SBI personal loan interest rate 2025: When life throws financial challenges or opportunities your way—be it a dream vacation, a family wedding, or an unexpected medical need—a personal loan from SBI in 2025 could be your most reliable solution. With a long-standing reputation and a customer-first approach, SBI ensures fast disbursal, competitive rates, and flexible repayment. This year, their offerings are even more attractive for all income groups.
SBI Personal Loan Options & Interest Rates
SBI provides several types of personal loans catering to salaried employees, pensioners, and self-employed individuals. Whether you’re looking for pre-approved loans with zero processing fee or festive discounts on interest rates, there’s a plan for everyone. Rates in 2025 start as low as 9.60% per annum, depending on the loan type and your credit profile.
| Loan Type | Interest Rate | Processing Fee | Maximum Loan |
|---|---|---|---|
| SBI Xpress Credit | 11.15% – 14.30% | Up to 1.5% + GST | ₹20 lakh |
| SBI Pre-approved Loan | 9.60% – 12.85% | Nil or nominal | Based on profile |
| SBI Pension Loan | 11.30% – 12.80% | Up to 0.5% + GST | ₹14 lakh |
| SBI Festive Offer | 10.85% – 12.65% | Reduced charges | ₹20 lakh |
| Self-employed Loan | 12.50% – 14.75% | Up to 2% + GST | ₹10 lakh |
EMI Breakdown: ₹5 Lakh Over 3 Years
Let’s say you borrow ₹5 lakh from SBI for 3 years. Depending on the interest rate, your monthly EMI could vary between ₹16,416 and ₹17,697. A higher rate means paying more in total interest. Here’s a simple comparison of EMI amounts based on various interest slabs:
| Interest Rate | EMI (Monthly) | Total Interest | Total Payable |
|---|---|---|---|
| 11.15% | ₹16,416 | ₹90,976 | ₹5,90,976 |
| 13.00% | ₹16,823 | ₹1,05,604 | ₹6,05,604 |
| 15.00% | ₹17,260 | ₹1,20,352 | ₹6,20,352 |
| 17.00% | ₹17,697 | ₹1,36,089 | ₹6,36,089 |
Use SBI’s EMI calculator online for precise numbers based on your loan terms.
Required Eligibility to Apply for SBI Personal Loan?
Eligibility is generally based on your age, income, and job status. SBI’s loan is open to salaried professionals, pensioners, and self-employed individuals, provided you meet the following:
- Age: 21 to 60 years (up to 76 for pensioners)
- Income: Minimum ₹15,000/month
- Experience: At least 2 years in your current job (for salaried)
- Credit Score: Higher scores get better interest rates
For self-employed individuals, you’ll need valid business proof and tax filings.
Steps to Apply for SBI Personal Loan – Online or Offline
Getting started with SBI is straightforward. You can apply either via their official website, YONO app, or by walking into your nearest branch.
Online Application:
- Go to the SBI website or YONO app
- Navigate to the Personal Loan section
- Fill the digital form and upload documents
- Get approval in as little as 24-48 hours
Offline Application:
- Visit your local SBI branch
- Complete the form and attach documents
- Wait for document verification and approval
Documents Needed:
- Aadhaar, PAN, Voter ID (Identity Proof)
- Salary slips, bank statements (Income Proof)
- Utility bills, Passport (Address Proof)
Frequently Asked Questions
Yes, SBI allows prepayment after a certain period with minimal or no penalty.
Not usually, but having one may help improve your loan eligibility and get better terms.
Once approved, the amount is usually credited within 24 to 48 hours.