SBI PERSONAL LOANS

SBI Personal Loan

State Bank of India (SBI) is a government-owned bank and its the largest bank in India . State Bank of India (SBI) has a range of Personal Loan products, keeping in mind various segments of borrowers. SBI has 4 types of Personal Loans :Xpress Credit Personal Loan, SBI Saral Loan, SBI Festival Loans, Personal Loans to pensioners. By providing a few details about yourself, you can check your eligibility for an State Bank personal loan in seconds.

Eligibility Criteria:

  • Age 21 years to 58 years old
  • Salaried / Self -Employed with regular income
  • Earn more than the minimum income required
  • Minimum income required Rs.5,000 per month
  • Maximum allowed personal loan is Rs. 15,00,000 lakhs

Documentation required:

  • Proof of identity: Passport/voter ID card/driving license
  • Signed application form with photograph
  • Processing fee cheque
  • Last 3 months bank statement/6 months bank passbook
  • Documentation for salaried applicants:
    • Latest salary slip
    • Current dated salary certificate with the latest Form 16
  • Documentation for self-employed applicants:
    • Latest Bank statement
    • Latest ITR or Form 16

SBI Personal Loan Interest Rates

SBI Personal Loan Details

Interest Rate 12.90% to 14.90%
Processing Fees 0.5% of the Loan Amount + applicable tax
Loan Tenure 5 years
Pre-closure Charges 3% on prepaid amount
Guarantor Requirement No guarantor required

The State Bank of India is the largest public sector banks in India, with a nationwide network. SBI offers personal loans for both salaried and self-employed individuals to meet various needs. SBI personal loans don’t require any security, collateral or guarantor. Personal loans availed can be used for marriage expenses, holiday travel, medical issues, educational purposes or other miscellaneous expenses.

State Bank of India personal loans comes with Low processing fee, nil prepayment penalties and no hidden charges .

SBI personal loans can be taken for up to 12 times the net monthly income for salaried individuals and pensioners. Though this is subjected to a ceiling of Rs.10 Lakhs and a repayment tenure of 48 months. SBI has initiated a fast-turnarond system for quickly approving the Personal Loans.

SBI Personal Loan Interest Rate

SBI offers two kinds of Personal Loans, the floating rate and the fixed rate.

  • Floating Rate of Interest: The rate of interest is the prevailing 1-year MCLR on a daily reducing balance. The interest is reset every year. Based on revision in Interest rates the Bank accordingly reduces or increases the EMI or extend the repayment period or both.
  • Fixed Rate of Interest: Here the 2-year MCLR on the date of sanction on a daily reducing balance with monthly resets, is charged. The rate of interest doesn’t change for the entire tenure of the loan.
Particulars Salaried Self Employed
Interest Rate 11.90% onwards 12.40% onwards
Loan Tenure Maximum 5 years Maximum 5 years
Loan Amount
  • Minimum Rs.25,000
  • Maximum Rs.15 lakh
  • Minimum Rs.25,000
  • Maximum Rs.15 lakh
Processing Fee 1% of loan quantum 1% of loan quantum
Prepayment Charges 3% on prepaid amount 3% on prepaid amount

Documents required:

  • Fully filled loan application form.
  • Passport Size Photos (2 copies).
  • Income Tax PAN Copy.
  • Identity Proof – Driving License/ PAN/ Passport/ Voter ID.
  • Residential Address Proof – Registered Rent Agreement/ Passport/ Leave and License/ Utility Bill (up to 3 months old).
  • Income Documents – 2 years Form 16, 3-month pay slip, 3 months bank statement showing salary credit and any EMI debit.

SBI Personal Loan Eligibility

  • Age: Age plays an important role to know your eligibility and repayment capacity. SBI offers personal loans to salaried individuals who are at least 21 years old at the time of loan approval and maximum 58 years at the time of loan maturity.
  • Income: The personal Loan calculator calculates your eligibility based upon your income. Usually, banks set minimum levels of income to apply for a personal loan. SBI asks for net monthly income of minimum Rs. 24,000.
  • Job stability and Profession: Job stability is important to improve your status and eligibility for a personal loan from SBI. In case you are salaried, you must be in a full-time job for at least 24 months of which not less 12 month must be with your current company. If you are working with a reputed company, the probability of getting a personal loan from SBI increases as the income is considered to be more stable and bank offers low-interest personal loan to the employees of reputed companies.
  • CIBIL Score: Your past CIBIL history and repayment record of existing loans and credit cards has a direct impact on your personal loan eligibility. If you have a poor repayment record, then you may not get the loan but on the other side, a regular repayment record increases your personal loan eligibility.
  • Loan Amount: SBI gives your personal loan depending upon your income. SBI gives you an amount ranging from Rs. 10,000 to Rs. 1,500,000. To improve chances of approval, apply for a loan amount that you can comfortably service.
Type of personal loan Age Minimum loan amount Maximum loan amount
SBI Xpress Credit Personal Loan 21 to 58 years Rs.24,000 Rs.15 lakh
SBI Loan for Pensioners 60 to 76 years Rs.25,000 Maximum 10 months of pension for up to 14 lakhs
SBI Festival Loan 21 to 58 years Rs.5,000 Rs.50,000
SBI Saral Loan 21 to 58 years Rs.24,000 in metro cities Rs.10,000 in other places Rs.10 lakh

SBI Personal Loan Procedure

The process for taking a personal loan from SBI is very simple and quick. The documentation process is minimal and self-explanatory.

You will not be required to make arrangements for any collateral or guarantor or security to get a personal loan from SBI. A collateral or security refers to an asset which is given to the lender or bank before the loan is issued. It serves as a security where if the borrower misses the repayment deadlines several times, then the bank has the authority to seize the asset’s ownership from the borrower and sell it to someone else. This is done to recover the costs of the unpaid loan.

A guarantor is an individual who promises to repay the remaining loan amount when the borrower misses repayment deadlines due to any reason. When you go for any of the personal loan schemes offered by SBI, you need not worry about getting any guarantor. The bank sanctions a loan without a collateral and a guarantor.

  • You will need to pay a minimal fee as a processing fee for procuring a personal loan from SBI. It is usually 1.01% of your loan quantum. You will not have to pay any hidden charges during the application process.
  • You may also negotiate the interest rate for your SBI personal loan with a bank representative and then fix your interest rate for your EMIs.
  • You can go for a term loan or an overdraft limit on your present account with SBI.
  • The minimum loan amount varies according to the type of personal loan offered by SBI. You can choose your personal loan amount as per your convenience.
  • With SBI, you have the option of taking a 2nd Xpress loan if you have taken the 1st loan and repaid it completely on time. This Xpress loan is provided 1 year after you have obtained the 1st loan. You need to note that you will not be able to take any other personal loan after you procure these 2 loans from SBI.
  • You will be able to monitor the status of your SBI personal loan application properly at different stages.

SBI Personal Loan for Government Employees

SBI has a personal loan scheme for government employees exclusively known as the Xpress Credit Personal Loan. It is a loan facility offered by SBI to employees working in Central and State Government, State PSUs, Quasi Government, Central PSUs, educational institutions of national reputation, and certain corporates that do not have any business relationship with the bank and that do not have any ECR (Emigration Check Required); depending on terms and conditions.

Benefits of SBI Personal Loan for Government Employees

  • It offers low-interest rates and the interest is charged on a daily reducing balance.
  • You will not be asked to provide any security or collateral for this loan scheme.
  • You will not have to pay any administrative charge or hidden cost for this product offered by SBI.
  • The documentation process for this personal loan scheme is very quick and simple.
  • You can apply for this product online by visiting the official website of SBI or by checking out the BankBazaar website.

Features of SBI Personal Loan for Government Employees

Minimum term loan amount Rs.25,000
Minimum overdraft amount Rs.5 lakh
Maximum term loan amount 24 times NMI with a maximum of Rs.15 lakh
Maximum overdraft amount 24 times NMI with a maximum of Rs.15 lakh
Minimum NMI Rs.5,000
EMI or NMI ratio It should not be higher than 50%
Repayment period 60 months or residual service period, whichever is lesser
Penalty interest 2% p.a.
Prepayment charge 3% of prepaid amount
Processing fee 0.5% of the loan amount + service tax that will be applied
  • In the table given above, NMI refers to net monthly income.
  • For the overdraft facility from SBI Xpress Credit Personal Loan, there will be a decrease in the DP (drawing power) as the DP should become 0 in a period of 60 months.
  • School teachers will need to note that the highest loan quantum for them is capped at 12 months gross salary. This is applicable for both term loan and overdraft facility.
  • You will not have to pay any prepayment fee or foreclosure fee if you close your account with the funds of a new loan account that you would have opened under the same loan facility.

SBI Personal Loan for Pensioners

SBI offers an exclusive personal loan for pensioners who used to work in the Central or State government or the Defense forces. You can go for this loan product from SBI if your age is not more than 75 years. This loan will get processed very smoothly in a quick mode. You will need to visit the SBI bank branch to apply for this loan scheme. You will not be paying any hidden cost for this loan product.

SBI Personal Loan for Central and State Government Pensioners

  • Your age should be 76 years or lesser.
  • If an individual’s pension is offered by government treasuries through cheque which is drawn in any SBI bank branch according to the pensioner’s mandate, then this pensioner is also eligible for this loan product provided by SBI. In this case, the actual Pension Payment Order (PPO) will be retained with the custody of Treasury. The pensioner will give an instruction to the Treasury to make the pension payment via a certain bank branch.
  • Under this loan facility, the pensioner will need to provide a certain undertaking that cannot be withdrawn which states that he or she will not make any modifications to the instruction regarding the payment of pension to the particular bank branch.

Further, the treasury will respond to this undertaking by writing that it will not take any appeal from the pensioner to shift the payment of pension from the present bank (mentioned in the undertaking) to any other branch or any other bank until the present bank provides a No Objection Certificate (NOC).

  • Under this scheme, a guarantee will be given to the spouse or a certain third party. In this facility, the spouse of the pensioner is entitled to receive the family pension.

SBI Personal Loan for Defence Pensioners

If you are a pensioner who used to work in the armed forces, you can apply for this personal loan offered by SBI. Whether you worked with the Navy, Army, Air Force, Coast Guards, Assam Rifles, Paramilitary Forces (CISF, ITBP, CRPF, BSF, etc.), Rashtriya Rifles, you can obtain this loan scheme provided your Pension Payment Order is with SBI.

This loan scheme provided by SBI does not have any minimum age limit. Your age will need to be 76 years or lesser when you apply for this loan option.

SBI Personal Loan for Family Pensioners (including defence family pensioners)

A family pensioner is the spouse of a pensioner who can obtain the pension amount from the government or defence forces when the pensioner passes away. This is allowed if the family pensioner’s age is not higher than 76 years.

Features of loan for pensioners offered by SBI

Minimum loan amount Rs.25,000
Maximum loan amount Pension amount of 18 months with a ceiling of:
Age
72 years Rs.14 lakh
Greater than 72 years but not more than 74 years Rs.12 lakh
Greater than 74 years but not more than 76 years Rs.7.5 lakh

Defence pensioners

Minimum loan amount Rs.25,000
Maximum loan amount Pension amount of 36 months with a ceiling of Rs.14 lakh for pensioners whose age is up to 56 years.
Pension amount of 18 months with a ceiling of:
Age
Greater than 56 years but 72 years Rs.14 lakh
Greater than 72 years but not more than 74 years Rs.12 lakh
Greater than 74 years but not more than 76 years Rs.7.5 lakh

The EMI or NMP should not be higher than 50% for every kind of pensioner.

Family pensioners (including defence pensioners)

Minimum loan amount Rs.25,000
Maximum loan amount Pension amount of 18 months with a ceiling of:
Age
72 years Rs.5 lakh
Greater than 72 years but not more than 74 years Rs.4.50 lakh
Greater than 74 years but not more than 76 years Rs.2.50 lakh

The EMI or NMP should not be higher than 33% for every family pensioner.
In the tables given above, EMI = Equated Monthly Instalments
NMP = Net Monthly Pension

Repayment period and age details regarding SBI personal loan for pensioners

For central and state government pensioners

Age at when the personal loan is approved Repayment period Age at when the loan is completely repaid
Up to 72 years of age 60 months 77 years
Higher than 72 years but not more than 74 years 48 months 78 years
Higher than 74 years but not more than 76 years 24 months 78 years

For defence pensioners

Age at when the personal loan is approved Repayment period Age at when the loan is completely repaid
Up to 56 years of age 84 months 63 years
Higher than 56 years but not more than 72 years 60 months 77 years
Higher than 72 years but not more than 74 years 48 months 78 years
Higher than 74 years but not more than 76 years 24 months 78 years

Repayment period and age details regarding SBI personal loan for family pensioners

Age at when the personal loan is approved Repayment period Age at when the loan is completely repaid
Up to 72 years of age 60 months 77 years
Higher than 72 years but not more than 74 years 48 months 78 years
Higher than 74 years but not more than 76 years 24 months 78 years

Key characteristics regarding personal loans offered by SBI for pensioners

  • You can repay your SBI personal loan for pensioners by giving a Standing Instruction from your pension account for clearing your EMIs.
  • The margin for this personal loan scheme is NIL.
  • If you are a State or Central Government pensioner (even family pensioners), you will need to pay a processing fee. It will be 0.25% of your personal loan amount along with the service tax that is applicable.
  • If you are a defence pensioner, you will not be asked to pay any processing fee.
  • If you prepay your SBI personal loan EMIs completely or in portions before your loan period gets over, you will be required to pay 3% on your prepaid amount as your prepayment fee.
  • If you terminate your personal loan account with the funds from a new loan account, you will not be asked to pay any foreclosure or prepayment charge.
  • A guarantee is given to the spouse of the pensioner where the spouse can obtain the family pension amount. This loan scheme does not offer any insurance policy.

SBI Personal Loan for NRIs

SBI enables Non-Resident Indians (NRIs) to apply for a personal loan with the help of internet banking or any other mode. You can choose a regular loan against your NRI deposit or an online overdraft (OD) against your NRI deposit.

SBI loan against your NRI deposit

  • You can go for this loan scheme from SBI for meeting any of your needs such as buying a house or meeting your immediate financial needs. The bank will not be repatriating your loan amount abroad.
  • This SBI loan will be handed over solely to the depositor.
  • You can procure this loan in foreign currency or Indian Rupee by pledging a security of your NRE or FCNR or NRO deposit.
  • You can choose a demand loan, an overdraft, or a foreign currency loan.
  • The loan period for this loan is up to the outstanding maturity period.
  • The margin for this loan scheme is 10% which includes accrued interest as well principal.

SBI online overdraft (OD) against your NRI deposit

For SBI online OD, you will not have to come down to India to complete the application process in India. You can utilise the bank’s internet banking platform to apply for the loan facility.

Eligibility criteria Any customer with an NRE or NRO fixed deposit
Minimum residual period 6 months
Permissible limit
TDR or eTDR 75% of the face value of the deposit
STDR or eSTDR 90% of the face value of the deposit
Minimum loan amount Rs.25,000
Maximum loan amount Rs.5 crore
Cut-off time Online application for overdraft facility will be open from 8 a.m. to 8 p.m. IST
Interest rate 1% above the interest payable on the fixed deposit
Loan tenure for TDR or eTDR 3 years or the outstanding maturity period of fixed deposit, whichever is lower.
Loan tenure for STDR or eSTDR 5 years or the outstanding maturity period of fixed deposit, whichever is lower.
  • In the above-mentioned table, the NRE or NRO fixed deposit in the eligibility criteria includes Special term deposit (STDR) or eSTDR or Term Deposit Receipt (TDR) or eTDR in a single name holder only.
  • In the above-mentioned table, the permissible limit section refers to the overdraft limit against deposits. You will not be able to make any modifications to the overdraft limit.
  • This loan scheme is not given to joint holders of deposits.
  • The loan will be provided to you with the help of internet banking. If you want to withdraw or shift the fund, you can do it via cheque or online banking.
  • If you want to close the SBI NRI overdraft account, you will have to visit any of the branches in India. This overdraft account closure cannot be done online as of now.

Types of SBI Personal Loan

1. SBI Xpress Credit Loan:

This SBI loan scheme is offered to the employees of well-known organizations such as central and state government, PSUs, quasi-government, etc. These employees will need to have their salary accounts with SBI. These loans are offered at a zero margin.

Eligibility

  • The loan applicant’s minimum net monthly income (NMI) should be Rs.5,000.
  • The EMI or NMI Ratio should not be above 50%.
  • The applicant should be an employee at either of the following organizations:
  • Central and state Government
  • Central and state PSUs
  • Educational institutions with a national reputation
  • Quasi-government
  • Certain corporates that have an exclusive business relationship with SBI
  • Companies that do not have any business relationship with SBI OR any Emigration Check Required (ECR), according to specific terms and conditions.

Interest rate

For employees of unrated corporates

Facility Type 2-year MCLR Spread over 2-year MCLR Effective interest rate
Term loan 8.10% 4.55% 12.65%
Term loan 8.10% 5.05% 13.15%
Term loan 8.10% 5.40% 13.50%
Term loan 8.10% 6.65% 14.75%
Overdraft 8.10% 4.80% 12.90%
Overdraft 8.10% 5.30% 13.40%
Overdraft 8.10% 5.65% 13.75%
Overdraft 8.10% 6.90% 15.00%

For employees of rated corporates

Facility Type 2-year MCLR Spread over 2-year MCLR Effective interest rate
Term loan 8.10% 3.80% 11.90%
Term loan 8.10% 4.30% 12.40%
Term loan 8.10% 5.90% 14.00%
Term loan 8.10% 6.40% 14.50%
Overdraft 8.10% 4.05% 12.15%
Overdraft 8.10% 4.55% 12.65%
Overdraft 8.10% 6.15% 14.25%
Overdraft 8.10% 6.65% 14.75%

2. SBI Saral Personal Loan

This loan is given to an individual for any legitimate reason such as vacations, wedding arrangements, medical expenses, hospitalization, asset purchases, home renovation, educational expenditures, and so on. You can repay the SBI Saral Personal Loan in 48 EMIs.

Eligibility

  • You will need to be a salaried individual at any company.
  • You can also be a self-employed individual as a doctor, chartered accountant, architect, engineer, or an MBA.
  • The minimum income for an applicant in a metro or urban centre is Rs.24,000.
  • The minimum income in a rural or semi-urban centre is Rs.10,000.
  • The maximum net monthly income for pensioners and salaried employees has a ceiling of Rs.10 lakh in all the above-mentioned centres.

Interest rate

For employees of unrated corporates

Facility Type 2-year MCLR Spread over 2-year MCLR Effective interest rate
Term loan 8.10% 4.55% 12.65%
Term loan 8.10% 5.05% 13.15%
Term loan 8.10% 5.40% 13.50%
Term loan 8.10% 6.65% 14.75%
Overdraft 8.10% 4.80% 12.90%
Overdraft 8.10% 5.30% 13.40%
Overdraft 8.10% 5.65% 13.75%
Overdraft 8.10% 6.90% 15.00%

For employees of rated corporates

Facility Type 2-year MCLR Spread over 2-year MCLR Effective interest rate
Term loan 8.10% 3.80% 11.90%
Term loan 8.10% 4.30% 12.40%
Term loan 8.10% 5.90% 14.00%
Term loan 8.10% 6.40% 14.50%
Overdraft 8.10% 4.05% 12.15%
Overdraft 8.10% 4.55% 12.65%
Overdraft 8.10% 6.15% 14.25%
Overdraft 8.10% 6.65% 14.75%

3. SBI Pension Loan

SBI extends personal loans to pensioners as well as family pensioners. Whether you are a central government pensioner, state government pensioner, or a defence pensioner, you can avail this loan’s benefits.

You will have to pay a very minimal processing fee for this SBI pension loan scheme. If you are a defence pensioner, you will not need to pay any processing fee. This loan is provided without any hidden costs.

Eligibility

  • You will need to be a central or state government pensioner, defence pensioner or a family pensioner to apply for this loan scheme offered by SBI. A family pensioner is the spouse of a pensioner who is allowed to obtain pension when the pensioner dies.
  • The pensioner, as well as, the family pensioner’s age should not be above 76 years.
  • The pensioner will need to give an undertaking to SBI stating that the Treasury can make the pension payment to a particular bank branch. This certain undertaking cannot be rescinded at any point of time. The treasury will also write a note that it will not agree to take any request from any pensioner to make changes to the pension payment to any other branch or bank.
  • A defence pensioner can be any pensioner of the armed forces. The armed forces include Paramilitary Forces, Army, Rashtriya Rifles, Air Force, Navy, Coast Guards, and Assam Rifles. The pension payment order will need to be with SBI.
  • The EMI (Equated Monthly Instalments) or NMP (Net Monthly Pension) should not be above 50% for every pensioner. For family pensioners, the EMI or NMP should not be above 33%.

Interest rate

Scheme 2-year MCLR Spread over 2-year MCLR Effective interest rate
SBI Pension Loan 8.10% 4.35% 12.45%
Jai Jawan Pension Loan 8.10% 4.35% 12.45%
Pension Loan to Coal Mines Provident Fund (CMPF) Pensioners 8.10% 4.35% 12.45%

4. SBI Festival Loan

SBI gives a lot of significance to the various festivals that are celebrated in India. You can enjoy any festival to the fullest by taking the Festival Loan offered by SBI. It is a loan product that is given exclusively to meet all expenses associated with a festival. You can use these funds to purchase gifts for your loved ones to celebrate the festive season. You can also use this loan scheme to buy sweets, savouries, clothes, decorations, and other festive arrangements to make sure that you have a memorable gathering with your friends and family.

This loan is offered at low-interest rates with a low-processing fee. Moreover, you will not have to pay any administrative fee or hidden charge. This loan is offered with minimal documentation work. What’s more, you do not have to pay any prepayment penalty for this loan product!

Eligibility

  • Any person working in the government or a PSU or a private limited company or a public company or an institution. You will need at least 2 years of experience in this organization.
  • A self-employed individual with at least 3 years of experience.
  • A person with a net monthly income of Rs.3,000 or higher.
  • A person with a steady income from channels such as interest from TDRs, government securities, and National Savings Certificates (NSCs).

For employees of unrated corporates

Loan facility Type 2-year MCLR Spread over 2-year MCLR Effective interest rate
Term loan 8.10% 4.55% 12.65%
Term loan 8.10% 5.05% 13.15%
Term loan 8.10% 5.40% 13.50%
Term loan 8.10% 6.65% 14.75%
Overdraft 8.10% 4.80% 12.90%
Overdraft 8.10% 5.30% 13.40%
Overdraft 8.10% 5.65% 13.75%
Overdraft 8.10% 6.90% 15.00%

For employees of rated corporates

Loan facility type 2-year MCLR Spread over 2-year MCLR Effective interest rate
Term loan 8.10% 3.80% 11.90%
Term loan 8.10% 4.30% 12.40%
Term loan 8.10% 5.90% 14.00%
Term loan 8.10% 6.40% 14.50%
Overdraft 8.10% 4.05% 12.15%
Overdraft 8.10% 4.55% 12.65%
Overdraft 8.10% 6.15% 14.25%
Overdraft 8.10% 6.65% 14.75%

5. SBI Career Loan

SBI helps young individuals build their career competently by providing them with extensive financial support. You do not have to worry about monetary hardships when you are focused on achieving something. Even if you do not have sufficient financial sources to fund your academic course or certification programme, you do not have to give up on your dream goal.

The SBI Career Loan is exclusively designed to help women who aspire to be air hostesses. With this loan, you can pay your fees for air hostess training courses. It is a personal loan which will require you to provide the bank with a collateral. You will need to secure your personal loan with public sector bonds, mortgage of immovable property, RBI relief bonds, NSCs, government securities, RBI relief bonds, Kisan Vikas Patra (KVP), LIC policies, public sector bonds, bank’s TDR, etc.

The loan will need to be repaid through EMIs in 36 months. The maximum moratorium is 1 year after the air hostess training course is completed.

Eligibility

  • You should be interested in enrolling yourself for an air hostess training course.
  • You should be at least 18 years old.
  • The co-borrower’s age should not be higher than 60.
  • The co-borrower can be the applicant’s spouse, parent or guardian.

Interest rate

Type of security or collateral Interest rate
Bank TDR or STDR 1% above the rate of interest that needs to be paid on the deposits
Land or building 4.5% above MCLR for 1 year, presently 13.65% p.a.
Government securities, NSCs, public sector bonds, RBI Relief Bonds, KVPs, and LIC policy 4.25% above MCLR for 1 year, presently 13.40% p.a.

Processing Fees for Various SBI Personal Loan Products

Product Processing Fee
Xpress Credit 1% of the Loan Amount
SBI Saral 2% – 3% of the Loan Amount
SBI Career Loan 0.50% of the Loan Amount
Loan for ESOPs Rs 2000 per application
Equity Plus Rs 2000 per application
Festival Loan 1% of the Loan amount
SBI Pension Loan 0.50% of the Loan amount (Minimum Rs.250)
Others like Jai Jawan Pension Loans, Bhagya Rekha Loan, Education Plus Nil

SBI Personal Loan Customer Care

For any service-related issue, a customer can get in touch with SBI:

  • Calling Customer Help Line Numbers
  • Contact Customer Grievance Cell at our Local Head Offices
  • Write to Grievance Cell at our Local Head Offices

(Details on Helpline Numbers and Grievance Cell available on www.sbi.co.in)

In case a customer is not satisfied with the handling of grievance by the Local Head Office, a communication may be sent (enclosing the message sent earlier to Local Head Office) to the –

Deputy General Manager (Customer Service), Customer Service Dept., State Bank of India; State Bank Bhawan, 4th floor; Madame Cama Road, Mumbai-400 021,

Telephone No. (022) 22029456, 22029451 22740432, 22740431, 22740433 Fax no. (022) 22742431 E-mail address – dgm.customer(at)sbi(dot)co(dot)in