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State Bank of India
State Bank of India offers competitively priced personal loans backed by a nationwide branch network.
Interest Rate
10.30% - 13.75%
Processing Fee
Up to 1.00% of loan amount
Max Loan Amount
Up to ₹40 Lakhs
Max Tenure
Up to 6 years
Key Benefits
Features
- Minimal documentation
- No collateral required
Special Offers
- Reduced rate for existing customers
Pros & Cons
Advantages
- Lower starting interest rate
- Wide branch network for in-person support
Considerations
- Documentation-heavy, slower processing than private banks
Eligibility
- Minimum age 21 years
- Minimum monthly income ₹15,000
- Stable employment history
Documents Required
- PAN card
- Aadhaar card
- Salary slips (3 months)
- Bank statements (6 months)
Frequently Asked Questions
Important Disclaimer
- All information provided is for reference purposes only and subject to change.
- Interest rates and fees are indicative and may vary based on your profile and market conditions.
- Loan approval is subject to the bank's terms and conditions and credit assessment.
- Processing-fee cashback, where applicable, is credited only after loan disbursal and unlocks upon EMI completion — it is not available for guest applications.
- Please verify all details with the bank before making any financial decisions.
Ready to apply with State Bank of India?
Get your processing fee back as cashback after disbursal.
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