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SBI Personal Loan

4.5/5

15.6L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
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Low Interest Rates

Starting from 10.00% p.a.

Icon image of High Loan Amount

High Loan Amount

Get up to ₹35 Lakh

Icon image of Flexible Repayment Tenure

Flexible Repayment Tenure

Repay over 6 Months to 7 Years

Icon image of Easy Eligibility Criteria

Easy Eligibility Criteria

Monthly salary starting from ₹20,000 for eligible applicants

Find Best Personal Loan Offers

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ICICI BankICICI Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing FeesUpto 2.5%
Max. Loan Amount₹2 Crore
HDFC BankHDFC Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing Fees₹4999+GST
Max. Loan Amount₹50 Lakh
Axis BankAxis Bank
Processing Time3 - 5 Days
Interest Rate11% onwards
Processing FeesUpto 3%
Max. Loan Amount₹5 Lakh
Kotak BankKotak Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing Fees₹12999+GST
Max. Loan Amount₹50 Lakh
Bajaj FinservBajaj Finserv
Processing Time1 - 2 Days
Interest Rate10% onwards
Processing FeesUpto 1.2%
Max. Loan Amount₹75 Lakh
IDFC First BankIDFC First Bank
Processing Time1 - 2 Days
Interest Rate9.99% onwards
Processing FeesUpto 2%
Max. Loan Amount₹1 Crore
CholamandalamCholamandalam
Processing Time3 - 5 Days
Interest Rate17% onwards
Processing FeesUpto 4%
Max. Loan Amount₹50 Lakh

Why Should I Choose SBI Personal Loan?

SBI personal loan is one of the most trusted credit options specially designed for salaried individuals to meet their personal financial needs related to wedding, home renovation, medical emergency, debt consolidation, travel, etc. other than speculation. SBI bank offers competitive interest rates with high loan amounts and flexible repayment tenure. The applicants can access their funds conveniently with quick loan processing, minimal documentation and a hassle-free application process.

You should opt for SBI personal loan for the following reasons:

  • Collateral-free loans to fulfil various personal needs.
  • Available for salaried individuals employed with defence, government sector and corporates.
  • Competitive interest rates starting from 10% p.a.
  • Loan amount of up to Rs. 50 lakh
  • Repayment tenure of up to 7 years.
  • Seamless application process.
  • Minimal documentation required.
  • Quick loan disbursal.

SBI Personal Loan Interest Rates

SBI Personal Loan interest rate can range between 10.05% to 15.05% p.a. However, the personal loan interest rate offered to an applicant may vary depending on the credit profile, monthly income, job profile, EMI/NMI ratio, etc.

What are the Types of Personal Loans Offered by SBI

SBI Personal Loan to Salaried Employees

  • Purpose: To salaried employees having their salary accounts with SBI for meeting personal requirements
  • Loan Amount: Rs. 1 lakh to Rs. 35 lakh
  • Tenure: 6 months to 7 years

SBI Pre-approved Personal Loan (PAPL) on YONO

  • The savings account holders of SBI can apply for SBI Pre-approved Personal Loan online through the SBI YONO App or through the internet banking facility.
  • A good credit score is necessary to get these offers.
  • If a PAPL is not available, you may have to look for other personal loan offers.

SBI Real Time Xpress Credit

  • Purpose: End-to-end digital loan for salaried customers maintaining salary accounts with SBI through the SBI YONO app with instant loan disbursal.
  • Loan Amount: Rs. 1 lakh to Rs. 35 lakh/24 times NMI
  • Tenure: 6 months to 6 years

SBI Personal Loan to Pensioners

  • SBI offers personal loans to central/state government pensioners, defence pensioners and family pensioners having pension accounts with SBI.
  • SBI personal loans can be repaid within a tenure of up to 6 years or a maximum of 78 years of age.
  • These loans start from 11.40% p.a. to 11.90%.
  • SBI personal loan to pensioners comes in 3 variants - SBI personal loan to pensioners, SBI Pre-approved Pension Loans on YONO and Jai Jawan Pension Loan
  • These loans have low processing fees, are processed quickly and require minimal documentation and can be repaid in easy EMIs through Standing Instructions (SI).

SBI Personal Loan Fees & Charges

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.

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SBI Personal Loan Eligibility Criteria

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 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 (age above 60 years may be considered) 21 – 60 years
Minimum Work Experience 6 months 1 year
EMI/NMI Ratio Up to 65% and 24 times NMI, whichever is lower Up to 65% and 24 times NMI, whichever is lower

SBI Real Time Xpress Credit (RTXC)

Criteria Details
Applicant Type Salaried with a salary account in SBI
EMI/NMI Ratio Up to 65%

SBI Pension Loan

Category Pension Payment Order Maintained with SBI EMI/NMP Ratio Special Conditions
Government Pensioners Required Up to 50% Irrevocable undertaking + NOC from Treasury
Defence Pensioners Required Up to 50% Pensioners from armed, paramilitary forces, oast Guards, Rashtriya Rifles and Assam Rifles
Family Pensioners Required Up to 33% Authorized family member must be pension receiver

Note: The applicant should not exceed 76 years of age and needs to maintain a Pension Payment Order with SBI.

Pre-Approved SBI Personal Loan – Instant Loan via YONO App

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.

How You Can Check Your Pre-Approved Eligibility

SMS “PAPL” to 567676 to check your eligibility for a pre-approved SBI personal loan.

Documents Required for SBI Personal Loan Application

SBI has given a detailed list of the documents required for availing its Personal Loan for salaried individuals. However, the lender has not disclosed the documents required for availing other SBI Personal Loan schemes. Below is the list of SBI personal loan documents for SBI Personal Loan for Salaried.

  • Duly-filled application form along with the applicant’s photograph
  • PAN
  • At least one copy of the Officially Valid Documents (OVDs)
  • Latest ITR or Form 16 (Not needed for salaried individuals not paying income tax)
  • Past 6 months’ salary slips
  • Salary account statement of the past 6 months

Pre-Approved SBI Personal Loan – Instant Loan via YONO App

How You Can Apply for an SBI Pre-Approved Personal Loan via YONO App

  • Access your account via the YONO app.
  • Tap on the PAPL banner to get started.
  • Fill in your Date of Birth and PAN details.
  • Select the loan amount and repayment tenure.
  • Enter the OTP for verification, and the funds will be credited to your account.

How You Can Apply for an SBI Pre-Approved Personal Loan Through Internet Banking

  • Visit https://online.sbi and log in to your account.
  • Click on the Loan Offers banner or navigate to the e-Services menu and select Loans.
  • Verify or update your email ID.
  • Enter your PAN details and Date of Birth.
  • Choose your desired tenure, loan amount and EMI payment date.
  • Review and accept the Terms & Conditions.
  • Enter the OTP sent to your registered number. Once verified, the loan amount will be credited to your savings bank account.

Why should You Apply for a Personal Loan through Paisabazaar

  • You can check multiple eligible loan offers from various lenders on a single platform and choose the one that best suits your requirements.
  • Hassle-free loan experience and minimum documentation requirements
  • Digital process, no hidden costs and no branch visits required

How to Improve the Chances of SBI Personal Loan Approval

  • Check the personal loan eligibility criteria before applying for a loan from SBI.
  • Maintain a salary account with SBI may help in getting the loan approval.
  • Maintain a credit score of 750 or above, as it is preferred by most lenders to improve approval chances. Making timely repayments and managing credit responsibly can help improve your credit score.
  • Ensure that you submit complete and accurate documentation, such as recent salary slips, address proof.
  • Do not switch jobs too often, as it reduces your minimum job tenure criteria to avail a personal loan. If you’re new to your job, it’s best to wait until you’ve completed the required service period before applying for SBI personal loan.
  • Your EMI/NMI should not be too high. To improve your chances

SBI Personal Loan EMI Calculation

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.

EMI Scenarios Based on Loan Amount, Tenure & Interest Rate

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

SBI Personal Loan Customer Care

In case you have any queries or issues related to SBI personal loan, you can contact the bank’s customer care via any of the following means mentioned below:

  • Phone: You can call on 1800 1234 for information/queries related to personal loans or in case you wish to apply for a personal loan through the Contact Centre.
  • Missed call: You can give a missed call on 7208933142 to get a callback from the Contact Centre.
  • SMS: You can also send an SMS by typing “PERSONAL” to 7208933145 and get a call back from our Contact Centre.

FAQs

What is the interest rate of the SBI Personal Loan in 2026?

The interest rate of SBI Personal Loan ranges from 10% to 15% p.a.

Who is eligible for an SBI Personal Loan?

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.

How long does SBI take to approve a personal loan?

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 the lender.

What is the EMI for a Rs. 5 lakh SBI Personal Loan?

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.

How to apply for an SBI Personal Loan?

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.

How much personal loan can I get from SBI?

State Bank of India offers personal loans for loan amounts of up to Rs. 35 lakh to its applicants depending on their repayment capacity.

What is the processing fee for personal loan in SBI

SBI levies a personal loan processing fee of up to 1.50% of the loan amount, with the minimum charge being Rs. 1,000 and the maximum charge capped at Rs. 15,000. However, the lender has currently waived off the processing fee under festive offer till 31st Januray 2026.

How long does it take SBI to disburse a personal loan?

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.

How much personal loan can I get from SBI on a Rs. 30,000 salary?

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.

How to track SBI Personal Loan status?

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.

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What our customers say

Get My Personal loan disbursed

I would like to give a huge shoutout to Munni Nayak from Paisabazaar for her incredible support in helping me get my personal loan disbursed within just a few days. She was extremely cooperative throughout the entire process and demonstrated great knowledge by explaining every step in detail with patience and clarity. I truly appreciate her dedication, professionalism, and the smooth experience she provided. Thank you so much, Munni, for all your help and support!

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Preeti BhattMay 16, 2026

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
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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%.

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