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SBI Personal Loan

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SBI Personal Loan


SBI Advantage

  • Low Personal Loan Interest Rates. Further, charge interest on a daily reducing balance!!
  • Minimum processing charges; only 1%-2% of loan amount.
  • No hidden costs or administrative charges.
  • No security required which means minimal documentation something that you had always wanted.
  • No prepayment penalties. Reduce your interest burden and optimally utilize your surplus funds by prepaying the loan (1% of the loan amount will be charged if you repay the loan before 6 months)
  • Long repayment period of up to 48 months.


Salaried (At present, only salaried individuals are covered under the scheme).

Eligibility Criteria Loan Amount Documents Required

Resident Indian National

2.50 lakhs in Non Metros
5 lakhs in Metros
Upto 10 lakhs where salaried account or current account is with Sbi
It is determined by your repayment capacity.
Minimum Income: Rs.24,000/- in metro and urban centres
Rs.10,000/- in rural/semi-urban centres
Maximum Loan Amount: 12 times Net Monthly Income for salaried individuals and pensioners subject to a ceiling of Rs.10 lacs in all centres

1). Passport size photograph
2). Proof of official address for self employed individuals and professionals. This can include shop and establishment certificate/Lease deed/Telephone Bill
3). Latest Salary clip and Form 16, in the case of salaried persons.


  • Max Tenor : 48 months
  • Processing fee : 1%
  • No prepayment charges.

Interest Rates

Interest Rates

Personal Loans Scheme (SBI Saral)

16.75% p.a.

SBI Loan to Pensioners

12.25% p.a.

Loans to Employee to Subscribe to ESOPs

14.00% p.a.