SBI Xpress Credit Loan

Name: SBI Xpress Credit Loan
Brand: Paisabazaar
Rating: 4.2 (2839 reviews)

Wide Choice

Quick Disbursal

SmartMatch

Digital Process

Wide Choice

Quick Disbursal

SmartMatch

Digital Process

Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Apply Personal Loan Online

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Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Find Best Personal Loan Offers

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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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SBI Xpress Credit Loan Highlights

SBI Xpress Credit Personal Loan Interest Rates

Fees and Charges

Eligibility for SBI Xpress Credit Personal Loan

Why Choose Paisabazaar?

Compare & Choose the Best Offer

Pre-approved Offers with Instant Disbursals

Know Your Chances of Approval

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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All Your Needs

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

Explore Our Sbi Bank Lenders

Avail Personal Loan For
All Your Needs

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What our customers say

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.

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.

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.

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.

Suraj VermaDec 3, 2025

Same day approval. wow.

The loan was approved the same day — super smooth and transparent process.

Shiv KumarDec 3, 2025

Multiple offers in Minutes

Paisabazaar helped me compare multiple loan offers in minutes, and I got the best rate without any paperwork.

Ankita BajajDec 3, 2025

Itna Badhiya Rate and Service Hai!

Apke yaha itna acha interest rate mil gya market mei sabse kum and service toh aur bhi achi h. thank you.

Mohit SinghDec 2, 2025

Best Interest Rate Offer

Got the best interest rate on your website. Best assistance and seamless experience.

Aniket SinghDec 2, 2025

Best Marketplace to Shop for Loans

Your website is the best to apply for a personal loan. Got my loan disbursed within 3 days. So easy and hassle-free.

Nikita SharmaDec 2, 2025

Fast loan approval

I got my loan approved within 24 hours. The process was fast, transparent, and reliable, exactly what I was looking for.

Pragati ShuklaDec 2, 2025

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Written By

Vandana Punj

Reviewed By

Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners

*Applicable for selected customers