State Bank of Patiala Personal Loan

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Rates as low as 10.99%*
Loans Up to 30 Lacs
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About State Bank of Patiala Personal Loan

State Bank of Patiala Personal Loan


General-purpose loan for individuals for meeting their varying needs.

Eligibility State Bank of Patiala Personal Loan

  • State/ Central Govt. employees, employees of Public Sector Undertakings/reputed profit-making public limited companies, reputed institutions and MNCs with a minimum service of 2 years.
  • Self-employed engineers, doctors, architects, chartered accountants, MBAs with a minimum 2 years’ standing and aged 60 years or below.
  • Pensioners of PSUs/Govt. (Central/ State)/public sector banks including those who have taken premature voluntary retirement and are 60 years of age or below.
  • Agents of insurance/KVP/Mutual Funds etc. with 3-5 years’ standing who are tax assesses and whose gross annual income exceeds `.2.00 lacs and are 60 years of age or below.

Minimum Monthly Income

  • `. 6000/- per month for employees/ pensioners and
  • `. 60000/- p.a. for professionals and self-employed individuals as per the latest income tax return.

Minimum Loan Amount

`. 25, 000/-

Maximum Loan Amount

18 months Net Monthly Income (NMI)/1.50 time of Net Annual Income (NAI), subject to the Equated Monthly Installment (EMI) not exceeding 50% of NMI.


  • 10.00 lacs in six metros (Delhi, Mumbai, Kolkata, Chennai, Bangalore, and Hyderabad)                         
  • 7.50 lacs in other centers.

Other conditions:

  • In the metros of New Delhi (including areas of Gurgaon in Haryana), Mumbai, Bangalore, and Hyderabad where a self-employed professional maintains satisfactorily conducted account with the branch or salary of individuals is regularly credited to their account with our Bank, a ceiling of `.20 lacs would apply, provided all other terms and conditions are satisfied.
  • For persons who have taken early retirement – `.1.5 lacs.

Processing  Fee State Bank of Patiala Personal Loan

1.10% of the loan amount + service tax

Repayment period State Bank of Patiala Personal Loan

Up to 60 months in equated monthly installments

Documents State Bank of Patiala Personal Loan

From salaried individuals:

  •      Latest salary slips and forms 16.
  •      Letter of Authority from Employee authorizing the employer to deduct monthly installment          out of salary for remitting to bank and
  •      Letter of Undertaking from the employer for check off facility OR
  •      Letter of Authority from employee/ applicant authoring the Bank to deduct the loan installment out of the salary routed through a branch.

From self-employed individuals and professionals:

  •         IT returns for the last two financial years.
  •         Proof of professional qualification:
  •         [Copy of highest professional degree held].
  •        Proof of office/commercial address.

State Bank of Patiala Personal Loan Interest Rates:

Personal Loan Scheme  


Personal Loan Scheme

2.25% above BPLR

(Where a check-off facility is not available). 

1.75% above BPLR

 (Where a check-off     facility is available).


 5% above Base Rate 

 Where a check-off facility is not available. 

 6.25% above Base Rate

 Where a check-off facility is available.

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