SBI Personal loan how to apply |apply for SBI personal loan

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SBI Personal loan

Hello friends welcome to today’s post. If you are troubled by the problem of money and if you want that you can take a reliable loan so that your money problem can be solved. If there is a need in your house, such as if someone in your house suddenly falls ill, someone gets married in your house, you have to buy a new vehicle or start a new business.

In such a situation, if you want to take a reliable loan and want to do your work successfully. In such a situation, if you want to get any reliable loan, but in such a situation, if you are getting troubled by repeatedly visiting the banks. And you do not understand which loan should I take which is reliable.

Today we are going to tell you a very good solution to your problem. In today’s post we are going to tell you about SBI personal loan . In this post, we will tell you how to apply for sbi personal loan in hindi What are the interest rates of sbi personal loan ? What are the documents required to take this loan? And you will get answers to many more questions related to this, so let’s start this post now.

1.Brief information about SBI personal loan :-

Point Explanation
SBI personal loan isa Loan given by State Bank of India
Interest rates 9.60% to 15.65%
Special Feature Interest on Daily Reducing method
required age 21 to 58 years
Processing Fees1% of loan amount
loan amountINR 50,000 to 15,00,000
Lowest EMIstarting from Rs.1832
loan foreclosurePermission after 6 months of loan disbursal
customer care number 1800-11-2211 or 1800-425-3800
email address [email protected]
SMSUNHAPPY to 8008 20 20 20

2. What is SBI Personal Loan?

SBI personal loan is a personal loan given by State Bank of India, you can take this loan for your personal use like you want to start a new work, buy a vehicle or you need to do any other work. If you are in need of money or someone is sick in your house, in that situation also you can take this loan. You can take this loan at an interest rate ranging from 9.60% to 15.65%APR. On taking this loan, you also have to pay a small processing fee. And you can take this loan for a long time.

3. How much amount can we take as loan through SBI personal loan?

If you apply for SBI personal loan then you are given money as a loan according to your credit history. Through this bank loan, you can take a personal loan from ₹ 50,000 to ₹ 15,00,000.

Read also : How to get Bank of Baroda Personal loan?Bank of Baroda Personal loan special features

4. What are the interest rates of SBI personal loan?

If you apply for SBI personal loan then your interest rates will depend on the loan amount offered to you. The interest rate of this loan ranges from 9.60% to 15.65% APR.

5. Do we have to pay any Processing Fees for taking SBI Personal Loan?

If you apply for SBI personal loan then you have to pay a processing fee which is 1% of the loan amount taken by you.

6. For how long can SBI personal loan be taken? 

You can take SBI personal loan from minimum 6 months to maximum 72 months.

7.What is the required age limit to avail SBI personal loan?

The prescribed age limit for taking SBI personal loan is from 21 years to 58 years. If you are older than this, you will not be able to apply for this loan.

8.What will be the minimum EMI for availing SBI personal loan?

If you apply for SBI personal loan then the minimum EMI you can pay will be Rs 1832 per month for 72 months tenure.

You can easily check your EMI by scrolling to the bottom of our website. We have made available an EMI calculator below for your convenience.

9. An Example of SBI Personal Loan:-

loan amount₹1,00,000
Time Period 6 months to 72 months
Rate of interest 9.60% to 15.65%
Processing fees upto 1000 rupees
Total monthly EMI will beRs.1832 for up to 72 months. If you take a loan of Rs 1,00,000 for 72 months at an interest rate of 9.60%
Rs.17436 for 6 months, if you take a loan of ₹ 1,00,000 for 6 months at an interest rate of 15.65% APR.

Read also : How to get Bank of Baroda Personal loan?Bank of Baroda Personal loan special features

10.Types of SBI personal loan

SBI Bank provides the following types of personal loans, we have mentioned them here in details.

SBI Xpress credit personal loan

SBI Bank provides SBI Xpress credit personal loan to provide financial assistance to all those who have salary account in SBI Bank. Through this loan, you can take a loan of up to Rs 20,00,000. Your monthly salary is required to be ₹ 15000 per month to take this loan.

SBI Pension Loan

SBI Bank provides SBI Pension Loan to provide financial assistance to Central and State Pensioners, Defense Pensioners and Family Pensioners. To take this loan, your age should be less than 76 years.

SBI pre approved personal loan

If you are an existing customer of SBI and your repayment history is good, then you can check your eligibility to take SBI Pre approved loan. This loan can be available only to existing customers of SBI Bank.

SBI Quick Personal Loan

SBI Quick Personal loan is made available for them those who have a non-salaried account in SBI Bank. Through this scheme, you can take a loan up to Rs.20,00,000. To take this, your minimum monthly income should be ₹ 15000 and your age should be between 21 years to 58 years.

SBI Kavach Personal loan

SBI kavach personal loan is a new initiative taken by SBI Bank to provide assistance during covid. This loan can be taken by all the salaried, non-salaried and pensioners. Through this loan, you can take a loan up to ₹ 5,00,000 at an interest rate of 8.50% for a maximum period of 60 months. You do not have to pay any Processing Fees for this loan.

11.What is the eligibility criteria for availing SBI personal loan?

The eligibility conditions for availing SBI Personal Loan are different for salaried and self employed. Here we are telling the eligibility conditions for both types of categories of persons.

Eligibility Conditions for Salaried Individuals

1.) Salaried person will be all those people who work in any government, private or multi national companies.

2.)Your age should be between 21 years to 58 years to take this loan.

3.) To take this loan, your minimum monthly income should be ₹ 24000.

4.) You can get a loan of 15 times your monthly salary.

5.) You can take a maximum loan of ₹15,00,000

6.) To take this loan, you must have minimum 24 months work experience.

Eligibility Conditions for Self Employed Person

1.) Self employed persons will include all those who are Doctors, CAs, architects etc.

2.)Your age should be between 21 years to 65 years to take this loan.

3.) Your minimum annual income must be ₹ 5,00,000.

4.) Through this loan, you will be able to take a loan up to a maximum of Rs 15,00,000.

12.What are the documents required to apply for SBI Personal Loan?

If you apply for SBI personal loan then you will generally need the following documents. Documents required for you, may vary in certain circumstances according to your nature of employment.Generally the following documents will be required

1.) Your 2 latest passport size photograph

2.) Photocopy of your Identity card

3.) Your bank account statement for the last 6 months

4.)Your Permanent account no.(PAN card)

5.)Proof of identity and current address

Passport/Driving license/Aadhaar number/Voter ID card

6.)Job Card(If available)


13.What are the benefits you get by availing SBI Bank Personal Loan?

You will get the following benefits if you take SBI Personal Loan as compared to other banks

1.)Special personal loan for covid

If you take a loan from SBI, then you get the facility of ‘Kavach Personal Loan’, a collateral-free loan for your family. Under this, you can take a loan of up to ₹ 5,00,000 for 60 months at an interest rate of 8.5% per annum.

2.) Interest on SBI personal loan

If you take SBI personal loan then you have to pay interest according to daily reducing method. This means that your EMI is decided on the basis of charging interest on your remaining principal.

3.)Various personal loans

If you take a personal loan from SBI Bank, then you get personal loans like xpress credit personal loan, pension loan, pre approved personal loan, kavach personal loan etc.

4.)Nil prepayment charges

If you get the personal loan account of SBI Bank closed for any reason, then you don’t have to pay any Pre Payment Fees.


14. What is SBI personal loan customer care details?

SBI Personal Loan customer care details:-

Customer care number:- 1800-11-2211 or 1800-425-3800

Email address :- [email protected]

SMS :– UNHAPPY to 8008 20 20 20

15.What is the complete process to apply for SBI Bank personal loan?

If you want to apply for SBI Personal Loan then the special thing about this loan is that you can apply for it both online and offline. If you want to apply online then you have to download YONO APP or you can visit the Offficial website of SBI.To apply offline you have to visit your nearest SBI branch.

Apply online

You will be able to apply mainly in the following steps:-

1.) First of all you have to visit the official website of SBI. Or download YONO APP .

2.) Now you have to click on the personal loan icon.

3.) Now you have to fill the personal loan application.

4.) In this you have to fill all your necessary information such as your name, pin code, phone number, loan amount etc.

5.) After that you will get an OTP on your mobile number through which you will have to verify and click on submit

6.) Now you will be approved for the loan as per your eligibility.

Apply offline

To apply offline for the SBI personal loan you have to visit your nearest SBI Branch.There Bank employees related to loans will guide you in applying for sbi personal loan.

16.What are the things to keep in mind before applying for SBI Personal Loan?

1.)Check credit score

Before applying for SBI personal loan, it is necessary for you to know your credit score in some way, only then you will be able to get a good loan.

2.)Borrow only the amount required

Take as much loan from the bank as you need. If you take more loan then you will have problem in paying later.

3.)Fill Details carefully

While applying, you should fill all your information carefully. If any information is wrong, your loan may be rejected.

4.)Never apply with multiple lenders at the same time

Do not take loan from more than one lender at the same time or else you may face trouble in paying.

Read also : How to get Bank of Baroda Personal loan?Bank of Baroda Personal loan special features

17. Some frequently asked questions about SBI Personal Loan:-

What are the interest rates of SBI personal loan?

The interest rates of this loan range from 9.60% to 15.65%.

What is SBI personal loan customer care number?

SBI Personal Loan customer care details:-
Customer care number:- 1800-11-2211 or 1800-425-3800
SMS :- UNHAPPY to 8008 20 20 20

How to Check SBI Personal Loan Status?

To check SBI personal loan status, you have to visit the official website of SBI. After this you will be able to know your application status after logging into your account.

How to Calculate SBI Personal Loan EMI?

To calculate the EMI of SBI personal loan, you will find an EMI calculator at the bottom of our website Moneynext.in, by which you can calculate the EMI of your loan.

What is the maximum amount you can take as loan through SBI personal loan?

Through SBI personal loan, you can take a maximum loan of up to Rs 15,00,000.

What is the Minimum required Monthly Income for taking SBI Personal Loan?

If you apply for SBI Personal Loan, then your minimum monthly income should be ₹ 24,000 per month.

What is the minimum required age to apply for SBI personal loan?

Minimum required age is 21 years if you want to apply for SBI Personal Loan.

18.FINAL WORDS :-

In today’s post, we have carefully told you every important point about SBI Personal Loan. We have provided this information in this post that what is SBI Personal Loan? If you apply for this loan, then your age should be between 21 years to 58 years, then only you can apply for this loan.

We have also told you through this post that on taking this loan, you also have to pay a Processing Fee which is 1% of the loan amount. If you apply for this loan, your interest rate ranges from 9.60% to 15.65% depending on the loan amount taken by you.

Through this loan, you can easily take loan from ₹ 50,000 to ₹ 15,00,000. Through this post, we have also told you the different types of SBI personal loan. In this post, we have also told you about the benefits of taking SBI personal loan.

In this post, we have also given you information about SBI customer care details. We have also given you the information about how you can apply for this loan. In the end, we have also told you that if you apply for this loan, then what should you keep in mind.

If you liked this post and if you think that we have given correct information , then please share this post with your familiar People so that they could also get information about this loan.

You can see information about other such loans on our website. You can join our social platforms to get more new informations. To join our social platforms, scroll down to the bottom. At Bottom you will find a section with the titleconnect with us.  To join our social platforms ,you can click on any icon. By doing this you will be able to connect with us.

Thank you for reading this post till the end………….

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