SBI Personal Loan Interest Rate 2019

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SBI Personal Loan offers to fulfill all your financial needs without any kind of collateral or securities. SBI Personal Loan Interest Rate offered is quite attractive. With easy documentation and quick loan approval process, you enjoy SBI Personal Loan rate of Interest at an affordable range. You need to have a CIBIL score of at least 750 or more with stable & high-income source to avail SBI Personal Loan Interest Rate at a lower range. Based on your income, employment type, and credit history, SBI Personal Loan Interest Rate today prevails. Not only salaried employee, but pensioners also enjoy competitive SBI Personal Loan Interest Rate today. On top of that SBI Personal Loan Interest Rate for defence personnel is quite low and starts from 11.85%*. With processing fees and pre-closure charges, SBI Personal Loan Interest Rate 2019 starts from 11.9%*. The age limit for SBI Personal Loan Interest Rate 2019 range from 21 to 58 years for the employed applicant and up to 76 years for the pensioners. SBI Personal Loan rate of interest is quite low for both the account holders and non-account holders of SBI.

Documents Required For SBI Personal Loan

To avail SBI Personal Loan Interest Rate at a competitive range you need to have CIBIL Score of at least 750 or above. You need to submit very minimum documents to enjoy SBI Personal Loan Interest Rate 2019.

Following are the documentation needed-

  • Duly filled application form
  • Two passport size photograph
  • Last six months bank account statement
  • Salary Slip of the last 3 months
  • Copy of ITR file of the last two years
  • ID Proof- AADHAAR card, PAN card, Passport
  • Address Proof- Driving License, Utility bills like Electricity or Water bill, Voter ID Card
  • Check-off letter from the employer

SBI Personal Loan Rate of Interest of different schemes

Xpress Credit Scheme

For the Defense/Indian Coast Guard/Para-Military Salary Package Applicants

Term Loan

2 year MCLR Spread Over 2 year MCLR Effective Rate of Interest with no reset
8.65% 3.40%-3.90% 12.05%-12.55%

Overdraft Loan

2 year MCLR Spread Over 2 year MCLR Effective Rate of Interest with no reset
8.65% 3.90%-4.40% 12.55%-13.05%

Xpress Credit for Other Applicants

Term Loan

2 year MCLR Spread Over 2 year MCLR Effective Rate of Interest with no reset
8.65% 3.40%-5.40% 12.05%-15.05%

Overdraft Loan

2 year MCLR Spread Over 2 year MCLR Effective Rate of Interest with no reset
8.65% 3.90%-6.40% 12.55%-15.55%

Xpress Credit- IT Employees Scheme

2 year MCLR Spread Over 2 year MCLR Effective Rate of Interest with no reset
8.65% 4.80%-6.80% 13.45%-15.45%

Xpress ELITE Scheme- SBI Salary Package Account Holders

2 year MCLR Spread Over 2 year MCLR Effective Rate of Interest with no reset
8.65% 2.40%-3.90% 11.05%-12.55%

Xpress ELITE Scheme- Other than SBI Salary Package Account Holders

2 year MCLR Spread Over 2 year MCLR Effective Rate of Interest with no reset
8.65% 2.65%-4.15% 11.30%-12.80%

SBI Xpress- Non-Permanent Employees (NPEs)

Co-operative Institutes which are not covered under Unrated Corporates and Xpress Credit Loan Scheme

2 year MCLR Spread Over 2 year MCLR Effective Rate of Interest with no reset
8.65% 5.05%-6.65% 13.70%-15.30%

State/Central Government, Central & State PSUs, Educational Institutes, Defence Personnel

2 year MCLR Spread Over 2 year MCLR Effective Rate of Interest with no reset
8.65% 4.30%-6.40% 12.95%-15.05%

Xpress POWER Scheme

Overdraft Facility

2 year MCLR Spread Over 2 year MCLR Effective Rate of Interest with no reset
8.65% 4%-5.65% 12.65%-14.30%

Term Loan

2 year MCLR Spread Over 2 year MCLR Effective Rate of Interest with no reset
8.65% 3.50%-5.15% 12.15%-13.80%

Other Unsecured Personal Loans

Scheme 1 Year MCLR Spread Over 1 Year MCLR Effective Rate of Interest with no reset
Pre-Approved Personal Loans (PAPL) 8.55% 5.60% 14.15%
Scheme 2 Year MCLR Spread Over 2 Year MCLR Effective Rate of Interest with no reset
SBI Pension Loan 8.65% 3.35% 12%
Xpress Credit Insta Top-Up 8.65% 3.50% 12.15%
Clean Overdraft 8.65% 8.65% 17.10%

Apply Personal Loan Online at Lowest Interest Rate Upto Rs. 40 Lacs

*Salary account or relational bank
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Loan Duration: 12 - 60 months*   T&C Apply*

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