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State Bank of India (SBI) Personal Loan

In our day-to-day life, even on special occasions and situation of emergency we require a good amount of funds to meet our financial needs and liabilities. We generally spend money on vacation, education, to purchase property or any vehicle, on marriage and medical emergency as well. There are situations when we required to arrange hefty amount within shorter duration. To meet the financial needs in such situations without any stress personal loans play a vital role.

State Bank of India, one of the biggest lenders in the country, offers a range of personal loan schemes to help you out in times of distress. State Bank of India offers personal loans under four categories – Saral Loan, Xpress Credit Personal Loan and Festive/Advantage Loan.

SBI Personal loan details:

Interest rates 12.55% - 17.65%
Processing fees 1.01% of the loan amount 
Prepayment charges Nil
Repayment options Upto 5 years
Maximum loan amount Rs.15 Lakh
Loan approval time 10 Minutes
Get Instant Quotes on Interest Rates & Eligibility on Personal Loans by Top 10 Banks
Loan Amount
Employment Status

Interest Rates on SBI Personal loans: Updated as on 02 August 2016

• Xpress Credit - 12.55% - 15.05% p.a.
• SBI Pension Loans - 13.05% p.a.
• Jai Jawan Pension Loan - 13.90% p.a.
• SBI Saral Personal Loan - 17.65% p.a.
• Festival Loan Scheme - 15.90% p.a.
• Clean Overdraft - 16.65% p.a.
• Bhagya Rekha Loan - 11.15% p.a.
• SBI Education Plus – 13.65% p.a

Festive Offer : Get gifts upto Rs 18,490 on disbursal.
Refer to T&C - www.deal4loans.com/personal-loan-offers.php

Salaried (Salaried Class)
Eligibility Loan Amount Documents Required
Resident of India
  • Rs 2.5 lakh in non-metro areas
  • Rs 5 lakh in metros
  • Upto Rs 10 lakh where applicant has an account with SBI.
  • Minimum income should be Rs 24,000 in metro and urban centres and Rs 10,000 in rural/semi-urban centres
  • Maximum Loan Amount:12 times of net monthly income (salaried and pensioners) upto Rs 10 lakh
  • Passport size photograph
  • Proof of official address (self-employed and professionals). The documents can be shop/establishment certificate, lease deed or telephone bill
  • Latest salary slip and Form 16 (salaried persons)

• Maximum loan repayment tenure is 48 months (4 years)
• Processing fee is 2.02%-3.03% of loan amount.
• No prepayment charges
• You can increase your loan eligibility by making your spouse a co-borrower.

EMI Calculator Table
Loan AmountROI %

Tenure

(years)

Monthly EMITotal Interest AmountTotal Amount with Interest
2,00,00017.65%3 7195.41 59034.76 259034.76
2,00,00012.55%5 4504.68 70280.8 270280.8
2,00,00013.05%4 5370.46 57782.08 257782.08
2,00,00015.90%3 7021.54 52775.44 252775.44
Here, an EMI table for an amount of 2,00,000 for the tenure of 3, 5, 4 years is respectively shown with different ROI percentage where the calculated monthly EMI, Total Interest Amount and Total Amount with Interest is demonstrated.

SBI Saral Personal Loan

Saral personal loan is available for those working in corporate sector, self-employed, engineers, doctors, architects, chartered accountants, MBA with two years of employment.

Eligibility for SBI Saral Personal Loan:
You are eligible for SBI Saral Personal Loan if you are salaried and working with any leading corporate house, self-employed, engineer, doctor, architect, chartered accountant, MBA with minimum 2 years experience.
Minimum Loan amount available under Saral Personal Loan:
Rs.24,000/- in metro and urban centres
Rs.10,000/- in rural/semi-urban centres

SBI offers loan upto 12 times of net monthly income for salaried class individuals and pensioners. The maximum limit for personal loan is Rs10 lakh.

Security - NIL
Processing Fees - SBI charges 2.02% - 3.03% of loan amount as processing fee.
Part payment charges - There are no part-payment charges
Minimum EMI per lakh is Rs. 2,523 for 5 years.
Interest Rates - 17.65%

SBI Pension Loan

Those central or state government pensioners whose pension comes in the State Bank of India are eligible for SBI Pension Loan. The applicant should be below 76 years of age.

Features & Benefits:
• Low processing fee, no hidden charge, no pre-payment charges
• Family pensioner (spouse authorised to receive pension after pensioner's death) can avail loan but the applicant should not be more than 76 years.
• Maximum 50% amount of pension is considered for availing loan.
• SBI charges processing fee of 0.51% of the loan amount (minimum Rs 250). Processing fee is not charged from SBI pensioners.
• Interest rate: 13.05%

How much loan can I get?

Maximum loan amount:

For Family Pensioners: Minimum amont Rs.25,000/
Maximum loan amount -
1. Rs.5 lakh for Pensioners who are upto 72 years of age
2. Rs.4.5 Lakh for Pensioners
3. Rs.2.5 Lakh for Pensioners
(EMI / NMP not to exceed 33% in all the cases for Family Pensioners)

Processing Fees: 0.51% of the Loan Amount (including Service Tax) subject to Minimum of Rs. 250/- (Processing Fee is not applicable for SBI Pensioners)

Interest Rates on SBI Pension Loan - 13.05% p.a.

About State Bank of India

SBI is the largest lender in the country and has its headquarters in Mumbai, Maharashtra. The majority is owned by the Government of India. Consolidated report says that SBI had a total income of Rs 2,57,289.51 crore as on March 31, 2015. SBI has total assets of over Rs 25,29,394 crore.
There are as many as 16,995 branches of SBI in India, including 190 in other countries. State Bank has an agreement with GE for its credit card services. It is the only bank in the country to figure in the Forbes list of 500. SBI holds a major market share in the fields of personal loan (20%), home loan (25.5%) and car loan (26%).
Riding high on its extensive reach, SBI is the most searched and preferred bank in India and is accessible from almost every part of the country

State Bank of India Branches list for Personal Loans in India

SBI Personal Loan Branches in Delhi
Old Campus, Jawaharlal Nehru University, New Delhi, Delhi 110067
Asaf Ali Rd, New Delhi, Delhi 110006
Ansari Nagar Branch (AIIMS Campus), Ansari Nagar East, Gautam Nagar, New Delhi, Delhi (state) 110029
Shop No. 45, Priya Cinema Hall, Munirka Marg, Basant Lok, Vasant Vihar, New Delhi, Delhi 110057
East of Kailash, Garhi, New Delhi, Delhi 110065
Shop No.2, Local Shopping Centre, Sector 12, R.K. Puram, New Delhi, Delhi 110022
F-7, Best Mega Mall, 1st Floor, Bhagawan Mahavir Marg, Pocket 19, Sector-24, Rohini, New Delhi, Delhi 110085
Mohan Place, Near Mother Dairy, Block C, Saraswati Vihar, Pitampura, New Delhi, Delhi 110034
A1/86, Jain Acharya Shri Atma Ram Marg, A 1 Block, Paschim Vihar, New Delhi, Delhi 110063
HOUSE NO 69-70, POCKET NO F-22 G F, SECTOR-3, ROHINI, New Delhi, Delhi 110085
Kala Mandir Rd, Block O, Mangolpuri, New Delhi, Delhi 110083
213, Plot No.7 K.P.Block Community, Vaishali, Pitampura Road, Pitampura, New Delhi, Delhi 110034
G-09,Vardhman Seven Eleven Plaza,Sector-7, Maharaja Agrasen Marg, Naharpur, Rohini, New Delhi, Delhi 110085
Delhi Technological University Campus, Bawana Rd, Shahbad Daulatpur Village, Rohini, New Delhi, Delhi 110042
Near Western Air Command, Subroto Park, New Delhi, Delhi 110010
SBI Personal Loan Branches in Mumbai
K K Road, Jacob Circle, Mumbai, Maharashtra 400011
Ballard Estate, Fort, Mumbai, Maharashtra 400001
Harbadevi, Madh, Mumbai, Maharashtra 400061
Anjana Apartments No 2, Shimpoli Rd, Vivekanand Nagar, Borivali West, Mumbai, Maharashtra 400092
Godavari, Building No.39, New, State Bank Officer's Quarter's, New Link Rd, Oshiwara, Andheri West, Mumbai, Maharashtra 400053
Rati Khush, Jawaharlal Nehru Rd, Vakola, Santacruz East, Mumbai, Maharashtra 400055
Maharshi Dayanand Saraswati Marg, Chembur Gaothan, Chembur, Mumbai, Maharashtra 400071
Prakash Thorat Marg, Tilak Nagar, Kurla East, Mumbai, Maharashtra 400089
Chakala Road, Hotel Samraj Building, Andheri East, Mumbai, Maharashtra 400099
Kadamghiri Complex, Hanuman Road, Vile Parle East, Mumbai, Maharashtra 400057
SBI Home Loan Branches in Pune
Shirole Bhavan , PMT Building, Jangali Maharaj Rd, Deccan Gymkhana, Pune, Maharashtra 411004
RB Motilal Kennedy Rd, Shivajinagar, Pune, Maharashtra 411005
K U B S Building, Shivneri Path, Krishi Samaj Putala, Opposite Shivaji Statue Gultekdi, Market Yard, Pune, Maharashtra 411037
Near Police Ground, University Road, Fergusson College Rd, Model Colony, Shivajinagar, Pune, Maharashtra 411005
Sangamvadi, Pune, Maharashtra 411001
Road No. 3, Arjun Marg, Khadki, Pune, Maharashtra 411003
SBI Personal Loan Branches in Bangalore
65, St Marks Rd, Shanthala Nagar, Sampangi Rama Nagar, Bengaluru, Karnataka 560001
1793, 3-4, Air Cargo Complex, Bangalore Airport Exit Road, HAL Airport Road, Bengaluru, 560017
Pragathi Mahalakshmi Ind Suburb,, Yeshwanthpur, Bengaluru, Karnataka 560022
89/37, G J Complex, 1st Block , East Byrasandra, Bengaluru, Karnataka 560011
MICO Employees Layout, 6th Main, BTM II Stage, Bengaluru, Karnataka 560076
Tasker Town, Ulsoor, Bengaluru, Karnataka 560001
Mosque Rd, Pulikeshi Nagar, Bengaluru, Karnataka 560005
117,Industrial Layout,Ganapati Temple Road , Koramangala 7th Block, Bengaluru, Karnataka 560095
P.B 5072, KRISHI BHAVAN 1ST FLOOR, HUDSON CIRCLE, Bengaluru, Karnataka 560001
6th Main Road, Jayamahal Extension, Jayamahal, Bengaluru, Karnataka 560046
29/4, 61, Residency Plaza, Residency Road, Trade Centra, Bengaluru, Karnataka 560025
SBI Personal Loan Branches in Chennai
271, Purasawakkam High Road, Perumalpet, Purasawakkam, Chennai, Tamil Nadu 600007
Shop No. 237, No. 115, Oriental House, Prakasam Road, Broadway, George Town, Chennai, Tamil Nadu 600108
N Beach Rd, George Town, Chennai, Tamil Nadu 600001
S Mint St, Kondithope, George Town, Chennai, Tamil Nadu 600001
144,, Vepery High Road, Periyamedu, Periyamet, Chennai, Tamil Nadu 600007
Shop No.45, First Floor, Pantheon Road, Egmore, Chennai, Tamil Nadu 600008
Whannels Rd, Egmore, Chennai, Tamil Nadu 600008
1, EVK Sampath Rd, Veperi, Mahaveer Colony, Egmore, Chennai, Tamil Nadu 600084
112/4, Kaliamman Koil Street, Virugambakkam, Chinmaya Nagar, Chennai, Tamil Nadu 600092
New No. 99, New Avadi Rd, Telecom Quarters, Kilpauk, Chennai, Tamil Nadu 600010
SBI Personal Loan Branches in Coimbatore
Survey No. 109 / 5, Opposite To Rto Office, Udumalpet Road, Chinnampalayam, Pollachi 642003
118 Karuppa Gounder Street , Coimbatotecoimbatore , Pin - 641001
East Car Street, Karamadai Po, Coimbatore District, Tamilnadu 641025
Sf 72 / 5, Site No. 2, S P Kannusamy Street, Kannappa Nagar, Rathnapuri Po, Coimbatore 641027
SBI Personal Loan Branches in Hyderabad
3-4-495/1, Jyothi soudha Apartmens, Barkatpura, Hyderabad, Telangana 500027
Bank Street, Sultan Bazaar, Koti, Hyderabad, Telangana 500095
Haca Bhavan Opposite To Assembly, Saifabad, Hyderabad, Telangana 500059
Malakpet Station Rd, Ashraf Nagar, Malakpet, Hyderabad, Telangana 500024
Near BSNL Office, Opposite Telephone Exchange, Jambhag Road, Hyderabad, Telangana 500012
Shop No.3-6-281B,Hyderguda, Street Number 16, Old MLA Quarters, AP State Housing Board, Himayatnagar, Hyderabad, Telangana 500029
Opposite Seena Bakery, M.G. Road, Afzal Gunj Road, Osmangunj, Hyderabad, Telangana 500095
# 3-6-369/B/6, Near Tanishq Showroom Lane, Street Number 1, Gagan Mahal, Himayatnagar, Hyderabad, Telangana 500029
H.No.16-11-1-1/A Post Office Road,, Dilsukhnagar Road, Saleem Nagar, New Malakpet, Hyderabad, Telangana 500036
6-3-347/22/2 Aishwarya Nilayam, Sai Baba Temple Road, Dwarakapuri Colony, Punjagutta, Near Saibaba Temple, Hyderabad, Telangana 500082
Gowra Plaza, Opp. NTR Statue, Sardar Patel Rd, Patigadda, Begumpet, Hyderabad, Telangana 500003
SBI Personal Loan Branches in Ahmedabad
Drive In Rd, Gurukul, Ahmedabad, Gujarat 380059
6, Arjun Nivas , Near V.S Hospital, Ashram Rd, Vishalpur, Ellisbridge, Ahmedabad, Gujarat 380009
Vraj Vihar 2, Khanpur, Ahmedabad, Gujarat 380001
Opposite Gandhigram Railway Station Ahmedabad Gandhigram, Ahmedabad, Gujarat
Shyam Gokul A/24 ,Opposite Municipal Market, Chimanlal Girdharlal Rd, Swastik Society, Navrangpura, Ahmedabad, Gujarat 380009
Ground floor, City Pride Building, Near Nalanda Hotel, Ahmedabad, Gujarat 380006
Sarkhej - Gandhinagar Hwy, Chanakyapuri, Ahmedabad, Gujarat 380061
F/P/41, Pruthvi Complex, Opposite Savitha Enclave, Near Judges Bunglow, Bodakdev, Ahmedabad, Gujarat 380015
SBI Personal Loan Branches in Jaipur
Bichun Market, Krishan Pur Market, Jaipur, Rajasthan 302001
New Sanganer Rd, Shyam Nagar, Jaipur, Rajasthan 302019
Plot No-B21A, Shiva Residency, Bani Park, Jaipur, Rajasthan 302016
Sindhi Colony, Bani Park, Jaipur, Rajasthan 302006
Bhagwant Das Rd, Ashok Nagar, Jaipur, Rajasthan 302005
5, Vaishali Nagar, Queens Rd, Moti Nagar, Jaipur, Rajasthan 302019
SBI Personal Loan Branches in Kolkata
College St, Sealdah, College Square, Kolkata, West Bengal 700073
Region-3, Zonal Office, Kolkata, 2, BBD Bag E, Lal Dighi, Kolkata, West Bengal 700001
1B.Mahendra Srimani Street, Raja Ram Mohan Sarani, Baithakkhana, Kolkata, West Bengal 700009
9, Bombay Mutual Building, Brabourne Rd, Dalhosie, Kolkata, West Bengal 700001
Surya Sen Street, Sealdah, College Square, Kolkata, West Bengal 700012
No. 150, Chittaranjan Ave, College Street Market, Machuabazar, Kolkata, West Bengal 700007
SBI Personal Loan ranches in Navi Mumbai
Atmaram Janu Bhoir Marg, Sector 14, Vashi, Navi Mumbai, Maharashtra 400703
Uran Rd, New Panvel, Navi Mumbai, Maharashtra 410206
SAI-ANSH, Opposite Juinagar Railway Station, Sector 11, Sanpada, Navi Mumbai, Maharashtra
Sector 19C, Vashi, Navi Mumbai, Maharashtra 400703
Shop No.1,2,3,4, Plot No.110/111, Kopari Naka, Acharya Anand Rishi Marg, Sector 12, Vashi, Navi Mumbai, Maharashtra 400703
Plot 1-A, Sea Queen Plaza, Sector 4-A, Kopar Khairane, Navi Mumbai, Maharashtra 400706
Vashi Rd, Kopar Khairane, Navi Mumbai, Maharashtra 400709
Rabale Trans Thane Creek Ind Area, Thane Belapur Road, Diva Naka, Near Rabale Police Station, Navi Mumbai, Maharashtra 400708
SBI Personal Loan Branches in Thane
SHOP NO.4 AND 5, MILESTONE CORPORATE PARK, DUTTAWADI, OLD MUMBAI, PUNE ROAD, KALWA, Thane, Maharashtra 400605
Vishnu Nagar, Thane West, Thane, Maharashtra 400602
Marigold - Satguru Gardens, Gajanan Koli Marg, Thane East, Thane, Maharashtra 400603
Akruti SMS, Opposite ST Workshop, Lal Bahadur Shastri Marg, Kopri, Thane West, Thane, Maharashtra 400602
Service Rd, Thane West, Thane, Maharashtra 400604
Swastik Garden, Subhash Nagar, Pokharan Road Number 2, Thane West, Thane, Maharashtra 400602
SG Barve Rd, Wagle Estate, Neheru Nagar, Wagle Industrial Estate, Thane West, Thane, Maharashtra 400604
SBI Personal Loan Branches in Nashik
1 Suyojit arcade, Nashik - Pune Road, Bodhle Nagar, Maharashtra 422011
Plot No. 8 Sr No 129/A/130/A1, Jail Rd, Opp. Saint Philomina High School, Nashik, Maharashtra 422214
Khanzode Complex, Indira Nagar, Nashik, Maharashtra 422009
Shop No.4, Time Square, Dwarka, Nashik, Maharashtra 422003
Sambhaji Stadium Rd, Ashwin Nagar, Nashik, Maharashtra 422009
Treasury Branch, Old CBS, Near Bus Stop, Old Agra Rd, Nashik, Maharashtra 422002
SBI Home Loan Branches in Kochi / Cochin
Mons. Mathew Kothakathu Rd, Chullickal, Kochi, Kerala 682002
Willingdon Island, Kochi, Kerala 682003
Bazaar Rd, Mattancherry, Kochi, Kerala 682002
Dutch Cemetery Rd, Beach Road, Fort Kochi, Kochi, Kerala 682001
T D Rd, Shenoys, Kochi, Kerala 682011

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

State Bank of India-
Head Office:

State Bank of India,
State Bank Bhawna, 8th Floor,
Madame Cama Road,
Mumbai-400021
Telephone No. 22029456 or 22029451, Fax no. 22885369.

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