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.

SBI Personal loan details:

Interest rates 11.95% - 16.55%
Processing fees Up to 3% of the loan amount 
Prepayment charges Nil
Repayment options Upto 4 years
Maximum loan amount Rs.15 Lakh
Loan approval time 10 Minutes

₹ 273,923 crores worth of Personal Loan Applications received! (last updated on 24 May 2018)

Get Instant Quotes on Interest Rates & Eligibility on Personal Loans by Top 10 Banks & your CIBIL score absolutely FREE.

Loan Amount
Employment Status

SBI Personal Loan Interest Rates – Updated as on 14 Feb 2018

• Xpress Credit Personal Loan - 11.95% - 14.55%
• SBI Pension Loan - 12.45%
• Clean Overdraft - 16.55%
• Bhagya Rekha Loan - 11.05%
• Jai Jawan Pension Loan - 12.45%
• Xpress Credit to IT Employees – 12.90% - 14.90%
• OD for E-commerce purchase – 13.60%

Get gifts upto Rs 18,490 on disbursal.

Refer to T&C -

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)
  • 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)

• Maximum loan repayment tenure is 48 months (4 years)
• Processing fee is 2% - 3% of loan amount.
• No prepayment charges
• You can increase your loan eligibility by making your spouse a co-borrower.

Personal Loan EMI Calculator
Loan AmountROI %



Monthly EMITotal Interest AmountTotal Amount with Interest
2,00,000 12.45% 3 6686 40693 240693
2,00,000 14.95% 4 5561 66932 266932
2,00,000 16.55% 4 5725 74778 274778
Here, an EMI table for an amount of 2,00,000 for the tenure of 3 and 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 Xpress Credit Personal Loan

Minimum EMI per lakh Rs. 2,630 - Rs. 2,781 for 4 years.
Interest Rates - 11.95% - 14.55% p.a

SBI Xpress Credit Personal Loan Eligibility
SBI provides Xpress Credit personal loan to the employees of undernoted entities maintaining salary account with zero margin:
•Central and State Government
•Central PSUs
•Profit making State PSUs
•>Education Institutions of National Repute
•Selected Corporates
•Minimum slaary of Rs.7,500

Minimum Loan amount available under Xpress Credit Personal Loan
•Rs.24,000 for term loan
•Rs.10 lakhs for overdraft

SBI offers loan upto 24 times of net monthly income for salaried class individuals and pensioners. The maximum limit for personal loan is Rs.15 lakh.

Security - NIL
Processing Fees - SBI charges 1% of loan amount + applicable taxes
Part payment charges - 6 months to 60 months (or residual service period whichever is lesser)
Minimum EMI per lakh Rs. 2,656 - Rs. 2,781 for 4 years.
Interest Rates - 12.45% - 14.95% p.a

SBI Pension Loan

Minimum EMI per lakh - Rs. 2,655 for 4 years
Interest Rates on SBI Pension Loan - 12.45% p.a.

Features & Benefits of SBI Pension Loan:
• 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 theamount (+applicable taxes) with minimum Rs 500/-). Processing fee is not charged from SBI Defence Pensioners.

Loan Amount For Central & State Government Pensioners:

•Minimum loan amount is Rs 25,000
•Maximum loan amount Rs 14 lakh for applicants below 72 years
•Maximum of Rs 12 lakh for pensioners who are between 72 and 74 years
•Maximum amount of Rs 7.5 lakh for applicants between 74 and 76 years
•For family pensioners, minimum loan that can be availed is Rs 25,000.

Loan Amount For Defence Pensioners:

•Minimum loan amount is Rs 25,000 •>Rs 14 lakh for applicants upto 72 years of age
•Rs 12 lakh for pensioners between 72 and 74 years
•Rs 7.5 lakh for applicants between 74 and 76 years
(EMI / NMP not to exceed 50% in all the cases for Family Pensioners)

Loan Amount For Family Pensioners:
•Minimum amont Rs.25,000
•Rs.5 lakh for pensioners upto 72 years of age
•Rs.4.5 Lakh for pensioners between 72 and 74 years •Rs.2.5 Lakh for pensioners between 74 and 76 years
(EMI / NMP not to exceed 33% in all the cases for Family Pensioners)
Processing Fees:
•For Central & State Government Pensioners (including Family Pensioners) - 0.50% of the Loan Amount + applicable tax subject to Minimum of Rs. 500
•For Defence Pensioners – NIL
Repayment Period:
For Central & State Government Pensioners -

Minimum EMI per lakh - Rs. 2,656 - Rs. 2,781 for 4 years

Interest Rates on SBI Pension Loan - 12.95% p.a.

SBI Saral Personal Loan

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

SBI Saral Personal Loan Eligibility 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 For SBI Saral Pension 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 Rs.10 lakh.

    Security – NIL
    Processing Fees – SBI charges 2% - 3% of loan amount + applicable service tax
    Repayment Period – 48 EMIs
    Minimum EMI per lakh – Rs. 5,838/- for 4 years
    Interest Rates on SBI Saral Personal Loan - 17.65%

    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
    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,
    Telephone No. 22029456 or 22029451, Fax no. 22885369.