Get SBI Personal Loan up to Rs.15 lakh ✔ Lowest interest rates ✔ Online application process ✔ Instant loan approval ✔ Lowest Interest Rates and Charges ✔ Money in bank in 72 hours ✔ No collateral required ✔ Check your loan eligibility online in a minute. Check your SBI Personal Loan Eligibility with Personal Loan Eligibility Calculator & apply for the personal loan online in seconds at

Interest Rates 11.75% – 16.55%
Processing Fees 1% of loan sanctioned + Taxes
Prepayment Charges 3% of outstanding
Repayment Time Upto 5 Years
Document Charges N.A
Guarantor No guarantor required
Age Limit 21 – 58
Minimum Income 15000 above
Eligibility Salaried, Self Employed
Loan Amount Upto 15 Lakh
Disbursal Time Within 72 Hours
Toll Free Customer Care Number 1800 425 3800

State Bank of India offers personal loans in various types – Xpress Credit Personal Loan, Loans To Pensioners, ‎SBI Saral Personal Loan. You can get personal loan for the end use of for wedding, higher education, travel abroad, personal expenses, credit card payments, child education, tuition fees, buy consumer durable like TV, LED, AC, Smartphones Etc.

SBI Personal Loan Eligibility

You are a salaried professional between 21 to 58 years of age.

Cities Minimum net salary per month (Rs.)
Ahmedabad, Bangalore, Chennai,Coimbatore, Delhi, Faridabad, Ghaziabad,Gurgaon, Hyderabad, Mumbai, Noida, Pune,Surat, Thane 15,000
Chandigarh, Cochin, Jaipur, Kolkata, Nagpur, 15,000
Aurangabad, Baroda, Bhubaneswar, Indore,Madurai, Mysore, Nasik, Trivandrum, Vijayawada, Vizag 15,000

SBI Personal Loan Interest Rates 2018

Credit Info Bureau Score 1 Year MCLR Spread Over MCLR Interest Rate
800 and Above 7.95% 3.65% 11.60%
700 – 799 7.95% 4.15% 12.10%
600 – 699 / No Score 7.95% 7.15% 15.10%
Below 600 No Loan


SBI Personal Loan EMI Calculator

SBI personal loan emi calculator is a tool which helps you to know how much amount you have to pay against the loan which you take from SBI. EMI depends on various factors:

  1. Loan Amount
  2. Interest Rate
  3. No. of Repayment Time in Months or Years

Here’s the illustration which helps you to know how much amount you have to pay along with interest part. Example – you take a loan amount of 1.75 lakh at 13.50% rate of interest for 3 years. So the minimum monthly equated amount given by you to bank are Rs.5938.68.

  • Loan Amount = 175000
  • Interest Rate (Reducing)= 13.50%
  • Loan Tenure = 36 (Months)
  • Calculated Monthly EMI = Rs.5938.68
  • Total Amount with Interest = 213792.48

Below are few example for easy calculations.

Loan amount Interest Rate Tenure/months EMI/month
50000 11.95% 36 1659.52
75000 12.45% 36 2507.22
1 lakh 13.00% 36 3369.4
1.5 lakh 14.00% 36 5126.64
2 Lakh 15.00% 36 6933.07
2.5 Lakh 16.65% 36 8869.7
3 Lakh 14.50% 36 10326.29

Documents required for SBI Personal Loan

Category Documents Required
Financials Salary slips of the last 3 months
Bank statements Salary account bank statement of the last 3 months
Employment proof Employee ID card
KYC Identity proof (Any one of the below)
Passport / Voters ID card / Driving license / PAN card
Address proof (Any one of the below)
Passport / Driving license / Ration card / Latest mobile bill / Letter from employer (with HR / Admin sign)

Get Details On – SBI Personal Loan EMI Calculator

How to Apply for SBI Personal Loan

Applying for a SBI online Personal Loan is simple. It just takes 4 simple steps to get an instant Personal Loan approval!

Step 1: Click here to go to our online form. Fill-in all details and submit the form at

Step 2: Get an instant quotes on loan amount & eligibility. Select your required loan amount and tenure.

Step 3: Our representative will get in touch with you for document collection & other formalities.

Step 4: Loan sanctioned and Money will be credited to your account within 72 working hours after disbursal!

Branch Locations in India for SBI Personal Loan

Location Branch Address
Delhi Central.Market, D24.Lajpat.Nagar, New Delhi, Delhi 110024
S-12, Green Park Extension Near Uphaar Cinema, Sri Aurobindo Marg, Green Park, New Delhi, Delhi 110016
U G floor, Ansal Chembers -1, New Delhi, Bhikaji Cama Place, RK Puram, New Delhi, Delhi 110066
Voltas House, 63, 1st Floor, Dr Baba Saheb Ambedkar Rd, Ghodapdeo, Byculla East, Mazgaon, Mumbai, Maharashtra 400033
Shop No.4, Manek Appartment, Shankar Lane, Kandivali West, Mumbai, Maharashtra 400067
Bangalore 155, 26th Main Rd, 4th T Block East, Jayanagar, Bengaluru, Karnataka 560041
No. 99/37, Byrasandra Main Rd, First Block East, Jayanagar East, Jayanagar, Bengaluru, Karnataka 560011
422, 7th Main Road, Balaji Nagar, Sadduguntepalya, Bengaluru, Karnataka 560029
Hyderabad Sanath Nagar Rd, Shivaji Nagar, Tulasi Nagar, Sanath Nagar, Hyderabad, Telangana 500018
Laxmi Nagar, Kondapur, Hyderabad, Telangana 500084
5-4-5, Padmavathi House Near GPO, Troop Bazaar, Abids, Hyderabad, Telangana
Pune Sr,no,176, Sarita Recidency Bhekrainagar near,Sonai English School pune, Hadapsar, Pune, Maharashtra 412308
Jangali Maharaj Rd, Deccan Gymkhana, Pune, Maharashtra 411004
Cochin Cochin Shipyard, Mahatma Gandhi Rd, Perumanoor, Ernakulam, Kerala 682015
NO:9/543-1, EVKV Building, Cochin – Madurai Highway, Kottaram Junction, Maradu P O, Kundanoor, Ernakulam, Kerala 682304
PJ Antony Rd, Sonia Nagar, Palarivattom, Ernakulam, Kerala 682025
Chennai 594, Anna Salai, Teynampet, Thiru Vi Ka Kudiyiruppu, Teynampet, Chennai, Tamil Nadu 600018
 Whannels Rd, Egmore, Chennai, Tamil Nadu 600008
TNHB Complex, 1 Housing Board Shopping Complex, Jawaharlal Nehru Rd, Ashok Nagar, Chennai, Tamil Nadu 600083
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SBI Personal Loan – Interest Rates Dec 2018 updated
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