SBI Personal Loan Interest Rate 2022: The State Bank of India offers various types of loans including personal loans. State Bank of India offers personal loans at interest rates starting from 9.60% Per Annum with a tenure of up to 7 years. The loan can range between Rs 25,000 to Rs 20 lakh depending on your eligibility. The processing fee is up to 1.5% of the loan amount.
SBI personal loan interest rates are low for existing bank customers and those working with reputed corporations with stable employment history. State Bank of India runs some special schemes at low rates for defense, government employees and armed forces. SBI Personal Loan Interest Rate is different for government employees and defense personnel from the private salaried employees.
| Interest Rate | 10.10%-14.60% p.a. |
| Loan Amount | Up to Rs 20 lakh |
| Tenure | Up to 6 years |
| Minimum Monthly Salary |
Rs 15,000 |
| Processing Fee | Up to 1.50% (Maximum Rs 15,000) |
READ ALSO:- SBI Personal Loan Calculator 2022
SBI Personal Loan Schemes
- Xpress Credit
- Xpress Elite Scheme
- Xpress Lite Scheme
- SBI Quick Personal Loan Scheme Through CLP Portal
- Xpress Credit Insta Top-Up Loans
- Pension Loan Schemes
- Pre-Approved Personal Loans To Non-CSP Customers through YONO
SBI Personal Loan Interest Rate
i. Xpress Credit:-
For Defense/Para-military/Indian Coast Guard Salaried Applicants –
| Types | Interest Rates (P.A.) |
| Term Loan | 10.10%-11.60% |
| Overdraft | 10.60%-12.10% |
For Central Govt./ State Govt./ Police / Railway/ Central Public Sector Enterprises (CPSEs) Considered Under ‘RATNA’ Status –
| Types | Interest Rates (P.A.) |
| Term Loan | 10.10%-12.60% |
| Overdraft | 10.60%-13.10% |
For Other Corporates –
| Types | Interest Rates (P.A.) |
| Term Loan | 11.10%-13.10% |
| Overdraft | 11.60%-13.60% |
ii. Xpress Elite Scheme:-
| Types of Applicants | Interest Rates (P.A.) |
| Salary Account Holders with SBI | 10.10%-11.60% |
| Salary Account with another Bank | 10.35%-11.85% |
iii. Xpress Lite Scheme:-
- 1% higher than Xpress Credit scheme for all brackets
iv. SBI Quick Personal Loan Scheme Through CLP Portal:-
- 0.25% higher than Xpress Credit Scheme for all Brackets
v. Pension Loan Schemes:-
| Schemes | Interest Rates (P.A.) |
| SBI Pension Loan | 10.25% |
| Jai Jawan Pension Loan | 10.25% |
| Pension Loan Scheme For Treasury & PSU Pensioners | 10.25%-10.75% |
| Pre-Approved Pension Loans(PAPNL) | 10.25% |
| Pre-approved Insta Pension Top-Up | 10.25% |
vi. Other Scheme:-
| Products | Rate of Interest (P.A.) |
| Xpress Credit Insta Top-up Loans | 11.20% |
| Pre-Approved Personal Loans (PAPL) To Non-CSP Customers through YONO | 13.10% |