SBI Personal Loans offer attractive interest rates starting at 11.05% per annum with flexible repayment periods up to 7 years. Loan amounts range from Rs.25,000 to Rs.20 lakh, contingent on eligibility. The processing fee can be up to 1.5% of the principal.

Particulars	Salaried/Self Employed	Pensioners
Interest Rate	11.05% p.a. - 14.05% p.a.	11.20% p.a. - 11.70% p.a.
Loan Amount	Min: Rs.25,000 Max: Rs.20 lakh	At bank's discretion
Loan Tenure	Up to 72 months	Up to 84 months
Processing Fee	1.5% of loan amount + tax	At bank's discretion
Age	21 - 58 Years	Up to 78 years
Salary/Income	Rs.15,000 onwards	At bank's discretion
Credit Score	750 and above	At bank's discretion
Prepayment Charges	3% on prepaid amount	3% on prepaid amount

SBI caters to various customer categories including the self-employed, salaried employees, and professionals by offering personal loans with minimal paperwork and no need for collateral or guarantor.

SBI Personal Loan Schemes

Personal Loan Schemes	Interest Rates (p.a.)
SBI XPRESS CREDIT	Contact the Bank
Defence/Para-Military/Indian Coast Guard Salary Package	11.05% - 12.55%
Central Govt./State Govt./Police/Railway/CPSEs	11.05% - 13.55%
Other Applicants	12.05% - 14.05%
SBI XPRESS Elite Scheme	11.05% - 11.80%
XPRESS FLEXI SCHEME	11.30% - 12.80%
SBI Salary Package Account Holder	11.05% - 11.55%
Salary Account with another bank	11.30% - 11.80%
XPRESS LITE SCHEME	12.05% - 15.05%
SBI QUICK PERSONAL LOAN SCHEME THROUGH CLP PORTAL	7.2% - 27%
OTHER UNSECURED PERSONAL LOANS - Pension Loan	11.20%-11.70%
Xpress Credit Insta Top-Up	12.15%
Pre-Approved Personal Loan to NON-CSP Customers	13.55% - 14.05%

SBI Xpress Credit Loan

This option is tailored for salaried employees to facilitate needs like education and medical treatments. Features include:

• Income: Minimum Rs.15,000; EMI/NMI up to 50%
• Repayment Tenure: 6 years
• Loan Amount: Term Loan: Min: Rs.25,000; Max: 24 times NMI up to Rs.20 lakh; Overdraft Loan: Min: Rs.5 lakh; Max: 24 times NMI up to Rs.20 lakh
• Processing Fee: 1.5%
• Penal Interest: 2% p.a. on delays

SBI Pension Loan

Dedicated to retired personnel for funding needs like home repairs:

• Beneficiaries: Pensioners and family of Central, State, and Defence sectors
• Loan Amount: Central/State: Min Rs.25,000; Max up to 18 months' pension; Defence: Min Rs.25,000; Max up to 36 months' pension; Family: Min Rs.25,000, Max up to 18 months' pension
• Repayment: Varies from 24 to 84 months

SBI Xpress Flexi

This plan offers an overdraft facility to salaried individuals earning Rs.50,000 and above.

• Overdraft limit up to Rs.25 lakh
• No maintenance or prepayment fees
• Secure and no guarantee needed
• Eligibility: Diamond/Platinum Salary Package with SBI, Rs.50,000 minimum salary

Factors Influencing SBI Loan Rates

1. Loan Amount: Rate changes with amount
2. Tenure: Longer terms might impact rates
3. Repayment Ability: Better cash flow could secure lower rates
4. Income Levels: Higher income can favor lower rates
5. Assets and Bank Relationship: Owning assets or having a history with SBI can benefit
6. Credit Score: A better score boosts rate odds

Calculating EMI

Use an online EMI calculator to compute monthly payments based on your loan and term particulars.

Example EMI Calculation

Salary Rs.25,000/Month

• Loan: Rs.3 lakh, 1-year tenure, 11.05% interest
• EMI: Rs.26,521

• Detailed repayment schedule available

Salary Rs.50,000/Month

• Loan: Rs.3 lakh, 1-year tenure, 11.80% interest
• EMI: Rs.26,627

• Detailed repayment schedule available

SBI Loan Rate Highlights

• Interest rates are influenced by the Reserve Bank of India’s repo rate
• Floating rate system: rates fluctuate
• No collateral, although financial assets are beneficial
• Higher credit scores may lead to favorable rates

These factors assist individuals in strategically choosing their SBI personal loan options.