan for tenure of up to 6 years. Select existing customers of State Bank of India can also apply for SBI Pre-approved Personal Loan online through SBI YONO app.
Disclaimer: State Bank of India is not a Paisabazaar partner for personal loans and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to State Bank of India for personal loans. No offers/services from State Bank of India are being provided by Paisabazaar for personal loans. For further information about State Bank of India for personal loans, users are required to reach out directly to State Bank of India.
| SBI Personal Loan Highlights | |
| Interest rate | 10.30%-15.30% p.a. |
| Loan Amount | Up to Rs 35 lakh |
| Tenure | Up to 7 years |
| Minimum Monthly Salary |
For Government/ Defence Sector employees: Rs 20,000; For Corporate Sector employees: Rs 25,000 |
| Processing Fee | Up to 1.5% of the loan amount (Minimum Rs 1,000; Maximum Rs 15,000) |
| Prepayment Charges | 2% on the prepaid amount |
Note: Rates as of 1 July 2025
SBI Personal Loan interest rate ranges from 10.30% to 15.30% p.a. However, the bank has not disclosed the differential personal loan interest rates based on factors such as monthly income, credit score, employer’s profile, loan amount, etc. for its personal loan schemes, most lenders consider these factors while setting interest rates.
HDFC Bank
Up to ₹40L
10.9% - 24%
Upto 6 Years
₹6,500
Axis Bank
Up to ₹10L
10.49% - 22%
Upto 6 Years
Upto 2%
Kotak Mahindra Bank
Up to ₹35L
10.99% - 16.9%
Upto 6 Years
Upto 5%
IDFC FIRST Bank
Up to ₹10L
10.7% - 23.99%
Upto 5 Years
Upto 2%
ICICI Bank
Up to ₹50L
10.8% - 16.5%
1-6 Years
Upto 2%
| Particulars | Charges |
| Defense sector employees | 100% waiver |
| Government sector employees | 50% waiver, i.e., 0.75% of the loan amount (Minimum Rs 1,000; Maximum Rs 15,000) |
| Employees having a CIC (CIBIL) Score of 800 or above | 50% waiver, i.e., 0.75% of the loan amount (Minimum Rs 1,000; Maximum Rs 15,000) |
| Salaried Employees not falling in the above categories | Up to 1.5% of the loan amount (Minimum Rs 1,000; Maximum Rs 15,000) |
| Particulars | Charges |
| Prepayment Charges | 2% on the prepaid amount |
| Penal Interest Rate on EMI defaults | -Irregularity up to 60 days: 2.40% p.a. on the overdue amount for the period of irregularity
– Continuous irregularity for a duration beyond 60 days: 5% p.a. on the outstanding for the period of irregularity |
To help you plan your repayments, here are sample EMI amounts based on different loan amounts, with a tenure of 5 years and an interest rate of 11.00% p.a..
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
| Loan Amount | Tenure | Interest Rate (p.a.) | EMI |
| Rs 1 lakh | 5 | 11.00% | Rs 2,174 |
| Rs 5 lakh | 5 | 11.00% | Rs 10,871 |
| Rs 10 lakh | 5 | 11.00% | Rs 21,742 |
The savings account holders of SBI can apply for SBI Pre-approved Personal Loan online through the SBI YONO App on a 24*7 basis or through the internet banking facility.
The eligibility criteria of SBI Personal Loan are set on the basis of age, minimum monthly income, job profile, EMI/NMI ratio and applicant’s relationship with the bank. Here’s an overview of the SBI personal loan eligibility criteria:-
| Criteria | Government/Defence Sector | Corporate Sector |
|---|---|---|
| Employment Type | Govt., PSU, Defence, Railways, Police, CAPF, Coast Guard | Private or Corporate Sector |
| Salary Account with SBI | Mandatory | Mandatory |
| Age | 21 – 60 years (up to 65+ case-by-case) | 21 – 60 years |
| Minimum Net Monthly Salary | Rs 20,000 | Rs 25,000 |
| Minimum Work Experience | 6 months | 1 year |
| EMI/NMI Ratio | Up to 65% | Up to 65% |
| Criteria | Details |
|---|---|
| Applicant Type | Salaried with salary account in SBI |
| Minimum Net Monthly Income | Rs 25,000 |
| EMI/NMI Ratio | Up to 65% |
| Category | Max Age | Account with SBI | EMI/NMP Ratio | Special Conditions |
|---|---|---|---|---|
| Government Pensioners | Up to 76 years | Required | Up to 50% | Irrevocable undertaking + NOC from Treasury |
| Defence Pensioners | Up to 76 years | Required | Up to 50% | Pensioners from armed & paramilitary forces |
| Family Pensioners | Up to 76 years | Required | Up to 33% | Authorized family member must be pension receiver |
SBI has given a detailed list of the documents required for availing its Xpress Credit Personal Loan scheme. However, the lender has not disclosed the documents required for availing other SBI Personal Loan schemes. Below-mentioned is the list of SBI Personal Loan documents for SBI Xpress Personal Loan scheme.
| Document Type | Details |
| Application Form | Duly filled application form along with passport-sized photographs |
| Identity Proof | Permanent Account Number (PAN) |
| Proof of Identity/Address | Minimum one copy of the Officially Valid Documents (OVDs) |
| Income Proof | Salary Slips of the last 6 months |
| Additional Income Proof | Latest Income Tax Return (ITR) or Form 16 |
Pre-Approved SBI Personal Loan offers instant loan processing and disbursal facility of up to Rs 15 lakh to its eligible customers. Available through the YONO App, it requires no paperwork or branch visits and is available 24*7 basis.
SMS “PAPL<space><last 4 digits of your SBI Savings Bank Account No.>” to 567676 to check your eligibility for a pre-approved SBI personal loan.
| Banks | SBI | HDFC | Axis | ICICI |
| Rates | 10.30%-15.30% p.a. | 10.90%-24.00% p.a. | 10.49% p.a. onwards | 10.80%-16.50% p.a. |
| Processing Fee | Up to 1.5% of the loan amount (Min. Rs 1,000; Max. Rs 15,000) | Up to Rs 6,500 | Up to 2% of the loan amount | Up to 2% of the loan amount |
| Max. Loan Amount | Up to Rs 35 lakh | Up to Rs 40 lakh | Up to Rs 10 lakh | Up to Rs 50 lakh |
| Min. Monthly Salary Required | For Government/ Defence Sector employees: Rs 20,000; For Corporate Sector employees: Rs 25,000 |
Rs 25,000 | Rs 15,000 for Axis Bank customers; Rs 25,000 for non-Axis Bank customers | Rs 30,000 |
Toll-free numbers:
Know more about SBI Personal Loan Customer Care Number and grievance redressal process
The interest rate of SBI Personal Loan ranges from 10.30% to 15.30% p.a.
Salaried employees in the government, defence, or corporate sectors who maintain a salary account with SBI are eligible to apply for an SBI Personal Loan. Government and defence employees need a minimum salary of Rs 20,000 and at least 6 months of service, while corporate employees must have a minimum salary of Rs 25,000 and 1 year of service. The age limit for eligibility is 21 to 60 years, with case-by-case consideration for those over 60 in the government or defence sectors.
SBI has not explicitly mentioned the approval time for a personal loan. However, the approval process usually takes 2 to 7 working days, depending on the documentation and verification process of a lender.
The EMI for a Rs 5 lakh personal loan depends on the interest rate and loan tenure. For example, for a loan amount of Rs 5 lakh with an interest rate of 12% p.a. and a tenure of 5 years, the estimated EMI would be approximately Rs 11,122.
Applicants can apply for SBI Personal Loan either directly through the official website of State Bank of India or by visiting SBI branches. Applicants can also visit online financial marketplaces like Paisabazaar to compare the interest rates and other features offered by various lenders.
State Bank of India offers personal loans for loan amounts of up to Rs 35 lakh to its applicants depending on their repayment capacity.
SBI levies a personal loan processing fee of 1.50% of the loan amount, with the minimum charge being Rs 1,000 and the maximum charge capped at Rs 15,000.
Banks and NBFCs usually disburse personal loans within 2-7 days of making a personal loan application. However, pre-approved personal loans offered to select customers by the SBI may have quicker disbursal. Lenders like Axis Bank, HDFC Bank, Bajaj Finserv and ICICI Bank also offer pre-approved/pre-qualified personal loans to select customers with instant disbursal.
SBI offers personal loans of loan amount ranging from Rs 1 lakh to Rs 35 lakh, subject to EMI/NMI Ratio up to 65% & 24-times NMI (Net Monthly Income), whichever is lower. On a Rs 30,000 salary, you may be eligible for a loan amount of up to Rs 7.2 lakh. However, the final loan amount depends on factors such as existing liabilities, repayment capacity, credit score, etc. Before applying for a personal loan, check with the bank on your loan eligibility and the loan amount.
Applicants can track their SBI personal loan status through the official website of State Bank of India. The applicants can also contact the SBI Personal Loan customer care to enquire about the application status offline.
SBI offers personal loans at fixed interest rates. Thus, it levies foreclosure charges of 3% on the prepaid loan amount. The bank does not charge any foreclosure charges if the account is closed from the proceeds of a new loan account under the same scheme.
While SBI has not explicitly stated its cut-off credit score, applicants having credit score of 750 and above would have higher chances of availing personal loan.
The minimum monthly income required for SBI personal loan is Rs 25,000. SBI prefers personal loan applicants having an EMI/NMI ratio up to 60% including EMIs of the existing loans as well as the proposed loans. Using personal loan EMI calculator would allow the applicants to opt for a personal loan tenure and EMI within the aforesaid limit.
Personal loan applicants not having their salary account with SBI are not eligible to apply for a personal loan.
Applicants with a salary of Rs 25,000 and above can only apply for a personal loan from SBI.
Yes, retired individuals holding pension accounts with SBI can avail personal loans from SBI through SBI Pension Loan scheme.
SBI currently offers personal loans at interest rates starting from 10.30% p.a. onwards for tenures of up to 7 years. The EMI of your personal loan of Rs 10 lakh would depend on the interest rate and loan tenure offered by SBI. The below-mentioned table below shows the EMI of an SBI personal loan of Rs 10 lakh for various SBI personal loan interest rates and tenure of 5 years.
| Loan Amount (Rs) | Interest Rate (p.a.) | Tenure (years) | EMI (Rs) |
| 10 lakh | 11.15% | 5 | 21,817 |
| 10 lakh | 11.30% | 5 | 21,892 |
| 10 lakh | 12.30% | 5 | 22.396 |
| 10 lakh | 11.40 % | 5 | 21,942 |
| 10 lakh | 12.40% | 5 | 22,447 |
The applicants can pay their SBI personal loans online through different modes, such as Standing Instructions from the borrower’s salary or pension account held with SBI. Borrowers not maintaining their deposit accounts with SBI can opt for ECS, NACH and ACH for paying their SBI personal loans online.
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