SBI Personal Loan: State Bank of India (SBI) offers many types of personal loans. Let us tell you that the interest rate of personal loan from State Bank of India is also the lowest. In today’s article, we will tell you how to get personal loan instantly at low interest rate from State Bank of India. If you also need a personal loan (Personal Loan SBI), then complete information is given in the article below.
SBI Personal Loan: Get instant personal loan from SBI at low interest rate
State Bank of India offers various personal loan schemes for salary and pension holders. Let us tell you all that SBI’s personal loan in July 2025 is very popular due to low interest rates and easy eligibility. Interest rates depend on the borrower’s credit score, income, type of job and relationship with SBI. This interest rate can be between 10.30% to 15.30%.
Various types of charges are applicable on the loan
Whenever you take a personal loan or any other type of loan, processing fees and other charges are applicable on the loan. But this charge is reduced on pension loans. The interest rate for pension holders is also very different and the processing fee is also very low. Key aspects of personal loan interest rates from State Bank of India (SBI) SBI personal loan interest rates are linked to the 2-year marginal cost of funds based lending rate (MCLR), which is 9.05% as of March 14, 2025. The final interest rate is calculated by adding a spread of 1.25 percent to 6.25% on this base rate.
How is the SBI personal loan interest rate determined?
Whenever you take a personal loan or any other loan from SBI, the loan interest rates are based on MCLR (9.05% till March 2025). The final rate is decided by applying an additional charge of 1.25% to 6.25% on it.
How to calculate SBI personal loan EMI?
Your monthly installment (EMI) depends on the loan amount, interest rate and tenure. It can also be easily estimated using the EMI calculator on the SBI website.
Factors affecting the interest rate
- Credit score: If your credit score is above 750, you may get better rates.
- Type of Job: If you are a government employee or defense employee then you can get loan at lower interest rate.
- Monthly Income: If you have higher income, the interest rate will be very low and you will also get more personal loan.
- Company category: If you work in a PSU or a big company, you may get a better offer on personal loan.
- Loan amount and tenure: Interest rate may change for larger loan amount or longer tenure.
Disclaimer: The interest rates, charges and rates mentioned are indicative and subject to change at the discretion of the bank. Always verify the details once by visiting the SBI branch before applying for the loan.
