SBI Personal Loan

SBI Personal Loan
 3.0 / 5.0   by 8 users
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Fees & Charges

Promised Interest Rate

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Responsiveness

State Bank of India (SBI) is a government-owned bank with its headquarters in Mumbai, Maharashtra. State Bank of India (SBI) offers some of the most exciting Personal Loan products in India. SBI offers 4 exciting types of Personal Loans:Xpress Credit Personal Loan, SBI Saral Loan, SBI Festival Loans, Personal Loans to pensioners. Read on to view full details on what it takes to qualify for an SBI personal loan. By providing a few details about yourself, you can check your eligibility for an State Bank personal loan in seconds.


You’re probably eligible for an SBI Personal Loan if you are

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SBI Personal Loan Minimum Age

At least 21 years old

SBI Personal Loan Maximum Age

Less than 58 years old

SBI Personal Loan Eligible Employment Type

Salaried / Self – Employed
with regular income

SBI Personal Loan Minimum Income

Earn more than the minimum
income required


Your SBI Personal Loan amount eligibility is based on these factors

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SBI Personal Loan Minimum Salary

Minimum income required
Rs.24,000 per month

SBI Personal Loan Maximum Loan Funded

Maximum allowed personal loan is Rs. 10,00,000 lakhs

SBI Personal Loan EMI

EMIs of other loans lower
your eligibility


Increase your eligible SBI Personal Loan amount by these steps

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SBI Personal Loan Payoff Outstanding Credit Card Bills

Pay off your credit card bills

“SBI

Choose longer tenure loan up to 5 years


Documentation needed to apply for an SBI Personal Loan

  • 1. Signed application form with photograph
  • 2.Proof of identity: Passport/voter ID card/driving license
  • 3. Processing fee cheque
  • 4. Last 3 months bank statement/6 months bank passbook
  • 5. Documentation for salaried applicants:
    • Latest salary slip
    • Current dated salary certificate with the latest Form 16
  • 6. Documentation for self-employed applicants:

    • Latest Bank statement
    • Latest ITR or Form 16

SBI Personal Loan Interest RatesUpdated on 01 Aug 2014

SBI Personal Loan Details
Interest Rate (Monthly reducing balance) 14.20%
Processing Fees 2.00% - 3.00% of the loan amount
Loan Tenure 1 year to 5 years
Pre-closure Charges -
Guarantor Requirement No guarantor required

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SBI Personal Loan Reviews

100 % of our customers would recommend this bank. (8 out of 8) Write Review
Customer Reviews
Page 1 of 1 1
  • (3)

    i like sbi , because of them service and rates. their plan and rates are very very good and also their's service is best , i know some time they go to wrong way but overall i want to give sbi 4 star out of 5 , i also like sbi because of their prodectivite .

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    Fees & Charges
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    took a Personal Loan from STATE BANK OF INDIA Reviewed on
  • Validated User

    SBI PL Overall satisfied with service best thing is i got loan approval just in 3 days response and customer service was very good interest rate was also good only suggestion is documentation should be less as they require lots of documents being there salaried account holder overall its good service.

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    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Personal Loan from STATE BANK OF INDIA on BankBazaar.com Reviewed on
  • Validated User

    I am satisfied with SBI for my personal loan. Their services are good and polite. They verification process is ok just that their documentation is little long but after i applied within ten to fifteen days they processed my loan. I have already recommend this bank to my friends also.

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    Promised Interest Rate
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    took a Personal Loan from STATE BANK OF INDIA on BankBazaar.com Reviewed on
  • Poor Service
    /images/customer_review/default-unknown-person.png
    DHANANJAY PATIL , surat
    Recommend Recommended by user
    Validated User
    (1)

    Services of SBI are pathetic. They don't respond well and placing a request and getting it processed is very complicated.They take a very long to process things and I have stopped using SBI account as they don't provide good service.One good thing with SBI is they have lot of ATM outlets and being a nationalized bank the trust level is also high

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    Promised Interest Rate
    Fees & Charges
    Customer Service
    Responsiveness
    took a Personal Loan from STATE BANK OF INDIA on BankBazaar.com Reviewed on
  • Validated User
    (2)

    I like State Bank of India for their atm facility and Rate of interest.Their documentation process was fine, but i have a suggestion to SBI towards their customer service i feel when compared with other private banks SBI has to work on their customer service and response otherwise overall am happy with SBI.

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    Fees & Charges
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    Responsiveness
    took a Personal Loan from STATE BANK OF INDIA on BankBazaar.com Reviewed on
  • 'Good Service'
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    SHAKTHI PANDURANGA, bangalore
    Recommend Recommended by user
    Validated User
    (2)

    State Bank of India credit card charges are quite good,i have chosen SBI because of their good credit limit ,benefits,and their payment options are really fine. With minimum number of documents i got my card disbursement soon and am happy that SBI has offered me credit card based on my good credential with other bank.

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    Promised Interest Rate
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    Responsiveness
    took a Personal Loan from STATE BANK OF INDIA on BankBazaar.com Reviewed on
  • Validated User
    (7)

    State Bank of India is very old nationalized bank, i have chosen sbi for their reasonable rate of interest and charges.SBI has many branches but still i suggest them to work on their customer service.Their is a difference between ('Mass and Class') i would say SBI as "Mass"and ICICI as "Class"otherwise sbi was good to deal with.

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    Fees & Charges
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    took a Personal Loan from STATE BANK OF INDIA on BankBazaar.com Reviewed on
  • i wand loan my wedding in 1 may I would say the best way to apply for loan. I was really impressed with the service provided. Loan disbursal was quicker than my expectation. I got the referal bonus within 15 days. I got answers to all my queries in time. You guys kept me updated at every stage of my loan processing. Thanks to the person who processed my referal bonus (i guess its vijay) and for prompt reaponses to my queries. . I would refer bank bazaar for my friends and relatives who are in need of loans. Keep up the good work. Thank a lot.

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    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Personal Loan from STATE BANK OF INDIA Reviewed on
Customer Reviews
Page 1 of 1 1
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