SBI Personal Loan (Xpress Credit) 2026
India’s largest bank lends mainly to its own salary-account customers through Xpress Credit, with a fully digital version (RTXC) on the YONO app. Interest rate 10.00% – 15.00%, loan ₹1 lakh – ₹50 lakh (RTXC), tenure 6 – 84 months.
Rates as of Jun – Sep 2026 · Checked 27 September 2026SBI Personal Loan (Xpress Credit) at a glance
- Low processing-fee cap (₹15,000)
- Tenure up to 7 years keeps EMIs low
- Instant digital loan for salary-account holders
- Mainly for SBI salary-account customers
- Prepayment terms differ between sources — check the KFS
SBI personal loan interest rate & charges
| Feature | SBI |
|---|---|
| Interest rate | 10.00% – 15.00% |
| Rate details | SBI’s Real-Time Xpress Credit page says “starting from 10.00% p.a.”; the 10.00% – 15.00% band is from a secondary source (effective 30 Jun 2026). Pension Loan and Pre-Approved Personal Loan are priced separately. |
| Processing fee | 1.50% of loan (min ₹1,000, max ₹15,000) + GST |
| Loan amount | ₹1 lakh – ₹50 lakh (RTXC) |
| Tenure | 6 – 84 months |
| Prepayment / foreclosure | SBI’s RTXC page lists no prepayment penalty, but aggregators report 3% of the amount prepaid on fixed-rate Xpress Credit — confirm in your KFS |
| Who can apply | Salary account holders with SBI (government, defence, PSU and select corporate employees) |
| Loan limit | Up to 30× net monthly income, within SBI’s EMI-to-income (EMI/NMI) cap — up to 65% on RTXC |
| Penal charge | 2.40% p.a. on the irregular amount for up to 60 days; 5% p.a. beyond |
| Pension Loan fee | 1% (min ₹1,000, max ₹10,000) + GST |
Special schemes & features
Fully digital on YONO for salary-account customers, with instant disbursal
Offer based on your SBI account history, available in YONO
For SBI pensioners, tenure up to 7 years
Overdraft-style variant priced about 0.25% above Xpress Credit; pay interest on the amount used
Source: sbi.bank.in, Jun – Sep 2026. Rates are indicative; your rate depends on your profile. Always check the Key Facts Statement (KFS) for the APR before signing.
EMI at SBI’s rates
| Loan amount | EMI @ 10.00% | EMI @ 12.50% | EMI @ 15.00% |
|---|---|---|---|
| ₹2,00,000 | ₹4,249 | ₹4,500 | ₹4,758 |
| ₹5,00,000 | ₹10,624 | ₹11,249 | ₹11,895 |
| ₹10,00,000 | ₹21,247 | ₹22,498 | ₹23,790 |
Tenure 5 years, reducing-balance method. Total interest on ₹5,00,000 at 10.00%: ₹1,37,411.
SBI personal loan EMI calculator
Eligibility
- Salary account with SBI
- Net monthly income at least ₹20,000 (government/defence) or ₹25,000 (corporate)
- Loan within 30× net monthly income and SBI’s EMI/NMI cap
- Good repayment record with SBI and a healthy credit score
Documents required
- Identity proof: PAN (mandatory) plus Aadhaar, passport, voter ID or driving licence
- Address proof if different from ID
- Salaried: last 3 months’ salary slips, 3 – 6 months’ salary-account statement, Form 16 or latest ITR
- Self-employed: last 2 – 3 years’ ITR with computation of income, audited financials where applicable, 6 – 12 months’ bank statements, business registration (GST, Udyam, shop licence)
- Passport-size photograph (branch applications)
- Existing lenders’ sanction letters or statements if you are consolidating or transferring a loan
How to apply for SBI Personal Loan (Xpress Credit)
- Check your credit reportDownload your free report, fix errors and see what rate band you fall in.
- Compare offersCompare APR in the Key Facts Statement, fees and foreclosure terms — not just the headline rate.
- Apply on the lender’s own app, website or branchUse the bank’s official channels or its listed lending partners; never pay anyone a fee to “get the loan approved”.
- KYC and verificationAadhaar/PAN-based e-KYC or video KYC; income is verified from payslips, bank statements or account aggregator data.
- Sign KFS and agreementCheck APR, EMI schedule, foreclosure charge, penal charges and cooling-off period before e-signing.
- DisbursalMoney is credited directly to your bank account by the lender — never through a third party’s account.
SBI vs other lenders
| Lender | Rate | Processing fee | Tenure | EMI on ₹5,00,000 |
|---|---|---|---|---|
| Axis Bank Personal Loan | 9.99% – 21.55% | Up to 2% of loan + GST | 12 – 84 months | ₹10,621 |
| HDFC Bank Personal Loan | 9.99% – 24.00% | Up to ₹6,500 + GST | 12 – 60 months (up to 72–84 months for select segments) | ₹10,621 |
| ICICI Bank Personal Loan | 9.99% – 16.50% | Up to 2% of loan + GST | — | ₹10,621 |
| IDFC FIRST Bank Personal Loan (FIRSTmoney) | 9.99% onwards | 0% – 3.5% of loan (incl. GST); zero on select amounts | 9 – 60 months | ₹10,621 |
| SBI Personal Loan (Xpress Credit) | 10.00% – 15.00% | 1.50% of loan (min ₹1,000, max ₹15,000) + GST | 6 – 84 months | ₹10,624 |
| Bank of Baroda Personal Loan | 10.15% – 17.50% | Nil for government employees with BoB salary account; others 1% – 2% + GST (min ₹1,000, max ₹10,000) | Up to 84 months (salaried); 48 – 60 months (non-salaried) | ₹10,660 |
| YES Bank Personal Loan | 10.85% – 21.00% | Up to 2.5% of loan | 12 – 72 months | ₹10,834 |
| Kotak Mahindra Bank Personal Loan | 10.99% onwards | Up to 5% of loan + GST | 12 – 72 months | ₹10,869 |
Frequently asked questions
What is the SBI Personal Loan (Xpress Credit) personal loan interest rate?
SBI personal loan rates start at 10.00% and go up to 15.00% p.a. (as of Jun – Sep 2026). The rate you get depends on your credit score, income and loan details.
What is the EMI for ₹5,00,000 from SBI?
At 10.00% for 5 years the EMI is about ₹10,624, with total interest of ₹1,37,411.
What is the processing fee?
SBI: 1.50% of loan (min ₹1,000, max ₹15,000) + GST. GST at 18% applies on fees.
What is the maximum tenure?
SBI: 6 – 84 months.
Can I prepay or foreclose the loan?
SBI: SBI’s RTXC page lists no prepayment penalty, but aggregators report 3% of the amount prepaid on fixed-rate Xpress Credit — confirm in your KFS.
Can I get an SBI personal loan without an SBI salary account?
Xpress Credit and RTXC are designed for salary-account customers. Others may get a pre-approved offer based on their SBI relationship; otherwise compare other banks.
What is SBI Xpress Flexi?
An overdraft version of Xpress Credit: you get a limit and pay interest only on what you use. It is priced about 0.25% higher.
Information compiled from the lender’s published rates and reputable aggregators for comparison only. FinancePortal is not affiliated with SBI Personal Loan (Xpress Credit). Terms change — confirm with the lender.