Product Overview
Product summary
SBI Personal Loan for Pensioners from State Bank of India offers 1.5%+GST and from ₹50,000 | up to ₹14,00,000.
Supporting evidence
Verified from: MITCSBI.pdf
Data confidence
100% — High
Data completeness
100/100
Last updated
1 Aug 2026
Founder verified
Yes — Founder Certified
Source of information
Official bank website
Product confidence: High
Intelligence Assessment
Personal Fit · Negotiation · Before You Decide
Personal Fit
NOT ASSESSEDPersonal suitability not assessed yet
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Check Your Personal FitBefore You Decide
CHECKImportant things to verify before applying
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State Bank of India
SBI Personal Loan for Pensioners
Personal Loan
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Evidence & Verification
Verified From
Evidence Status
Verification Date
Last Updated
Founder Certified
Official Source
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RightBank Verdict
SBI Personal Loan for Pensioners from State Bank of India offers 1.5%+GST and from ₹50,000 | up to ₹14,00,000.
Complete your profile to unlock your personal match score for this account — no registration required to explore.
Check Your Personal FitProduct Quality Scorecard
11.05%–15.3% p.a.
Nil foreclosure charge
₹0.5L – ₹14.0L
Up to 6 years
~3 days disbursal
Verified by RightBank · Official source
Complete your profile for a personal Fit Scorecard across income, balance, usage, lifestyle, eligibility & goal.
Check Your Personal FitWhat You Get
Quick disbursal
3 day disbursal
No collateral
Unsecured loan
Flexible tenure
up to 6 years
What It Costs You
Charges
Before You Apply
Eligibility
Indian resident, 21+ years, salaried with CIBIL 650+, min ₹25K/mo income
Minimum income
₹10,000/month
Minimum credit score
CIBIL from 700
Eligibility
Indian resident, 21+ years, salaried with CIBIL 650+, min ₹25K/mo income
Why This Product May Be Worth Considering
Fast approval
Unsecured — no collateral
Certified interest rate range
Flexible loan amount
Long tenure
If You Do Not Choose This
What to weigh before you decide — trade-offs and who this account may not suit.
Trade-offs
Approval Speed
3 days
Loan Flexibility
Total Borrowing Cost
11.05% – 15.30% p.a.
Costs to consider
Interest rate
11.05% – 15.30% p.a.
Processing fee
1.5%+GST
Foreclosure charges
Nil after lock-in period
Customers Usually Compare This With
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Final Decision Summary
SBI Personal Loan for Pensioners from State Bank of India offers 1.5%+GST and from ₹50,000 | up to ₹14,00,000.
Derived from certified Product Truth — not generative AI.
Calculator
Indicative calculation for planning only. Actual figures depend on bank terms, your profile and prevailing rates.
Estimates are indicative. Final figures depend on bank terms and your profile.
Understanding the Terms
FOIR
Fixed Obligation to Income Ratio — existing EMIs as a share of income.
Processing Fee
One-time fee (often 1–2.5% + GST) to process the loan.
Foreclosure
Closing the loan early; many banks charge 2–4% after 12 EMIs.
Prepayment
Part-paying early; rules vary — check before assuming it’s free.
Flat vs Reducing
Flat rate looks lower but costs more; reducing rate is the true effective rate. RightBank scores the real cost.
EMI
Equated Monthly Instalment — fixed monthly payment of principal + interest.
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