How to apply for a personal loan from SBI: Offline and online methods explained

Applying online via SBI’s website If you are an existing customer, the easiest way to apply is online on the SBI website. Visit the personal loans page, choose the loan product, and click 'Apply Now.' You will need to enter your details, upload your documents, and wait for authentication. Once approved, the money is credited to your account, typically in a matter of hours. The entire process is done online and without you having to visit a branch.

Applying online via SBI’s websiteIf you are an existing customer, the easiest way to apply is online on the SBI website. Visit the personal loans page, choose the loan product, and click 'Apply Now.' You will need to enter your details, upload your documents, and wait for authentication. Once approved, the money is credited to your account, typically in a matter of hours. The entire process is done online and without you having to visit a branch.

loans of up to ₹2.5 lakh without documentation." width="378" height="213" /> Using the YONO SBI appSBI customers can even avail of the loan on the YONO application. Login and select 'Loans'. You may have pre-approved offers. Provide PAN, date of birth, and email for authentication. Select the loan amount, EMI date, and term. On digitally signing the loan paper and OTP verification, the amount gets credited instantly—particularly for pre-approved loans of up to ₹2.5 lakh without documentation.

personal loan application form and submit it along with KYC documents like Aadhaar, PAN card, income proof in the form of salary slips or bank statements, and photos. After verifying your eligibility, the branch sanctions your application. Your loan amount gets credited in your linked SBI account on sanction. This is the best option for non-tech savvy people." width="378" height="213" /> Offline application in a branchIf offline is an option, visit the nearest SBI branch. Ask for a personal loan application form and submit it along with KYC documents like Aadhaar, PAN card, income proof in the form of salary slips or bank statements, and photos. After verifying your eligibility, the branch sanctions yourapplication. Your loan amount gets credited in your linked SBI account on sanction. This is the best option for non-tech savvy people.

Interest rates and loan termAs of 2025, SBI personal loan rates range from 10.30% to 15.30% per annum, depending on your salary, credit score, and other loan product. SBI Xpress Credit loans, as given to salaried clients holding salary accounts in SBI, range from 11.45% to 14.60%. Loan amount up to ₹20 lakh with the tenure of 6 months to 6 years, thus becoming a good option for short-term as well as medium-term needs.

Eligibility and documentationSalaried employees, pensioners, and individuals with a regular income are eligible for SBI personal loans. The lowest salary is varied with schemes, but you will typically have to earn a minimum of ₹15,000 per month. You will also have to provide proof of identity and residence, proof of income, and recent passport-size photographs. A good credit rating (typically 700 and above) will help it to become easier for you to receive better rates and quicker clearance. Co-applicants can be included to make you more eligible.

What to think about before applyingPlan in advance how much EMI you can pay without putting your finances under strain. Plan better using the SBI EMI calculator. Don't forget that late payment will hurt your credit record and activate penalties. Keep yourself updated with processing fees, prepayment charges, and insurance terms that accompany it. If you are pre-approved for a loan through YONO, then it's the fastest option. But go through the terms of the loan carefully before applying.