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SBI Personal Loan

State Bank of India offers personal loans of up to Rs. 35 lakh at an interest rate starting at 10.05% p.a. and for a tenure of up to 7 years. The bank also offers loans to pensionholders for a 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. Compare various loan offers at Paisabazaar and apply for the best-suited personal loan to get instant approval.

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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 Fee₹ 6,500
Axis Bank
Low Processing fee
Max. Loan Amt.Upto ₹40L
Rate of Interest9.99% - 17.15%
Tenure upto1-5 Years
Processing Fee1% - 1.5%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%

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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

SBI Personal Loan Highlights

Interest Rate 10.05%-15.05% p.a.
Loan Amount Up to Rs. 35 lakh
Tenure 6 months 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

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 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.

Personal Loan Interest Rates Offered by Other Top Banks/NBFCs

Banks/NBFCs Interest Rates Processing Fees
HDFC Bank 9.99 % - 12.5 % Rs. 3,499 to Rs. 6,500
Axis Bank 9.99 % - 17.15 % 1% - 1.5 %
ICICI Bank 11 % - 13.0 % Up to 2%
Kotak Mahindra Bank 9.98% - 17.2 % 1.1% - 1.5 %
IndusInd Bank 10.35% - 16.5% 1.3% - 2 %
IDFC FIRST Bank 9.99% onwards Up to 2%
Federal Bank 12.0% - 19.5 % Up to 2%
YES Bank 13% - 16% 1.5% - 2.25%
Tata Capital 11.99 % - 13.99 % Up to 1.25%
Aditya Birla Finance 10.99% p.a. onwards Up to 4%
L&T Finance 11.00% p.a. onwards Up to 3%
Hero Fincorp 19.75% - 30.00% p.a. 2.3% - 3%
Piramal Finance 12.90% p.a. onwards Up to 5%
Poonawalla Fincorp 18% - 36% p.a. Up to 3%
Moneyview 14% - 36% p.a. Up to 2%

*Rates as on 8th October 2025

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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

Processing Fees

Particulars Charges
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 (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)

Other Fees & Charges

Particulars Charges
Prepayment Charges Up to 2% of 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 exceeding 60 days: 5% p.a. on the outstanding for the period of irregularity

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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.

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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:
    • Limit existing loans and credit card EMIs, or
    • Choose a longer loan tenure or prepay (if you have surplus funds) to reduce the EMI burden.

Who should Opt for SBI Personal Loan

  • In case you are looking for a personal loan to meet your life goals and are not too short on time, you can apply for a personal loan from SBI. These loans may have a relatively longer processing time as compared to other private sector banks, but are often offered at relatively lower rates of interest.
  • SBI personal loans also come with lower processing fees and other charges, which thus reduce the overall cost of the loan. Moreover, there are no hidden fees or charges associated with SBI personal loans.
  • Those having an existing relationship with the bank, such as a savings account or a salary account, can quite easily avail a loan with minimal documentation, making the process quicker and hassle-free.
  • Existing SBI customers may also be eligible for pre-approved personal loans with instant loan processing and disbursement via the YONO SBI app.>

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

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SBI 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.

    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

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    Got loan yesterday

    I got a loan of 2 lakh from Paisabazaar. Until now, I didn&#x27;t know that it was so easy to get loan through Paisabazaar. They helped me with all documents and process and my loan was sanctioned yesterday itself.

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    I applied for personal loan from paisabazaar and it was disbursed in 2 days. My immediate requirement was fulfilled just in time. Thanks guys for the prompt response and quick approval.

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    Got personal loan from Paisabazaar

    I applied for personal loan from paisabazaar and it was disbursed in 2 days. My immediate requirement was fulfilled just in time. Thanks guys for the prompt response and quick approval.

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    Pranoy SenSep 19, 2025

    Feedback - Customer support

    I recently received a quick loan through PaisaBazaar, and I want to sincerely appreciate the excellent customer support I received from Ms. Abhinaya ( Customer EW33882) During a critical financial situation, her guidance and support were truly exceptional. She was patient, professional, and empathetic throughout the process, making sure I understood everything clearly and felt confident in my decisions. Thank you, Ms. Abhinaya, and PaisaBazaar, for being there when I needed it most.

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    Exceptional Support During Loan Process

    I’m writing to express my sincere appreciation for Mohammad Shazeb (Employee Code: EW33348) for the excellent support he provided during my recent loan process. There was a complication with the KYC verification, and Shazeb handled it swiftly and professionally. He ensured that I received regular updates, explained the resolution steps clearly, and most importantly, resolved the issue quickly.

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    Abhishek ThakurSep 1, 2025

    Outstanding Assistance from Ms. Seema Kumari

    I would like to express my sincere appreciation for Ms. Seema Kumari (Employee ID: EW32347) for her exceptional support in helping me secure a personal loan.

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    Abdul ShaikhAug 23, 2025

    Excellent Support and Guidance from Ms. Yashi Saxena

    I had the opportunity to interact with Ms. Yashi Saxena (Employee Code: AW22197) while applying for a loan from Poonawalla Fincorp. I am extremely satisfied with her guidance, support, and professionalism throughout the process. She explained each step very clearly, helped me understand the details, and ensured that the process went smoothly. Her assistance made my loan journey hassle-free.

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    Loan from paisabaAar

    Get a personal loan from paisabaaz customer support is very supportive loan disburse in 2 days thanks team

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    Compare and Applied

    Hi, I can easily choose the right loan offers for me with the help of Paisabazaar. Previously, I tried fincover for the same, but I can decide while checking with you. Thank you

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