Sbi Personal Loan — Full Guide
Overview
SBI personal loan rates start at 11.05% per annum — among the more competitive rates from a public sector bank, though private lenders on GoCredit's platform begin as low as 10.5%. If you're weighing an SBI personal loan against other options, the right answer depends on your CIBIL score, the amount you need, and how fast you need the money. This guide breaks down exactly what SBI offers, who qualifies, and where it fits against 22 other lenders.
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What Is Sbi Personal Loan?
An SBI personal loan is an unsecured loan offered by State Bank of India — meaning no collateral, no guarantor, just your income and credit profile determining what you get. You borrow a lump sum and repay it in fixed monthly instalments over an agreed tenure.
Here's what the SBI personal loan product looks like in numbers:
- **Loan amount:** Up to ₹20 lakh - **Interest rate:** 11.05% – 14.56% per annum - **Processing fee:** 1% of the loan amount - **Minimum CIBIL score:** 650 - **Disbursal time:** 3–5 working days
SBI personal loan rates sit at the lower end of the market — most private lenders start above 10.5% and can go well past 20%. That spread matters over a 3–5 year tenure.
**Who typically takes an SBI personal loan?**
- Salaried government or PSU employees who qualify for SBI's preferential pricing - Existing SBI account holders looking for faster processing - Borrowers with a CIBIL score of 650+ who want a bank-backed lender over an NBFC - Anyone consolidating high-interest debt into a single, lower-rate EMI
The SBI bank personal loan is not the fastest option on the market — private lenders like HDFC Bank disburse in 24 hours versus SBI's 3–5 working days. But if rate is your priority over speed, the SBI personal loan is worth comparing seriously.
Before applying, check your eligibility and compare the SBI online personal loan interest rate against other lenders — a difference of even 1–2% changes your total repayment by thousands over a 4-year tenure.
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Sbi Online Personal Loan Interest Rate — Rate + EMI Chart
The **SBI online personal loan interest rate** runs from **11.05% to 14.56% per annum** — one of the tightest bands among major lenders, which means your rate won't swing wildly based on internal credit scoring. Processing fee is 1% of the loan amount.
### EMI Chart — ₹5 Lakh Loan at SBI Rates
| Tenure | Rate | Monthly EMI | Total Interest Paid | |--------|------|-------------|---------------------| | 12 months | 11.05% | ₹44,194 | ₹30,328 | | 24 months | 11.05% | ₹23,304 | ₹59,296 | | 36 months | 11.05% | ₹16,369 | ₹89,284 | | 60 months | 14.56% | ₹11,754 | ₹2,05,240 |
Longer tenures lower your monthly outgo but significantly increase total interest paid. A 36-month term at the floor rate costs roughly ₹89K in interest; stretch to 60 months at the ceiling rate and that jumps past ₹2 lakh.
### How SBI's Rate Compares
| Lender | Rate Range | Max Amount | |--------|-----------|------------| | HDFC Bank | 10.50% – 24.00% | ₹40 lakh | | ICICI Bank | 10.65% – 16.00% | ₹50 lakh | | **State Bank of India** | **11.05% – 14.56%** | **₹20 lakh** | | Kotak Mahindra Bank | 10.99% – 24.00% | ₹35 lakh |
The **SBI online personal loan interest rate** ceiling (14.56%) is far lower than most private lenders — but SBI's ₹20 lakh cap and 3–5 working day disbursal are real constraints. If you need faster funds or a higher amount, comparing across lenders via GoCredit's platform shows the full picture. See also: [how personal loan interest rates work](/hi/personal-loan-interest-rate-kitna-hota-hai).
Hdfc Personal Loan — Full Guide
HDFC Bank is one of the most-searched personal loan options in India, and for good reason. An **HDFC personal loan** offers up to ₹40 lakh with same-day disbursal — a combination few lenders match.
**Key numbers at a glance:**
| Parameter | HDFC Bank | |---|---| | Interest rate | 10.5% – 24% p.a. | | Maximum loan amount | ₹40,00,000 | | Processing fee | Up to 2.5% of loan amount | | Minimum CIBIL score | 700 | | Disbursal time | 24 hours |
**Who typically qualifies:**
- Salaried employees with a stable monthly income - CIBIL score of 700 or above - Age between 21 and 60 years - Existing HDFC Bank account holders often get faster approvals
**Documents you'll generally need:**
- PAN card and Aadhaar - Last 3 months' salary slips - Last 6 months' bank statements - Employment ID or offer letter
HDFC's rate range (10.5%–24%) is wider than SBI's 11.05%–14.56% ceiling, which means your final rate depends heavily on your credit profile and income. Borrowers with CIBIL scores above 750 and clean repayment histories tend to land closer to the 10.5% floor.
One practical note: the processing fee of up to 2.5% is deducted upfront from the disbursed amount. Factor this into your actual cost of borrowing before comparing offers.
Want to see how HDFC's EMI stacks up across tenures? Check our [personal loan EMI calculator](/blog/how-to-apply-for-personal-loan-online-india) before you apply.
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Sbi Bank Personal Loan — Full Guide
SBI Bank personal loan sits at the conservative end of the personal loan market — low rates, moderate loan sizes, and a slower disbursal timeline than private-sector banks.
**Key numbers at a glance:**
- **Rate range:** 11.05% – 14.56% p.a. - **Maximum loan amount:** ₹20 lakh - **Minimum CIBIL score:** 650 - **Processing fee:** 1% of loan amount - **Disbursal time:** 3–5 working days
That rate ceiling of 14.56% is genuinely competitive. HDFC Bank goes up to 24%, Bajaj Finserv up to 34%. If your CIBIL score qualifies and you can wait a few extra days, SBI's pricing is hard to beat.
**Where SBI works well:**
- Government and PSU employees who already bank with SBI - Borrowers with a CIBIL score between 650–699 (private banks often require 700+) - Anyone who prioritises low interest over fast disbursal
**Where it falls short:**
- ₹20 lakh cap rules it out for larger requirements (ICICI and HDFC go up to ₹50 lakh and ₹40 lakh respectively) - 3–5 working days is slow if you need funds urgently - Branch-heavy process — online applications exist but approval often requires in-person steps
**Compared to other lenders:**
| Lender | Min Rate | Max Amount | Min CIBIL | Disbursal | |---|---|---|---|---| | SBI | 11.05% | ₹20L | 650 | 3–5 days | | HDFC Bank | 10.5% | ₹40L | 700 | 24 hrs | | ICICI Bank | 10.65% | ₹50L | 700 | 24–48 hrs | | Bajaj Finserv | 11.0% | ₹40L | 685 | 24 hrs |
If you're comparing lenders before applying, check [how to apply for a personal loan online in India](/blog/how-to-apply-for-personal-loan-online-india) to understand what documents each lender typically requires before you commit.
Sbi Personal Loan Interest Rate — Rate + EMI Chart
The **SBI personal loan interest rate** sits between **11.05% and 14.56% p.a.** — one of the tightest bands among public-sector lenders. That narrow ceiling means predictable EMIs, but your exact rate still depends on your CIBIL score, income, and employer category.
## Rate snapshot
| Profile | Approx. Rate | |---|---| | Govt. employee, CIBIL 750+ | 11.05% – 11.80% | | Salaried private, CIBIL 700–749 | 12.00% – 13.00% | | Salaried private, CIBIL 650–699 | 13.00% – 14.56% |
## EMI chart — ₹5 lakh loan
| Tenure | @ 11.05% | @ 13.00% | @ 14.56% | |---|---|---|---| | 12 months | ₹44,191 | ₹44,612 | ₹45,011 | | 24 months | ₹23,274 | ₹23,706 | ₹24,115 | | 36 months | ₹16,364 | ₹16,805 | ₹17,222 | | 60 months | ₹10,870 | ₹11,333 | ₹11,770 |
*EMIs are indicative. SBI's maximum loan amount is ₹20 lakh with a processing fee of 1% of the loan amount.*
The sbi personal loan interest rate stays capped at 14.56%, which makes total interest cost significantly lower than NBFCs that can charge up to 36%. If you're comparing across lenders, check the [full personal loan interest rate guide](/hi/personal-loan-interest-rate-kitna-hota-hai) for a side-by-side view.
One tradeoff: SBI typically disburses in **3–5 working days** — slower than HDFC Bank's 24-hour turnaround. If speed matters more than rate, that's a real consideration.
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Hdfc Bank Loan Calculator Personal Loan — Rate + EMI Chart
The HDFC bank loan calculator personal loan tool on HDFC's site runs the same underlying math as any standard EMI formula. Understanding the inputs — rate, amount, tenure — tells you exactly what to expect before you apply.
**HDFC Personal Loan: Key parameters**
- Rate range: 10.5% – 24% p.a. - Maximum loan amount: ₹40,00,000 - Minimum CIBIL score: 700 - Processing fee: Up to 2.5% of loan amount - Disbursal: Within 24 hours
**EMI chart — ₹5 lakh loan across tenures and rates**
| Tenure | @ 10.5% p.a. | @ 15% p.a. | @ 24% p.a. | |--------|-------------|------------|------------| | 12 months | ₹44,094 | ₹45,133 | ₹47,424 | | 24 months | ₹23,189 | ₹24,244 | ₹26,534 | | 36 months | ₹16,246 | ₹17,333 | ₹19,688 | | 60 months | ₹10,747 | ₹11,895 | ₹14,261 |
*EMIs are indicative. Actual figures depend on your credit profile and HDFC's internal pricing.*
What changes at each threshold: a borrower at 10.5% on a 36-month ₹5 lakh loan pays roughly ₹84,000 less in total interest than one priced at 24%. That gap is the cost of a lower CIBIL score or a less stable income profile.
Use the HDFC bank loan calculator personal loan tool to stress-test different tenures before locking in. A 60-month term cuts your monthly outflow but increases total interest paid — compare both before deciding.
If you're also evaluating SBI, the SBI personal loan rate band runs 11.05%–14.56%, which sits narrower than HDFC's spread but caps at ₹20,00,000.
Hdfc Bank Personal Loan Calculator — Rate + EMI Chart
Use the **HDFC Bank personal loan calculator** to work out your EMI before you apply — it removes guesswork and tells you exactly what each tenure costs at HDFC's rate band of **10.5%–24%**.
**Representative EMI table — ₹5 lakh loan, HDFC Bank**
| Tenure | @ 10.5% (best-case) | @ 17% (mid-range) | @ 24% (higher-risk) | |--------|--------------------|--------------------|----------------------| | 12 months | ₹44,194 | ₹45,617 | ₹47,073 | | 24 months | ₹23,154 | ₹24,628 | ₹26,154 | | 36 months | ₹16,253 | ₹17,822 | ₹19,453 | | 60 months | ₹10,747 | ₹12,476 | ₹14,347 |
*EMIs are indicative. Your actual rate depends on credit score, income, and employer category.*
**What moves your rate inside HDFC's 10.5%–24% band:**
- **CIBIL score** — HDFC requires a minimum of 700; scores above 750 typically land closer to 10.5% - **Employer type** — salaried employees at listed companies get preferential pricing - **Loan amount** — larger amounts (₹10L+) often attract sharper rates than smaller tickets - **Existing relationship** — salary account or existing loan with HDFC can pull the rate down
**Processing fee:** Up to 2.5% of the loan amount, deducted upfront — factor this into your total cost, not just the EMI.
Running the **HDFC Bank personal loan calculator** with your actual loan amount and expected tenure takes under two minutes. Once you have the EMI figure, compare it against offers from other lenders on GoCredit — ICICI Bank starts at 10.65% and SBI at 11.05% — before committing.
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Hdfc Bank Personal Loan Interest Rate — Rate + EMI Chart
The **HDFC Bank personal loan interest rate** runs from **10.5% to 24% per annum**, depending on your credit profile, income, and employer category. HDFC disburses within 24 hours for pre-approved customers — one of the faster turnarounds among large banks.
### EMI Table — HDFC Bank Personal Loan @ Key Rate Bands
| Loan Amount | Rate | 2-Year EMI | 3-Year EMI | 5-Year EMI | |-------------|------|------------|------------|------------| | ₹3,00,000 | 10.5% | ₹13,923 | ₹9,736 | ₹6,448 | | ₹3,00,000 | 17% | ₹14,827 | ₹10,693 | ₹7,461 | | ₹3,00,000 | 24% | ₹15,769 | ₹11,692 | ₹8,538 | | ₹10,00,000 | 10.5% | ₹46,408 | ₹32,453 | ₹21,494 | | ₹10,00,000 | 17% | ₹49,424 | ₹35,644 | ₹24,869 | | ₹10,00,000 | 24% | ₹52,563 | ₹38,974 | ₹28,458 |
*EMIs are indicative. Actual figures depend on disbursement date and processing fee deductions.*
### What moves your rate within the HDFC band
- **CIBIL 750+, salaried at a listed company:** closer to 10.5% - **CIBIL 700–749, private-sector salaried:** typically 14–18% - **CIBIL below 700:** HDFC generally declines; consider lenders like Fullerton India (min CIBIL 650) - **Processing fee:** up to 2.5% of the loan amount, deducted upfront
The **HDFC Bank personal loan interest rate** ceiling of 24% is meaningfully lower than Bajaj Finserv (up to 34%) or Fullerton India (up to 36%) — worth comparing if your score sits in the 700–720 range.
Maximum loan amount is ₹40,00,000 with tenures from 3 to 96 months.
Hdfc Loan Calculator Personal Loan — Rate + EMI Chart
Use the **HDFC loan calculator personal loan** to map your exact EMI before you apply. HDFC Bank's rate range is 10.5%–24% p.a., and where you land in that band depends on your CIBIL score, income, and employer profile.
**EMI chart — HDFC Bank personal loan at key rate bands**
| Loan Amount | Rate (p.a.) | Tenure | Monthly EMI | |-------------|-------------|--------|-------------| | ₹3,00,000 | 10.5% | 36 months | ₹9,748 | | ₹3,00,000 | 17% | 36 months | ₹10,696 | | ₹5,00,000 | 10.5% | 60 months | ₹10,747 | | ₹5,00,000 | 17% | 60 months | ₹12,394 | | ₹10,00,000 | 10.5% | 60 months | ₹21,494 | | ₹10,00,000 | 24% | 60 months | ₹26,940 |
*EMIs are indicative. Final figures depend on your approved rate.*
What changes your rate most:
- **CIBIL 750+** — you're in range for 10.5%–13% territory - **CIBIL 700–749** — expect 14%–18%, depending on income stability - **Below 700** — HDFC approval is unlikely; consider Fullerton India (from 11.99%) or Bajaj Finserv (from 11%)
HDFC's processing fee runs up to 2.5% of the loan amount — factor that into your total cost, not just the EMI.
Run the **hdfc loan calculator personal loan** on GoCredit to see your personalised rate alongside offers from 22+ lenders. If your HDFC EMI looks steep at 24%, an SBI personal loan (11.05%–14.56%) or ICICI Bank (10.65%–16%) may cost less over the same tenure.
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Apply for Sbi Personal Loan Online
You've compared HDFC Bank rates and EMI charts through this post. Before you apply, it's worth checking whether an **SBI personal loan** fits your profile better — SBI's rates run from 11.05% to 14.56%, narrower and often lower than many private lenders.
Here's what the SBI personal loan offers at a glance:
- **Rate range:** 11.05% – 14.56% p.a. - **Maximum amount:** ₹20 lakh - **Minimum CIBIL score:** 650 - **Processing fee:** 1% of loan amount - **Disbursal:** 3–5 working days
The SBI personal loan suits borrowers who prioritise a low, predictable rate over fast disbursal. If speed matters more, lenders like HDFC Bank (24-hour disbursal) or ICICI Bank (10.65%–16%) may be a stronger match. GoCredit compares 22 integrated lenders — including SBI — so you see real offers against your actual credit profile, not advertised minimums.
**One step:** Visit [gocredit.money](https://gocredit.money), enter your income and CIBIL score, and get matched offers across lenders in minutes. The SBI online personal loan interest rate you're quoted will reflect your profile — not a range. Checking eligibility does not affect your credit score.
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