In this article, you’ll get to know about the latest SBI Personal loan interest rate 2024. Now anyone can take a personal loan from the State Bank of India. After Kovid, almost all the banks started providing pre-approved personal loan facilities to their customers. Let us see what the schemes of personal loans are at the State Bank of India and What is the rate of interest?
SBI Personal Loan Interest Rate 2024 and Schemes
Personal Loan Scheme | Effective Interest Rate with No Reset* |
---|---|
XPRESS CREDIT | |
Applicants of Defence/ Central Armed Police/ Indian Coast Guard | 10.65% – 12.15% |
Applicants of Central Govt./ State Govt./ Police / Railway/ Central Public Sector Enterprises (CPSEs) Considered Under ‘RATNA’ Status | 10.65% – 13.15% |
Applicants of Other Corporates | 11.65% – 13.65% |
XPRESS ELITE SCHEME | |
Salary Account with SBI | 10.65% – 12.15% |
Salary Account with another Bank | 10.90% – 12.40% |
XPRESS LITE SCHEME | 1% higher than Xpress Credit scheme for all brackets |
SBI QUICK PERSONAL LOAN SCHEME THROUGH CLP PORTAL | 0.25% higher than I. Xpress Credit Scheme for all Brackets |
XPRESS CREDIT INSTA TOP-UP LOANS | 11.75% |
PENSION LOAN SCHEMES | |
SBI Pension Loan | 10.80% |
Jai Jawan Pension Loan | 10.80% |
Pension Loan Scheme For Treasury & PSU Pensioners | 10.80%-11.30% |
Pre-Approved Pension Loans (PAPNL) | 10.80% |
Pre-approved Insta Pension Top-Up | 10.80% |
SBI Personal loan features
- Loan up to 30 lakhs
- Low interest rates
- Interest on daily reducing balance
- Low processing charges
- Minimal documentation
- Zero hidden costs
- Provision for second Loan
- No security, no guarantor
SBI Personal Loan Eligibility
- Individuals having Salary Account with any other Bank
- Minimum Net Monthly Income: Rs. 15,000/-
- EMI/NMI Ratio less than 50%
- Employees working with
- Central/ State/ Quasi Governments,
- Central & State PSUs
- Corporate (Private & Public Ltd.)
- Educational institutions of National Repute
- Age: 21-58 years
- Minimum service of 1 year
- Loan Amount
- Minimum: Rs. 24,000
- Maximum: Rs. 20,00,000 / 24 times NMI
Check your monthly EMI
![](http://bankpediaa.com/wp-content/uploads/2022/11/sbi-personal-loan-emi-calculator.jpg)
Use the SBI personal loan interest rate calculator to check your monthly EMI. Let us see how to use the SBI personal loan calculator.
Step 1: Enter your desired loan amount.
Step 2: Enter the rate of interest as per the SBI personal loan scheme mentioned above.
Step 3: Select your tenor or repayment period in months.
You can apply Online for SBI Personal loan. Click here to apply Apply Online
Also read PNB Personal Loan Scheme
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