SBI Personal Loan Interest Rates - Updated as on 12 October 2024
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 | 12.45% | 4 | ₹ 5561 | ₹ 66932 |
2,00,000 | 16.55% | 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
(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
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