What State Bank of India charges for a personal loan, what it costs in rupees, and how it compares with every other provider we track.
| 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
Rate, maximum and fees
| Advertised rate | Maximum rate | Terms | 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
What that costs in rupees
On ₹5,00,000 over 5 years.
| EMI at 10.00% | ₹10,624/month |
|---|---|
| Total interest | ₹1,37,411 |
| EMI at the 15.00% maximum | ₹11,895/month |
| Extra interest at the maximum rate | ₹76,287 |
Principal and interest only. Processing fee, GST, documentation and any insurance sold alongside the loan are additional.
To run the same sum on your own amount and tenure, use the EMI calculator, and check what you would be sanctioned first with the loan eligibility calculator.
How it compares
State Bank of India is the 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%. The full board is on personal loan interest rates today, and the ranked shortlist is at best personal loans. HDFC Bank’s starting rate is one paisa lower but its published range runs much wider; the detail is on the HDFC Bank personal loan interest rate page.
What moves this rate
Public sector bank. Floating retail loans are priced off an external benchmark, so RBI rate cuts pass through within a reset cycle.
Personal loan rate ranges are much wider than home loan ranges. The reason is simple: nothing backs the loan. There is no property to recover, so the rate has to cover the whole risk. A bank advertising from around 10% can quote more than double that to someone with a thin credit history.
The tenure is much shorter than a home loan, usually five or six years. That keeps your total interest down but pushes the EMI up. Check the early-closure terms before you sign. Being able to prepay without a charge is worth more than a small difference in the rate.
Where you land inside the 10.00% to 15.00% band is set largely by your bureau score, so it is worth reading how to improve your credit score before you apply rather than after.
Worth knowing
Credit cards branded SBI are issued by SBI Cards and Payment Services Limited, a separate listed company in the same group.
Other State Bank of India products
| Product | Advertised rate |
|---|---|
| Home loan | from 7.25% |
| Fixed deposit | from 6.45% |
as of 2026-09-17 · Lender rate pages, checked individually
Sources
- Credsir personal loan rate table — Lender rate pages, checked individually — as of 2026-09-17
Terms change without notice. Confirm the current figures with State Bank of India before you act.
Related reading
SBI Fixed Deposit Interest Rate September 2026
What State Bank of India charges for a fixed deposit, what it costs in rupees, and how it compares with every other provider we track.
2 Oct 2026 · 2 min
SBI Home Loan
What SBI charges for a home loan, what it costs in rupees, and how it compares with the other lenders we track.
17 Sep 2026 · 1 min