State Bank of India (SBI), the largest public sector bank in India, is known for its attractive and competitive loan offerings. In 2025, the bank still offers personal loans for various needs. These include medical emergencies, weddings, travel, education, and home renovations. These loans have flexible repayment options, low rates, and an easy application.
SBI Personal Loans in 2025
Personal loans can be a lifesaver in times of need. A personal loan can help with a financial gap. It can fund a medical emergency, a wedding, or a home renovation. SBI, with its extensive reach and reputation, offers personal loans that can be used for almost any personal need. Before applying, it’s crucial to know the SBI personal loan’s key features in 2025. This includes the interest rates, eligibility, required documents, repayment terms, and other details.
SBI Personal Loan Features 2025
Loan Amounts: SBI offers personal loans ranging from ₹50,000 to ₹20 lakh. This range ensures that customers can choose a loan amount that suits their needs.
Loan Tenure: SBI personal loans have a repayment tenure of 12 to 60 months. This gives borrowers flexibility to choose a plan that fits their budget.
Interest Rates: SBI offers rates of 9.60% for salaried and 10.45% for self-employed individuals. The interest rate may vary depending on the applicant’s credit profile, income, loan amount, and relationship with the bank.
No Collateral Required: SBI personal loans are unsecured loans, meaning you don’t need to pledge any collateral to get approved.
SBI Personal Loan Interest Rates 2025
SBI personal loan rates depend on several factors. These include your credit score, employment status, and the loan amount you request. Here’s a detailed look at the SBI personal loan interest rates for 2025:
| Category | Interest Rate (Per Annum) |
|---|---|
| Salaried Individuals | 9.60% to 15.00% |
| Self-Employed Individuals | 10.45% to 16.00% |
| Pre-Approved Personal Loans | 9.60% to 12.00% |
| Balance Transfer Loans | 9.60% (Starting) |
Key Points to Remember:
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The interest rates for salaried individuals start at 9.60%.
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Self-employed individuals may face slightly higher rates, typically ranging from 10.45% to 16%.
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Existing customers with a good relationship with SBI can get pre-approved loans at rates starting from 9.60%.
SBI Personal Loan Eligibility Criteria 2025
SBI personal loans are for salaried and self-employed individuals. You must meet certain criteria to qualify for a loan. Here’s a breakdown of the main requirements:
Age:
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You must be between 21 and 58 years of age at the time of loan maturity.
Employment Status:
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Salaried individuals must work for a reputed organization. Self-employed individuals and business owners are also eligible.
Income:
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Minimum monthly income of ₹20,000 is required. The income requirement may vary depending on your location and profession.
Credit Score:
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A good credit score (typically 750 or above) is crucial for approval. Having a high credit score can also help you secure better interest rates.
Work Experience:
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Salaried applicants must have at least 2 years of total work experience, with at least 6 months in the current job.
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Self-employed applicants must have a minimum of 3 years in their current business.
Nationality:
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The applicant must be a resident Indian.
Documents Required for SBI Personal Loan 2025
Before you apply for an SBI personal loan in 2025, ensure that you have all the necessary documents. SBI generally requires the following:
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Identity Proof: PAN Card, Aadhaar Card, Passport, Voter ID, or Driving License.
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Address Proof: Aadhaar Card, Passport, Utility Bills, Rent Agreement, or Voter ID.
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Income Proof:
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Salaried individuals: Salary slips, Bank Statements.
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Self-employed individuals: IT Returns, Profit & Loss Statement, Business Registration.
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Photograph: A recent passport-size photograph.
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Loan Application Form: Complete the form with your personal and financial details.
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Additional Documents: As requested by the bank.
SBI Personal Loan Repayment Options 2025
Repaying your SBI personal loan is easy, with several convenient options. Here’s an overview of the repayment process:
Equated Monthly Installment (EMI):
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EMI payments can be made monthly through auto debit or cheques.
Flexible Tenure:
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Choose from a tenure of 12 to 60 months, depending on your repayment capacity.
Prepayment Facility:
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You can make a partial or full prepayment after 6 months. However, prepayment charges may apply.
Online Payments:
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Payments can be made through SBI net banking or the SBI mobile app.
NACH Facility:
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The NACH facility allows for the automatic deduction of EMI from your account.
Late Charges:
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2% of the due amount per month will be charged for delayed payments.
No-Cost EMI Offers:
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Occasionally, SBI offers no-cost EMI under specific promotional schemes.
How to Check SBI Personal Loan Status 2025
Once you apply for an SBI personal loan, you can easily track the status of your application. Here are the ways to check your loan status:
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Online Through Website: Log in to your SBI account and visit the loan status section.
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SMS Service: Send an SMS with your loan application details to 567676 for updates.
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SBI YONO App: You can also check the loan status via the SBI YONO App.
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Customer Care: Call the SBI customer care number at 1800 11 2211 to inquire about your loan status.
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Branch Visit: Visit the nearest SBI branch with your application details.
SBI Personal Loan Disbursement Time 2025
After your loan is approved, the disbursement process is typically swift. Here’s how long it takes for different categories of applicants:
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Pre-Approved Customers: Same day to a few hours.
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Salaried Individuals: 2 to 7 working days after document verification.
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Self-Employed Individuals: 5 to 7 working days after document verification.
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Online Loan Applications: 1 to 3 working days, provided all documents are verified promptly.
SBI Personal Loan Foreclosure Charges 2025
SBI allows borrowers to foreclose their personal loan before the end of the tenure. However, foreclosure charges may apply in certain cases. Here are the details:
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Foreclosure after 12 EMIs: There are no charges for foreclosure if you’ve completed 12 EMIs.
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Foreclosure Before 12 EMIs: Charges of 3% of the outstanding loan amount apply.
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Part Prepayment Charges: 2% of the prepaid amount.
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Special Schemes: No foreclosure charges on loans under specific promotional schemes.
SBI Personal Loan Customer Care 2025
SBI offers several customer care options for personal loan-related inquiries:
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Helpline: Dial 1800 11 2211 for loan services.
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Email Support: Send an email to customercare@sbic.co.in.
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Chat Support: Use the live chat feature on the website or mobile app for assistance.
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Branch Visit: Visit the nearest SBI Bank branch for support.
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SMS Service: Send a message to 567676 for updates and support.
How to Apply for SBI Personal Loan Online in 2025?
Here’s how you can apply for an SBI personal loan online:
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Visit the Official Website: Go to SBI Bank’s official website https://www.sbi.co.in.
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Select Personal Loan Option: Choose “Personal Loan” from the “Loans” section.
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Check Eligibility: Use the online eligibility calculator to check if you qualify for the loan.
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Fill the Application Form: Complete the application form with your personal details.
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Submit Documents: Upload the required documents. Include ID, address, and income proofs.
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Review and Apply: Check your details and submit the application.
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Track Application Status: Monitor the status of your loan application on the SBI website or SBI YONO App.
Conclusion
SBI Personal Loan 2025 is perfect for those needing personal funds. SBI offers a great loan product. It has low rates, easy eligibility, fast disbursal, and flexible repayments. Make sure you meet the criteria and have the docs to enjoy a hassle-free loan experience.
Know the loan terms, interest rates, and the application process. Then, you can make an informed decision before applying for an SBI personal loan. Whether you are a salaried professional or a self-employed individual, SBI provides personal loans that cater to you
r financial needs with ease and convenience.