SBI Personal Loan Interest Rates 2025: Calculator, Schemes, Fees & Eligibility

State Bank of India (SBI) is India’s largest public sector bank, trusted by millions for its wide range of financial services, including personal loans. The SBI personal loan interest rate for 2025, including special benefits such as the SBI personal loan interest rate for salary account holders, makes it an affordable and flexible borrowing option.

Key Highlights

• Rate of Interest: 10.05% - 15.05% p.a.
• Loan Amount: ₹1 Lakh to ₹35 lakh (up to 24 times of Net Monthly Income)
• Tenure: 6 months to 7 years or remaining service period (whichever is lower)
• Processing fee: Up to 1.50% of the Loan Amount
• Prepayment charges: 2% of the prepaid amount

What is SBI Personal Loan Interest Rate?

The SBI personal loan interest rate is the rate at which the State Bank of India charges interest on personal loans offered to salaried, self-employed, and pensioner customers. It varies based on the loan scheme, applicant profile, and whether you hold an SBI salary account.

SBI Personal Loan Interest Rate 2025

The following are the different SBI personal loan schemes with interest rates:

Xpress Credit Scheme

The SBI Xpress Credit Personal Loan offers quick approval, minimal documentation, and instant disbursal. Interest is charged on a daily reducing balance, and a second loan can be availed with timely EMI payments. This scheme is available only for SBI salary account holders.

Here is the applicable SBI personal loan interest rate for Xpress Credit Scheme:

Pension Loan Schemes

Pension loan schemes enable retired individuals to opt for credit with minimum documentation and hassle-free repayment options. SBI charges simple interest on these loans, and people can file their loan applications from any nearby branch. 

The applicable interest rate for SBI pension loan schemes are as follows:

Xpress Elite Scheme

Salaried applicants with a monthly income of more than Rs.1 lakh can opt for an SBI Xpress Elite loan. Here are its interest rates:

Xpress Lite Scheme

Applicable SBI personal loan interest rate for salary accounts under the Xpress Lite scheme tends to vary based on applicant type. Check out the interest rates in the table below:

Xpress Flexi Scheme (Overdraft Facility)

The SBI Xpress Flexi Scheme is an overdraft personal loan for salaried individuals earning above ₹50,000 per month. It offers ₹1 lakh to ₹25 lakh credit with a tenure of 6 - 72 months (or remaining service period). Borrowers can redeposit surplus funds to lower their interest burden. 

Now, the applicable SBI personal loan interest rate for Xpress Flexi Scheme depends on the type of applicant's salary account:

SBI Quick Personal Loan Scheme Through the CLP Portal

The SBI Quick Personal Loan Scheme through the Contactless Lending Portal (CLP) is an ideal choice when you do not have a salary account with the bank. The minimum and maximum loan amounts in this regard are Rs.24,000 and Rs.20 lakh, respectively, and the repayment tenure ranges from 6 months to 72 months. The interest rates are as follows:

Pre-Approved Personal Loan to Non-CSP Customers

For non-Corporate Salary Package (CSP) customers, SBI offers instant pre-approved personal loans up to ₹8 lakh via the YONO app. You can check your eligibility by sending SMS PAPL <last 4 digits of SBI account number> to 567676. No branch visit is needed, and the loan can be availed with just a few clicks.

Its interest rate and other details are as follows:

Real-Time Xpress Credit

Defence and Government salary package customers can avail the Real-Time Xpress Credit (RTXC) loan and borrow up to Rs.35 lakh via the YONO app. It can be done in two modes:

• Digital Document Execution (DDE)

Facilitates real-time digital documentation, sanction and disbursement. Only applicable in the case of DDE-enabled states and union territories.  

• Non-DDE

Offers real-time documentation and sanction at SBI branches and single-click disbursements via the Retail Loan Management System (RLMS). 

The interest rates for Real-Time Xpress Credit are as follows:

SBI Personal Loan Interest Rate Today for Pension Schemes

Here is the applicable SBI personal loan interest rate 2025 (as of June 2025) for pension schemes:

Factors Affecting SBI Personal Loan Interest Rates

The applicable SBI personal loan interest rate can vary based on several factors. They are as follows:

• Principal Amount

Your loan principal amount will play a major role in determining the interest rate. Usually, the higher the loan amount, the higher the applicable interest rate and vice versa. 

• Loan Tenure

Generally, the longer the loan tenure, the higher the interest rate. Alternatively, personal loans with shorter repayment tenures come at lower interest rates.  

• CIBIL Score

Your CIBIL score is another essential metric that comes into play while determining the personal loan interest rate. The higher your CIBIL score, the more convenient interest rates you can avail while opting for credit. 

• Income, Assets and Repayment Capacity

The bank gains a financial picture of your life by assessing your income, assets and repayment capacity. Based on your cash inflows, it may provide you credit at a convenient rate.  

• Customer’s Relationship with Bank 

Existing SBI customers will get better interest rates when opting for loans. This is because the bank already has an idea of the customer’s creditworthiness, income and repayment capacity, enabling them to provide credit at lower rates. 

• Employer’s Profile

The employer’s profile also plays a major role in determining the applicable personal loan interest rate. Thus, salaried applicants get more convenient rates in comparison to self-employed individuals. 

However, employees of Central or State Government, public sector enterprises, Railway, Police, etc., get lower personal loan interest rates in comparison to individuals in other corporations.    

Eligibility for SBI Personal Loan Schemes

There are some basic eligibility criteria you must meet to avail of a personal loan at SBI. Additionally, they will differ based on the applicant type:

Salaried Applicants

Pensioners

When it comes to pensioners, here are the eligibility criteria depending upon the pensioner category:

1. Defence Pensioners

For defence pensioners to avail an SBI personal loan, the eligibility criteria are as follows: 

• Pensioners of the Armed Forces (Army, Navy and Air Force), Assam Rifles, Rashtriya Rifles, Coast Guards and Paramilitary Forces. 
• Pension payment orders are maintained with the State Bank of India. 
• The maximum age should be less than 76 years at the time of loan processing.
• There is no minimum age bar.  

2. Central and State Government Pensioners

Central and State government pensioners must fulfil the following criteria to get an SBI personal loan:

• Age of pensioners should be lower than 76 years. 
• SBI maintains their pension payment order. 
• Applicants must provide an irrevocable undertaking that they will not amend their mandate to the Treasury before the loan tenure is completed. 
• The Treasury will also have to consent in writing that it will not accept the pensioners’ request to transfer their pension payment to any other bank until an NOC is issued.
• Remaining terms and conditions of the scheme will also be applicable, including a guarantee by the spouse or a suitable third party.    

3. Family Pensioners

Family pensioners have to adhere to the following criteria to be eligible for a personal loan:

• Authorised family members of a pensioner who are liable to receive a pension after the latter's death fall under family pensioners. 
• Applicants should not be aged more than 76 years. 

Documents to Apply for Personal Loan from SBI

Here are the documents that you need to submit while availing a personal loan from SBI:

• Identity Proof – Aadhaar card, Voter ID card, passport, driver’s licence or PAN card. 
• Address Proof – Voter ID card, passport, electricity bills, telephone bills or property tax receipt. 
• Employer-issued identity card.
• Salary slips of the last 6 months.
• Duly filled application form.
• 2 passport-sized photographs.
• Irrevocable LOA that is addressed to the disbursing authority. 
• Irrevocable LOA from the individual disbursing salaries and allowances. 

SBI Personal Loan Processing Fees and Charges

Find the processing fees and charges for various SBI personal loan schemes:

SBI Personal Loan Interest Rate Calculator

If you wish to get an estimate of the amount of interest and the EMI payable for your personal loan, you can use the online SBI personal loan interest rate calculator. 

Here are the steps to use it:

Step 1: Navigate to the online SBI personal loan interest rate calculator. 

Step 2: Enter the principal amount and loan tenure. 

Step 3: Set the applicable SBI personal loan interest rate. 

The platform will generate your payable EMI amount and interest paid throughout the loan tenure. 

Tips to Avail SBI Personal Loan at Lower Interest Rates

Listed below are some tips which may help you avail a SBI personal loan at lower interest rates:

• Ensure that your credit score is 750 or higher. 
• Check for interest rate concessions during festive offers. 
• Opt for a lower principal amount or a shorter loan tenure.  

Note – Please remember that despite taking these measures, the final applicable SBI personal loan interest rate will depend upon the lender. 

In Summary, 

Based on the the current SBI personal loan interest rates, choose a scheme, tenure, and loan amount as per your needs. However, if you fail to pay the EMI on time, a 2% penal interest is chargeable over the applicable interest rate on the overdue amount for the default period. Thus, before taking a personal loan, it is always advisable that you calculate the EMI amount and assess whether you can pay it on time every month without straining your budget. 

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