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Home › Personal Loan › State Bank of India

State Bank of India Personal Loan Interest Rate November 2026

Updated 2 November 2026Rates from official bank websitesHow we check rates

State Bank of India advertises personal loan rates starting from 10% per annum. For ₹5 lakh over 3 years that is an EMI of about ₹16,134 a month.

Starting rate10%per annum
EMI per month₹16,134₹5 lakh, 3 years
Total interest₹80,809over the full term
Max tenuren/aas stated by the bank

SBI personal loan rates and charges

Starting interest rate10% per annum
Applies toSBI Personal Loan scheme: 2-year MCLR (8.75%) plus 1.25% to 6.25%, so 10.00% to 15.00%
Effective from15 December 2025
Processing feeNot stated on the page we checked
PrepaymentNot stated on the page we checked
Maximum tenureNot stated on the page we checked

Source: State Bank of India official page, checked 2 November 2026.

These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.

SBI personal loan EMI calculator

Prepayment options (optional): pay extra to finish sooner

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₹2 lakh for 2 years₹2 lakh for 3 years₹2 lakh for 5 years₹5 lakh for 2 years₹5 lakh for 3 years₹5 lakh for 5 years₹10 lakh for 2 years₹10 lakh for 3 years₹10 lakh for 5 years

Compare State Bank of India with other banks

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Frequently asked questions

What is the State Bank of India personal loan interest rate?

State Bank of India's website advertises personal loan rates starting from 10% per annum (checked 2026-11-02). The rate you get depends on your credit score, income and loan amount.

What is the EMI on a ₹5 lakh personal loan from State Bank of India?

At the starting rate of 10% over 3 years the EMI is about ₹16,134 a month, with total interest of about ₹80,809. A higher personal rate would raise this.

What is the processing fee for a State Bank of India personal loan?

The State Bank of India page we checked did not state a processing fee. Please confirm it with the bank's fee schedule before applying.

Does State Bank of India charge prepayment charges on a personal loan?

The page we checked did not state prepayment terms. Please confirm with the bank.

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