SBI personal loans can help you address any financial goals or challenges that you face. Whether it is for a medical emergency, education, wedding, travelling, debt consolidation, or other expenses you can get a loan of up to ₹20 lakhs with a salary of ₹25000.
With an SBI personal loan for ₹25000 salary, you can avail of a loan at an attractive interest rate of 11.15% - 14.30% p.a. with flexible tenures ranging from 6 months to 6 years.
An SBI personal loan for ₹25000 salary offers low-interest rates ranging from 11.15% - 14.30% p.a. and long repayment tenures of up to 6 years. Furthermore, you can get low processing fees and transparent loan terms with an SBI personal loan.
SBI Personal Loan Interest Rates & Charges
The SBI personal loan for ₹25,000 salary interest rate depends on several factors such as your credit score, loan amount, tenure, and more. SBI also charges extra fees for processing the loan, prepayment, and late repayment of the loan. The interest rates and charges are given in the table below:
| Personal loan schemes | Interest rates (%) p.a. |
|---|---|
| Xpress Elite Scheme for Applicants having a salary account with SBI | 11.15% - 11.65% p.a. |
| Xpress Elite Scheme for Applicants having a salary account with a different bank | 11.40% - 11.90% p.a. |
| Xpress Credit Scheme for Defence, Armed Forces, and Coast Guard applicants | 11.15% - 12.65% p.a. |
| Xpress Credit Scheme for Central Govt, State Govt, Police, Railway, and Central Public Sector under RATNA status. | 11.30% - 13.80% p.a. |
| Xpress Credit Scheme for Other Corporate Employees | 12.30% - 14.30% p.a. |
| Pre-approved personal loans to non-CSP customers. | 13.80% - 14.30% p.a. |
Charges levied on ₹25000 salary SBI personal loan:
| Processing fee | 1.50% of loan amount. |
| Prepayment charges | 3% on prepaid amount |
| Penal interest on late payment fee | 2% pm |
Additionally, for applicants using the online SBI personal loan scheme portal at, the interest rate for the Xpress Credit Scheme will be 0.25% higher across all brackets.
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Calculating Personal Loan Amount for ₹25000 Salary
FOIR (Fixed Obligation to Income Ratio) and the multiplier method are the two ways by which SBI will calculate the loan amount you are eligible for. Using these methods you will be able to understand how much SBI personal loan amount you can get with a salary of ₹25000. These methods will assess your debt-to-income ratio and your ability to repay the loan.
Multiplier method
The multiplier method calculates the maximum loan amount you are eligible for based on your monthly income. Lenders usually use a multiplier to determine this loan amount.
For example:
If your monthly salary is ₹25,000 and the multiplier used by SBI is 20, then the maximum loan amount you could qualify for would be:
Loan amount = Monthly salary x Multiplier
= ₹25,000 x 20
= ₹500,000
So, the maximum loan amount you could be eligible for is ₹500,000.
Please note that the actual loan amount approved by SBI can vary based on various factors such as your credit history, financial obligations, and SBI policies.
Fixed Obligation Income Ratio (FOIR) method
The Fixed Obligation to Income Ratio (FOIR) is a formula used by the bank to evaluate your personal loan repayment capability. It calculates the maximum repayment amount you can manage based on your monthly income and existing financial commitments. Typically, lenders employ a FOIR multiplier to ascertain the maximum allowable Equated Monthly Instalment (EMI) amount.
For example:
With a FOIR multiplier of 0.50 and a monthly salary of ₹25,000, the maximum Equated Monthly Instalment (EMI) you can afford is ₹25,000 x 0.50 = ₹12,500.
The EMI amount helps decide the maximum loan amount you can get when taking the interest rates and loan duration into consideration.
Eligibility Criteria for SBI Personal Loan on ₹25000 Salary
The SBI personal loan eligibility criteria set by the bank are:
- Must have a salary account with SBI.
- The EMI/NMI (Equated Monthly Income/Net Monthly Income) ratio must be 50%.
- Must have a minimum salary of ₹15000.
- Individuals working for
- Central, State and Quasi Government
- Central PSUs and profit making state PSUs
- Educational institutions of national repute
- Selected corporations with or without relationship with the bank.
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Personal Loan on ₹25000 Salary from Banks & NBFCs
SBI offers competitive interest rates, making financial aid accessible to all individuals who require help. Several banks and NBFCs also offer personal loans on ₹25000 salary. Here are their interest rates for comparison:
| Banks/NBFCs | Interest rate (%) p.a. |
|---|---|
| IDBI Bank | 9.50% - 14.00% p.a. |
| My Money Mantra | 10.75% p.a onwards |
| Kotak Mahindra Bank | 10.99% p.a onwards |
| Yes Bank | 10.99% p.a onwards |
| Hero Fincorp | 11.00% - 35.00% p.a. |
| IIFL finance | 11.00% - 35.00% p.a. |
| State Bank of India | 11.15% - 14.30% p.a. |
| Standard Chartered Bank | 11.49% p.a onwards |
| Fullerton | 11.99% p.a. onwards |
| Axis Bank | 12.00% - 21.00% p.a. |
| Kredit Bee | 12.25% p.a onwards |
| Muthoot Finance | 13.50% p.a onwards |
| InCred | 21.00% p.a. onwards |
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Note: The above-mentioned rates are subject to change with the finance market and differ marginally with respect to the individual banks.Various lenders offer loan schemes specifically for salaried employees. Read more on Salaried Personal Loan to know more about specific loan features.
Check more on how much loan you can get on your salary. Knowing this will help you understand your loan eligibility for your present salary.
SBI Personal Loan Calculator
The repayment for an SBI personal loan will be divided into monthly instalments, known as equated monthly instalments (EMIs). Calculating your EMI beforehand helps you assess the affordability of the loan.
An online personal loan EMI calculator simplifies the calculation process. Just input your loan amount, interest rate, and tenure to estimate your monthly EMI. Use the SBI Personal Loan EMI Calculator to calculate your loan EMi withe ease!
Documents Required for SBI Personal Loan on ₹25000 Salary
These SBI personal loan documents are essential for verifying the applicant's identity, address, and income to ensure eligibility and determine the loan amount and terms.
The documents required to get an SBI personal loan for ₹25000 are:
- Application form duly filled by the borrower and Co-borrowers (if applicable) along with 2 photographs each.
- Proof of Identity: PAN/Passport/Driver’s License, Voter ID card.
- Proof of Residence: Recent Telephone Bills/ Electricity Bill/Property tax receipt/ Passport/ Voters ID card.
- 12 months Bank account statement held by the applicant/s.
- Latest Salary slips.
- Copy of Identity card issued by the employer.
- Form16 or IT Returns for the last 2 years.
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Features & Benefits of SBI Personal Loan on ₹25000 Salary
SBI presents many compelling features and benefits for individuals with a ₹25,000 salary seeking a personal loan. These include:
Customised Loan
Amount
Secure a loan amount up
to 720 lakhs to achieve
your goals.
Competitive Interest
Rate
Get a loan at low
interest rates of 11.15% -
14.30% p.a.
Lengthy Loan Term
Benefit from a flexible
repayment duration ranging
from 6 to 72 months.
Minimal Documentation
Just a few documents
are required.
NO collateral or
guarantor required.
Access a loan without
the need for collateral or
a guarantor.
No Hidden Cost
Experience clear and
transparent terms for your
personal loan with no
hidden fees.
Steps to Apply for a Personal Loan from Buddy Loan
Getting the financial aid you need from the State Bank of India has become easier than ever with the help of Buddy Loan. You can now apply for an SBI personal loan for ₹25000 salary for salaried through Buddy Loan by following the steps below:
Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
Step 2: Open the personal loan application page. Provide the mobile number and enter the received OTP.
Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
Step 5: Enter your work details (Including company name, years of service and Designation)
Step 6: Enter your personal details (Including Full Name, PAN, address, DOB & Gender)
Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.
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Frequently Asked Questions
Depending on your credit history and debt-to-income ratio, you will get a personal loan of up to ₹10 lakhs with a salary of ₹25,000.
You are most likely to be eligible for an SBI personal loan if you get a minimum salary of ₹15000 per month, your EMI/NMI ratio is less than 50%, have a good credit score, and a stable job from a reputed corporation, educational institutions, and government services.
The EMI for a Rs. 1 lakh SBI personal loan will depend on the interest rate and tenure of the loan.
Depending on those factors, you can check your potential EMI using the SBI personal loan Calculator.
If you already have an existing relationship with the bank your personal loan can be disbursed within a day. If not, it will take 3 days or a week to get a personal loan from SBI.
SBI personal loan interest rates for salary account holders range from 11.15% - 14.30% p.a.
Yes, you can close your SBI personal loan after 1 year, however, a penalty of up to 3% can be charged.
You cannot close an SBI personal loan online, if you want to close your loan account, you will need to visit the respective branch for account closure.
Yes, if you have an excellent credit score as well as a high salary, you can negotiate the SBI personal loan interest rate.
Yes, SBI offers personal loans to customers who do not have a savings account or current account with SBI.
You can repay your SBI personal loan EMI through Net Banking, E-Nach, Yono SBI App, online through UPIs, Standing Instructions (SI), SBI branch cash payment, cheque payment, and Demand Draft.
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