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SBI Xpress Credit Loan

State Bank of India offers SBI Xpress Credit, a special personal loan scheme, up to Rs. 50 lakh and for tenures of up to 7 years. This personal loan is offered to salaried individuals having a salary account with SBI. The bank provides quick loan approval and instant loan disbursal with minimum documentation to the applicants availing SBI Xpress Credit personal loan.
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Get up to ₹50 Lakhs starting at 9.98%

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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

Features of SBI Xpress Credit Personal Loan

  • Loan tenure: From Rs. 1 lakh to Rs. 50 lakh
  • Instant loan disbursement
  • 24*7 availability
  • Offered to individuals with a salary account with the bank
  • Real-time sanction, digital documentation and real-time disbursement at Digital Document Execution (DDE) enabled States/ UTs.
  • Real-time sanction on YONO, document execution and single click disbursement at selected branch
  • Processing fees: Up to 1.50% of the loan amount

SBI Xpress Credit Loan Interest Rate

SBI has not disclosed the specific interest rate for the SBI Xpress Credit Loan scheme. However, applicants can avail regular personal loans offered by SBI starting from 10% to 15% p.a. The final rate of interest is influenced by many factors, including the credit score of the borrower, income, employment profile, debt-to-income ratio and more.

Fees and Charges

  • Processing fee: Up to 1.50% of the loan amount plus GST; minimum Rs. 1000/- & maximum Rs. 15000/-
  • Penal Charges:
    • Irregularity up to 60 Days: 2.40% per annum on the irregular portion for the period of irregularity.
    • Continuous irregular for a period beyond 60 days: 5% per annum on the irregular portion for the period of irregularity

Also know the personal loan processing fee charged by various lenders

Eligibility for SBI Xpress Credit Personal Loan

  • Salaried individuals having salary account with State Bank of India
  • Minimum Net Monthly Income
    • Rs. 20,000/- for Government/ Defence employees
    • Rs. 25,000/- for Corporate employees
  • Loan Amount:
    • Minimum Loan amount: Rs. 1 lakh
    • Maximum Loan Amount: Rs. 50 lakh, subject to EMI/NMI Ratio up to 65% & 30-times NMI, whichever is lower.

Additionaly, SBI may also consider the credit score of its applicants while setting the eligibility for SBI Personal Loan.

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SBI Xpress Credit Personal Loan Documentation

While SBI has not disclosed the specific documents required for the loan scheme, they may ask for general documents needed for a personal loan as mentioned below.

  • Duly filled application form along with passport-sized photographs
  • Identity Proof: Passport, PAN card, Voter Identity Card, Driving License, Aadhaar Card
  • Income Proof: Bank Account Statement, Salary Slips, ITR, Form 16
  • Address Proof: Ration Card, Bank Account Statement, Passport, Driving License, Electricity Bill, Telephone Bill, Sale Deed/Property purchase agreement (for owned properties), Aadhaar Card
  • Salary slip for last 6 months

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

Avail Personal Loan for
All Your Needs

FAQs

The maximum amount available under SBI Xpress Credit is Rs. 50 lakh. 

SBI has not specifically mentioned the interest rate for SBI Xpress Credit Loan. However, borrowers can avail SBI personal loans with interest rates starting from 10% p.a.

No, collateral is not required for SBI Xpress Credit Loan

Borrowers can apply for SBI Xpress Credit Loan either through Paisabazaar or the bank’s official website.

The repayment tenure for SBI Xpress Credit Loan is between 6 months to 84 months. Borrowers should choose a loan tenure based on their repayment capacity.

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What our customers say

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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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

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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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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Best Advisor for Personal Loan

I would like to share my feedback regarding my recent interaction with Mr. Vipin Singh (employee id EW12967) After discussing the financial matters with him, I felt very satisfied with his approach and professionalism. He explained everything clearly, handled the discussion patiently, and ensured that all concerns were addressed effectively. His communication skills, positive attitude, and dedication towards his responsibilities truly reflect his commitment to the organization.

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20th Jan 2026Jan 20, 2026

Meri shaddi thi

Shadi mai bht kharche hote hai. Maine shaddi ke liye personal loan paisabazaar se liya tha. Process smooth tha or interest bhi sahi milla.

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Amit ChahalJan 15, 2026

Travel ke liye personal loan liya tha

Mai bohot din se out of India ghumne jana chahti thi lekin jab jane ka time mila toh budget kaam padh raha tha, Paisabazaar se personal loan leke bht acha trip kiya. Maza agaya. Mere upar koi burden bhi nhi padha

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Tarini RoyJan 14, 2026

Easy personal loan available

Took personal loan. Good experience.

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Ruchika TiwariJan 14, 2026

Stress-free Laon Borrowing Process

There was a complication with my KYC verification. Paisabazaar’s 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. His prompt assistance and communication made the entire experience smooth and stress-free. Thanks to his efforts, the loan process was completed without further delays.

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Abhishek ThakuraJan 14, 2026
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