You need to follow a few steps given below to apply for a SBI Personal Loan. They are as follows:

1. Fill the application form of SBI Bank.
2. Submit key documents like KYC and Financial which are related to salaried individuals.
3. Loan eligibility of the applicant is determined based on the candidate worthiness of the applicant and his or her cibil score.
4. SBI Bank Provide the Sanction letter which has loan amount, Interest rate, Tenure, emi Payable another terms and condition.
5. Finally after completion of the disbursement process SBI  issues a cheque in favour of the applicants.

There are few documents that you need to submit while applying for a SBI Personal Loan. They are provided in the table below:

Because it is fast and easy to sanction. Provides customers who have healthy financial records
Besides, minimum documentation is required to apply for and secure an SBI Bank Personal Loan.

Once you have filled out the online SBI Personal Loan application form and submitted all necessary documents, then it takes SBI about 5 – 7 Working days to sanction your loan.

It is a minimum CIBIL score of 700 or more that you need to possess to increase your chances of being eligible for an SBI Personal Loan.

A minimum personal loan amount of Rs 3 Lakh and a maximum amount of 30 lakhs.

The rate of interest (ROI) on your SBI Personal Loan will change as per the type of ROI you choose. So, if you select a floating interest rate then there will be frequent changes. However, in case you opt for a fixed interest rate then there will be no change.

When you have IT returns for three financial years to show in the form of a document, it means that your chances of securing an SBI Personal Loan increase significantly. However, even if you do not possess IT returns for three financial years you can remain eligible for a SBI Personal Loan, provided you are seeking a low loan amount and also have a good CIBIL score.

After completing the SBI Personal Loan form and submitting the required documents and receiving the sanction letter, it will take about 3 to 10 days for your SBI Personal Loan to be disbursed.

A few additional information about the SBI Personal Loan that you need to know is given below: 

1. Types of SBI Personal Loan:

   There are a few types of SBI Personal Loans. They are as given below: 

2. SBI Pre-Approved Personal Loan:

    It is a program that allows you to apply for a pre-approved SBI loan using the app YONO. 

3. SBI Xpress Credit Personal Loan:

    This scheme of SBI helps salaried customers of the bank to fulfill their urgent financial needs. 

4. SBI Real-Time Xpress Credit Personal Loan:

   Defense and government personnel can make use of this SBI Personal Loan package online through the YONO app. 

5. SBI Quick Personal Loan:

    This is a SBI Personal Loan package that salaried individuals not having a salary account in this nationalized bank can use. 

6. SBI Pension Personal Loan:

   It is specifically to cater to the needs of the pensioners belonging to state/central and defense personnel that SBI presents this scheme. 

7. SBI Xpress Flexi Personal Loan:

   For individuals having a salary in the diamond or platinum category, SBI brings this type of personal loan package. 

8. SBI Xpress Elite:

   It is for individuals earning a monthly salary of over Rs 1 lakh to fulfill personal requirements that SBI has provided this personal loan package.