SBU Personal Loan: India’s largest public sector bank, the State Bank of India (SBI), is offering personal loans of up to ₹35 lakh with minimal documentation and a quick approval process. Customers can now apply both online via the YONO app or offline by visiting the nearest SBI branch.
For loans up to ₹2.5 lakh, the entire process can be completed online from the comfort of your home. Using the YONO app, users can check their eligibility, choose loan tenure and amount, and complete the process in minutes. The amount is credited directly to the account after approval.
If you’re already an SBI customer, you may be eligible for a pre-approved personal loan. Simply log in with your PAN and date of birth on YONO or internet banking to check your offer.
Loan Eligibility
- Minimum income: ₹15,000 per month
- Experience: At least 1 year of employment/service
- Loan amount: Up to ₹35 lakh
- Tenure: Up to 7 years
- Interest rate: 10.30% to 15.30% p.a. (average 12.68%)
- Processing fee: 1.5% + GST (waivers possible in some cases)
Required documents include PAN card, Aadhaar/passport, address proof (e.g., utility bill), and income proof like salary slips or Form 16.
For personalized offers based on your credit score and financial history, visit the SBI official website or your nearest branch. This loan is ideal for urgent needs like home renovation, education, wedding expenses, or emergency funding.