SBI Personal Loan of 30000

  • Personal Loan By Profession
  • Personal Loan By Other
  • Personal Loan By Scheme
  • Personal Loan By Amount

The SBI personal loan of ₹30,000 is best for borrowers who need short-term financial support without a complicated application process. A ₹30,000 personal loan can help with medical bills, emergency repairs, travel expenses and other immediate needs. It is an unsecured loan, so borrowers do not have to pledge collateral to obtain it. The State Bank of India offers flexible repayment options through Equated Monthly Instalments (EMIs). Borrowers can select a tenure that suits their monthly budget. The SBI personal loan interest rate starts at 11.15% per annum. Before applying for an SBI personal loan of 30,000, it is always wise to understand the features, repayment terms, and eligibility requirements. This will help plan the loan properly and avoid repayment difficulties later.

Get in Touch for Personal Loan Expert Advice
Connect with our Personal Loan Advisor Now!
  • Personalized Personal Loan solutions
  • Expert guidance
  • Application assistance
  • Credit score discussion
  • Personal Loan Interest rate comparison
+91
Choose City

Terms and Conditions

CONSENT IN RELATION TO ACCESS TO CREDIT INFORMATION THROUGH Equifax

End-user (customer)hereby consents to Loantap financial technology being appointed as your authorized representative to receive your Credit Information from Equifax on an ongoing basis until the purpose of Credit Risk Assessment. is satisfied or the expiry of 6 months from the date the consent is collected; whichever is earlier.

This End User Agreement (the “Agreement” ) is made between you (the “User” or “You” ) and Urban Money Private Limited hereinafter referred to as “URBAN MONEY ”, a private limited company having its registered office at 1st Floor, Tower A, M3M Urbana Business Park, Sector 67, near M3M Urbana, Gurugram, Haryana 122001. (“Urban Money ”, “Us” or “We”, which term shall include its successors and permitted assigns). The User and URBAN MONEY shall be collectively referred to as the “Parties” and individually as a “Party”.

Written By
Abigail Simmons
Abigail Simmons
Driven by a curiosity for how everyday decisions shape our financial journeys, Abigail turns complex money matters into clear, engaging stories. She helps readers understand financial trends, whether it’s credit, loans, or smart money habits. When she is not decoding RBI updates or tracking industry shifts, she’ll be comparing savings hacks or just taking a long walk.
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: 4 April 2026

What are the Features of the SBI ₹30,000 Personal Loan?

Before applying for an instant SBI personal loan of 30000, it helps to review the basic loan features offered by the bank.

Highlights Details
Loan Amount ₹30,000
Maximum Loan Tenure Up to 6 years (72 months)
Rate of Interest (p.a.) 11.15% – 15.30%
Overdraft Facility Available
Pre-Approved Facility Available

₹30,000 Personal Loan EMI for Up to 6 Years

The EMI for a loan depends mainly on the tenure you choose. A shorter tenure increases the monthly payment but reduces total interest. A longer tenure spreads the payments out and lowers the EMI. The following table shows estimated EMI values for a 30k SBI personal loan calculated at an interest rate of 11.15% per annum.

Loan Tenure Loan Amount Interest Rate (p.a.) Monthly EMI Total Repayment
1 Year ₹30,000 11.15% ₹2,654 ₹31,848
2 Years ₹30,000 11.15% ₹1,400 ₹33,600
3 Years ₹30,000 11.15% ₹984 ₹35,424
4 Years ₹30,000 11.15% ₹778 ₹37,344
5 Years ₹30,000 11.15% ₹654 ₹39,240
6 Years ₹30,000 11.15% ₹573 ₹41,256

Borrowers can also estimate their monthly instalment using the SBI Personal Loan EMI Calculator or a standard Personal Loan EMI Calculator.

Comparing ₹30,000 SBI Personal Loan With Other Banks

Looking at other lenders can help borrowers understand how SBI’s offering compares with similar personal loans available in the market.

Bank Name Interest Rate (p.a.) Maximum Loan Tenure
SBI 11.15% – 15.30% 6 Years
ICICI Bank 10.60% – 16.50% 6 Years
TATA Capital 10.99% – 24.00% 6 Years
Kotak Mahindra Bank 10.99% – 20.00% 6 Years
Standard Chartered 11.49% – 19.00% 5 Years
L&T Finance 11.00% – 24.00% 4 Years

Interest rates and loan terms may vary slightly depending on your income profile, credit history, and employer category.

What are the Fees & Charges for an SBI Personal Loan of ₹30,000?

Apart from interest, borrowers should also understand the additional costs associated with a 30000 SBI personal loan.

Fee/Charge Details
Processing Fee 1.50% of the loan amount (Minimum ₹1,000 / Maximum ₹15,000) + GST. For a ₹30,000 loan, the minimum charge of ₹1,000 usually applies
GST 18% GST applies to processing fees and other service charges
Additional Charges Stamp duty (as per state laws) and document verification expenses may apply.

Borrowers planning early repayment can estimate savings using a Personal Loan Prepayment Calculator.

What are the Documents Required for an SBI Personal Loan of ₹30,000?

To apply for a 30,000 personal loan from SBI, applicants must submit the required documents to verify their identity and repayment capacity.

  • Application Form: A completed loan application form along with 2 passport-size photographs.
  • KYC Documents: PAN Card (mandatory) and valid address proof such as Aadhaar Card, Voter ID, or Passport.
  • Income Proof: Last six months’ salary account statements and recent salary slips.
  • Tax Documents: Latest Form 16 or Income Tax Return (if applicable).

Keeping these documents ready usually helps speed up the approval process.

What are the SBI ₹30,000 Personal Loan Eligibility Criteria?

Before applying for an SBI personal loan of ₹30,000, it is useful to check whether you meet the bank’s eligibility requirements. Borrowers can also verify their eligibility using a Personal Loan Eligibility Calculator.

  • Qualified Applicants: Salaried professionals working in Government departments, PSUs, or reputed private companies, as well as pensioners. Self-employed applicants may need to apply under the SBI Saral scheme.
  • Age Criteria: 21 to 60 years for salaried applicants. Pensioners may apply up to the age of 76.
  • Minimum Income: ₹25,000 per month for most corporate employees and ₹20,000 for Government or Defence personnel.
  • EMI/NMI Ratio: To maintain financial discipline, the EMI should generally not exceed 50% to 65% of the borrower’s Net Monthly Income.
  • Citizenship Requirement: Applicants must be Indian citizens.

How to Apply for an SBI ₹30,000 Personal Loan?

Borrowers can apply for an SBI personal loan through Urban Money. The process usually takes only a few minutes to start.

  • Visit the official Urban Money website.
  • Select “Personal Loan” under the loan category
  • Against the SBI ₹30,000 personal loan scheme, click “Enquire Now”.
  • Enter basic details like your name, city, loan type, and mobile number.
  • Verify your identity using the OTP sent to your registered number.

A loan specialist will contact you shortly to guide you through the next steps. Once the application is approved, the loan amount is credited directly to your bank account.

Apply for Personal Loan at Low Interest Rates

Start your application and get matched with the best personal loan offers instantly.

Apply Now

Frequently Asked Question (FAQs)

What is the monthly interest rate on a ₹30,000 personal loan from SBI?

Interest is quoted annually. With rates starting around 11.15% per year, the monthly interest works out to roughly 0.93% on a reducing balance basis.

Is it possible to obtain a ₹30,000 personal loan from SBI?

Yes. Under the SBI Xpress Credit scheme, the minimum loan amount is ₹25,000. This means a 30000 SBI personal loan is well within the bank’s lending limits.

Can I get a ₹30,000 personal loan from SBI without a salary slip?

Salary slips are usually required for salaried applicants. But existing SBI customers may qualify for a Pre-Approved Personal Loan (PAPL) through the YONO app, which allows a paperless application process.

What is the recommended CIBIL score for ₹30,000 personal loans from SBI?

A CIBIL score of 670 or above is generally preferred for corporate employees. Government and Defence personnel may qualify with a score of around 650.

Quick Links

Loan Offers By State Bank Of India's

Personal Loan by Nationalized Bank

Personal Loan by Private Bank

Personal Loan by NBFC

Personal Loan Calculators

State Bank Of India Calculators

Urban Money

Products & Offers

Loans

Tools & Calculators

Calculator

CIBIL Score

Credit Score

Credit Cards

Credit Cards
Become a Partner

Disclaimer:

The website may provide information about various loan products, insurance products, credit scores & links to other websites or resources over which urbanmoney.com does not have control as such information & links are received from the Banks, NBFCs, Insurance companies & credit rating agencies. Users of this website acknowledge that urbanmoney.com is providing these information & links only as a convenience, and further agree that urbanmoney.com is not responsible for the veracity of such information. Please note that users are advised to independently verify the information & do other requisite due diligence before making any decision and that urbanmoney.com nor its employees, partners, and associated staff are not accountable for any loss, harm, or damage due to usage of information from this website.  And further that user’s use of links to such external websites are subject to the terms of use and privacy policies located on those sites.

© 2026 www.urbanmoney.com. All rights reserved.