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SBI Xpress Power Personal Loan

SBI Xpress Power Personal Loan is offered to those salaried individuals who do not have a salary account with SBI but still wishes to avail a personal loan from the bank. Starting from Rs. 25,000, SBI Xpress Power Personal Loan goes upto Rs. 15 lakh and can be applied to avail funds for any financial emergency.

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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 ₹40L
Rate of Interest9.99% - 17.15%
Tenure upto1-5 Years
Processing Fee1% - 1.5%
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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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 Power Personal Loan - Features and Benefits

  • Loan amount: Offering a loan amount upto Rs. 25 lakh, SBI Xpress Power Personal Loan ensures that you have enough funds when you need to pay medical bills, go on a vacation, get married, renovate your home, etc.
  • Flexible tenure: You can repay the loan as per your convenience by deciding the repayment period as per your repayment ability
  • Minimum documentation: SBI asks only for a few necessary documents like salary proof, ID proof, etc., if you wish to apply for Personal Loan
  • No hidden charges: While sanctioning you the loan amount, the bank informs you about all the additional fees and charges that you will be paying and hence saves you from any shock in future

SBI Xpress Power Personal Loan - Interest Rate and Other Fees and Charges

Term Loan Facility

2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.10% 3.50% – 5.15% 11.60% – 13.25%

Overdraft facility

2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.10% 4.00% – 5.65% 12.10% – 13.75%
Processing Fee 1.50% of the Loan Amount (subject to minimum ₹1000/- & maximum ₹15000/-) plus applicable Tax
Prepayment charges 3% on prepaid amount
Penal Interest 2% p. m would be charged over and above the applicable interest rate on overdue amount for the period of default.

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SBI Xpress Power Personal Loan - Eligibility Criteria

  • You should be a salaried individual with no salary account with SBI
  • You should be working with Central/State Governments/Defence Establishments, Quasi Government Bodies, PSUs, Educational Institutions of National Repute and Select Rated Corporates
  • Your minimum monthly income should be Rs. 50,000
  • Your EMI/NMI ration should be up to 50%

Documents Required

  • Identity proof: Voter ID, Passport, Pan Card, Driving License, Aadhaar Card
  • Address proof: Passport, Ration Card, Aadhaar Card, Bank Account Statement, Driving License, Electricity Bill, Telephone Bill, Sale Deed/Property purchase agreement(for owned properties)
  • Income proof: Bank Account Statement, Salary Slips

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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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Last updated: 2 September, 2025

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