Win Assured Cashback
15.6L Reviews
Instant Loan Disbursal
Curated offers from 30+ lenders
Quick Loan Approval
Money in your account instantly
Minimal Documentation Required
Offers ranked according to eligibility
Competitive Interest Rates
Hassle-free & paperless
Select Your Bank
₹0
Compare & Choose the Best Offer
Pre-approved Offers with Instant Disbursals
Know Your Chances of Approval
End-to-End Digital Process
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
SBI personal loan interest rate range from 10% - 15% p.a. depending on the credit profile of the applicant. The bank usually sets its personal loan interest rates after factoring in the credit score, employment profile, monthly income, employer’s profile, EMI/NMI ratio, existing relationship with the bank, etc. of the applicants.
SBI personal loan EMI calculator is a financial tool that helps in evaluating the total EMIs and interest cost payable throughout the loan tenure. Individuals can use the Personal Loan EMI Calculator available online on various banking websites or on financial platforms like Paisabazaar.
The EMI calculators works in the following manner:
| Loan Amount (Rs.) | Interest Rate (p.a.) | Loan Tenure | EMI (Rs.) |
|---|---|---|---|
| 30 lakh | 10% | 7 | 49,804 |
| 30 lakh | 10% | 5 | 63,741 |
| 30 lakh | 10% | 3 | 96.802 |
| Loan Amount (Rs.) | Interest Rate (p.a.) | Loan Tenure | EMI (Rs.) |
|---|---|---|---|
| 30 lakh | 10% | 7 | 49,804 |
| 30 lakh | 12% | 7 | 52,958 |
| 30 lakh | 15% | 7 | 57,890 |
| Loan Amount (Rs.) | Interest Rate (p.a.) | Loan Tenure | EMI (Rs.) |
|---|---|---|---|
| 30 lakh | 10% | 7 | 49,804 |
| 35 lakh | 10% | 7 | 58,104 |
| 40 lakh | 10% | 7 | 66,405 |
| Eligibility Criteria | Details |
|---|---|
| Age | 21 - 60 years |
| Employment Profile | Employees working with defence/government/corporate sector |
| Salary account | Maintained with the bank (mandatory) |
| Minimum Experience | Corporate employees - 1 year
Government/defence employees - 6 months |
| Minimum Monthly Income | Corporate employees - Rs. 25,000 Government/defence employees - Rs. 20,000 |
| Nationality | Indian national |
| Eligibility Criteria | Details |
|---|---|
| Age | Below 76 years |
| Pension account | Maintained with the bank |
| Job Profile | Central and state government/defence/family pensioners |
SBI has not disclosed the eligible CIBIL score required to avail personal loans. However, applicants having a CIBIL score of 760 and above usually have higher chances of loan approval at lower interest rates
Below is the list of SBI personal loan documents for salaried individuals:
As SBI offers personal loans to applicants having their salary account in SBI, other applicants can apply for personal loan through Paisabazaar by following the steps mentioned below.
Some applicants may get better offers from other lenders than that offered by SBI. In such cases, applicants can apply for personal loan through Paisabazaar by following the steps mentioned above.
Below-mentioned are the fees and charges levied on SBI personal loan applicants:
| Particulars | Charges |
|---|---|
| Processing Fees | Up to 1.50% (Rs. 1,000 - Rs. 15,000) |
| Prepayment Charges | Up to 2% of the prepaid amount |
| Penal Charges | 2.40% - 5% p.a. |
Offered to savings account holders of SBI through the SBI YONO App or through the internet banking facility.
You can improve your SBI personal loan approval chances in the following manner:
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
HDFC BANK
Axis Bank
Kotak Mahindra Bank
ICICI Bank
Federal Bank
IDFC First Bank
Indusind Bank
RBL Bank
Tata CapitalEmployees of central/state government or corporate sector maintaining their salary account with SBI are eligible for SBI personal loan.
No, SBI offers personal loans only to salaried employees maintaining their salary accounts with the bank.
The minimum salary requirement for personal loan is Rs. 20,000 for government/defence sector employees and Rs. 25000 for corporate employees.
Applicants having a CIBIL score of 760 and above can avail SBI personal loans.
A CIBIL score of 760 and above is usually considered good for availing personal loans.
Yes, a government employee can get SBI personal loan at lower interest rate due to job and income stability.
As of 2026, the SBI personal loan interest rate ranges from 10% - 15% p.a.
No, you cannot apply for SBI personal loan without salary slip.
The KYC documents required for availing SBI personal loan include PAN, Aadhar card, passport, driving license, utility bills, etc.
The EMI of Rs. 5 lakh SBI personal loan @ 10% p.a. for tenure of 7 years would be Rs. 8,301.
You can calculate SBI personal loan EMI by entering the interest rate, loan amount and loan tenure in the personal loan EMI calculator available online.
You can apply for SBI personal loan online through SBI YONO app or through SBI internet banking.
Yes you can prepay SBI personal loan by paying a prepayment fees of up to 2% of the prepaid amount.
The processing of SBI personal loan is up to 1.50% (Rs. 1,000 to Rs. 15,000).
You can get SBI personal loan for a loan amount of up to Rs. 50 lakh.
No, insurance is not mandatory for SBI personal loan.
You can close your SBI personal loan online through SBI YONO app or through the internet banking. NOC is also available online.
Personal Loan for Gig Workers & Freelancers: How to Qualify in 2026
How Personal Loan Works in India
Importance of No Dues Certificate in Personal Loan Closure
Loan rejected despite high income? Here’s what you need to know
Personal Loan for First Time Borrowers: What Customers Must Know
How I Saved Rs 22,000 on My Personal Loan through Prepayment
How Have Personal Loans Advanced Over the Past few Years
Factors To Consider While Selecting a Personal Loan Lender
Instant Personal Loan Apps: Avoid These 5 Pitfalls
Reasons for Delay in Personal Loan Processing
Smooth & hassle-free loan approval experience
Exceptional guidance throughout the process
Very helpful and easy to reach
Reliable help when i needed it most
Committed support that made everything easy
My Trust in Paisabazaar has Increased
Best Place for Taking Loans
Easy loan approval with good guidance
Apne higher education ke liye loan liya tha
Sabse jada helpful log the yaha
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
Check Best Personal Loan Offers
with Quick Disbursal
Get up to ₹50 Lakhs starting at 9.98%
