State Bank of India (SBI), one of India’s largest and most trusted banks, offers personal loans to meet various financial needs. If you need a quick loan of ₹50,000, SBI provides a hassle-free application process with competitive interest rates. Here’s a step-by-step guide on how to apply for an SBI personal loan of ₹50,000 in 2025.
Eligibility Criteria for SBI Personal Loan
Before applying, ensure you meet the following eligibility requirements:
- Age: 21 to 60 years (salaried) / 21 to 65 years (self-employed)
- Income: Minimum monthly income of ₹15,000 (may vary based on location)
- Employment: Salaried individuals, self-employed professionals, or business owners
- Credit Score: 650 or above (preferably 750+ for better approval chances)
- Work Experience: At least 2 years for salaried, 3 years for self-employed
Documents Required
You will need the following documents for verification:
- Identity Proof: Aadhaar Card, PAN Card, Passport, or Voter ID
- Address Proof: Aadhaar Card, Utility Bill, Passport, or Rental Agreement
- Income Proof:
- Salaried: Latest 3 months’ salary slips, Form 16, bank statements
- Self-employed: ITR for the last 2 years, business proof, bank statements
- Employment Proof: Employment certificate (for salaried) / Business registration (for self-employed)
Steps to Apply for an SBI ₹50,000 Loan in 2025
1. Online Application (Via YONO SBI or SBI Website)
- Visit the official SBI website (www.sbi.co.in) or download the YONO SBI app.
- Log in using your internet banking credentials (if existing customer) or register as a new user.
- Navigate to the “Loans” section and select “Personal Loan.”
- Fill in the required details (loan amount, tenure, purpose, etc.).
- Upload scanned copies of the necessary documents.
- Submit the application and note the reference number.
2. Offline Application (Via SBI Branch)
- Visit the nearest SBI branch and request a personal loan application form.
- Fill out the form with accurate details and attach the required documents.
- Submit the form to the bank representative.
- The bank will verify your details and process the application.
3. Loan Approval & Disbursement
- Once submitted, SBI will verify your documents and credit score.
- If approved, you will receive a loan offer with the interest rate and tenure.
- Accept the terms, and the loan amount (₹50,000) will be disbursed to your account within 24-72 hours.
Interest Rates & Repayment Terms
- Interest Rate: 10.50% p.a. to 15.50% p.a. (subject to change in 2025)
- Loan Tenure: 6 months to 5 years
- Processing Fee: Up to 1.5% of the loan amount + GST
Tips for Quick Approval
- Maintain a good credit score (750+).
- Ensure all documents are correctly submitted.
- Avoid multiple loan inquiries before approval.
- Choose a suitable repayment tenure to reduce EMI burden.
Conclusion
Applying for an SBI personal loan of ₹50,000 in 2025 is simple, whether online or offline. With quick processing and competitive rates, SBI remains a preferred choice for borrowers. Ensure you meet eligibility criteria, submit accurate documents, and maintain a strong credit profile for a smooth loan approval process.
For more details, visit the official SBI website or contact customer care at 1800 1234.
Would you like assistance in comparing other loan options or checking pre-approved offers? Let me know!