SBI, a trusted and reputed bank, offers up to 20 lakh personal loans. Borrower gets SBI personal loan for 25000 salary with 11.15% ROI. The leading financial company provides flexible tenure of up to 6 years.
Use SBI personal loans for expenses like marriage, education, medical, travel, EMI payment, or other costs. Get your SBI personal loan with a 1.5% processing fee.
SBI Personal Loan on 25000 Salary
| Loan Amount | Up to 20 Lakh |
| Interest Rate | 11.15% to 14.30% p.a. |
| Tenure | 6 months to 72 months |
| Monthly Salary | Rs. 25,000 |
| Age of Applicant | 21 to 58 years |
Advantages of SBI Personal Loan for 25000 Salary
Flexible Term: SBI provides a flexible repayment term of 12 to 72 months. Customize your loan tenure to suit to repay the loan amount without defaulting.
Minimal Processing Fees: State Bank of India offers a processing fee of 1.5% of the loan amount which is low compared to other finance.
No Hidden Charges: The loan approval process is transparent. Get your SBI personal loan with zero hidden charges.
Competitive Interest: SBI finance is reliable for competitive interest rates. You can experience lower interest rates of 11.15% p.a.
Quick Disbursal: Get a personal loan within a period once the loan amount is approved. SBI ensures a quick disbursement process.
Maximum Loan Approval: Obtain the maximum loan amount from SBI Bank. Customize up to 20 lakh personal loans for your expenses.
Also Read: I Want 1000 Rupees Loan Urgently
Eligibility for SBI Personal Loan at 25000 Salary
Individuals with the following eligibility criteria apply for an SBI personal loan:
1. Employment Status: Borrower must be a salaried person of central and state government, PSU of central or state government, and a reputed company employee.
2. Salary Account: Applicant salary account must be with SBI bank.
3. Minimum Salary: The minimum salary of Rs. 15,000 should be credited to your SBI bank account.
4. Credit Score: The average credit score of 720+ or above is eligible for an SBI personal loan.
5. Age: Applicant age of at least 21 to 58 years is enough for a loan application.
SBI Personal Loan for 25000 Salary Calculator
Applicant must understand EMI (Equated Monthly Installment) of SBI personal loan. The EMI Calculator helps to properly understand how to access loan amounts.
A Personal Loan Eligibility Calculator allows users to know the loan eligibility and simplifies the calculation process. Input details such as loan amount, interest rate, and tenure to know your monthly EMI amount.
Documentation for 25000 SBI Salary Loan
Below documents lists are essential to get an SBI personal loan for a 25000 salary:
1. Proof of Identity: Aadhaar card, Pan card, passport, voter ID
2. Proof of Address: Rent agreement, utility bill, etc.
3. Income Proof: Latest 3 months salary slip, 6 months bank statement, and Form 16.
4. Identity Card: Copy of your employer identity card if required.
Compared Personal Loan Interest from Banks & NBFCs
| Lenders | Interest Rate (p.a.) | Salary | |
| WeRize | 16% to 18% p.a. | Rs. 12,000 | Apply Now |
| MoneyView | 1.33% per month | Rs. 13,500 | Apply Now |
| InCred | 11.49% to 18% p.a. | Rs. 15,000 | Apply Now |
| Fibe | 24% to 30% p.a. | Rs. 15,000 | Apply Now |
| IIFL Finance | 12.75% to 33.75% p.a. | Rs. 15,000 | Apply Now |
| Prefr | 18% to 36% p.a. | Rs. 18,000 | Apply Now |
| Finnable | 16% to 22% p.a. | Rs. 15,000 | Apply Now |
| IDFC | 12.50% to 18% p.a. | Rs. 15,000 | Apply Now |
| PaySense | 1.4% to 2.3% per month | Rs. 18,000 | Apply Now |
| Upward | 9% to 32% p.a. | Rs. 18,000 | Apply Now |
SBI Personal Loan Interest Rates
Generally, SBI personal loan comes with an 11.15% interest rate. However, SBI categorizes interest based on personal loan schemes. Check out the following SBI personal loan schemes with interest rates:
| SBI Personal Loan Schemes | Interest Rates (p.a.) |
| SBI Xpress Elite Scheme (Salary account holder with SBI Bank) | 11.15% to 11.65% p.a. |
| SBI Xpress Elite Scheme (Salary account holder with Other Bank) | 11.40% to 11.90% p.a. |
| SBI Xpress Flexi Scheme (Customer of Diamond Salary Package) | 11.40% to 14.55% p.a. |
| SBI Xpress Flexi Scheme (Customer of Platinum Salary Package) | 11.40% to 12.15% p.a. |
| SBI Xpress Credit (For Defense/Para-military/Indian Coast Guard) | 11.15% to 12.65% p.a. |
| SBI Xpress Credit (Central Govt./ State Govt./ Police / Railway/ Central Public Sector under RATNA Status) | 11.30% to 13.80% p.a. |
| SBI Xpress Credit(For Other Corporate Sector) | 12.30% to 14.30% p.a. |
| Pre-approved Personal Loans to non-CSP Customers | 13.80% to 14.30% p.a. |
| SBI Xpress Credit Insta Top-up Loans | 12.40% p.a. |
SBI 25000 Salary Personal Loan Charges
| Processing Charges | 1.5% of total loan amount + Tax |
| Prepayment Fee | 3% on prepaid amount + Tax |
| Pre-close Charge | NIL |
| Part -payment Fee | NIL |
| Late Charges | 2% per month |
Also Read: Personal Loan for Minimum 13000 Salary
Application Process of SBI Personal Loan at 25000 Salary
Easily apply for an SBI personal loan with the following process:
1. Online Application: You can directly visit the SBI official website fill out the application form and upload the necessary list of documents.
2. Branch Visit: Applicant can alternatively apply for an SBI loan through a branch visit. You can go to your nearest SBI branch with a complete documents list.
3. YONO App: The existing customer applies for SBI personal loan from SBI’s YONO app. Simply fill details application form and provide the necessary documents.
FAQs
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What is the maximum personal loan SBI offers?
SBI is offering a maximum of 20 lakh personal loans. You can customize the loan amount whenever needed.
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What is the interest rate of an SBI personal loan at 25000 salary?
State Bank of India provides various interest rates on different personal loan schemes. Generally, interest rates are between 11.15% to 14.30% p.a. available.
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What is the minimum salary required for an SBI personal loan?
The minimum salary of Rs. 15,000 is eligible for a State Bank of India personal loan.