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, property, vehicles, marriage, medical emergency as well. There are situations when we have to arrange hefty amount within shorter duration. To meet the financial needs in such situations, 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 loan under four categories - SBI Pension Loan, SBI Xpress Credit Personal Loan, SBI Saral Personal Loan and SBI Festive Season Loan. Compare SBI with other Personal loan banks for Interest Rates.

SBI Personal loan details:

Interest rates 11.00% - 14.25%
Processing fees Minimum ₹1000/- & maximum ₹15000/- plus GST
Prepayment charges Nil
Repayment options Upto 6 years
Maximum loan amount Rs.20 Lakh
Loan approval time 30 Minutes
₹ 273,923 crores worth of Personal Loan Applications received! (last updated on 15 July 2025)
Get Instant Quotes on Interest Rates & Eligibility on Personal Loans by Top 10 Banks & your CIBIL score absolutely FREE.
Loan Amount
Employment Status
City

SBI Personal Loan Interest Rates - Updated as on 15 July 2025

SBI Personal loan Interest Rates under various categories & different schemes as follows:

SBI Xpress Bandhan Loan Xpress Credit Personal Loan SBI Pension Loan
12.15% - 15.15% 11.00% - 12.50% 11.15%
Xpress Credit Loan (IT Employees) SBI Salary Package Ac holders Non-Permanent Employees (NPEs)
12.00% 11.00% - 12.50% 11.50% - 13.85%
Jai Jawan Pension Loan Pension loans to Coal Mines PF Clean Overdraft Loan
11.15% 11.15%-11.65% 12.00% - 14.00%
Pre-Approved Insta Pension Top Up Loan against shares Loan against NSC / KVP
11.15% N.A 12.90%

List of Documents required of SBI Personal Loan

Salaried (Salaried Class)
EligibilityLoan AmountDocuments Required
Resident of IndiaMinimum - Rs 24,000 in metro and urban centres and Rs 10,000 in rural/semi-urban centres
Maximum: 12 times net monthly imcome (salaried and pensioners)
  • Passport size photograph
  • Identity proof
  • Office address proof (self-employed and professionals). The documents can be shop/establishment certificate, lease deed or telephone bill
  • Latest salary slip and Form 16 (salaried persons)

हिंदी में जानकारी के लिए, यहाँ SBI पर्सनल लोन हिंदी में पढ़ें

SBI Personal Loan EMI Calculator

To figure out how much emi for the loan amount you have to pay for; you can use this emi calculator tool. For calculate you can just enter your loan amount, interest rate & tenure repayment period.

For Example: assume you taken a loan amount of Rs.2 lakh for various years @ different rate of interest than your loan calculations are as below:

Loan AmountROITenure(years)Monthly EMITotal Interest
2,00,00012.45%3₹ 6686₹ 40693
2,00,00012.45%4₹ 5561₹ 66932
2,00,00016.55%4₹ 5725₹ 74778

SBI KAVACH Personal Loan

Loan Facility Term Loan
Processing Fee NIL
Security NIL
Pre Payment Penalty NIL
Loan Amount 25000 – 5 Lakh
Loan Tenure / Repayment Period Upto 5 Years / 60 Months
Rate of Interest 9.50% p.a

SBI Pension Loan

Eligibility for all Central & State Government Pensioners, Defence Pensioners & Family Pensioners. Get loan for Child’s Marriage, buy a home, travel / international travel or medical treatments. Apply for pension loan @ all SBI Bank Branches.
Loan Facility Term Loan
Processing Fee 1.5% of loan amount
Security NIL
Pre Payment Penalty 3%
Loan Amount 7.50 Lakh – 14 Lakh for Central & Defence, 2.50 to 5 Lakh for Family Pensioners.
Loan Tenure / Repayment Period Upto 6 Years / 72 Months
Rate of Interest 11.15% - 11.65%
AGE Not more than 76 Years

Pensioners of Armed Forces, including Army, Navy and Air Force, Paramilitary Forces (CRPF, CISF, BSF, ITBP, etc.), Coast Guards, Rashtriya Rifles and Assam Rifles are eligible under defence pensioners.

SBI Xpress Credit Personal Loan

A Special personal loan scheme for SBI salary account holders. Get loan for wedding, vacation, unplanned emergency or planned purchase of electronics, gadgets or other. Get quick approval and instant disbursal with minimum documentation through SBI Xpress Credit Scheme.
Loan Facility Term Loan / Overdraft
Processing Fee 1.5% of loan amount
Security NIL
Pre Payment Penalty 3%
Loan Amount Maximum Upto 30 Lakh / upto 5 lakh
Loan Tenure / Repayment Period Upto 6 Years / 72 Months
Rate of Interest 11.40% - 14.25% p.a
 

SBI PERSONAL LOAN SCHEMES

PERSONAL LOAN SCHEMES - Rate of Interest (w.e.f. 15.08.2022)

Mean ROI for Xpress Credit (April-June’22) : 11.56%

I. XPRESS CREDIT

A. Applicants of Defence/ Central Armed Police/ Indian Coast Guard

i) ‘Term Loan’ facility:
2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.60% 2.40% - 3.90% 11.00% - 12.50%

B. Applicants of Central Govt./ State Govt./ Police / Railway/ Central Public Sector Enterprises (CPSEs) Considered Under ‘RATNA’ Status

i) ‘Term Loan’ facility:
2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.60% 2.40% - 4.90% 11.00% - 13.50%
‘Overdraft’ facility available at an additional interest rate of 0.50% over Term Loan

C. Applicants of Other Corporates

i) ‘Term Loan’ facility:
2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.60% 3.40% - 5.40% 12.00% - 14.00%
‘Overdraft’ facility available at an additional interest rate of 0.50% over Term Loan

II. XPRESS ELITE SCHEME (Term Loan/ Overdraft)

Salary Account with SBI:
2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.60% 2.40% - 3.90% 11.00% - 12.50%
Salary Account with another Bank:
2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.60% 2.65% - 4.15% 11.25% - 11.75%

III. XPRESS LITE SCHEME

1% higher than I. Xpress Credit scheme for all brackets

IV. SBI QUICK PERSONAL LOAN SCHEME THROUGH CLP PORTAL (i.e., https://www.sbiloansin59minutes.com)

(for customer not maintaining salary account with SBI) 0.25% higher than I. Xpress Credit Scheme for all Brackets

V. XPRESS CREDIT INSTA TOP-UP LOANS

2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.60% 3.50% 12.10%

VI. PENSION LOAN SCHEMES

Scheme 2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
SBI Pension Loan 8.60% 2.55% 11.15%
Jai Jawan Pension Loan 8.60% 2.55% 11.15%
Pension Loan Scheme For Treasury & PSU Pensioners 8.60% 2.55%-3.05% 11.15%-11.65%
Pre-Approved Pension Loans(PAPNL) 8.60% 2.55% 11.15%
Pre-approved Insta Pension Top-Up 8.60% 2.55% 11.15%
(0.25% higher than Xpress credit scheme. for all brackets)

SBI Personal Loan Customer Care Number Toll Free Number

If customers / borrowers have any queries/complaints/issues related to personal loan from State Bank of India, They can talk to a customer care executive at below mentioned toll free numbers.
  • 1800-11-2211
  • 1800-425-3800

Check SBI Personal Loan Status of Application / Loan Query

You can check your personal loan status in State bank of India, via these methods which are mentioned or illustrated here: check your SBI Personal Loan application status here

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. SBI won Gold category in Public Sector Bank in Outlook Money Awards 2022.

SBI, the largest Indian Bank with 1/4th market share, serves over 45 crore customers through its vast network of over 22,000 branches, 62617 ATMs/ADWMs, 71,968 BC outlets, with an undeterred focus on innovation, and customer centricity, which stems from the core values of the Bank - Service, Transparency, Ethics, Politeness and Sustainability.

State Bank of India Head Office Address:
State Bank of India, State Bank Bhawna, 16th Floor, Madame Cama Road, Mumbai-400021

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
✓ SBI Fixed Deposit Rates