State Bank of India Personal Loan — current rate (2026-05-04)
| Parameter | Value |
|---|---|
| Rate band | 11.15% – 14.3% p.a. |
| Processing fee | 1.5% + 18% GST |
| Bank type | Public-sector |
Rates sourced from public bank disclosures and last verified 2026-05-04. Use the calculator above with your specific principal, tenure, and the rate State Bank of India quotes for your credit profile.
How does the State Bank of India rate compare?
The all-India personal loan rate band is roughly 10.50%–24%. State Bank of India’s 11.15%–14.3% sits in the middle of the market. Always compare against 2–3 other lenders before committing — even small rate-gap differences compound substantially over long tenures.
Eligibility for State Bank of India personal loan
Standard Indian retail-loan checklist:
- Salaried with 2+ years of work history, or self-employed with 2+ years of ITR
- Net monthly income that puts your FOIR under 55%–60% after the new EMI
- CIBIL score 750+ for the best rate (650–749 may qualify with rate premium)
- KYC: PAN + Aadhaar + address proof
- Income proof: 3 months’ payslips + 6 months’ bank statements (or 2 years’ ITR for self-employed)