Verified Lending Partner · Fast-Track Online Approval

State Bank of India Personal Loan

Lowest Interest Rates & Instant Disbursal up to ₹40 Lakhs

Starting ROI

10.49% p.a.

Max Tenure

72 Months

Loan Amount

Up to ₹40 Lakh

Processing Fee

1% - 2.5%

100% Digital Process Zero Prepayment after 12 EMIs* Quick Disbursal

Check Loan Eligibility

Instant

Get custom quotes without impacting your CIBIL score.

Key Features of State Bank of India Personal Loan

Designed to support planned milestones and unforeseen emergencies with complete ease.

Competitive ROI

Interest rates starting from 10.49% per annum calculated on a monthly reducing balance method.

Tenure up to 6 Years

Select comfortable repayment tenures between 12 and 72 months to keep your monthly EMI affordable.

Minimal Paperwork

Upload digitized KYC and income proofs via Net Banking or Aadhaar OTP for same-day sanction.

Foreclosure Facility

Close your loan early or make part-payments after 12 months with nominal prepayment charges.

State Bank of India Personal Loan EMI Calculator

Plan your monthly outflows before applying to choose an optimal repayment tenure.

Loan Amount₹5,00,000

₹50,000₹40,00,000

Interest Rate (% p.a.)10.49%

10.49%24.0%

Tenure (Years)3 Years (36 Months)

1 Year6 Years

Monthly EMI

₹16,249

Principal Amount:₹5,00,000

Total Interest Payable:₹84,964

Total Amount Payable:₹5,84,964

Instant eligibility & disbursal for pre-approved customers of State Bank of India.

State Bank of India Eligibility Criteria Matrix

Detailed criteria for salaried employees and self-employed professionals.

Parameters	Salaried Individuals	Self-Employed / Professionals
Age Range	21 to 58 years	25 to 65 years
Minimum Net Income	₹20,000 to ₹25,000 / month	₹3,00,000 annual net profit (ITR)
Credit Score (CIBIL)	700 or above preferred	720 or above preferred
Work Experience	Min. 1 year total, 6 months in current org	Min. 2-3 years in current business line
Eligible Employers	MNCs, Public/Private Ltd, Govt entities	Proprietorships, Partnerships, Pvt Ltd, CA/Docs

Required Documents Checklist

Have these documents handy to speed up your loan approval process.

Category 1

Identity Proof

PAN Card (Mandatory)
Aadhaar Card
Passport / Voter ID / DL

Category 2

Address Proof

Aadhaar Card (with current address)
Electricity / Water Bill (last 3 months)
Valid Rent Agreement

Category 3

Income Proof

Last 3 months Salary Slips
Form 16 / Recent 2 years ITR
Business continuity proof (if SE)

Category 4

Financial Proof

Last 6 months Bank Account Statement
Salary credit account proof
Passport-size photographs

Frequently Asked Questions on State Bank of India Personal Loans

Clear answers to common questions about eligibility, interest rates, and loan disbursal.

State Bank of India offers personal loans with interest rates starting from 10.49% p.a., varying based on your CIBIL score, monthly net income, employer category, and existing liabilities.