State Bank of India (SBI) is the largest public sector bank in India and its personal loan schemes in July 2025 remain very popular among the people. It is a reliable option especially for salaried people and pensioners. SBI’s interest rates are quite affordable compared to other banks. Customers with government jobs and good credit scores can get special concessions, making it easier to take a loan.
Personal loan interest rates and charges in July 2025
Currently, SBI’s personal loan interest rates start from 10.30% and go up to 15.30%. These rates depend on your salary, job sector and credit score. These rates of the bank are fixed on the basis of 9.05% MCLR (as of March 2025), on which SBI adds a margin of 1.25% to 6.25% in different schemes. The processing fee ranges from 1% to 1.5% of the loan amount, while prepayment of fixed rate loans is charged up to 3%. There is also a penalty charge of 2% per month for delayed EMIs.
SBI Personal Loan Schemes for Different Categories
SBI has divided its personal loans into several schemes according to different needs. For example, for Xpress Elite (Government/Defense employees), the interest rates range from 11.45% to 11.95%, while for private employees, it ranges from 11.60% to 14.10%. For general corporates, the Xpress Credit scheme has rates ranging from 12.60% to 14.60%. For freshers and low-salary people, the Xpress Lite scheme has rates ranging from 10.30% to 12.10%. Apart from this, schemes like Pension Loan, Jai Jawan Pension Loan and Pre-Approved Pension Loan are also available for pensioners, whose interest rates are around 11.15%.
EMI Calculation and Factors Affecting Interest Rate
The EMI of the loan depends on your loan amount, interest rate and tenure. With the EMI calculator available on the SBI website, you can easily estimate how much installment you will have to pay every month. The main factors affecting the interest rate include credit score (better rate if it is above 750), type of job (government or private), salary amount, and loan tenure. Note that SBI’s schemes and interest rates may change from time to time, so before taking a loan, get the latest information from the official website or nearest branch.