State Bank of India (SBI) Personal Loan

SBI is one of the biggest lenders in the country and offers a range of personal loan schemes to help you out


In our day-to-day life, even on special occasions and situation of emergency we require a good amount of funds to meet our financial needs and liabilities. We generally spend money on vacation, education, property, vehicles, marriage, medical emergency as well. There are situations when we have to arrange hefty amount within shorter duration. To meet the financial needs in such situations, personal loans play a vital role.

State Bank of India, one of the biggest lenders in the country, offers a range of personal loan schemes to help you out in times of distress. State Bank of India offers personal loan under four categories – SBI Pension Loan, SBI Xpress Credit Personal Loan, SBI Saral Personal Loan and SBI Festive Season Loan.

SBI Personal loan details

Interest rates 11.95%-16.55%
Processing fees upto 3% of the loan amount
Prepayment charges NIL
Repayment charges Upto 4 years
Maximum loan amount upto 19 lakh
Loan approval time Upto 10 minutes

SBI Personal loan intersrt rates

Xpress Credit Personal Loan 11.95%-14.55%
SBI Pension Loan 12.45%
Clean Overdraft 16.55%
Bhagya ekha Loan 11.05%
Jai Jawan Pension Loan 12.45%
Xpress Credit Cards to IT employees 12.90%-14.90%
OD or E-Commerce purchase 13.60%

Salaried Class

Eligibility Loan Amount Documents Required
Resident of India

Minimum - Rs 24,000 in metro and urban centres and Rs 10,000 in rural/semi-urban centres

Maximum: 12 times net monthly imcome (salaried and pensioners)

Passport size photograph

Identity proof

Office address proof (self-employed and professionals). The documents can be shop/establishment certificate, lease deed or telephone bill

Latest salary slip and Form 16 (salaried persons)

• Maximum loan repayment tenure is 48 months (4 years)        • Processing fee is 2% - 3% of loan amount.        • No prepayment charges         •You can increase your loan eligibility by making your spouse a co-borrower.

Personal Loan EMI Calculator

Loan Amount ROI Tenure Monthly EMI Total Interest Amount Total Amount with Interest
20,00,000 12.45% 3 6686 Rs40693 Rs240693
20,00,000 14.945% 4 5561 Rs66932 Rs266932
20,00,000 16.55% 4 5725 Rs74778 Rs274778
SBI Xpress Credit Personal Loan

Minimum EMI per lakh Rs. 2,630 - Rs. 2,781 for 4 years.

Interest Rates - 11.95% - 14.55% p.a


SBI Xpress Credit Personal Loan Eligibility

SBI provides Xpress Credit personal loan to the employees of undernoted entities maintaining salary account with zero margin:

  • Central and State Government
  • Quasi-Government
  • Central PSUs
  • Profit making State PSUs
  • Education Institutions of National Repute
  • Selected Corporates
  • Minimum slaary of Rs.7,500

Minimum Loan amount available under Xpress Credit Personal Loan

  • Rs.24,000 for term loan
  • Rs.10 lakhs for overdraft

SBI offers loan upto 24 times of net monthly income for salaried class individuals and pensioners. The maximum limit for personal loan is Rs.15 lakh.


Security - NIL

Processing Fees - SBI charges 1% of loan amount + applicable taxes

Part payment charges - 6 months to 60 months (or residual service period whichever is lesser)

Minimum EMI per lakh Rs. 2,656 - Rs. 2,781 for 4 years.

Interest Rates - 12.45% - 14.95% p.a

SBI Peánsion Loan

Minimum EMI per lakh - Rs. 2,655 for 4 years

Interest Rates on SBI Pension Loan - 12.45% p.a.

Features & Benefits of SBI Pension Loan:

  • Low processing fee, no hidden charge, no pre-payment charges
  • Family pensioner (spouse authorised to receive pension after pensioner's death) can avail loan but the applicant should not be more than 76 years.
  • Maximum 50% amount of pension is considered for availing loan.
  • SBI charges processing fee of 0.51% of theamount (+applicable taxes) with minimum Rs 500/-). Processing fee is not charged from SBI Defence Pensioners.

Loan Amount For Central & State Government Pensioners:

  • Minimum loan amount is Rs 25,000
  • Maximum loan amount Rs 14 lakh for applicants below 72 years
  • Maximum of Rs 12 lakh for pensioners who are between 72 and 74 years
  • Maximum amount of Rs 7.5 lakh for applicants between 74 and 76 years
  • For family pensioners, minimum loan that can be availed is Rs 25,000.

Loan Amount For Defence Pensioners:

  • Minimum loan amount is Rs 25,000 •>Rs 14 lakh for applicants upto 72 years of age
  • Rs 12 lakh for pensioners between 72 and 74 years
  • Rs 7.5 lakh for applicants between 74 and 76 years
  • (EMI / NMP not to exceed 50% in all the cases for Family Pensioners)

Loan Amount For Family Pensioners:

  • Minimum amont Rs.25,000
  • Rs.5 lakh for pensioners upto 72 years of age
  • Rs.4.5 Lakh for pensioners between 72 and 74 years
  • Rs.2.5 Lakh for pensioners between 74 and 76 years
  • (EMI / NMP not to exceed 33% in all the cases for Family Pensioners)

Processing Fees:

  • For Central & State Government Pensioners (including Family Pensioners) - 0.50% of the Loan Amount + applicable tax subject to Minimum of Rs. 500
  • For Defence Pensioners – NIL

Repayment Period:

For Central & State Government Pensioners -

Minimum EMI per lakh - Rs. 2,656 - Rs. 2,781 for 4 years

Interest Rates on SBI Pension Loan - 12.95% p.a.

SBI Saral Personal Loan

Saral personal loan is available for any legitimate purpose to those working in corporate sector, self-employed, engineers, doctors, architects, chartered accountants, MBA with two years of employment.

SBI Saral Personal Loan Eligibility You are eligible for SBI Saral Personal Loan if you are:

  • Salaried and working with any leading corporate house
  • Self-employed (engineer, doctor, architect, chartered accountant, MBA) with minimum 2 years experience.

Minimum Loan Amount For SBI Saral Pension Loan

  • Rs.24,000 in metro and urban centres
  • Rs.10,000 in rural/semi-urban centres

SBI offers loan upto 12 times of net monthly income for salaried class individuals and pensioners. The maximum limit for personal loan is Rs.10 lakh.

Security – NIL

Processing Fees – SBI charges 2% - 3% of loan amount + applicable service tax

Repayment Period – 48 EMIs

Minimum EMI per lakh – Rs. 5,838/- for 4

Interest Rates on SBI Saral Personal Loan - 17.65%

About State Bank of India

SBI is the largest lender in the country and has its headquarters in Mumbai, Maharashtra. The majority is owned by the Government of India. Consolidated report says that SBI had a total income of Rs 2,57,289.51 crore as on March 31, 2015. SBI has total assets of over Rs 25,29,394 crore.

There are as many as 16,995 branches of SBI in India, including 190 in other countries. State Bank has an agreement with GE for its credit card services. It is the only bank in the country to figure in the Forbes list of 500. SBI holds a major market share in the fields of personal loan (20%), home loan (25.5%) and car loan (26%).

Riding high on its extensive reach, SBI is the most searched and preferred bank in India and is accessible from almost every part of the country

State Bank Of IEndia Branches list for personal loans in India

SBI Branches in Delhi


SBI Branches in Delhi

  • ld Campus, Jawaharlal Nehru University, New Delhi, Delhi 110067
  • Asaf Ali Rd, New Delhi, Delhi 110006
  • Ansari Nagar Branch (AIIMS Campus), Ansari Nagar East, Gautam Nagar, New Delhi, Delhi (state) 110029
  • Shop No. 45, Priya Cinema Hall, Munirka Marg, Basant Lok, Vasant Vihar, New Delhi, Delhi 110057
  • East of Kailash, Garhi, New Delhi, Delhi 110065
  • Shop No.2, Local Shopping Centre, Sector 12, R.K. Puram, New Delhi, Delhi 110022
  • F-7, Best Mega Mall, 1st Floor, Bhagawan Mahavir Marg, Pocket 19, Sector-24, Rohini, New Delhi, Delhi 110085
  • Mohan Place, Near Mother Dairy, Block C, Saraswati Vihar, Pitampura, New Delhi, Delhi 110034
  • A1/86, Jain Acharya Shri Atma Ram Marg, A 1 Block, Paschim Vihar, New Delhi, Delhi 110063
  • HOUSE NO 69-70, POCKET NO F-22 G F, SECTOR-3, ROHINI, New Delhi, Delhi 110085
  • Kala Mandir Rd, Block O, Mangolpuri, New Delhi, Delhi 110083
  • 213, Plot No.7 K.P.Block Community, Vaishali, Pitampura Road, Pitampura, New Delhi, Delhi 110034
  • G-09,Vardhman Seven Eleven Plaza,Sector-7, Maharaja Agrasen Marg, Naharpur, Rohini, New Delhi, Delhi 110085
  • Delhi Technological University Campus, Bawana Rd, Shahbad Daulatpur Village, Rohini, New Delhi, Delhi 110042
  • Near Western Air Command, Subroto Park, New Delhi, Delhi 110010
SBI Branches in Mumbai

SBI Branches in Mumbai

  • SBI Personal Loan Branches in Mumbai
  • K K Road, Jacob Circle, Mumbai, Maharashtra 400011
  • Ballard Estate, Fort, Mumbai, Maharashtra 400001
  • Harbadevi, Madh, Mumbai, Maharashtra 400061
  • Anjana Apartments No 2, Shimpoli Rd, Vivekanand Nagar, Borivali West, Mumbai, Maharashtra 400092
  • Godavari, Building No.39, New, State Bank Officer's Quarter's, New Link Rd, Oshiwara, Andheri West, Mumbai, Maharashtra 400053
  • Rati Khush, Jawaharlal Nehru Rd, Vakola, Santacruz East, Mumbai, Maharashtra 400055
  • Maharshi Dayanand Saraswati Marg, Chembur Gaothan, Chembur, Mumbai, Maharashtra 400071
  • Prakash Thorat Marg, Tilak Nagar, Kurla East, Mumbai, Maharashtra 400089
  • Chakala Road, Hotel Samraj Building, Andheri East, Mumbai, Maharashtra 400099
  • Kadamghiri Complex, Hanuman Road, Vile Parle East, Mumbai, Maharashtra 400057
  • SBI Home Loan Branches in Pune
  • Shirole Bhavan , PMT Building, Jangali Maharaj Rd, Deccan Gymkhana, Pune, Maharashtra 411004
  • RB Motilal Kennedy Rd, Shivajinagar, Pune, Maharashtra 411005
  • K U B S Building, Shivneri Path, Krishi Samaj Putala, Opposite Shivaji Statue Gultekdi, Market Yard, Pune, Maharashtra 411037
  • Near Police Ground, University Road, Fergusson College Rd, Model Colony, Shivajinagar, Pune, Maharashtra 411005
  • Sangamvadi, Pune, Maharashtra 411001
  • Road No. 3, Arjun Marg, Khadki, Pune, Maharashtra 411003
SBI Branches in Bangalore

SBI Personal Loan Branches in Bangalore

  • 65, St Marks Rd, Shanthala Nagar, Sampangi Rama Nagar, Bengaluru, Karnataka 560001
  • 1793, 3-4, Air Cargo Complex, Bangalore Airport Exit Road, HAL Airport Road, Bengaluru, 560017
  • Pragathi Mahalakshmi Ind Suburb,, Yeshwanthpur, Bengaluru, Karnataka 560022
  • 89/37, G J Complex, 1st Block , East Byrasandra, Bengaluru, Karnataka 560011
  • MICO Employees Layout, 6th Main, BTM II Stage, Bengaluru, Karnataka 560076
  • Tasker Town, Ulsoor, Bengaluru, Karnataka 560001
  • Mosque Rd, Pulikeshi Nagar, Bengaluru, Karnataka 560005
  • 117,Industrial Layout,Ganapati Temple Road , Koramangala 7th Block, Bengaluru, Karnataka 560095
  • P.B 5072, KRISHI BHAVAN 1ST FLOOR, HUDSON CIRCLE, Bengaluru, Karnataka 560001
  • 6th Main Road, Jayamahal Extension, Jayamahal, Bengaluru, Karnataka 560046
  • 29/4, 61, Residency Plaza, Residency Road, Trade Centra, Bengaluru, Karnataka 560025
SBI Branches in Chennai

SBI Personal Loan Branches in Chennai

  • 271, Purasawakkam High Road, Perumalpet, Purasawakkam, Chennai, Tamil Nadu 600007
  • Shop No. 237, No. 115, Oriental House, Prakasam Road, Broadway, George Town, Chennai, Tamil Nadu 600108
  • N Beach Rd, George Town, Chennai, Tamil Nadu 600001
  • S Mint St, Kondithope, George Town, Chennai, Tamil Nadu 600001
  • 144,, Vepery High Road, Periyamedu, Periyamet, Chennai, Tamil Nadu 600007
  • Shop No.45, First Floor, Pantheon Road, Egmore, Chennai, Tamil Nadu 600008
  • Whannels Rd, Egmore, Chennai, Tamil Nadu 600008
  • 1, EVK Sampath Rd, Veperi, Mahaveer Colony, Egmore, Chennai, Tamil Nadu 600084
  • 112/4, Kaliamman Koil Street, Virugambakkam, Chinmaya Nagar, Chennai, Tamil Nadu 600092
  • New No. 99, New Avadi Rd, Telecom Quarters, Kilpauk, Chennai, Tamil Nadu 600010
SBI Branches in Coimbatore

SBI Personal Loan Branches in Coimbatore

  • Survey No. 109 / 5, Opposite To Rto Office, Udumalpet Road, Chinnampalayam, Pollachi 642003
  • 118 Karuppa Gounder Street , Coimbatotecoimbatore , Pin - 641001
  • East Car Street, Karamadai Po, Coimbatore District, Tamilnadu 641025
  • Sf 72 / 5, Site No. 2, S P Kannusamy Street, Kannappa Nagar, Rathnapuri Po, Coimbatore 641027
SBI Branches in Hyderabad

SBI Personal Loan Branches in Hyderabad

  • 3-4-495/1, Jyothi soudha Apartmens, Barkatpura, Hyderabad, Telangana 500027
  • Bank Street, Sultan Bazaar, Koti, Hyderabad, Telangana 500095
  • Haca Bhavan Opposite To Assembly, Saifabad, Hyderabad, Telangana 500059
  • Malakpet Station Rd, Ashraf Nagar, Malakpet, Hyderabad, Telangana 500024
  • Near BSNL Office, Opposite Telephone Exchange, Jambhag Road, Hyderabad, Telangana 500012
  • Shop No.3-6-281B,Hyderguda, Street Number 16, Old MLA Quarters, AP State Housing Board, Himayatnagar, Hyderabad, Telangana 500029
  • Opposite Seena Bakery, M.G. Road, Afzal Gunj Road, Osmangunj, Hyderabad, Telangana 500095
  • # 3-6-369/B/6, Near Tanishq Showroom Lane, Street Number 1, Gagan Mahal, Himayatnagar, Hyderabad, Telangana 500029
  • H.No.16-11-1-1/A Post Office Road,, Dilsukhnagar Road, Saleem Nagar, New Malakpet, Hyderabad, Telangana 500036
  • 6-3-347/22/2 Aishwarya Nilayam, Sai Baba Temple Road, Dwarakapuri Colony, Punjagutta, Near Saibaba Temple, Hyderabad, Telangana 500082
  • Gowra Plaza, Opp. NTR Statue, Sardar Patel Rd, Patigadda, Begumpet, Hyderabad, Telangana 500003
SBI Branches in Ahmedabad

SBI Personal Loan Branches in Ahmedabad

  • Drive In Rd, Gurukul, Ahmedabad, Gujarat 380059
  • 6, Arjun Nivas , Near V.S Hospital, Ashram Rd, Vishalpur, Ellisbridge, Ahmedabad, Gujarat 380009
  • Vraj Vihar 2, Khanpur, Ahmedabad, Gujarat 380001
  • Opposite Gandhigram Railway Station Ahmedabad Gandhigram, Ahmedabad, Gujarat
  • Shyam Gokul A/24 ,Opposite Municipal Market, Chimanlal Girdharlal Rd, Swastik Society, Navrangpura, Ahmedabad, Gujarat 380009
  • Ground floor, City Pride Building, Near Nalanda Hotel, Ahmedabad, Gujarat 380006
  • Sarkhej - Gandhinagar Hwy, Chanakyapuri, Ahmedabad, Gujarat 380061
  • F/P/41, Pruthvi Complex, Opposite Savitha Enclave, Near Judges Bunglow, Bodakdev, Ahmedabad, Gujarat 380015
SBI Branches in Jaipur

SBI Personal Loan Branches in Jaipur

  • Bichun Market, Krishan Pur Market, Jaipur, Rajasthan 302001
  • New Sanganer Rd, Shyam Nagar, Jaipur, Rajasthan 302019
  • Plot No-B21A, Shiva Residency, Bani Park, Jaipur, Rajasthan 302016
  • Sindhi Colony, Bani Park, Jaipur, Rajasthan 302006
  • Bhagwant Das Rd, Ashok Nagar, Jaipur, Rajasthan 302005
  • 5, Vaishali Nagar, Queens Rd, Moti Nagar, Jaipur, Rajasthan 302019
SBI Branches in Kolkata

SBI Personal Loan Branches in Kolkata

  • College St, Sealdah, College Square, Kolkata, West Bengal 700073
  • Region-3, Zonal Office, Kolkata, 2, BBD Bag E, Lal Dighi, Kolkata, West Bengal 700001
  • 1B.Mahendra Srimani Street, Raja Ram Mohan Sarani, Baithakkhana, Kolkata, West Bengal 700009
  • 9, Bombay Mutual Building, Brabourne Rd, Dalhosie, Kolkata, West Bengal 700001
  • Surya Sen Street, Sealdah, College Square, Kolkata, West Bengal 700012
  • No. 150, Chittaranjan Ave, College Street Market, Machuabazar, Kolkata, West Bengal 700007
SBI Branches in Navi Mumbai

SBI Personal Loan ranches in Navi Mumbai

  • Atmaram Janu Bhoir Marg, Sector 14, Vashi, Navi Mumbai, Maharashtra 400703
  • Uran Rd, New Panvel, Navi Mumbai, Maharashtra 410206
  • SAI-ANSH, Opposite Juinagar Railway Station, Sector 11, Sanpada, Navi Mumbai, Maharashtra
  • Sector 19C, Vashi, Navi Mumbai, Maharashtra 400703
  • Shop No.1,2,3,4, Plot No.110/111, Kopari Naka, Acharya Anand Rishi Marg, Sector 12, Vashi, Navi Mumbai, Maharashtra 400703
  • Plot 1-A, Sea Queen Plaza, Sector 4-A, Kopar Khairane, Navi Mumbai, Maharashtra 400706
  • Vashi Rd, Kopar Khairane, Navi Mumbai, Maharashtra 400709
  • Rabale Trans Thane Creek Ind Area, Thane Belapur Road, Diva Naka, Near Rabale Police Station, Navi Mumbai, Maharashtra 400708
SBI Branches in Thane

  • SBI Personal Loan Branches in Thane
  • SHOP NO.4 AND 5, MILESTONE CORPORATE PARK, DUTTAWADI, OLD MUMBAI, PUNE ROAD, KALWA, Thane, Maharashtra 400605
  • Vishnu Nagar, Thane West, Thane, Maharashtra 400602
  • Marigold - Satguru Gardens, Gajanan Koli Marg, Thane East, Thane, Maharashtra 400603
  • Akruti SMS, Opposite ST Workshop, Lal Bahadur Shastri Marg, Kopri, Thane West, Thane, Maharashtra 400602
  • Service Rd, Thane West, Thane, Maharashtra 400604
  • Swastik Garden, Subhash Nagar, Pokharan Road Number 2, Thane West, Thane, Maharashtra 400602
  • SG Barve Rd, Wagle Estate, Neheru Nagar, Wagle Industrial Estate, Thane West, Thane, Maharashtra 400604
SBI Branches in Nashik

SBI Personal Loan Branches in Nashik

  • 1 Suyojit arcade, Nashik - Pune Road, Bodhle Nagar, Maharashtra 422011
  • Plot No. 8 Sr No 129/A/130/A1, Jail Rd, Opp. Saint Philomina High School, Nashik, Maharashtra 422214
  • Khanzode Complex, Indira Nagar, Nashik, Maharashtra 422009
  • Shop No.4, Time Square, Dwarka, Nashik, Maharashtra 422003
  • Sambhaji Stadium Rd, Ashwin Nagar, Nashik, Maharashtra 422009
  • Treasury Branch, Old CBS, Near Bus Stop, Old Agra Rd, Nashik, Maharashtra 422002
  • SBI Home Loan Branches in Kochi / Cochin
  • Mons. Mathew Kothakathu Rd, Chullickal, Kochi, Kerala 682002
  • Willingdon Island, Kochi, Kerala 682003
  • Bazaar Rd, Mattancherry, Kochi, Kerala 682002
  • Dutch Cemetery Rd, Beach Road, Fort Kochi, Kochi, Kerala 682001
  • T D Rd, Shenoys, Kochi, Kerala 682011

Other Products from SBI (State bank of India)

State Bank Of India Head Office

State Bank of India,

State Bank Bhawna, 8th Floor,

Madame Cama Road,

Mumbai-400021

Telephone No. 22029456 or 22029451

Fax no. 22885369