SBI Xpress Credit Personal Loan @ 11.85% Rate of Interest

XPRESS CREDIT PERSONAL LOAN SBI – Get Details on State Bank of India’s Xpress credit loan ✓ Interest rates ✓ Documents ✓ Eligibility ✓ Processing fees ✓ Repayment options details online.


If you are planning to go out for a much awaited vacation with your family, but short of funds, in such scenario a personal loan is the best way out. A personal loan is given by banks and financial firms to people who have a financial need or wish to be fulfill. You can avail a personal loan for any good or worst. It could be marriage, medical emergency, renovation of your home, buying a much desired gadget, anything and everything. The personal loan is meant to fulfill your personal financial desires without giving any explanation to bank about your spending objectives. SBI Xpress personal loan is one such solution for all your reasons.

Compare Personal Loan Rates – Eligibility – Process of Top 10 Banks & your CIBIL score absolutely FREE.
Loan Amount

Employment Status

SBI Xpress Credit Personal loan Scheme information

2 year MCLR 8.05% w.e.f. 01.01.2018

Interest Rates 11.85% – 14.55%
Processing Fees 1% of the Loan Amount + applicable Service Tax
Pre payment Charges Nil
Repayment Period Min. 6 Month or Max. upto 5 years
Cibil Score Min. 750
Lowest EMI Rs. 2221.92 per lakh
Min. Income Rs.7500 p.m
Loan Amount Min: Rs.24,000 to Max. Rs 15.00 lakh

Advantages of SBI Xpress Credit Personal Loan:

✓ Low interest rates. Further, SBI charge interest on a daily reducing balance!!
✓ Minimum Income Required for Loan is Rs.7500/-
✓ No hidden costs or administrative charges.
✓ No security required – which means minimal documentation…something that you had always wanted.
✓ No prepayment penalties.
✓ 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)
✓ Long repayment period of up to 60 months

Provision for 2nd Loan

Second Loan can be taken after 1 year of disbursement of the 1st loan provided the 1st loan has been satisfactorily conducted and is regular at the time of sanction of 2nd Loan. There cannot be more than 2 Xpress Credit Loans standing in the name of a borrower. However this is subject to the overall EMI/NMI ratio of 50%.

SBI Xpress Credit Personal Loan Interest Rates 2018

Scheme Revised (w.e.f. 01.01.2018)
2 year MCLR Spread over 2 year MCLR Effective Interest Rate
Xpress Credit – Full Check Off 8.05% 3.80% – 4.30% 11.85%-12.35%
Xpress Credit – No Check Off 8.05% 5.90% – 6.40% 13.95%-14.45%
Xpress Credit – IT Employees 8.05% 4.80% – 6.80% 12.85% – 14.85%

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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 4 reviews
by Shaikh Manzoor Ibrahim on SBI Xpress Credit Personal Loan
Xpress loan

It's very helpful to all.

Delay in processing

I had applied a personal loan through sbi xpress credit on 10 Aug this month but till now the concern authority and bank are not contact me. Reference no is 330817000938. What shall I do now.

xpress credit card

Nice and very helpful for all .


The information could have been a bit more elaborate but was helpful. Thanks for the support.

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