The State Bank of India (SBI) is one of the most trusted banks in India when it comes to personal loans. In 2025, SBI continues to offer easy and flexible personal loan options that can go up to ₹10 lakh, making it a reliable choice for salaried individuals.
But the big question most people ask is—how much salary do you need to qualify for a ₹10 lakh loan, and what will be the exact EMI? Let’s break it down.
Minimum Salary Requirement
To be eligible for an SBI personal loan of ₹10 lakh, a borrower must have a minimum monthly salary of around ₹25,000–₹30,000 depending on the city, employer profile, and credit history.
SBI also checks the borrower’s CIBIL score, job stability, and existing EMIs before approving such a big amount. The higher your income and credit score, the easier it is to get loan approval at favorable interest rates.
EMI Calculation for ₹10 Lakh Loan
Let’s assume an interest rate of 11% per annum with a repayment tenure of 5 years (60 months).
- Loan Amount: ₹10,00,000
- Tenure: 60 months
- Interest Rate: 11% p.a.
- Approx EMI: ₹21,750 per month
This means a person earning ₹50,000–₹60,000 monthly can comfortably manage this EMI, while still leaving room for other expenses.
Features of SBI Personal Loan 2025
- Loan amount ranges from ₹50,000 to ₹20 lakh
- Flexible repayment tenure of 12 to 72 months
- Attractive interest rates starting around 10.5% per annum
- No hidden charges with transparent processing
- Quick disbursal, especially for salaried individuals with existing SBI accounts
These features make SBI’s personal loan a go-to option for urgent financial needs like education, medical expenses, weddings, or home renovation.
Benefits for Borrowers
Borrowers enjoy the benefits of low processing fees, optional insurance cover, and part-prepayment facilities. With digital applications, the process is much faster and requires minimal paperwork.
Additionally, SBI’s wide presence ensures you can access services from anywhere in India without hassle.
Pros & Cons of SBI Personal Loan 2025
Pros:
- High loan amount with easy eligibility
- Transparent process with quick disbursal
- Flexible repayment options
- Available across India
Cons:
- Higher interest rates for borrowers with low credit scores
- EMI burden may be high for lower-income applicants
