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    • SBI Personal Loan

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    • SBI personal loans are offered at attractive interest rates to a varied customer base. The one-time loan processing fee is nominal and the repayment tenure can go up to 5 years.

    • Maximum loan amount is Rs.15 lakh 
    • Interest rates start at 10.50% p.a.
    • Quick approval
    • Processing fee is 1% of the loan amount
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    Why Should You Choose SBI Personal Loan?

    • Quick disbursal of the loan amount, i.e., within 2-7 days.
    • Minimal preclosure charges for most personal loan products.
    • No administrative charges or any other kind of hidden costs.
    • Minimal documentation for application.
    • Most affordable interest rates in the market.
    • Convenient modes of repayment such as check-off facility, post-dated cheques, or cash.

    Looking for these details?

    State Bank of India is a leading public sector lender that offers three types of personal loans –

    Comparison of SBI Personal Loan Schemes

    Listed below are the various personal loans offered by the SBI along with the particulars of each type of loan.

    i) Xpress Credit Personal Loan

    This personal loan scheme is designed for salaried customers having a salary account with SBI with a minimum income of Rs.15,000.

    Particulars Effective Interest Rate Loan amount
    Term Loan 11.50% p.a. onwards Rs.25,000 onwards
    Overdraft Facility 12.00% p.a. onwards Rs.5 lakh onwards

    Key Benefits

    • Loans can be repaid over a duration of 5 years
    • A second loan can be taken by borrowers

    ii) Xpress Power Loan

    You can avail this personal loan scheme even if you don’t have a salary account with SBI. However, you need to have a minimum monthly income of Rs.50,000 to sign up for this scheme.

    Particulars Effective Interest Rate Loan amount
    Term Loan 11.60% p.a. onwards Rs.25,000 onwards
    Overdraft Facility 12.10% p.a. onwards Rs.5 lakh onwards

    Key Benefits

    • Nominal processing fee
    • Borrowers need not have a salary account with SBI

    iii) SBI Pension Loan

    This scheme is specifically designed for pensioners below 76 years of age. However, to get this loan, you need to make sure that the pension payment order is maintained by SBI.

    Effective Interest Rate Loan amount
    11.45% p.a. Rs.25,000 onwards

    Key Benefits

    • Defence pensioners do not have to pay a processing fee

    Fees and Charges

    The various types of fees and charges that are levied by State Bank of India for personal loans are as follows:

    Loan Scheme Processing Fee Prepayment charge Penal Interest
    Xpress Credit 1% of the loan amount 3% on the prepaid amount 2% p.a.
    Xpress Power - 2% p.a.
    SBI Pension 0.5% of the loan amount 3% on the prepaid amount 2% p.a.
    *3% will be levied on the prepaid amount if the borrower makes a part or full pre-payment and closes the loan account before the completion of the loan term

    SBI Pre-approved loan schemes 

    Pre-approved Personal Loans to the Salaried & Pensioners on Yono 

    If you are a pre-selected customer who hold a salary package or a pension account with SBI can apply for a personal loan at your own convenience 24x7 using the YONO app.  

    Some of the features of this personal loan scheme are: 

    • Customers are pre-selected 
    • Low processing fee 
    • No hidden cost 
    • 24x7 convenience 
    • The loan is processed instantly 
    • No physical documentation required 

    Pre-approved Personal Loans to Non-salaried (PAPL) On Yono 

    If you are customer of SBI who holds an account with regular deposits and average monthly balance beyond a certain threshold and do not hold a salary account are eligible to apply for a personal loan of up to amount of Rs.2 lakh. The customers are pre-selected and can avail the loan at their own convenience on a 24x7 basis using the YONO app. 

    Some of the features of this personal loan scheme are: 

    • Customers are pre-selected 
    • Low processing fees 
    • 24x7 convenience 
    • The loan is processed instantly 
    • No need of physical documents 

    SBI Personal Loan Eligibility

    The eligibility criteria that prospective borrowers will have to meet to avail a personal loan from State Bank of India are as follows:

    Eligibility for Xpress Credit Personal Loan

    • The loan applicant’s minimum net monthly income (NMI) should be Rs.5,000.
    • The EMI/NMI Ratio should not be above 50%.
    • The applicant should be an employee at any of the following organizations:
      1. Central and state governments
      2. Central and state PSUs
      3. Educational institutions with a national reputation
      4. Quasi-government
    • Certain corporates that have an exclusive business relationship with SBI
    • Companies that do not have any business relationship with SBI OR any Emigration Check Required (ECR), subject to specific terms and conditions.

    Eligibility for SBI Pension Loan

    • You will need to be a central or state government pensioner, defence pensioner or a family pensioner to apply for this loan scheme offered by SBI. A family pensioner is the spouse of a pensioner who is allowed to obtain pension when the pensioner dies.
    • The pensioner, as well as, the family pensioner’s age should not be above 76 years.
    • For pensioners whose pension is disbursed by government treasuries, the concerned pensioner will need to give a mandate to the treasury to make the pension payment to the particular bank branch. This certain undertaking cannot be rescinded at any point in time. The treasury will also write a note that it will not agree to take any request from any pensioner to make changes to the pension payment to any other branch or bank.
    • A defence pensioner can be any pensioner of the armed forces. The armed forces include Paramilitary Forces, Army, Rashtriya Rifles, Air Force, Navy, Coast Guards, and Assam Rifles. The pension payment order will need to be with SBI.
    • The EMI (Equated Monthly Instalments) or NMP (Net Monthly Pension) should not be above 50% for every pensioner. For family pensioners, the EMI or NMP should not be above 33%.

    Eligibility for SBI Xpress Power

    • The prospective borrower will need to earn a minimum monthly income of Rs.50,000

    Applicants who are employed with the following entities are eligible to apply for this loan:

    • Central or state governments
    • Defence establishments
    • PSUs
    • Quasi-government bodies
    • Educational institutions that have a national reputation
    • Select corporates

    Documents Required to apply

    Photograph Passport size (2 copies)
    Identity Proof PAN card/Voter ID/Driving License/Passport
    Address Proof Landline bill/Electricity bill/Ration card/Voter ID/Passport
    Income Proof Latest salary slip/Form 16/last 6 months account statement audited/ITR return for last 2 yrs
    Other(related documents) Check-off letter from employer

    How the EMI calculation works for SBI personal loans? 

    Consider a scenario where a person earning Rs.40,000 per month takes a personal loan of Rs.1 lakh under the SBI Xpress Credit personal loan scheme. The bank charges an interest rate of 12.05% p.a. and a processing fee of 1% on the loan amount. For a loan repayment tenure of 6 months, he must pay an EMI amount of Rs.17,257 every month. His loan repayment schedule is given as follows: 

    Month Principal Interest amount Total EMI payment Balance Percentage of loan paid to date
    Apr  Rs.16,253  Rs.1,004  Rs.17,257  Rs.83,747  16.25% 
    May  Rs.16,416  Rs.841  Rs.17,257  Rs.67,331  32.67% 
    Jun  Rs.16,581  Rs.676  Rs.17,257  Rs.50,749  49.25% 
    Jul  Rs.16,748  Rs.510  Rs.17,257  Rs.34,002  66.00% 
    Aug  Rs.16,916  Rs.341  Rs.17,257  Rs.17,086  82.91% 
    Sep  Rs.17,086  Rs.172  Rs.17,257  Rs.0  100.00% 
     

    How SBI compares with other lenders? 

    Fees and charges  SBI Personal Loan  Bank of Baroda Personal Loan  Bank of India Personal Loan  Citibank Personal Loan 
    Interest rate  10.50% p.a. onwards  11.35% p.a. onwards  12.90% p.a. onwards  10.99% p.a. onwards 
    Processing fee  1% + GST  2% + GST  2% + GST  0.25% to 3.00% + GST 
    Foreclosure charges  3% of the outstanding loan amount  N/A  N/A  Nil 
    Late payment fee  2% of the overdue amount  2% of the overdue amount  Contact the bank for details  Contact the bank for details 

    Given that State Bank of India offers three personal loans as part of its suite of offerings, prospective borrowers can evaluate their needs and opt for a suitable type of loan.

    SBI loan schemes for NRI

    • NRI's can go for this loan scheme from SBI to meet any of their needs such as buying a house or meeting immediate financial needs. The bank will not be repatriating your loan amount abroad.
    • This SBI loan will be handed over solely to the depositor.
    • You can procure this loan in foreign currency or Indian Rupee by pledging a security of your NRE or FCNR or NRO deposit.
    • You can choose a demand loan, an overdraft, or a foreign currency loan.
    • The loan period for this loan is up to the outstanding maturity period.
    • The margin for this loan scheme is 10% which includes accrued interest as well principal.

    SBI online overdraft (OD) against your NRI deposit

    For SBI online OD, you will not have to come down to India to complete the application process in India. You can utilise the bank’s internet banking platform to apply for the loan facility.

    Eligibility criteria Any customer with an NRE or NRO fixed deposit
    Minimum residual period 6 months
    Permissible limit
    • TDR or eTDR: 75% of the face value of the deposit
    • STDR or eSTDR: 90% of the face value of the deposit
    Minimum loan amount Rs.25,000
    Maximum loan amount Rs.5 crore
    Cut-off time Online application for overdraft facility will be open from 8 a.m. to 8 p.m. IST
    Interest rate 1% above the interest payable on the fixed deposit
    Loan tenure for TDR or eTDR 3 years or the outstanding maturity period of fixed deposit, whichever is lower.
    Loan tenure for STDR or eSTDR 5 years or the outstanding maturity period of fixed deposit, whichever is lower.
    • In the above-mentioned table, the NRE or NRO fixed deposit in the eligibility criteria includes Special term deposit (STDR) or eSTDR or Term Deposit Receipt (TDR) or eTDR in a single name holder only.
    • In the above-mentioned table, the permissible limit section refers to the overdraft limit against deposits. You will not be able to make any modifications to the overdraft limit.
    • This loan scheme is not given to joint holders of deposits.
    • The loan will be provided to you with the help of internet banking. If you want to withdraw or shift the fund, you can do it via cheque or online banking.
    • If you want to close the SBI NRI overdraft account, you will have to visit any of the branches in India. This overdraft account closure cannot be done online as of now.
     

    Know before getting a Loan

     

    FAQs for SBI Personal Loan

    1. How to check SBI personal loan status?

      You can track your SBI personal loan status by contacting customer care or visiting the nearest branch.

    2. How to contact SBI personal loan customer care?

      You can contact SBI personal loan customer care number through the following ways: 

      • Call the 24x7 toll-free helpline numbers which are 1800 425 3800 and 1800 11 2211. 
      • You can also call the number 080-26599990 which is chargeable. 
    3. What are the different types of SBI personal loans offered to employees of corporates?

      Employees of corporates can apply for the Xpress Power Loan or the Xpress Credit Personal Loan, provided they meet the eligibility criteria. Keep in mind that you will need to have a salary account with the lender to apply for the Xpress Credit Personal Loan.

    4. If I take a personal loan from SBI, when will my liability to the bank come to an end?

      Once the entire outstanding loan amount becomes zero, your liability for your SBI personal loan will be removed.

    5. What are the options to repay my SBI Personal loan?

      You can repay your SBI Personal Loan via EMIs through the ECS facility or through Standing Instruction.

    6. Can I prepay my SBI Personal Loan and will I need to pay any additional charge on the prepayment of this loan?

      Yes, you can prepay your SBI Personal Loan. The bank charges prepayment penalty for certain personal loan schemes. You can find out more about this charge when you apply for the loan.

    7. What are the personal loan products offered by SBI?

      The 3 main types of SBI personal loan products include: SBI Xpress Power, SBI Xpress Credit Personal Loan, and SBI Pension Loan

    8. What is the minimum loan amount for SBI loan for central and state government pensioners?

      The minimum loan amount for SBI loan for central and state government pensioners is Rs.25,000.

    9. How can a personal loan borrower get in touch with SBI if he or she has any queries?

      A personal loan borrower can reach out to SBI for support by making use of any of the customer care number or email addresses. The customer can also write an email to the grievance cell of SBI or visit any SBI branch for assistance.

    10. Could you tell me the general loan tenure for SBI personal loans?

      All SBI personal loans are typically provided for a period of up to 60 months.

    11. What should be my income to secure a personal loan from State Bank of India?

      SBI offers personal loans to individuals with incomes as low as Rs.5,000. However, this amount might vary depending on the scheme applied for.

    12. Do I need to have a guarantor to apply for the Xpress Credit Personal Loan from State Bank of India?

      No, the lender does not require you to have a guarantor. However, before applying for the loan, you should ensure that you meet the eligibility criteria specified by the lender.

    A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.

    News About SBI Personal Loan

    • Fresh additions to SBI’s bad loans to ease by 2020

      State Bank of India expects less number of loans to turn bad going forward. By the end of the current financial year, the bank aims to contain the slippage ratio of its loan books within 2%. On 30 September 2019, the loan book of the bank was at Rs.22.48 lakh crore. However, the bank’s baseline is between Rs.32,000 and Rs.34,000 crore which amounts to 1.6% of the current loan book. The gross slippages even in challenging times are not expected to exceed 2%. To protect against this, SBI provides against these slippages in advance by holding provisions that exceed the estimated loss given default. In the September-ended quarter, slippages halved to Rs.8,805 crore. In the previous quarter it was Rs.16,212 crore. Last year, in the same quarter, the slippage was Rs.10,725 crore. In the previous quarter the slippage ratio was 2.83% whereas in the second quarter it was 2.18%. It made upfront provisions against two accounts that were stressed by using the proceeds of its 4.5% sale in its life insurance subsidy. The Rs.3,500 crore that was obtained from the sale was used for a power company account (Rs.2,600 crore) and the remaining was put into a housing finance company account. Now there is adequate capital with the bank.

      5 November 2019

    • SBI replaces Bajaj Finance on the list of top 10 most valued firms

      The largest public sector lender in the country, State Bank of India (SBI) has made a re-entry into the elite club of the top-10 most valued companies by market valuation after a two weeks gap. On 1 October 2019, it had lost its position to Bajaj Finance when the latter had replaced its spot at the 10th position. On the Bombay Stock Exchange, the market capitalisation of SBI at the end of the session of 15 October stood at Rs.2,27,979.20 crore which was Rs.2,899 crore more than the market capitalisation of Bajaj Finance. The top position in the list of India’s most valued firm is occupied by Reliance Industries Ltd. Which has a market capitalisation of Rs.8,60,631.07 crore followed by TCS which has a market capitalisation of Rs.7,58,338.19 crore. The other companies in the list include Hindustan Unilever, HDFC Bank, ICICI Bank, Infosys, State Bank of India, and Kotak Mahindra Bank. The data on market capitalisation of companies changes daily with the movement of share prices.

      17 October 2019

    • SBI raises cash deposit limit in non-home branches

      The State Bank of India (SBI) announced that it has removed the upper limit on cash deposits in non-home branches, which was earlier Rs.25,000. However, the bank would charge Rs.50 (plus GST) on each of the cash deposit transactions in non-home branches that is above the 3 free cash deposit transactions in the course of a month. SMEs would still have a cap of Rs.2 lakh per day deposit at non-home branches. The announcement was made ahead of the festive season. The cash deposits can be done using the SBI Cash Deposit Machine (CDM) machine. The deposits are done using the ATM debit card. The machine credits the amount instantly so visits to the bank branch office is unnecessary. There is a limit, per transaction, which is Rs.49,990 for cardless deposits and Rs.2 lakh for deposits through debit cards. The SBI CDM can also be used to deposit cash in loan, recurring deposit (RD) and Public Provident Fund (PPF) accounts. The CDM accepts currency notes up to 200 in number and in denominations of Rs.2,000, Rs.500, and Rs.100.

      25 October 2018

    • SBI Carnival 2018 Held in Hyderabad Showcasing SBI Loan Products

      The State Bank of India (SBI) has recently organised the SBI Carnival 2018 - a car and home expo from SBI - in Hyderabad. This event was inaugurated at Hitex on 1 September 2018 by the Special Chief Secretary of Revenue and Chairman of RERA, Telangana - Rajeshwar Tiwari - along with the Chief General Manager of the Local Head Office of SBI within Hyderabad Circle - Swaminathan J. During this 2-day event, more than 200 projects were showcased by over 50 builders while more than 10 car dealers unveiled. As per the statements of an official of SBI, this event is one of the biggest expos of its kind that are held in Hyderabad. Through this event, the bank has provided a platform to the visitors in order to help them select their dream car and the house that they have always wanted to own. SBI is a forerunner in bringing home loan products that are extremely competitive in nature. At this expo, the bank has decided to showcase its home loan products along with retail loan products such as car loan, personal loan, education loan, loan against property, etc. In addition to free CIBIL score check, SBI has also made arrangements so that customers can get their car and home loans approved on the spot at the expo.

      SBI acclaims that the real estate market in Hyderabad is developing in leaps and bounds owing to the high office space occupancy rate, rapid infrastructure development, and improved connectivity by the Hyderabad Metro and ORR. It is speculated that the introduction of Real Estate Regulatory Act (RERA) will help the market get further streamlined and vibrant. In the meanwhile, SBI is offering its complete support to the market by launching the most competitive and innovative products.

      14 September 2018

    • SBI Carnival 2018 Held in Hyderabad Showcasing SBI Loan Products

      The State Bank of India (SBI) has recently organised the SBI Carnival 2018 - a car and home expo from SBI - in Hyderabad. This event was inaugurated at Hitex on 1 September 2018 by the Special Chief Secretary of Revenue and Chairman of RERA, Telangana - Rajeshwar Tiwari - along with the Chief General Manager of the Local Head Office of SBI within Hyderabad Circle - Swaminathan J. During this 2-day event, more than 200 projects were showcased by over 50 builders while more than 10 car dealers unveiled. As per the statements of an official of SBI, this event is one of the biggest expos of its kind that are held in Hyderabad. Through this event, the bank has provided a platform to the visitors in order to help them select their dream car and the house that they have always wanted to own. SBI is a forerunner in bringing home loan products that are extremely competitive in nature. At this expo, the bank has decided to showcase its home loan products along with retail loan products such as car loan, personal loan, education loan, loan against property, etc. In addition to free CIBIL score check, SBI has also made arrangements so that customers can get their car and home loans approved on the spot at the expo.

      SBI acclaims that the real estate market in Hyderabad is developing in leaps and bounds owing to the high office space occupancy rate, rapid infrastructure development, and improved connectivity by the Hyderabad Metro and ORR. It is speculated that the introduction of Real Estate Regulatory Act (RERA) will help the market get further streamlined and vibrant. In the meanwhile, SBI is offering its complete support to the market by launching the most competitive and innovative products.

      14 September 2018

    • New SBI SME Branch Inaugurated in Partapur Industrial Estate

      The Chairman of the State Bank of India (SBI) inaugurated a branch in Meerut for its SME customers. Mr. Rajnish Kumar facilitated beneficiaries of the MUDRA loan and talked about the benefits of the loan.

      In addition to drawing light on the Pradhan Mantri MUDRA Yojna, the chairman also met with army veterans and planted trees in the SBI cantonment branch. Mr Kumar further discussed the city’s dominance in SME businesses and the financial support that the MUDRA scheme provides these businesses.

      29 August 2018

    • SBI and NABARD Signed Agreement to Offer Easy Credit in Telangana

      The National Bank for Agriculture and Rural Development (NABARD) and State Bank of India (SBI) have come together to sign a pact that will help customers avail collateral-free loans through Joint Liability Groups (JLGs) in the state of Telangana. Under this initiative, SBI and NABARD have signed a Memorandum of Understanding (MoU) along with 7 NGOs from the districts of Medak, Warangal, and Nizamabad. The tripartite MoU has been signed by J. Swaminathan, Chief General Manager of SBI, and P. Radhakrishnan, Chief General Manager of NABARD, at Hyderabad on 10 July 2018. This agreement will promote and link the credits of 2,000 JLGs of the state during the current financial year. Furthermore, the agreement states that NABARD will provide assistance to the NGOs to form, nurture, hand-hold JLGs of sharecroppers, tenant farmers, and oral lessees. On the other hand, under the pact, SBI will offer financial support without any collateral to the groups promoted by the NGOs.

      25 July 2018

    • SBI kickstarts YONO Rath to improve app popularity

      The State Bank of India recently flagged off YONO Rath, an effort to popularise the YONO app among its customer base. The YONO (You Only Need One) app was first released in November 2017 and satisfies all of your financial needs in one place by providing facilities such as digital banking that you might need on a daily basis. The app gives an option to open an Insta Savings Bank account without having to visit the bank branch. The application is jargon free and can be used by anyone for performing any bank activity.

      22 June 2018

    • Several Banks Increase MCLR Following the MCLR Hike by SBI

      Before the policy rate announcement by the Reserve Bank of India (RBI), numerous lenders has increased their Marginal Cost funds-based Lending Rate (MCLR) by a minimum of 10 basis points or 0.10%. While the State Bank of India hiked its MCLR across all loan tenures up to 3 years effective from 1 June 2018, top lender such as ICICI Bank, HDFC Bank, and Kotak Mahindra Bank have followed suit. Since the interest rate offered by banks on most of the retail loan products are linked to the MCLR, this hike is expected to cause their interest rates to increase as well. This, in turn, will further lead to an increment in the EMIs of the home loan, personal loan, and car loan borrowers.

      As per the official website of SBI, the current 1-year MCLR that the bank offers is 8.25%. On the other hand, the 1-year MCLR offered by ICICI Bank stands at 8.40%. The 1-year MCLR offered by HDFC Bank varies according to its product while that of Kotak Bank is currently 8.90%.

      13 June 2018

    • SBI looks for purchasers for bad loans

      The State Bank of India (SBI) recently put up 15 non-performing assets (NPAs) for sale. The amount of these assets are worth around Rs.989 crore. These NPA accounts will be offered to banks, asset reconstruction companies, etc. The bank issued a bid document with details regarding the NPA accounts. A few of the NPA accounts include KBJ Jewels Industry India, Aksha Gold Ornaments, and KBJ Hotel Varanasi assets. The total outstanding amounts of all these NPA accounts are around Rs.164.30 crore. Some of the other bad NPA accounts include Shri Jalaram Rice Industries, MCL Global Steel, and more.

      12 March 2018

        

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    SBI Personal Loan Reviews

    Write a Review
    • SBI Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had taken a personal loan with SBI on 4 years back. The loan amount of 8L was sanctioned which is sufficient as per my needs. Since for my personal need taken this loan. The tenure period of 4 years. Interest is 10.8% is fine and fee applicable of 10K. I use to get remainder message on time for EMI to pay of 17K. There is no option of pre closure. I have closed the loan and received NOC letter as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 19, 2020
    • SBI
      SBI Personal Loan
      "Good Loan Service"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan from SBI because based on my savings account. They have provided me a pre- approved loan hence i got it. Even though its a nationalized bank, they are giving good co-operation to the customer. They offered me a interest rate of 12.5%. I took the loan on 7 months ago with the tenure period of 5 years.
      Was this review helpful? 0
      , namakkal
      Reviewed on Jan 18, 2020
    • SBI Personal Loan
      "Need to decrease the rate of interest"
      0.5 4.5/5 "Excellent!"
      I have applied a personal loan from SBI and the loan amount was Rs. 1.25L and the interest rate was 14% it is high actually. I applied this loan directly from bank and I am paying Rs. 4000 with the tenure of 4 years. I am not getting any alert message, call or even mail also.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jan 18, 2020
    • SBI Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken personal loan through SBI .The rate of interest and the processing fee was very high it was 13% due to my requirement i have taken but it would be better if its reduced. It took one week time to get the loan and there was a delay in Verification process .I am satisfied with the service so far.
      Was this review helpful? 1
      , vellore
      Reviewed on Jan 16, 2020
    • SBI Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with SBI on 3 years back. Since I am holding salary account they offered a pre approved loan. Hence the process was done quickly and they have sanctioned the loan on time. I am eligible of 8L but preferred only for 3L with tenure period of 3 years. Rate of interest of 14%. EMI use to pay of 7K. They have provided the option of pre closure.
      Was this review helpful? 2
      , alleppey
      Reviewed on Jan 14, 2020
    • SBI Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      My personal loan is running with State Bank of India at the time of emergency. The interest rate is 13.50% and there was a processing fee of around 2,300 rupees for 1lakh. The duration for repayment is 24months. The loan process was very easy and everything completed through online.
      Was this review helpful? 3
      , chennai
      Reviewed on Jan 10, 2020
    • SBI Personal Loan
      "Best service"
      0.5 4.0/5 "Great!"
      I have taken personal loan directly through SBI Bank .The loan amount was sanctioned on time without any difficulties and delay .The agent gave the details about the loan process ,I have submitted the required documents on time ,This loan is still active and there was no difficulties faced so far. I am paying through EMI 5000 and the loan amount was Rs. 2.50L.
      Was this review helpful? 3
      , vizianagaram
      Reviewed on Jan 09, 2020
    • SBI Personal Loan
      "Average Loan Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from SBI because I'm already an existing customer of this bank since I've been holding the savings account for more than 6 years. I got the loan amount within 10 minutes. I have taken the loan amount of Rs. 45,000 for 4.5 years. I had applied this loan through an online.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 09, 2020
    • SBI Personal Loan
      "Good Loan Service"
      0.5 5.0/5 "Blown Away!"
      My salary is getting credited into State Bank of India and its a nationalized bank so that i have chosen the personal loan with them because their rate of interest is less when i compared to other. They took 3 days to sanctioned the loan. I'm paying the EMI amount of Rs. 6200 for the loan amount of Rs. 3 lakhs.
      Was this review helpful? 1
      , mysore
      Reviewed on Jan 06, 2020
    • SBI Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for SBI personal loan and availed the loan .The process was very quick and the rate of interest was 10.25% it was quite nominal .I have salary account with this bank,The loan amount got sanctioned on time without any delay .The process of this loan was pretty good .
      Was this review helpful? 4
      , kolkata
      Reviewed on Jan 03, 2020
    • SBI Personal Loan
      "Charging over rate of interest"
      0.5 4.0/5 "Great!"
      In State bank of India, they have provided me a interest rate of 13.5% for personal loan. SBI has given me a lots of things like zero balance account salary cums savings. They have taken 15 days to provide the loan. I chosen the tenure period of 60 months and the loan amount was Rs. 2lakhs and also there is a no preclosure charges.
      Was this review helpful? 3
      , bangalore
      Reviewed on Dec 26, 2019
    • SBI Personal Loan
      "Quick sanctioned loan"
      0.5 5.0/5 "Blown Away!"
      Took my personal loan from State bank of India because my father referred this bank. They are very responsive and they have sanctioned my loan on time hence i don't need to visit the branch again and again. Interest rates are very nominal which is a market rates. They have charged me a processing fee of 1%. After 1 year, i can pre-close the loan by paying some additional charges.
      Was this review helpful? 6
      , bangalore
      Reviewed on Dec 23, 2019
    • SBI Personal Loan
      "Good offer from SBI"
      0.5 5.0/5 "Blown Away!"
      I have got my personal loan from SBI. Through their mobile app, i had applied the loan and they took only 2 days to sanctioned this loan. I got the loan amount of Rs. 75000. They have provided me a interest rate of 13%. I have been paying the EMI amount of Rs. 4000 approximately with the duration of 24 months.
      Was this review helpful? 6
      , bangalore
      Reviewed on Dec 20, 2019
    • SBI Personal Loan
      "Simple to use"
      0.5 3.5/5 "Pretty good"
      While using the YONO app, i got the personal loan from State bank of India. I availed this loan almost 10 months back. Am using the savings account for more than 7 years, they gave me an offer based on my transaction and credit score hence i have not provided any documents. They are ready to provide the loan with any tenure period.
      Was this review helpful? 5
      , chennai
      Reviewed on Dec 20, 2019
    • SBI Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan only once with SBI. I went to bank directly and applied for loan, it processed with in 3 days. The loan amount is Rs. 1 Lakhs with the interest rate of 11.5% which is normal and the tenure is 1 year. The response is good from bank executive.
      Was this review helpful? 5
      , gandhinagar
      Reviewed on Dec 20, 2019
    • SBI Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with SBI before 10 months. I was using net banking through then I received the link of yono mobile application. I had a offer for personal loan and I was in a need so I applied for it. The loan amount. Rs.3.99 Lakhs with the rate of interest 12.5% which is fine and they provided the tenure of 6 years.
      Was this review helpful? 3
      , navi mumbai
      Reviewed on Dec 19, 2019
    • SBI Personal Loan
      "Service provided by SBI is very good. "
      0.5 5.0/5 "Blown Away!"
      In State bank of India, they have provided me a interest rate of 11.5% for personal loan. SBI has provided me a lots of things like zero balance account and I am getting defence service on personal account so that i have selected this bank. They have taken 2 days to provide the loan. I chosen the tenure period of 6 years.
      Was this review helpful? 10
      , new delhi
      Reviewed on Dec 13, 2019
    • SBI Personal Loan
      "Better loan than HDFC"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan from SBI, this is a Government undertaken bank and I have a trust on this bank so that i have selected them. Banker said that they will sanctioned the loan in 3 days but they took almost 5 days and the provided interest rate is 9% and there is no additional charges for the pre- closure and partial payment facility.
      Was this review helpful? 6
      , bathinda
      Reviewed on Dec 05, 2019
    • SBI Personal Loan
      "Easy loan"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from SBI . The loan amount was Rs. 2,00,000 I have completed the loan right now. The rate of interest was 12 or 13% , I am happy with the rate of interest and the tenure was 5 years. The customer service and responsiveness was good.
      Was this review helpful? 8
      , agartala
      Reviewed on Dec 05, 2019
    • SBI Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal through State Bank of India .The rate of interest and the processing fee was nominal .I will be closing this loan within 1 year and submitted the required documents .The required details was shared by the agent and satisfied with the service so far.
      Was this review helpful? 6
      , vadakara
      Reviewed on Dec 03, 2019
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