SBI Personal Loan Interest Rates 2022 (9.60% P.A.)- GetLoanOffer

SBI provides lower interest rates on a personal loan from 8.50% to 15.65% per annum. You can get Rs. 25,000 to Rs. 20 lakh loan from SBI.

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SBI Personal Loan Interest Rate

Interest Rate	8.50% – 15.65% per annum
Loan Tenure	Up to 84 months
Processing Fee	1.5% of loan amount + GST
Loan Amount	Rs. 25,000 to 20 Lakh
Minimum Income	Rs. 15,000
Age of Loan Eligible	21 to 58 years
Cibil Score	Minimum Cibil Score Need 700
Extra Features	No hidden cost, Overdraft Loan, Higher loan amount

Also Read: SBI e-Mudra Loan

SBI provides a different type of personal loan in 2022. They are:

SBI offering Kavach a loan for the covid positive patient. If you or your family member are covid positive, you will get the loan.

Loan Amount	From Rs. 25,000 to Rs. 5 Lakhs
Interest Rate	8.50% at present
Tenure	60 months (57 EMI to be paid)
Processing Fee	NIL
Minimum Income	Not mentioned
Age	Not required
Features	Target Customer: Customers of the bank include salaried, non-salaried, and pensioners. Loan facility: Term Loan Disbursement: Credit to the customer’s salary/pension/current/ savings account. Processing fee: NIL Security: NIL Pre-payment Penalty: NIL Foreclosure Charges: NIL A positive COVID report is necessary (Not older than 30 days)

SBI offers a retired loan for a retired person. Full-fill your dreams through SBI retired pension loan.

Loan Amount	Up to 14 lakh
Interest Rate	9.75%-10.25% per annum
Tenure	Up to 84 month
Processing Fee	Low Processing Fee
Minimum Income	Rs. 25,000
Age	The pensioner must be younger than 76 years old.
Features	Low Processing Fees No hidden costs Quick loan processing Easy EMI System Minimum Documents required Apply from all SBI branches.

Fulfill your basic needs like weddings, travels, and emergencies through SBI Xpress credit personal loan.

Loan Amount	Up to 20 lakh
Interest Rate	For Central and State Government, Quasi-Government, Central Public Sector Undertakings, State Public Sector Undertakings, Defense Personnel, and Nationally Recognized Educational Institutions- 11.50% to 13.60% per annum. Co-operatives/Institutions that are not covered by the normal Xpress Credit-lending scheme, as well as Unrated Corporate: 12.25% to 13.85% per annum.
Tenure	From 6 months to 6 years.
Processing Fee	Low Processing Fee
Minimum Income	Rs. 15,000
Age	21 to 58 years
Features	Interest in daily reducing balance. Low processing charges. Minimal documentation. No hidden cost. Reserve for a second loan. No security or no guarantor need.

Also Read: SBI home loan apply

You can get a pre-approved personal loan from SBI. You can apply for the pre-approved loan from the YONO app.

Loan Amount	Up to 20 lakh
Interest Rate	For Central and State Government, Quasi-Government, Central Public Sector Undertakings, State Public Sector Undertakings, Defense Personnel, and Nationally Recognized Educational Institutions- 11.50% to 13.60% per annum. Co-operatives/Institutions that are not covered by the normal Xpress Credit-lending scheme, as well as Unrated Corporate: 12.25% to 13.85% per annum.
Tenure	From 6 months to 6 years.
Processing Fee	Low Processing Fee
Minimum Income	Rs. 15,000
Age	21 to 58 years
Features	Interest in daily reducing balance. Low processing charges. Minimal documentation. No hidden cost. Reserve for a second loan. No security or no guarantor need.

Get a quick personal loan that fulfills your basic needs. SBI offers emergency loans for a wedding, travel, etc.

Loan Amount	Up to 20 lakh
Interest Rate	10.85% – 12.85% Per annum
Tenure	From 6 months to 72 months
Processing Fee	1.50% of Loan amount +GST
Minimum Income	Rs. 15,000
Eligibility Age	21 to 58 years
Features	Interest on daily reducing balance Low processing charges Low-Interest Rate Minimal documentation No hidden cost. Reserve for a second loan No security or no guarantor need.

Yes, it is possible. You can get a lower interest rate on SBI personal loan. Follow these tips:

Maintain your previous credit history & cibil score. If you have a good cibil score, you can get a low-interest rate offer from SBI.
A pre-approved loan is the best option to get a lower interest rate. Check your YONO app to know the pre-approved loan offer.
If you are an old SBI customer, you can get a lower interest rate on a personal loan. It depends on your relation with SBI that is maintained through Savings or current accounts.
The FOIR is the ratio of your existing loan and credit card EMIs to your overall income. A lower FOIR indicates higher repayment capabilities, which can have a major impact on the SBI personal loan interest rate being given.
If you are an employee of a reputed company or you have long employment history, you can get a lower interest rate loan.
Fulfill every document before applying for a personal loan. If you have all the documents, you can get the chance of a lower interest rate loan offer.

Also Read: SBI offering up to Rs. 35 lakh loan

How to get a lower interest rate personal loan from SBI?

If you are a reputed company employee with, good credit history or good relations with the bank, you can get a lower interest rate.

Is it possible to get a personal loan from SBI Bank if you are not an SBI customer?

Yes, you can apply for SBI personal loan without previous relation to SBI.

How much GST will apply to my loan amount?

As per government regulation, 18% GST will apply to the total loan amount.

How much time was taken from SBI to get the loan?

It’s taking up to 7 days to get the loan from SBI.