Key Features
- Loan amount starting from ₹50,000
- No collateral or security required
- Flexible repayment tenure
- Online and offline application options
- Quick loan processing and disbursal
- Available for salaried and eligible pensioner applicants
If you need ₹50,000 for medical expenses, education, home renovation, travel, or any personal requirement, SBI Personal Loan can be a suitable option. The bank offers flexible repayment periods, competitive interest rates, and a simple application process.
Loan Summary
| 💰 Loan Amount | ₹50,000 – ₹40 Lakh |
| 📈 Interest Rate | Starting From 10.30% |
| 📅 Tenure | 12 – 72 Months |
| 📝 Processing Fee | Up to 2% |
| ⚡ Approval Time | Instant – 24 Hours |
Eligibility
To apply for an SBI Personal Loan, applicants generally need to meet the following criteria:
For Salaried Employees
- Indian citizen
- Minimum age: 21 years
- Stable source of income
- Good credit history
- Salary account holders may receive faster approval
For Pensioners
- Regular pension income
- Meeting SBI’s age and repayment criteria
- Required pension-related documents
Documents Required
Keep the following documents ready while applying:
Identity Proof
- Aadhaar Card
- PAN Card
- Passport
- Voter ID
Address Proof
- Aadhaar Card
- Utility Bill
- Passport
- Driving Licence
Income Proof
- Latest salary slips
- Bank statements
- Form 16 (if required)
Passport Size Photographs
How To Apply
Online Application Process
- Visit the SBI Personal Loan portal.
- Select the desired loan type.
- Fill in your personal and employment details.
- Upload the required documents.
- Submit the application form.
- Complete verification.
- Receive approval and loan disbursal if eligible.
Offline Application Process
- Visit your nearest SBI branch.
- Request a personal loan application form.
- Fill out the form carefully.
- Submit all required documents.
- Complete verification formalities.
- Wait for loan approval and disbursal.
Important Note
Interest rates, fees, eligibility criteria, and loan approval timelines may vary based on the applicant’s profile, credit score, income, and SBI’s latest policies. Always verify the latest details before applying.
