Introduction to SBI Personal Loan 2025
The State Bank of India (SBI) offers a seamless online personal loan application process, allowing individuals to access funds for various purposes such as medical emergencies, education, travel, or home renovation. With competitive interest rates starting from 10.05% per annum, SBI ensures that borrowers can avail themselves of financial assistance with ease and convenience.
Why Choose SBI Personal Loan Online?
- ✅ Instant approval and disbursal through the YONO app
- ✅ Competitive interest rates starting from 10.05% p.a.
- ✅ Flexible loan amounts ranging from ₹25,000 to ₹20 lakh
- ✅ Tenure options up to 6 years
- ✅ Minimal documentation requirements
- ✅ No collateral or guarantor needed
- ✅ Transparent processing fees
Eligibility Criteria
To be eligible for an SBI Personal Loan Online, applicants must meet the following criteria:
- Age between 21 to 58 years
- Minimum monthly income of ₹15,000
- Employed with a reputed organization or a pensioner
- Good credit history with a CIBIL score of 750 or above
- For salaried individuals, a minimum of 1 year of work experience
Required Documents
Applicants need to provide the following documents:
- Proof of identity (Aadhaar card, PAN card, passport)
- Proof of address (utility bills, rental agreement)
- Recent passport-sized photographs
- Bank statements for the last 3 months
- Salary slips for the last 3 months
- Form 16 or Income Tax Returns (if applicable)
How to Apply for SBI Personal Loan Online
Applying for an SBI Personal Loan Online is a straightforward process:
- Download and install the YONO SBI app from the App Store or Google Play Store.
- Log in using your SBI credentials or register if you're a new user.
- Navigate to the 'Loans' section and select 'Personal Loan'.
- Fill in the required details and upload the necessary documents.
- Review your application and submit it for processing.
- Upon approval, the loan amount will be credited directly to your account.
Top 10 Best Personal Loan Apps & Banks in 2025
Explore other top-rated personal loan providers offering competitive interest rates and flexible terms:
1. HDFC Bank Personal Loan
Description: HDFC Bank offers quick personal loans with minimal documentation and competitive interest rates.
Benefits: Fast approval, flexible repayment options, and attractive interest rates.
Eligibility: Salaried individuals aged 21–60 years with a minimum monthly income of ₹15,000.
2. ICICI Bank Personal Loan
Description: ICICI Bank provides personal loans with flexible tenures and quick disbursal.
Benefits: Easy documentation, instant approval, and attractive interest rates.
Eligibility: Salaried individuals aged 23–58 years with a minimum monthly income of ₹20,000.
3. Axis Bank Personal Loan
Description: Axis Bank offers personal loans with flexible repayment options and competitive interest rates.
Benefits: Quick processing, minimal documentation, and attractive interest rates.
Eligibility: Salaried individuals aged 21–60 years with a minimum monthly income of ₹15,000.
4. Bajaj Finserv Personal Loan
Description: Bajaj Finserv provides personal loans with easy documentation and quick disbursal.
Benefits: Flexible repayment options, attractive interest rates, and minimal documentation.
Eligibility: Salaried individuals aged 21–60 years with a minimum monthly income of ₹20,000.
5. Kotak Mahindra Bank Personal Loan
Description: Kotak Mahindra Bank offers personal loans with flexible tenures and competitive interest rates.
Benefits: Quick processing, easy documentation, and attractive interest rates.
Eligibility: Salaried individuals aged 21–58 years with a minimum monthly income of ₹15,000.
6. IDFC First Bank Personal Loan
Description: IDFC First Bank provides personal loans with minimal documentation and quick approval.
Benefits: Flexible repayment options, attractive interest rates, and minimal documentation.
Eligibility: Salaried individuals aged 21–60 years with a minimum monthly income of ₹20,000.
7. Standard Chartered Bank Personal Loan
Description: Standard Chartered Bank offers personal loans with flexible tenures and competitive interest rates.
Benefits: Quick processing, easy documentation, and attractive interest rates.
Eligibility: Salaried individuals aged 21–58 years with a minimum monthly income of ₹15,000.
8. Yes Bank Personal Loan
Description: Yes Bank provides personal loans with minimal documentation and quick disbursal.
Benefits: Flexible repayment options, attractive interest rates, and minimal documentation.
Eligibility: Salaried individuals aged 21–60 years with a minimum monthly income of ₹20,000.
9. Tata Capital Personal Loan
Description: Tata Capital offers personal loans with flexible tenures and competitive interest rates.
0 Benefits: Quick approval, flexible EMIs, and minimal documentation. Eligibility: Salaried individuals aged 21–60 years with a stable income.
10. IndusInd Bank Personal Loan
Description: IndusInd Bank provides personal loans with fast online processing and low interest rates.
Benefits: Instant approval, flexible repayment tenures, minimal documentation required.
Eligibility: Salaried or self-employed individuals aged 21–58 years with a good credit score.
Advantages of SBI Personal Loan 2025
- Instant approval and quick disbursal via YONO app or online banking.
- Lowest EMI options to suit your monthly budget.
- No collateral required, making it a hassle-free process.
- Flexible repayment tenures ranging from 12 months to 72 months.
- Special schemes for salaried employees, pensioners, and NRI customers.