When it comes to fulfilling personal financial needs, a State Bank of India (SBI) Personal Loan can be a reliable solution. Whether you’re planning a wedding, funding a vacation, consolidating debt, or facing unforeseen medical expenses, SBI offers personal loans with competitive interest rates and flexible repayment terms. Let’s have a look at the latest SBI Personal Loan Interest Rates.
I. XPRESS CREDIT SCHEME [including Pre-Approved Xpress Credit (PAXC)/ RTXC/ RMP Xpress Credit]
A. Applicants of Defence/ Central Armed Police/ Indian Coast Guard
| Spread over 2-year MCLR | Effective Interest Rate with No Reset |
|---|---|
| 2.40% – 3.90% | 11.45% – 12.95% |
B. Applicants of Central Govt./ State Govt./ Police / Railway/ Central Public Sector Enterprises (CPSEs) Considered Under ‘RATNA’ Status
| Spread over 2-year MCLR | Effective Interest Rate with No Reset |
|---|---|
| 2.55% – 5.05% | 11.60% – 14.10% |
C. Applicants of Other Corporates
| Spread over 2-year MCLR | Effective Interest Rate with No Reset |
|---|---|
| 3.55% – 5.55% | 12.60% – 14.60% |
II. XPRESS ELITE SCHEME (including RTXC Elite)
A. Salary Account with SBI:
| Spread over 2-year MCLR | Effective Interest Rate with No Reset |
|---|---|
| 2.40% – 2.90% | 11.45% – 11.95% |
B. No loan to be offered in case salary account of the customer is not maintained/ shifted in our Bank.
III. XPRSS FLEXI SCHEME (Overdraft Facility)
0.25% higher than I. Xpress Credit scheme for Diamond Salary Package customers and II. Xpress Elite scheme for Platinum Salary Package customers
IV. SBI QUICK PERSONAL LOAN SCHEME THROUGH CLP PORTAL (for customer not maintaining salary account with SBI)
No loan to be offered in case salary account of the customer is not maintained/ shifted in our Bank.
V. PRE-APPROVED PERSONAL LOANS (PAPL) TO NON-CSP CUSTOMERS
| Spread over 2 year MCLR | Effective Interest Rate with No Reset |
|---|---|
| 5.05% – 5.55% | 14.10% – 14.60% |
