This loan is available for both salaried and self-employed individuals to cover unexpected financial needs. Borrowers can use the SBI Personal Loan for various expenses, including weddings, international travel, education abroad, medical costs, and more. The bank offers competitive interest rates, which vary based on employment type and credit history. Additionally, a personal loan by SBI provides a longer repayment tenure of up to 6 years—one year more than most other lenders.

SBI Personal Loan Interest Rates 2025

Check out the key details on SBI Personal Loan interest rates and loan amounts in the table below. -

Particulars	Details
Interest Rates	Starting from 11.45% p.a. up to 14.60% p.a.
Loan Amount	Up to Rs. 30 lakhs / 24 times NMI for Salaried employees
Loan Tenure	6 years  For pensioners, it can go up to 7 years

Types of SBI Personal Loan

State Bank of India provides personal loans through schemes such as Xpress Credit, Xpress ELITE Scheme, and SBI Pension Loan. It has low interest rates, a higher loan amount facility needs no collateral, and charges zero prepayment fees, making it more feasible for the borrowers.

Here are the types of SBI Personal Loans -

1. SBI Xpress Credit Personal Loan
2. Xpress ELITE Scheme by SBI
3. SBI Pension Loan
4. Xpress Flexi SBI
5. SBI Pre-Approved Personal Loans (PAPL) on YONO
6. Real-Time Xpress Credit

SBI Xpress Credit Personal Loan

The Xpress Credit Loan is one such type of loan which you can easily avail whenever you need it. Ideal for urgent travel or medical expenses. The loan comes easily with minimum documentation, no hidden and pre-payment charges, and a low processing fee. 

Know more about SBI Xpress Credit Personal Loan here.

Criteria	Details
Interest Rates	11.45% p.a. - 14.60% p.a.
Repayment Period	6 Months to 72 Months (6 Years)
Processing Fee	1.50% of the loan amount (Min Rs.1,000 + GST, Max Rs.15,000 + GST).
Prepayment Charges	3% of the Prepaid Amount

Eligibility For SBI Xpress Credit Personal Loan

• Salaried applicants with a salary package account with SBI 
• Minimum net monthly income: Rs.25,000.
• Loan Amount: Rs.1 lakh to Rs.35 lakhs (up to 24x NMI)
• EMI/NMI ratio up to 65%

Terms And Conditions of SBI Xpress Credit Personal Loan

• Loan Tenure: 6 to 72 months 

• Processing Fee: Up to 1.50% (Rs.1,000 min, Rs.15,000 max) + GST (Waived until further notice) 

• Penal Charges:
  • Irregularity up to 60 days: 2.40% p.a. on the irregular portion
  • Beyond 60 days: 5% p.a. on the outstanding amount 

• Repayment: EMIs via auto-debit from Salary Package Account
   
• Loan Closure: At the home branch, app, or portal after clearing dues. 

SBI Xpress ELITE Scheme

For the applicants having their salary account with SBI:

Criteria	Details
Interest Rates	11.45% p.a. - 11.95% p.a.
Repayment Period	6 Months to 72 Months (6 years)
Loan Amount	Minimum: Rs. 3,00,000 Maximum: Rs. 35,00,000 / 24 times NMI
Processing Fees	NIL

Eligibility For SBI Xpress ELITE Scheme

• Eligibility: SBI Salary Account holders with a minimum net monthly income of Rs.1,00,000
• EMI/NMI Ratio: Up to 65%
• Eligible Employers: 
  • Central/State/Quasi Govt. & Defense forces
  • CAPF/Indian Coast Guard
  • Central & State PSUs
  • Private & Public Ltd. Corporates

• Loan Amount: Rs.3 lakh to Rs.35 lakh (up to 24x NMI)

Terms And Conditions of  SBI Xpress ELITE Scheme 

• Processing Fee: Up to 1.50% (Rs.1,000 min, Rs.15,000 max) + GST (Waived until further notification)

• Penal Charges:
  • Irregularity up to 60 days: 2.40% p.a. on the irregular portion.
  • Beyond 60 days: 5% p.a. on the outstanding amount.

• Prepayment Charges:
  • 3% on prepaid amount for early closure (waived after 3 years)
  • Defense customers: No charges if closed after 6 months
  • Govt./Corporate borrowers: No charges if refinanced under the same scheme after 6 months
  • Platinum & Rhodium Corporate Salary Package customers: No charges if closed after 6 months
  • Takeover cases by other banks: A 3% prepayment penalty applies

• Repayment Period: 6 to 84 months
   
• Loan Closure: Before retirement, contract end date, or 60 years of age. 

SBI Pension Loan

SBI Pension Loan is provided to those pensioners who are receiving their pensions through the central or the state government. These pensioners can easily avail of this loan to meet their urgent or unexpected personal financial needs. This loan comes with a nominal processing fee, no hidden and prepayment fee.

Criteria	Details
Interest Rates	Starting from 11.60% p.a.
Repayment Period	SBI PENSION LOAN - 72 months (Loan to be repaid by 78 years of age)
	JAI JAWAN PENSION LOAN - Up to 72 EMIs, starting one month after loan disbursal via SI or pension account debit.
	PENSIONERS OF PSUs - 72 months (Loan to be repaid by 78 years of age)
Processing Fees	1% of the loan amount (Min Rs.1,000 + GST, Max Rs.10,000 + GST)
Age	Below 76 years

RATE OF INTEREST OF PENSION LOAN SCHEME

Scheme	Effective Interest Rate
SBI Pension Loan	11.60%
Jai Jawan Pension Loan	11.60%
Pension Loan to Treasury/ PSU Pensioners	11.60% - 12.10%
Pre-Approved Pension Loans (PAPNL)	11.60%

Eligibility For SBI Pension Loan

For Central & State Govt. Pensioners

• Pensioner must be below 76 years
• Pension paid through SBI
• Irrevocable undertaking to retain pension mandate with SBI
• Treasury consent is required to prevent pension transfer until NOC is issued
• Spouse (eligible for family pension) or third-party guarantor required

For Defence Pensioners

• Includes Armed Forces, Paramilitary (CRPF, CISF, BSF, ITBP, etc.), Coast Guard, Rashtriya Rifles, Assam Rifles
• Pension paid through SBI
• No minimum age, max age below 76 at loan processing

For Family Pensioners

• Authorized family members receiving a pension after the pensioner’s death
• Must be below 76 years

Xpress Flexi SBI

SBI Xpress Flexi Personal Loan offers an overdraft facility for salaried customers earning Rs.50,000+ per month. Use funds anytime for weddings, vacations, emergencies, or planned expenses.

SBI Pre-Approved Personal Loans (PAPL) on YONO

Enjoy instant Pre-Approved Personal Loans with SBI, available 24/7 via YONO or Internet Banking in just four clicks. Offered to pre-selected customers based on predefined criteria.

Criteria	Details
Interest Rate	11.45% p.a. onwards
Processing Fee	NIL

Eligibility of SBI-Approved Personal Loans(PAPL) on YONO

• SMS “PAPL ” to 567676 to check your eligibility 

Please note: PAPL is a pre-approved offer; the final sanction depends on eligibility and terms & conditions.

How to Avail

• Login to the YONO app or Internet Banking
• Click on the PAPL Banner
• Enter PAN & Date of Birth for validation
• Select Loan Tenure & Amount
• Enter OTP → Loan amount credited

SBI Personal Loan Eligibility Criteria

Here are the eligibility criteria for SBI Personal Loan. Make sure to go through them before applying for it -

• Minimum Monthly Income: Rs.25,000
• EMI/NMI Ratio: Up to 60%
• Eligible Employees:
  • Central/State/Quasi-Government
  • Central & State PSUs
  • Reputed Educational Institutions
  • Selected Corporations (with/without bank relationship)
• Loan Amount:
  • Minimum: Rs.1 lakh
  • Maximum: Rs.30 lakh or 24× NMI
• Salary account with SBI. 

Documents Required to Apply for SBI Personal Loan

The list of documents that a person must carry while applying for SBI Personal loan is as follows:

• Signed loan application form
• Identity Proof- PAN Card/Voter ID Card/Passport/Driving License, etc.
• Processing fee cheque
• Last 3 months' bank statement or 6 months bank passbook.
• Latest salary slip & Current dated salary certificate with the Latest Form 16 for salaried individuals.
• Latest Bank statement or Latest ITR of Form 16 for self-employed individuals. 

How to Calculate SBI Personal Loan Monthly EMI?

If you plan to take a loan of Rs. 20,00,000 lakh at an interest rate of 14% per annum for 5 years, you can calculate your monthly EMI using the SBI Personal Loan Calculator Online by Wishfin.

Simply enter the following details:

• Loan Amount
• Interest Rate
• Loan Tenure

Refer to the table below for the EMI calculations.

Tenure	Loan Amount	Interest Rate(11.45% p.a.)	Interest Rate(14.60% p.a.)
1	Rs. 20,00,000	Rs.1,77,183.40	Rs.1,80,139.34
2	Rs. 20,00,000	Rs.93,634.07	Rs.96,593.64
3	Rs. 20,00,000	Rs.65,904.46	Rs.68,939.53
4	Rs. 20,00,000	Rs.52,129.20	Rs.55,256.81
5	Rs. 20,00,000	Rs.43,935.03	Rs.47,160.96

Why Choose SBI Personal Loan?

Personal loans are unsecured loans, which means there is no security or collateral required to get them. Similarly, it is also given without any collateral. Some of the main factors that make the SBI personal loan scheme unique have been given below.

• Attractive Rate of Interest: SBI charges one of the lowest personal loan interest rates and hence is customer-friendly. The personal loan interest rates of SBI are on a daily recurring balance basis, therefore ensuring maximum benefits to the borrowers.
• Timely Discounted Schemes: SBI is one of the very few banks that give offers on personal loans from time to time – like there are Diwali offers and also has discounts for government employees, doctors, and other professionals.
• No Hidden Charges: There are no hidden charges or penalties for any SBI personal loan scheme.
• No Prepayment Penalty: For personal loans, the  State Bank of India charges no prepayment or foreclosure charges. However, if the loan is being repaid before six months of the loan approval date, the bank charges 1% of the outstanding loan amount.
• Instant Loan Approval: As there is no collateral required to take a personal loan from SBI bank, the loan approval is quicker and smoother.
• Online Loan Submission: Nowadays, people look forward to doing everything online. Keeping this demand in notice, the State Bank of India provides online loan submission that saves the loan borrowers time.

Features of SBI Personal Loan

The personal loan scheme of SBI has many advantages, like low interest rates, low processing fees, higher loan amounts, etc. Here are some of the main features of SBI personal loans:

• High Loan Amount: Get loans up to Rs.35 lakh based on eligibility.
• Low Interest Rates: Competitive rates for affordable EMIs.
• Fast Processing: Quick approvals with minimal documentation.
• Specialized Schemes: Tailored loan options for different customer segments.
• 24×7 Support: Dedicated customer service is available anytime.

How to Apply for an SBI Personal Loan?

State Bank of India gives you the option to submit your application online. 

You simply need to -

1. Visit the site, navigate to the personal loan section, and fill out the online application with personal and professional details. 
2. Submit the form, and bank executives will contact you after evaluating your profile.

However, one can also visit the nearest bank branch and do the required formalities.

SBI Personal Loan Application Form Download

• Step 1: Fill out the personal loan application form.
• Step 2: Download the form from the official SBI website to avoid bank queues.
• Step 3: Complete the form with required details.
• Step 4: Submit the form online or at the nearest SBI branch.
• Step 5: Loan processing begins upon submission.

SBI Personal Loan Status

The applicant can any time check the status of the personal loan online. All that the customer needs to do is just log in to the respective account and within a few seconds, can know the exact status of the loan online.

SBI Personal Loan Customer Care Contact Number

If a borrower has some queries related to SBI personal loan, he/she can contact the bank on the toll-free no.:

• 1800 11 2211, 1800 425 3800, 1800 1234, 1800 2100

The moment you dial these numbers, the bank executives make sure to solve all your queries and complaints and give the best solution.

SBI Personal Loan for Government Employees

If you are a government employee, you would be glad to know that the State Bank of India offers the best personal loan schemes to all government employees. The bank gives special offers to such employees with minimal documentation, attractive interest rates, and flexible tenures. These employees can get the best deal and enjoy plenty of other benefits.

Summarising!

SBI Personal Loans offer a wide range of options catering to different borrower profiles, including salaried individuals, pensioners, and pre-approved customers. With competitive interest rates starting at 11.45% p.a., flexible repayment tenures of up to 6 years (7 years for pensioners), and minimal documentation, SBI ensures a hassle-free borrowing experience. No hidden charges, discounted schemes, and online application options improve accessibility for travel, medical emergencies, or other financial needs, SBI Personal Loans provide a convenient and affordable solution with quick processing and dedicated customer support.