SBI Personal Loan Interest Rates - Updated as on 02 July 2022
SBI Personal loan Interest Rates under various categories & different schemes as follows:
List of Documents required of SBI Personal Loan
Salaried (Salaried Class)
Eligibility | Loan Amount | Documents Required |
Resident of India | Minimum - 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) | - 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 Amount | ROI | Tenure(years) | Monthly EMI | Total Interest |
2,00,000 | 12.45% | 3 | ₹ 6686 | ₹ 40693 |
2,00,000 | 14.95% | 4 | ₹ 5561 | ₹ 66932 |
2,00,000 | 16.55% | 4 | ₹ 5725 | ₹ 74778 |
SBI KAVACH Personal Loan
It’s a special personal loan scheme for covid treatment of self or family member who are found covid positive on or after 01.04.2021
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 |
8.50% 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 |
NIL till 31.03.2022 |
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 5 Years / 60 Months |
Rate of Interest |
9.75% - 10.25% |
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 |
NIL till 31.03.2022 |
Security |
NIL |
Pre Payment Penalty |
3% |
Loan Amount Maximum |
Upto 20 Lakh / upto 5 lakh |
Loan Tenure / Repayment Period |
Upto 5 Years / 60 Months |
Rate of Interest |
9.60% - 11.35% p.a |
SBI PERSONAL LOAN SCHEMES
I. XPRESS CREDIT(including PAXC-Pre-Approved Xpress Credit)
Mean ROI for Xpress Credit : JAN -MAR’21 – 10.90%
A. For Defence/ Para-Military/ Indian Coast Guard Salary Package Applicants
i) ‘Term Loan’ facility:
2 year MCLR |
Spread over 2 year MCLR |
Effective Interest Rate with No Reset |
7.20% |
3.40% - 3.90% |
10.60% - 11.10% |
ii) ‘Overdraft’ facility:
2 year MCLR |
Spread over 2 year MCLR |
Effective Interest Rate with No Reset |
7.20% |
3.90% - 4.40% |
11.10% - 11.60% |
B. For Other Applicants:
i) ‘Term Loan’ facility:
2 year MCLR |
Spread over 2 year MCLR |
Effective Interest Rate with No Reset |
7.20% |
3.40% - 5.40% |
10.60% - 12.60% |
ii) ‘Overdraft’ facility:
2 year MCLR |
Spread over 2 year MCLR |
Effective Interest Rate with No Reset |
7.20% |
3.90% - 5.90% |
11.10% - 13.10% |
Note for loans under Xpress Credit scheme: Following category of borrowers will get special concessions:
Criteria |
Concession Offered |
Loan amount >= Rs 10,00,000. |
50 bps in Rate of Interest |
Platinum Salary Package customers |
50 bps in Rate of Interest |
Central Public Sector Enterprises (CPSEs) Considered Under ‘RATNA’ Status |
50 bps in Rate of Interes |
-Subject to total
maximum concession of 100 bps over the Card rate
II. XPRESS ELITE SCHEME
i. SBI Salary Package A/c Holders:
2 year MCLR |
Spread over 2 year MCLR |
Effective Interest Rate with No Reset |
7.20% |
2.40% - 3.90% |
9.60% - 11.10% |
ii. Other than Salary Package A/c Holders (including Applicants not maintaining Salary A/c with our Bank):
2 year MCLR |
Spread over 2 year MCLR |
Effective Interest Rate with No Reset |
7.20% |
2.65% - 4.15% |
9.85% - 11.35% |
III. XPRESS CREDIT- NON-PERMANENT EMPLOYEES (NPES)
i. Central and State Government, Quasi-Government, Central PSUs, State PSUs, Defence personnel, Educational Institutions of National Repute:
2 year MCLR |
Spread over 2 year MCLR |
Effective Interest Rate with No Reset |
7.20% |
4.30% - 6.40% |
11.50% - 13.60% |
ii. Co-operatives/ Institutions not covered under regular Xpress Credit loan scheme and Unrated Corporates:
2 year MCLR |
Spread over 2 year MCLR |
Effective Interest Rate with No Reset |
7.20% |
5.05% - 6.65% |
12.25% - 13.85% |
IV. OTHER UNSECURED PERSONAL LOANS
Mean ROI for Pension Loan : JAN -MAR’21 – 9.83%
Other Unsecured Personal Loans |
Scheme |
Revised |
2 year MCLR |
Spread over 2 year MCLR |
Effective Interest Rate with No Reset |
Pension Loan(including PAPNL-Pre Approved pension Loans) |
7.20% |
2.55%-3.05% |
9.75%-10.25% |
Clean Overdraft |
7.20% |
8.45% |
15.65% |
Xpress Credit Insta Top-Up |
7.20% |
3.50% |
10.70% |
Other Unsecured Personal Loan |
Scheme |
1 year MCLR |
Spread over 2 year MCLR |
Effective Interest Rate Reset |
Pre-Approved Personal Loans (PAPL) |
7.00% |
5.60% |
12.60% |
Scheme |
2 year MCLR |
Spread over 2 year MCLR |
Effective Interest Rate with No Reset |
SPL. PAPL |
7.20% |
2.40% |
9.60% |
SBI QUICK PERSONAL LOANS THROUGH CLP PORTAL |
Scheme |
2 year MCLR |
Spread over 2 year MCLR |
Effective Interest Rate with No Reset |
SBI Quick Personal loan
Through CLP portal |
7.20% |
3.65 - 5.65% |
10.85% - 12.85% |
(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 is ranked as 236th in the Fortune Global 500 list of the world's biggest corporations of 2019.
It is the largest bank in India with a 23% market share in assets, besides a share of one-fourth of the total loan and deposits market. Highest Bank branches with 22,010 locations. Revenue ₹2.79644 trillion (US$39 billion) (2019). Number of employees at present working in SBI are 257,252 (March 2019). "Best Transaction Bank & Best Payment Bank in India" Award for 2019.
State Bank of India Head Office Address:
State Bank of India, State Bank Bhawna, 16th Floor, Madame Cama Road, Mumbai-400021
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