What SBI advertises on a personal loan against the most it can charge. The gap is much wider than on a home loan.
| Advertised rate | 10.00% p.a. onwards |
|---|---|
| What it means | State Bank of India can charge up to 15.00% for this product. The advertised figure is a starting rate, not an offer. |
Updated 17 Sep 2026 · Lender rate pages, checked individually
The rate
| Advertised rate | Maximum rate | Terms | Processing fee |
|---|---|---|---|
| 10.00% | 15.00% | Up to 7 years | Up to 1.50% (min ₹1,000, max ₹15,000) + GST |
Updated 17 Sep 2026 · Lender rate pages, checked individually
State Bank of India advertises from 10.00% and can charge up to 15.00% for this product — a range of 5.00%. Where you land is set by your credit score, your income type and your existing obligations, not by bargaining. On an unsecured loan that spread is the single largest variable in the deal, which is why personal loan eligibility is worth reading before you apply rather than after.
How it compares
Joint 5th cheapest of the 8 providers we track, 0.01% above Axis Bank, HDFC Bank, ICICI Bank and IDFC First Bank at 9.99% — a difference small enough to ignore next to the processing fee. The full list is in our personal loan interest rates table, and the rest of this lender’s personal loan detail sits on the SBI personal loan page.
Run the tenure both ways before you sign: on a six-year term the interest can approach a third of what you borrow, and the EMI calculator makes that visible in rupees.
Terms change without notice. Confirm the current figures with State Bank of India before you act.
Related reading
SBI Personal Loan EMI Calculator — Estimate in Seconds
What an SBI personal loan costs a month at both ends of the published rate range.
17 Sep 2026 · 1 min
SBI Personal Loan Fees and Charges (2026) — The Full List
The SBI personal loan processing fee as published, plus the 18% GST charged on top of it.
17 Sep 2026 · 1 min