SBI Interest Rates for Personal Loan

SBI Interest Rates for Personal Loan

SBI Personal Loan is offered @ 10.55% p.a. onwards for loan amounts of up to Rs 20 lakh and tenure of up to 6 years. SBI also provides pension loans of up to Rs 14 lakh for a term of up to 7 years. It also provides pre-approved personal loans with instant loan disbursals.

Note: Rates as of 4th November 2022

SBI Personal Loan Interest Rates

SBI Personal Loan interest rates start from 10.30% p.a. The bank offers personal loan interest rates based on the type of SBI Personal Loan schemes, the employment profile of the applicant, the loan amount, and the lender’s existing salary account relationship with the applicants. While the bank has not disclosed the credit score at which it offers personal loans to its applicants, SBI also may consider the credit scores of its personal loan applicants, just like many lenders do, for setting their personal loan interest rates.

Xpress Credit

For Defense/Para-military/Indian Coast Guard Salaried Applicants


Interest Rates (p.a.)

Term Loan




Applicants of Central Govt./ State Govt./ Police / Railway/ Central Public Sector Enterprises (CPSEs) Considered Under ‘RATNA’ Status


Interest Rates (p.a.)

Term Loan




Applicants of Other Corporates


Interest Rates (p.a.)

Term Loan




Xpress Elite Scheme

Types of Applicants

Interest Rates (p.a.)

Salary Account Holders with SBI


Applicants having salary accounts with other banks


Xpress Lite Scheme

1% higher than the Xpress Credit scheme for all brackets

Documents Required to apply for SBI Loan


Passport size (2 copies)

Identity Proof

PAN card/Voter ID/Driving License/Passport

Address Proof

Landline bill/Electricity bill/Ration card/Voter ID/Passport

Income Proof

Latest salary slip/Form 16/last 6 months account statement audited/ITR return for last 2 yrs

Other (related documents)

Check-off letter from employer



Created & Posted by Pooja

Income Tax Expert at TAXAJ


TAXAJ is a consortium of CA, CS, Advocates & Professionals from specific fields to provide you a One Stop Solution for all your Business, Financial, Taxation & Legal Matters under One Roof. Some of them are: Launch Your Start-Up Company/BusinessTrademark & Brand RegistrationDigital MarketingE-Stamp Paper OnlineClosure of BusinessLegal ServicesPayroll Services, etc. For any further queries related to this or anything else visit TAXAJ


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