Salaried customers with a minimum Rs. 15,000 are eligible for ₹2.5 lakh personal loan. State Bank of India (SBI) provide ₹35 lakhs loan for seamless borrowing experience. You can borrow SBI personal loan online and offline.
SBI Personal Loan Details
| Loan Amount | Up to 35 Lakh |
| Interest Rate | 10.30% to 15.30% p.a. |
| Processing Fees | Up to 1.5% + GST |
| Loan Tenure | 84 months |
| Minimum Salary | 15,000/- per month |
Features of SBI Personal Loan
- Borrow an SBI personal loan at a lower interest rate of 10.30% p.a.
- If you have a minimum salary of Rs. 15,000, you are eligible for an SBI personal loan.
- You can apply for a loan online without going branch.
- SBI ensures up to 84 months of loan repayment tenure.
- Get a maximum loan amount of up to 35 lakh based on your salary income.
Also Read: Personal Loan without Salary Proof at 12K Salary
SBI ₹2.5 Lakh Personal Loan Eligibility
Borrow a personal loan from SBI, depending on the following eligibility:
- Applicant’s minimum salary must be Rs. 15,000.
- Employees should fall under the government sector.
- Borrower credit history score -1 or 720+ is needed.
- Your EMI/NMI ratio should not be more than 50%.
Documents for SBI Personal Loan
| Identity Proof | Pan Card / Aadhaar Card / Voter Card / Passport |
| Address Proof | Electricity bill / Aadhaar Card / Property Tax |
| Income Proof | 6 month Bank Statement & Latest Salary Slip & Form 16 |
| Photo Copy | Passport- size photo of Applicant |
SBI Personal Loan Fees & Charges
| Interest Rates | 10.30% – 15.30% p.a. |
| Loan terms | Up to 7 years |
| Cheque Bounce Charges | Rs. 250/- |
| Processing Fees | Processing fee up to 1.5% + GST Charge |
How to Get SBI ₹2.5 Lakh Personal Loan
You can borrow an SBI personal loan through the following steps:
Online From the YONO App:
Step 1: Log in to the YONO application.
Step 2: Directly go to the “Loan” section.
Step 3: Now select the “Personal Loan” tab.
Step 4: Apply with your basic details and check eligibility
Pre-approved Offer:
Step 1: An Existing SBI customer can check a pre-approved personal loan.
Step 2: Check the offer from the YONO app or through net banking.
Step 3: Now choose the “pre-approved personal loan” section.
Step 4: Check your eligibility by filling up your details.
Offline Process:
Step 1: Visit the SBI nearest branch.
Step 2: Discuss your salary and requirements.
Step 3: Fill application form and attach your documents.
Step 4: Submit your application form to the branch manager.