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SBI Xpress Credit Loan

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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 ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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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Compare & Choose the Best Offer

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Know Your Chances of Approval

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End-to-End Digital Process

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 Xpress Credit Loan Highlights

Interest Rates 11.45%-14.60% p.a.
Loan Amount Up to Rs 30 lakh
Tenure 6 months-7 years
Minimum Monthly Salary Rs 25,000

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 Xpress Credit Personal Loan Interest Rates

SBI Personal Loan Interest Rates for Xpress Credit Personal Loan Scheme start from 11.45% p.a. onwards. The lender offers differential interest rates for this scheme based on the occupation profile of the applicants. Below-mentioned are the interest rates set by the bank for SBI Xpress Credit Personal Loan scheme:

Occupation Profile Interest Rates (p.a.)
For Defense/Para-military/Indian Coast Guard Salaried Applicants 11.45%-12.95%
Applicants of Central Govt./ State Govt./ Police / Railway/ Central Public Sector Enterprises (CPSEs) Considered Under ‘RATNA’ Status 11.60%-14.10%
Applicants of Other Corporates 12.60%-14.60%

Fees and Charges

Particulars Charges
Penal Interest 2.4% p.a for nonpayment of up to 60 days

5% p.a. for continuous non-repayment of more than 60 days
Prepayment Charges 3% of the prepaid amount is levied as prepayment penalty

Waiver of Prepayment Penalty:

  • In case of defence employees: Waived off after 6 months of loan sanction
  • In case of Government / Corporate sector employees: Waived off after 6 months of sanction
  • In case of Platinum and Rhodium salary account holders: Waived off closed after 6 months of loan sanction
  • In case of balance transfer cases: Pre-payment penalty of 3% on prepaid amount irrespective of the borrower category
  • For other borrowers: Waived off after completion of 3 years of repayment

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
  • Employees working with Central/State/quasi Government, PSUs, reputed educational institutions, selected corporates with or without relationship with the bank
  • EMI/NMI ratio less than 50%
  • Additionaly, SBI may also consider the credit score of its applicants while setting the eligibility for SBI Personal Loan, just like other lenders do while evaluating the personal loan eligibility of their applicants.

Also check SBI Personal Loan Eligibility for other schemes

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SBI Xpress Credit Personal Loan Documentation

For Salaried Individuals

  • 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
  • Irrevocable Letter of Authority addressed to disbursing authority
  • Copy of ID card issued by the employer
  • Irrevocable Letter of Authority from the person authorized to disburse salary and allowances

For DSP-PMSP-ICGSP (Defence Salary Package/Para-military Salary Package/Indian Coast Guard Salary Package)

  • Duly filled application form with 2 recent photographs
  • ID Proof: PAN card, driving license, passport, voter ID, Aadhar card,
  • Residence Proof: telephone bills, electricity bills, passport, voter ID
  • Salary slip for last 6 months
  • Last 6 months bank account statement where salary is credited

Know more about SBI Personal Loan Documents required

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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What our customers say

Compare karke sahi rate mila

Loan offers jab comapre kiya toh pata chala konse loan lene se muhje sahi mai faida hoga. Isiliye Paisabazaar muhje best laga.

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Akrity PandeyJan 5, 2026

Personal loan fatfat mai mil gaya

Muhje paiso ki urgent need thi. Paisabazaar se loan jaldi or sahi rate pe mil gaya.

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Riya MehraJan 5, 2026

Loan from Paisabazaar was actually paperless

I always used to think that the paperless loan is a myth. But on Paisabazaar, I applied for the pre approved loan from IDFC Bank and all documentation was already done. I just filled the form, did kyc and my loan was approved and disbuursed one the same day.

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Tanmay BorkatakiDec 12, 2025

Best place for a small loan

I have take loan of 60-70000 three times from paisabazaar in 4 years and every time it has been a very good experience. They provide the loan without failure and have also helped me improve my cibil.

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Aridaman Singh ParhichaDec 11, 2025

My loan got approved immediately

I wanted a loan and I was able to get it approved through Paisabazaar. It was instantaneous and I got the amount in my account in 2 days only.

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Priyam Sarkar MajumdarDec 10, 2025

I get loan from here

I get loan from Paisabazaar here and it is very quickly given to me.

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Bilal ZaidiDec 9, 2025

Excellant EMI calculator and expert assistance available

The EMI calculator helped me choose the right repayment plan. Clear guidance at every step made the loan process really easy.

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Mohit YadavDec 3, 2025

Fully Digital Process for Real.

Loved the real-time loan status updates.Everything was handled online — didn’t have to visit any branch.

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Gautam BakshiDec 3, 2025

Lower Rate than My Own Bank

Got a lower interest rate than my bank was offering.Smooth digital verification and quick disbursal.

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Shivani SuryaDec 3, 2025

Pre-approved offers with quick approval

I liked how Paisabazaar showed pre-approved offers without affecting my credit score. Customer support was prompt and helped me close the loan quickly.

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Suraj VermaDec 3, 2025
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