Loan EMI
Total Interest Payable
Total Payment
(Principal + Interest)
SBI Personal Loan
SBI Personal Loan Interest Rates 2024 Starting from @ 11.15% p.a. Apply Online for SBI Personal Loan to achieve your dreams, to full-fill your all needs, to enjoy your vacations, to renovate your home, to educate you and your family, to marriage your family, to unplanned emergency and so on. In any situation State Bank of India (SBI) always with you in the form of SBI Personal Loan.
SBI Personal Loan Highlights
Loan up to 30 lakhs.
Minimum documents.
Low processing fee.
Low interest rates.
Fast approval.
Flexible tenure.
SBI Xpress Credit
Loan to salaried employees having their salary account with SBI.
SBI Pension Loan
Loan to pensioners.
SBI Xpress Elite
Special personal loan to salaried customers with monthly income with 1 lakhs.
SBI Xpress Flexi
Overdraft facility for salaried customers.
Pre-approved Personal Loan
Apply SBI Pre-approved personal loan via SBI Yono application in 4 click.
SBI Quick Personal Loan
Loan to salaried customers not maintaining their salary account with SBI.
Real-Time Xpress Credit
Digital loan to Defence/ Goverment Package customers.
Loan to salaried employees having their salary account with SBI. Get quick approval and instant disbursal with minimum documents in SBI Xpress Credit Personal Loan.
Features of SBI Xpress Credit
- Loan up to 30 Lakhs.
- Maximum 24 times of NMI.
- Fast approval process.
- Low interest rates, started @11.15% p.a.
- Interest on daily reducing balance.
- Low processing fees up to 1.01% (Rs.1000 – Rs.15000).
- Flexible tenure from 6 months to 72 months.
- Overdraft facility for min. Rs. 5 lakhs to Rs. 20 Lakhs.
- Minimum documents.
- Balance transfers at low Interest Rates.
- Zero hidden charges.
- Insurance option available.
- Provision for second loan.
- No security and no guarantor.
Eligibility of SBI Xpress Credit
- Age of Individuals between 21 years to 60 years.
- salaried employees having their salary account with SBI.
- Minimum monthly income Rs. 15000/.
- Employee of private limited companies, employee of central, state, quasi government, public sector undertakings, including central, state and local bodies.
- Minimum service of 1 years.
- EMI/NMI ratio of 50%.
Fee & Charges of SBI Xpress Credit
- Processing fees – up to 1.01% (Rs.1000 – Rs.15000). + GST.
- Stamp duty – As per applicable law of the state.
- Interest rate – Salaried 11.15% to 14.30%.
- Penal interest – 2% p.m. on over due amount for the period of default.
- Prepayment charge – 3% on prepaid amount.
- Cheque bounce – Rs. 250 per bounce.
Documents of SBI Xpress Credit
- Identity proof* / address proof* (copy of passport, voter ID card, driving license, Aadhaar card).
- Last 6 month’s bank statement.
- Last 6 month’s salary slip.
- Income tax return (to be uploaded on CLP).
- Form 16 (optional).
SBI Quick Personal Loan
Quick Personal Loan to salaried customers not maintaining their salary account with SBI. SBI has customized a personal loan for you. Now there is no need to borrow money form anyone, SBI have brought a golden opportunity for you to fulfill your dream.
Features of SBI Quick Personal Loan
- Loan up to 20 Lakhs.
- Maximum 24 times of NMI.
- Fast approval process.
- Low interest rates, started @11.40% p.a.
- Interest on daily reducing balance.
- Low processing fees up to 1.50% (Rs.1000 – Rs.15000).
- Flexible tenure from 6 months to 72 months.
- Minimum documents.
- Balance transfers at low Interest Rates.
- Zero hidden charges.
- Insurance option available.
- Provision for second loan.
- No security and no guarantor.
Eligibility of SBI Quick Personal Loan
- Age of Individuals between 21 years to 58 years.
- Employed not maintaining their salary account with SBI.
- Minimum monthly income Rs. 15000/.
- Employee of private limited companies, employee of central, state, quasi government, public sector undertakings, including central, state and local bodies.
- Minimum service of 1 years.
- EMI/NMI ratio of 50%.
Fee & Charges of Quick Personal Loan
- Processing fees – up to 1.50% (Rs.1000 – Rs.15000). + GST.
- Stamp duty – As per applicable law of the state.
- Interest rate – Salaried 11.40% to 14.30%.
- Penal interest – 2% p.m. on over due amount for the period of default.
- Prepayment charge – 3% on prepaid amount.
- Cheque bounce – Rs. 250 per bounce.
Documents of Quick Personal Loan
- Identity proof* / address proof* (copy of passport, voter ID card, driving license, Aadhaar card).
- Last 6 month’s bank statement.
- Last 6 month’s salary slip.
- Income tax return (to be uploaded on CLP).
- Form 16 (optional).
SBI Pension Loan, Jai Jawan Pension Loan, Pension Loan for PSUs.
Those Pensioners whose Pension account maintain with SBI. The Bank can offers Pension Loan up to Rs. 14 lakhs for any purpose like children’s marriage, dream home, unexpected medical emergency, vacation trip with simple and hassle free loan and repayment.
Features of SBI Pension Loan
- Loan up to 14 Lakhs.
- Maximum 24 times of NMI.
- Fast approval process.
- Low interest rates, started @11.33% p.a.
- Interest on daily reducing balance.
- Low processing fees up to 1.50% (Rs.1000 – Rs.15000).
- Flexible tenure up to 72 months.
- Minimum documents.
- Zero hidden charges.
- You can apply at all SBI branches.
Eligibility of Pension Loan
- For central, state government, defence, family
- Maximum age at a time of Loan Sanction 76 years.
- Pension payment order maintained with SBI.
- Minimum monthly income Rs. 15000/.
- Pensioners of central, state government, armed Forces, including Army, Navy and Air Force, Paramilitary Forces (CRPF, CISF, BSF, ITBP, etc.), Coast Guards, Rashtriya Rifles, Assam Rifles, Family pensioners (who receive pension after the death of the pensioners).
- All other terms & conditions of the scheme will be applicable.
- EMI/NMP not exceed 33% (for family pensioners).
- EMI/NMP not exceed 50% (for other pensioners).
Fees & Charges of SBI Pension Loan
- Processing fees – up to 1.50% (Rs.1000 – Rs.15000). + GST.
- Stamp duty – As per applicable law of the state.
- Interest rate – Starting @11.30% p.a.
- Penal interest – 2% p.m. on over due amount for the period of default.
- Prepayment charge – 3% on prepaid amount. No prepayment, foreclosure charges if the a/c. is closed from the proceeds of a new loan a/c. under the same scheme.
- Cheque bounce – Rs. 250 per bounce.
Get an Overdraft facility up to Rs. 25 lakhs under SBI Xpress Flexi Personal loan and withdraw as when you need. Interest will be charged only on the money withdrawn and not on the remaining money. SBI Xpress Flexi Loan to all salaried customers having their monthly salary Rs. 50,000 and above.
Features of SBI Xpress Flexi
- An Overdraft facility up to Rs. 25 lakhs, with reducing drawing power.
- No pre-payment penalty.
- Facility to deposit surplus fund in the loan account.
- Maximum 24 times of NMI.
- Fast approval process.
- Low interest rates, started @11.40% p.a.
- Low processing fees up to 1.50% (Rs.1000 – Rs.15000).
- No annual maintenance charge.
- Flexible tenure from 6 months to 72 months.
- Minimum documents.
- Zero hidden charges.
- No security, no guarantor.
Eligibility of SBI Xpress Flexi
- Individuals having diamond & Platinum category salary package with SBI.
- Minimum monthly income Rs. 50,000.
- Employee of private limited companies, employee of central, state, quasi government, defense, central armed police, public sector undertakings, including central, state and local bodies.
- Minimum service of 1 years.
- EMI/NMI ratio up to 65%.
Fees & Charges of SBI Xpress Flexi
- Processing fees – up to 1.50% (Rs.1000 – Rs.15000). + GST.
- Stamp duty – As per applicable law of the state.
- Interest rate – Salaried 11.40% to 14.30%.
- Penal interest – 2% p.m. on over due amount for the period of default.
- Prepayment charge – 3% on prepaid amount.
- Cheque bounce – Rs. 250 per bounce.
Documents :
- Identity proof* / address proof* (copy of passport, voter ID card, driving license, Aadhaar card).
- Last 6 month’s bank statement.
- Last 6 month’s salary slip.
- Income tax return (to be uploaded on CLP).
- Form 16 (optional).
SBI Personal Loan FAQs :
Q. What is the Repayment Tenure of SBI Personal Loan ? From 06 months to 72 months.
Q. How can I repayment my SBI Personal Loan ? you pay the loan in equal monthly installment (EMIs) through ECS or a standing instruction to debit your SBI account with the EMI amount.
Q. What is the minimum Loan amount that can be take in SBI Personal Loan ? If you become eligible for SBI Personal Loan then you will have to take a minimum loan of Rs 50,000.
Q. What is the maximum Loan amount that can be take in SBI Personal Loan ? SBI can give maximum personal loan up to 30 lakhs to the customers.
Q. What is the CIBIL Score required to get a SBI Loan ? A CIBIL Score is above 720 is considered good for sanctioning of personal loan.
Q. What is the eligibility criteria of SBI Xpress Credit Loan ? Employee of private limited companies, employee form public sector undertakings, including central, state and local bodies, defense Age of Individuals between 21 years to 60 years. Working experience of at least 2 years with minimum 1 years of current employer. Net monthly income minimum Rs. 15000. Salary account maintain with SBI. Better Credit History
Q. What will be my interest rate in SBI Loan ? SBI offers maximum Loan @ 11.15% to 20% of interest rates.
Q. Is there any stamp duty applicable for taking SBI Personal Loan ? Stamp duty is levied by the Indian Government and its compulsory to be paid to the Government.
Q. Is there any option to get the processing fees waived ? The bank has to incur some costs while processing and sanctioning of loan and hence the processing fee is charged accordingly.
Q. What is the maximum loan amount for SBI Pension Loan ? The Bank can offers Pension Loan up to Rs. 14 lakhs.
Q. How to check SBI Personal Loan status ? You can check the status of your SBI Personal Loan application by visiting the website of SBI Bank. All you need to provide is the reference or proposal number along with the date of birth or mobile number.