State Bank of India — review & key facts
Bank
✓ Regulated entity identified
Fact sheetevery field shows its verification state — no silent blanks
Public name
State Bank of India
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Legal lender
State Bank of India
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App ↔ entity relationship
State Bank of India is the regulated bank itself — no separate lending-service-provider relationship.
∅ Not applicable
RBI evidence
—
— Not disclosed
Loan amount
Minimum ₹1 lakh, up to ₹50 lakhs
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Tenure
Minimum 6 months, maximum 84 months
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Interest & APR
Starting from 10.00%* p.a. (rate table effective w.e.f. 01.04.2026)
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Processing fee
Up to 1.50% of the loan amount (min ₹1,000, max ₹15,000) + GST; waivers for certain customer categories
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Service fee
—
∅ Not applicable
Late-payment fee
Penal charges: 2.40% p.a. up to 60 days' irregularity; 5% p.a. beyond 60 days
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Prepayment / foreclosure
2% of the prepaid amount, with waivers for certain customer categories after specified periods
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KFS
—
— Not disclosed
Eligibility & KYC
Age 21–60. Min net monthly income ₹20,000 (Govt/Defence) or ₹25,000 (Corporate). Docs: PAN, 6 months' salary slips, employment proof, ITR/Form 16, 6 months' bank statements, KYC docs.
✓ Verified
Disbursal route
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— Not disclosed
Repayment route
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— Not disclosed
Grievance contact
Principal Nodal Officer, Customer Service Department · Toll-free: 1800 1234, 1800 2100, 1800 11 2211, 1800 425 3800 · customercare@sbi.co.in; contactcentre@sbi.co.in
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Editorial assessment
State Bank of India is a bank lending in its own name. Its official site publishes most of the core loan terms — compare the figures below against other lenders before applying. A grievance escalation contact is published on its official site.
Contact & registered office
Customer care1800 1234
Emailcustomercare@sbi.co.in
Grievance & complaints
Grievance Redressal Officer: Principal Nodal Officer, Customer Service Department
Not resolved in 30 days? RBI Ombudsman route →Alternatives to compare
Bandhan Bank
Bandhan Bank Limited
₹50,000 – ₹25,00,000 · Flexible repayment tenure – up to 60 months · Rates & Charges page (July 2026) states floating rates '8.55% – 13.52%'. The personal-loan landing page separately advertises 'from 9.50% p.a.' (up to 3 years) and '8.86% p.a.' (more than 3 years), effective 01 Aug 2026. Both figures reported as-is; not reconciled.
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