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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

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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

Apply Now

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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

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

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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Anuradha GuptaJan 21, 2026
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