BankGovt Employee Favourite
State Bank of India Personal Loan 2026
Interest rate, eligibility, documents & fees
- Interest Rate
- 11.05%–15.05%
- Loan Amount
- Up to ₹20 lakh
- Tenure
- 6–72 mo
State Bank of India Personal Loan — Key Details
Last reviewed August 2026
- Interest rate
- 11.05% – 15.05% p.a.
- Loan amount
- ₹25,000 – ₹20 lakh
- Tenure
- 6 – 72 months
- Processing fee
- 1% + GST (min ₹1,000)
- Minimum CIBIL score
- 650+
- Minimum monthly income
- ₹15,000
- Age
- 21 – 58 years
- Employment type
- Salaried, Self-Employed, Government Employees, Pensioners
State Bank of India Personal Loan EMI
Monthly EMI at the starting rate of 11.05% p.a. Your rate may be higher.
| Loan amount | 12 months | 24 months | 36 months | 60 months |
|---|---|---|---|---|
| ₹1,00,000 | ₹8,840 | ₹4,663 | ₹3,276 | ₹2,177 |
| ₹3,00,000 | ₹26,521 | ₹13,989 | ₹9,829 | ₹6,530 |
| ₹5,00,000 | ₹44,202 | ₹23,316 | ₹16,381 | ₹10,884 |
| ₹10,00,000 | ₹88,405 | ₹46,631 | ₹32,762 | ₹21,767 |
State Bank of India Personal Loan Eligibility
- Age: 21–58 years (Govt employees up to 65)
- Minimum monthly income: ₹15,000
- CIBIL score ≥ 650
- Minimum 2 years of continuous service
- Confirmed employment — govt, PSU, or reputed private sector
Documents Required for State Bank of India Personal Loan
Salaried
- PAN Card
- Aadhaar Card
- Last 3 months salary slips
- Last 6 months bank statements
- Form 16 (latest)
- Employment proof / offer letter
Self-Employed
- PAN Card
- Aadhaar Card / Passport
- Last 2 years ITR with computation
- Last 6 months bank statements (current/savings)
- Business registration certificate
- GST returns (if applicable)
Pros & Cons
Advantages
- Low interest rate ceiling (up to 15.05%)
- Longest tenure — up to 72 months
- Low processing fee at just 1% + GST
- Special Xpress Credit scheme for govt/PSU employees
- India's largest public sector bank with a nationwide branch network
Watch out for
- Slower processing than private banks (5–7 working days)
- Requires physical branch visit in most cases
- Heavy documentation requirements
- Digital experience lags private banks
How to Apply for a State Bank of India Personal Loan
State Bank of India's own application process
- 1Log in to SBI YONO app or visit official SBI website
- 2Navigate to Loans → Personal Loan → Apply Now
- 3Fill in income, employment and personal details
- 4Submit KYC documents online or at your nearest SBI branch
- 5Await credit appraisal — typically 3–7 working days
- 6Loan sanctioned and disbursed within 2–5 days of approval
Not sure State Bank of India is right for you? Compare offers from RateCut's lending partners first.
Compare OffersState Bank of India Personal Loan — FAQs
What is the State Bank of India personal loan interest rate?
State Bank of India personal loan interest rates range from 11.05% to 15.05% p.a. (last reviewed August 2026). The rate you get depends on your credit score, income, employer and loan amount.
What is the minimum salary for a State Bank of India personal loan?
State Bank of India requires a minimum monthly income of about ₹15,000. It lends to: Salaried, Self-Employed, Government Employees, Pensioners.
What is the processing fee for a State Bank of India personal loan?
State Bank of India charges a processing fee of 1% + GST (min ₹1,000), plus 18% GST. It is usually deducted from the loan amount at disbursal.
What CIBIL score is needed for a State Bank of India personal loan?
State Bank of India generally looks for a CIBIL score of 650 or more. A score of 750+ improves your chances of getting a lower rate.
How long does State Bank of India take to disburse a personal loan?
As per State Bank of India's stated process: Loan sanctioned and disbursed within 2–5 days of approval. Existing customers with pre-approved offers are usually faster.
Is State Bank of India regulated by the RBI?
Yes. State Bank of India is a public sector bank regulated by the Reserve Bank of India.
Compare State Bank of India with other lenders
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Figures last reviewed August 2026 and shown for information only. Interest rates, fees and eligibility are set by each lender and depend on your credit profile — confirm the final terms in the lender's Key Fact Statement before you sign. RateCut is a loan marketplace, not a lender.