State Bank of India is the largest lender in India — and for salaried borrowers with good CIBIL scores, it is frequently one of the cheapest options available. Here is everything you need to know about SBI personal loan rates in 2026.
SBI personal loan rates in 2026
SBI offers personal loans to salaried individuals under its Xpress Credit and pre-approved personal loan schemes. Rates start from 11.00% p.a. Pre-approved offers for existing SBI customers (salary account, credit card, home loan) can be as low as 10.90%-11.25% p.a.
SBI personal loan rates by CIBIL score
| CIBIL Score | SBI Rate (p.a.) | Processing Fee | Max Loan |
|---|---|---|---|
| 800-900 | 11.00% | Up to 1% (sometimes 0%) | ₹20 lakh |
| 750-799 | 11.25%-11.75% | Up to 1% | ₹20 lakh |
| 700-749 | 11.75%-13.00% | Up to 1% | ₹15 lakh |
| 650-699 | 13.00%-15.50% | Up to 1% | ₹10 lakh |
| 600-649 | 15.50%-17.00% | Up to 1% | ₹7 lakh |
| Below 600 | Not eligible | — | — |
Pre-approved offers may have better rates. Check YONO app first.
If you have an SBI savings account, salary account, or any existing SBI product — log into SBI YONO app or net banking and check if you have a pre-approved personal loan offer. These offers typically have lower rates (10.90%-11.25%) and instant disbursement. No documents needed.
Eligibility for salaried individuals
| Criteria | Requirement |
|---|---|
| Minimum age | 21 years |
| Maximum age | 58 years (at loan maturity) |
| Minimum income | ₹25,000/month (net) |
| Employment | Salaried, min 1 year in current organisation |
| Employer category | Government, PSU, reputed private companies |
| CIBIL score | 650 minimum (700+ preferred) |
| Existing EMIs | Max 50% of net monthly income |
Employer matters: SBI gives better rates to borrowers from large, stable employers. Government, PSU, and large listed company employees get the best rates.
Processing fees and charges
| Charge | Amount |
|---|---|
| Processing fee | Up to 1% of loan amount + 18% GST |
| Minimum processing fee | ₹1,000 + GST |
| Pre-approved offer fee | Zero (or discounted) |
| Part payment charges | Nil |
| Foreclosure charges | Nil (after 12 EMIs paid) |
SBI has removed foreclosure charges on personal loans after 12 EMIs — better than most private banks that charge 2-4% prepayment penalty.
Pre-approved SBI personal loans
Pre-approved loans are extended to existing SBI customers based on their account history. Who gets them: SBI salary account holders with 6+ months of salary credits, existing SBI loan customers with 12+ months clean repayment, SBI credit card holders with good history.
How to check: Open SBI YONO app, look for "Pre-approved Personal Loan" section, check eligible amount and rate, accept and get funds in 24-48 hours.
Documents required
| Document | Purpose |
|---|---|
| Aadhaar card | Identity + address proof |
| PAN card | Identity proof |
| Salary slips (last 3 months) | Income proof |
| Bank statement (last 6 months) | Income + account conduct |
| Form 16 / Appointment letter | Employment proof |
For pre-approved offers, most documents are not required — SBI already has your history.
How to apply for SBI personal loan
Step 1: Check your eligibility and eligible rate via EMI Saathi calculator or SBI YONO.
Step 2: Check pre-approved offer first in YONO. If it exists with better rate, take it.
Step 3: Compare with other banks. HDFC, ICICI, and Axis sometimes match or beat SBI rates.
Step 4: Apply through net banking (if you have an account) or visit SBI branch. Processing: 3-7 working days.
SBI personal loan EMI examples
| Loan Amount | Rate | Tenure | Monthly EMI | Total Interest |
|---|---|---|---|---|
| ₹3 lakh | 11.25% | 3 years | ₹9,830 | ₹53,900 |
| ₹5 lakh | 11.25% | 4 years | ₹13,100 | ₹1,28,800 |
| ₹10 lakh | 11.50% | 4 years | ₹26,360 | ₹2,65,280 |
| ₹10 lakh | 13.00% | 4 years | ₹27,260 | ₹3,08,480 |
| ₹15 lakh | 11.75% | 5 years | ₹33,200 | ₹4,92,000 |
SBI vs other banks
| Bank | Starting Rate (p.a.) | Max Loan | Pre-approved | Foreclosure |
|---|---|---|---|---|
| SBI | 10.90% | ₹20 lakh | Yes (YONO) | Free after 12 EMIs |
| HDFC Bank | 10.50% | ₹40 lakh | Yes | Nil after 12 months |
| ICICI Bank | 10.85% | ₹30 lakh | Yes | Nil after 12 months |
| Axis Bank | 10.50% | ₹25 lakh | Yes | 2% prepayment charge |
Frequently asked questions
What is the current SBI personal loan interest rate for salaried employees?
Starts from 11.00% p.a. for CIBIL 750+. Pre-approved offers for existing SBI customers can be as low as 10.90% p.a. Standard rates go up to 17% for lower CIBIL scores.
Can I get SBI personal loan with CIBIL score 650?
Yes, but at a higher rate (15.50%-17.00%) and a lower maximum loan amount (₹7 lakh). Consider whether improving your score by 50 points first would be worth it.
How long does SBI personal loan take to disburse?
Pre-approved offers: same day to 24 hours. Standard applications: 3-7 working days.
Can I prepay or foreclose my SBI personal loan?
Yes, with no charges after you have paid at least 12 EMIs. Before 12 EMIs, foreclosure is not permitted. One of the best foreclosure policies in the market.