If you have a salary account with the State Bank of India (SBI), you can get an instant personal loan up to ₹20 lakh with minimal paperwork and quick approval. Known as the SBI Xpress Credit Personal Loan, this facility is available to salaried professionals who maintain their salary account with SBI.
This loan is ideal for emergencies like medical expenses, weddings, education, travel, or any personal need — without any collateral or guarantor.
🧾 Key Highlights
| Feature | Details (2025) |
|---|---|
| Loan Name | SBI Xpress Credit Personal Loan |
| Loan Amount | ₹25,000 – ₹20,00,000 |
| Interest Rate | 11.15% – 14.30% p.a. (Varies by profile) |
| Tenure | 12 to 72 months |
| Processing Fee | 1.50% of loan amount + GST |
| Prepayment Charges | 3% after 1 year |
| Collateral Required | No |
| Disbursal Time | Within a few hours (for pre-approved users) |
| Loan Type | Unsecured Personal Loan |
🧍♂️ Eligibility Criteria
To be eligible for an SBI personal loan for salary account holders, you must meet these conditions:
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Must be a salaried individual working in:
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Central or State Government
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Public Sector Undertaking (PSU)
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Private Sector Company with SBI tie-up
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Salary must be credited to SBI account regularly.
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Minimum Net Monthly Income: ₹15,000 (₹10,000 in rural areas).
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Minimum Age: 21 years
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Maximum Age: 58 years (at loan maturity)
💡 Tip: If you have a long-standing SBI salary account with a good credit record, you can get pre-approved offers directly in the SBI YONO app.
🧾 Documents Required
| Document Type | Examples / Accepted Proofs |
|---|---|
| Identity Proof | Aadhaar Card, PAN Card, Passport |
| Address Proof | Utility Bill, Aadhaar, Driving License |
| Income Proof | Latest 3 months salary slips |
| Bank Statement | 6 months SBI salary account statement |
| Photograph | Passport-size photo |
📲 If you’re an SBI salary account holder, most of these documents are already verified, so approval is much faster.
💰 SBI Xpress Credit Loan Interest Rate 2025
SBI offers attractive interest rates for its salary account customers, based on their CIBIL score and employment type.
| CIBIL Score | Interest Rate (Approx.) |
|---|---|
| 750+ | 11.15% – 12.50% |
| 700–749 | 12.60% – 13.50% |
| 650–699 | 13.60% – 14.30% |
| Below 650 | Not eligible / higher rate |
💡 Maintaining a CIBIL score above 750 gives you the lowest possible rate.
🧮 Example: EMI Calculation for ₹5 Lakh Loan
| Loan Amount | Tenure | Interest Rate | Monthly EMI |
|---|---|---|---|
| ₹5,00,000 | 3 years | 11.50% | ₹16,500 approx. |
| ₹10,00,000 | 5 years | 12.00% | ₹22,250 approx. |
| ₹20,00,000 | 6 years | 12.25% | ₹39,000 approx. |
👉 You can use the SBI Personal Loan EMI Calculator on the official website or YONO app to get accurate monthly payment details.
📱 How to Apply Online for SBI Salary Account Loan (Step-by-Step)
You can apply online in minutes using the SBI YONO App or SBI Online Portal:
✅ Method 1: Apply via YONO App
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Open the YONO SBI App and log in.
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Go to “Loans” → “Pre-Approved Loans” → “Xpress Credit”.
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Check your eligible loan limit.
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Choose the amount and tenure.
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Review interest rate and EMI details.
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Submit your application.
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Loan gets credited instantly to your salary account (if pre-approved).
✅ Method 2: Apply via SBI Website
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Visit https://bank.sbi.
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Navigate to Personal → Loans → Xpress Credit Loan.
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Fill the online form and upload documents.
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SBI verifies your details and approves the loan.
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Amount disbursed within 1–2 working days.
📋 Benefits of SBI Salary Account Loan
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✅ Instant disbursal for pre-approved users.
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✅ No collateral or security required.
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✅ Attractive interest rates for salary account holders.
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✅ Flexible tenure up to 6 years.
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✅ Easy EMI repayment via salary deduction or ECS.
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✅ Minimal documentation for existing SBI customers.
⚠️ Important Tips Before Applying
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Maintain a good credit score (700+) for lower interest.
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Avoid multiple loan applications at once — it reduces CIBIL score.
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Check hidden charges (processing, prepayment) before signing.
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Always verify offers on official SBI channels (website or YONO).
