SBI Personal Loan

You can get a personal loan of up to ₹35 Lakhs with a personal loan from the State Bank of India. The bank offers low interest rates starting from just 11.45% per annum and a flexible repayment tenure of up to 72 months. You can even apply for the loan online or visit a branch office near you to get started. If you apply for the loan before 31st January 2025, you may not have to pay any processing fee under the Festive Dhamaka offer from SBI.

Here are some important details of personal loans from SBI that you should know about:

The interest rates offered by SBI differ depending on the type of personal loan you choose. These are as follows:

When it comes to loans, one of the most important components that you must be aware of is the EMIs. These are payable monthly and you are obligated to pay them on time. Hence, understanding the EMI outflow allows you to determine the best option for you. 

So, when deciding on the SBI Personal Loan, use the EMI calculator to find the EMIs and the interest that you will pay. All you have to do is enter the SBI Personal Loan interest rate, loan amount, and loan tenure.

SBI offers different types of personal loans for various categories of customers. Whether you have an SBI account or not, you can apply for an SBI Personal Loan based on your financial needs. 

Here are some of the features of these personal loans:

1. Real Time Xpress Credit

Get a personal loan of up to ₹35 Lakhs for a tenure of up to 72 months. The interest rates offered on this loan start from as low as 11.45% per annum.

2. SBI Xpress Elite

If you have an income of over ₹1 Lakh per month, you can borrow an amount ranging from ₹3 Lakhs to ₹35 Lakhs with this loan. However, to qualify for this loan, you must have a salary account with SBI.

3. SBI Pre-approved Personal Loans

This loan is available on the YONO mobile app and does not require any physical documentation. You can check your eligibility for this loan through an SMS as well.

For this, send ‘PAPL<space><last 4 digits of SBI Savings Bank Account No.>’ to 567676.

4. SBI Xpress Flexi 

Enjoy the flexibility of an overdraft facility with the SBI Xpress Flexi loan. You can get access to a high loan amount of up to ₹20 Lakhs with this loan. However, to qualify for this loan you should have a Diamond, Platinum or Rhodium category Salary Package Account with SBI.

Here are some common SBI Personal Loan eligibility requirements, you need to meet to get a loan:

• If you work for any of the following organisations:

  • Central/ State/ Quasi Governments

  • Defence/ Central Armed Police/ Indian Coast Guard

  • Central & State PSUs

  • Corporates (Private & Public Ltd.)
    

• You must have a minimum monthly income of ₹25,000

• You should be a resident of India

Depending on the personal loan category you choose, the documentation required to obtain an SBI Personal Loan may vary. The following is a list of essential documents required for an SBI Personal Loan:

• Applicants must submit a completed application form as well as passport-sized pictures
  

• KYC documents like ration cards, bank account statements, passports, driving licences, electricity bills, telephone bills, Aadhaar cards, etc.
  

• Income Proof: Bank Account Statement, Salary Slips, ITR, Form 16

SBI may require you to submit some additional documentation based on the requirements.

You can contact the SBI customer case through multiple channels. Here are the details:

• 1800-1234 / 1800-11-2211 / 1800-425-3800 are toll-free numbers
  

• You can also use the Customer Request and Complaint Form available online to file a complaint
  

• Send an email to contactcentre@sbi.co.in describing your request or complaint
  

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.