SBI Personal Loan of 1 Lakh

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Sometimes a small financial requirement can appear at the wrong time. A medical expense, a short trip, a gadget purchase, or even a small home repair may need quick funding. In such cases, an SBI personal loan of 1 lakh option can be a practical solution. The State Bank of India offers unsecured personal loans that allow borrowers to access funds without pledging property or other assets. Because the amount is relatively modest, many applicants find it easier to manage repayment while still covering urgent expenses.

An SBI 1 lakh loan generally follows the standard personal loan structure offered by the bank. Interest rates usually start from around 10.55% per annum, while repayment tenure may extend up to six years, depending on the borrower’s eligibility and credit profile. The monthly instalment depends on the loan tenure and interest rate selected. Since the amount is smaller than for larger loans, many borrowers prefer this option for short-term financial needs, where a manageable EMI is important.

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1 Lakh State Bank Of India Personal Loan EMI Calculator

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  • 50 K
  • 1 Cr
Years
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Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹1,00,000

Interest Payable

Total Amount Payable

Written By
Rahul Gautam
Rahul Gautam
Rahul is a finance writer with a background in Journalism. He specialises in making complex financial topics easy to understand. He writes about credit cards, banking, loans, and financial institutions, helping readers explore the financial world with clarity and confidence. His work is both informative and engaging.
Reviewed By
Amit Prakash Singh
Amit Prakash Singh
Co-Founder, Square Yards & Chief Business Officer, Urban Money
Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

Last Updated: 25 April 2026

What is the SBI Personal Loan of ₹1 Lakh?

An SBI personal loan of 1 lakh is an unsecured credit facility that allows individuals to borrow ₹1,00,000 without pledging collateral. The loan is typically used for personal financial needs such as medical expenses, education fees, travel costs, or small household purchases.

Unlike secured loans that require property or investments as security, this borrowing option relies mainly on the applicant’s income stability and credit history. Because of this structure, an SBI loan application for one lakh is assessed based on the borrower’s repayment capacity and existing financial commitments.

For many applicants, a ₹1 lakh loan works well when the required amount is small but urgent. Borrowers receive the approved amount directly in their bank account and repay it through fixed monthly instalments over a chosen tenure. Repayment flexibility is one reason this loan option remains popular among individuals who need short-term financial assistance.

What are the Highlights of the SBI Personal Loan of ₹1 Lakh?

Before applying for an SBI personal loan up to 1 lakh, it helps to understand the basic parameters that shape this loan product. Borrowers exploring a 1 lakh personal loan SBI option usually consider these key features:

  • Loan Amount: Up to ₹1,00,000 depending on the borrower’s profile
  • Interest Rate: Starts from around 10.55% per annum based on creditworthiness
  • Loan Tenure: Can extend up to six years, depending on eligibility
  • Overdraft Facility: Available under certain schemes
  • Pre-Approved Loans: Existing SBI customers may receive pre-approved offers
  • Flexible Usage: Funds can be used for medical needs, travel, education or household expenses

What is the EMI for an SBI Personal Loan of ₹1 Lakh for 1-5 Years?

The EMI for an SBI 1 lakh loan depends largely on the interest rate offered by the bank and the repayment tenure chosen by the borrower. Before selecting a tenure, many borrowers use a personal loan EMI calculator to estimate instalments and understand how the monthly payment may change across different loan periods. Below is an estimated EMI breakdown for a ₹1 lakh amount at an assumed SBI Personal Loan interest rate of around 11% per annum.

Loan Amount Loan Tenure Monthly EMI Interest Payable Total Amount Payable
₹1,00,000 1 Year ₹8,838 ₹6,058 ₹1,06,058
₹1,00,000 2 Years ₹4,661 ₹11,859 ₹1,11,859
₹1,00,000 3 Years ₹3,274 ₹17,859 ₹1,17,859
₹1,00,000 4 Years ₹2,585 ₹24,059 ₹1,24,059
₹1,00,000 5 Years ₹2,174 ₹30,455 ₹1,30,455

Disclaimer: The EMI values above are indicative. The final EMI depends on the interest rate approved by the bank and the repayment tenure selected.

What are the Fees and Charges for the SBI Personal Loan of ₹1 Lakh?

Apart from the EMI and interest rate, borrowers should also consider additional charges associated with the loan. Borrowers planning to repay the loan earlier than scheduled often use a personal loan prepayment calculator to estimate potential savings, helping them understand how early repayment can reduce the total interest burden. Applicants considering an SBI personal loan of 1 lakh should be aware of the following costs:

  • Processing Fee: Up to 1.50% of the loan amount plus GST
  • GST: Approximately 18% GST applied on applicable charges
  • Verification Charges: Costs related to document verification may apply
  • Stamp Duty: Applicable depending on state regulations

Many borrowers use the SBI personal loan EMI calculator to understand how tenure affects their monthly payment.

What Documents Are Required for an SBI Personal Loan of ₹1 Lakh?

Applying for an SBI one lakh loan requires submitting basic documents so the bank can verify identity, address and financial capacity. Applicants sometimes review their financial position before applying by checking their eligibility through a personal loan eligibility calculator, which helps estimate whether their income and financial obligations match the bank’s lending criteria. Keeping these documents ready before starting the application process can help avoid delays. For an SBI personal loan, the required documents generally include:

  • Application Form: Properly filled loan application with passport-size photographs
  • Identity Proof: Aadhaar card, PAN card, voter ID or passport
  • Address Proof: Utility bills, Aadhaar card or other valid address documents
  • Income Proof: Salary slips, bank statements or financial documents, depending on the applicant’s employment type

What are the Eligibility Criteria for the SBI Personal Loan of ₹1 Lakh?

Eligibility for a 1 lakh personal loan from SBI depends on several factors, including age, income stability and credit history. Since the loan is unsecured, the bank reviews the applicant’s repayment capacity before approving the request. Typical eligibility conditions include:

  • Applicant Type: Salaried individuals, self-employed professionals, pensioners and government employees
  • Age Limit: Generally between 21 and 76 years
  • Minimum Income: Around ₹15,000 per month, depending on employment type
  • EMI/NMI Ratio: Usually expected to remain below 50%
  • Citizenship: Applicant must be an Indian citizen

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Frequently Asked Questions (FAQs)

How to get a 1 lakh personal loan from SBI?

You can apply through the SBI website, mobile banking app, or by visiting a branch. Submit identity, income and address documents for verification. Once approved, the loan amount is credited directly to your bank account.

What is the EMI for a ₹1 lakh SBI personal loan?

The EMI depends on the tenure and interest rate offered by the bank. For example, a five-year tenure at around 11% interest may result in an EMI of roughly ₹2,100 per month.

What interest rate applies to an SBI personal loan of ₹1 lakh?

Interest rates usually start from around 10.55% per annum, though the final rate depends on the applicant’s credit score and financial profile.

Can a self-employed person apply for a loan of one lakh from SBI?

Yes, self-employed individuals may apply if they can provide proof of income, such as business financial statements or income tax returns.

How quickly can SBI disburse a ₹1 lakh personal loan?

Once the documents are verified and the application is approved, the bank may disburse the loan within a few working days, depending on internal checks.

Is prepayment allowed for a ₹1 lakh personal loan from SBI?

Yes, SBI allows borrowers to repay the loan early or make partial payments before the tenure ends, although certain prepayment charges may apply.

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