SBI Xpress Credit Personal Loan | Interest Rates | Documents | Eligibility

XPRESS CREDIT PERSONAL LOAN SBI – Get Details on State Bank of India’s Xpress credit loan, interest rates, documents, Eligibility and Fees and Processing fees online.

Advantages of SBI Xpress Credit Personal Loan:

  1. Low interest rates. Further, SBI charge interest on a daily reducing balance!!
  2. Minimum Income Required for Loan is Rs.7500/-
  3. No hidden costs or administrative charges.
  4. No security required – which means minimal documentation…something that you had always wanted.
  5. No prepayment penalties.
  6. Reduce your interest burden and optimally utilize your surplus funds by prepaying the loan (1% of the loan amount will be charged if you repay the loan before 6 months)
  7. Long repayment period of up to 60 months

Compare Personal Loan Rates – Eligibility – Process of Top 10 Banks

Loan Amount

Employment Status

Interest Rates charges for Xpress Credit – SBI:

Facility Level of Check-off from Employer Rate of Interest
Term Loan Full Check-off 12.85% – 13.35% p.a.
Partial Check-off 13.85% – 14.35% p.a.
No check off 14.85% – 15.35% p.a.


  • Rs.5000/- [may be reduced to 3000/- only if salary A/cs of entire enterprise are with us]
  • EMI/NMI Ratio should not exceed 50

Loan Amount

  •   Min:  Rs.24,000/-
  • Max: 24 X NMI (Demand Loan) with an upper ceiling of Rs.15.00 lacs

Repayment Period

Min 6 month

Max 60 month / 5 years


Processing Fees

1.01% of the Loan Amount

Other Products of State Bank of India:

SBI Home Loan
SBI Credit Card
SBI Car Loan
SBI Business Loan
SBI Property Loan
SBI Two Wheeler Loan
SBI Education Loan

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