SBI Xpress Credit Loan

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

State Bank of India offers SBI Xpress Credit, a special personal loan scheme, @ 11.45% p.a. onwards for loan amounts of up to Rs 30 lakh and for tenures of up to 7 years. This personal loan is offered to salaried individuals having 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.

Wide Choice

Curated offers from 30+ lenders

Quick Disbursal

Money in your account instantly

SmartMatch

Offers ranked according to eligibility

Digital Process

Hassle-free & paperless

Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Get up to ₹1,000*

Voucher on disbursal

Valid till 15^th November '25

Valid till 15^th November '25*T&C Apply

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Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Paisabazaar Exclusive Benefits

Wide Choice

Curated offers from 30+ lenders

Quick Disbursal

Money in your account instantly

SmartMatch

Offers ranked according to eligibility

Digital Process

Hassle-free & paperless

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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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

What our customers say

Highly recommended platform

I applied for a personal loan for medical emergency through Paisabazaar and got amazing service like nowhere else. The team was extremely cooperative and followed up with me until I had my loan amount in my account. My loan was disbursed within 24 hours. It is indeed an excellent platform for taking loans.

Sunil YadavOct 29, 2025

Instant loan disbursal

I applied for a personal loan through Paisabazaar and got my loan disbursed in no less than 24 hours. The team was extremely cooperative, guided me through the entire process and followed up with me until I had my loan amount in my account. I highly recommend this platform to everyone looking for an urgent loan.

Neha JainOct 29, 2025

Excellent platform

Excellent platform for personal loan comparison! Their EMI calculator helped me pick the best tenure & my monthly emi.

Manish KumarOct 23, 2025

Got personal loan instant

I was a medical emergency & need funds instantly I applied for loan at Paisabazaar & see I have a pre approved offers & apply to it & amount disbursed in 48 hours thanks to paisabazaar teams

Mansi SharmaOct 17, 2025

Got loan yesterday

I got a loan of 2 lakh from Paisabazaar. Until now, I didn'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.

Priyanka SharmaOct 15, 2025

Got personal loan in a few minutes

I had pre-approved offers. When I applied through Paisabazaar, I got my personal loan approved within a few minutes. The process was very hassle-free and the team was extremely cooperative.

Preeti SinghSep 26, 2025

Cibil kam tha fir bhi loan dila diya

Mera cibil kam tha fir bhi paisabazaar walo ne loan dila diya mujhe jo bohot jaruri tha.

Pawan SehrawatSep 25, 2025

Personal loan quick approved

My personal loan was quick approved on Paisabazaar. Everything was online and I was not required to submit any more documents.

Vivaan ShahSep 24, 2025

Loan Approved in on day

I confused between HDFC & Axis personal loans, but Paisabazaar showed me all the offers side by side. I apply in 10 minutes and got approval the next day!

Rahul MehtaSep 23, 2025

Personal loan mila yahaan se

Mujhko personal loan mila yahaan se bina koi dikkat hue. Maine toh online apply kiya aur 3 lakh ka loan mila 2 saal ke liye.

Pankaj SinhaSep 22, 2025

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Reviewed By

Vandana Punj

Written By

Shamik Ghosh

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

*Applicable for selected customers