Introduction to Festive Season Personal Loans

SBI offers attractive personal loan rates for the festive season, starting at 10.50% p.a. Loanpao partners with SBI to provide quick approvals and flexible repayment options, perfect for festive expenses like weddings, travel, or home renovations.

Why Choose SBI Festive Personal Loans?

SBI’s festive season personal loans are tailored for 2025 celebrations, offering:

  • Competitive Rates: Interest rates start at 10.50% p.a., linked to SBI’s MCLR (9.05% as of March 2025).
  • Quick Approvals: Instant pre-approvals via Loanpao’s digital platform, with full approval in 24–48 hours.
  • Flexible Tenure: Repayment periods from 6 months to 6 years to suit festive budgets.
  • No Hidden Charges: Transparent fees, with processing charges as low as 1.50% of the loan amount.
  • Special Offers: Women borrowers get a 0.05% p.a. rate concession; zero processing fees for select schemes until December 31, 2025.

SBI Personal Loan Schemes for Festive Season

SBI’s festive personal loan offerings for 2025 include:

Scheme Purpose Loan Amount Tenure Interest Rate
SBI Xpress Credit Personal expenses Up to ₹35 lakh Up to 6 years 10.50% p.a. onwards
SBI Pension Loan Festive needs for pensioners Up to ₹14 lakh Up to 5 years 10.75% p.a. onwards
SBI Quick Personal Loan Urgent festive expenses Up to ₹20 lakh Up to 5 years 10.65% p.a. onwards
SBI Festive Bonanza Loan Weddings, travel, shopping Up to ₹50 lakh Up to 6 years 10.45% p.a. onwards

Note: Rates vary based on credit score, income, and loan amount. Women borrowers receive a 0.05% p.a. concession. Zero processing fees apply to Festive Bonanza Loans until December 31, 2025.

Eligibility for SBI Festive Personal Loans

Key eligibility criteria include:

  • Age: 21–65 years for salaried; 21–70 years for self-employed.
  • Income: Minimum monthly income of ₹25,000 for salaried; ₹5 lakh p.a. for self-employed.
  • Credit Score: Minimum CIBIL score of 650; higher scores may secure lower rates.
  • Employment: Minimum 1 year of employment for salaried; 2 years for self-employed.
  • Residency: Indian residents or NRIs with valid documentation.

Documents Required

Essential documents for SBI festive personal loan applications:

  • Identity Proof: PAN, Aadhaar, Passport, Voter ID.
  • Address Proof: Aadhaar, Utility Bill, Rent Agreement.
  • Income Proof: Salary slips (last 3 months), ITRs (last 2 years), bank statements (last 6 months).
  • Employment Proof: Appointment letter, business registration for self-employed.

How to Apply with Loanpao

Loanpao simplifies the festive loan application process:

  1. Visit Loanpao’s platform and select festive personal loan options.
  2. Check eligibility using online tools tailored for festive expenses.
  3. Upload KYC and income documents digitally.
  4. Receive instant pre-approval and final approval within 24–48 hours.

Tip: Use Loanpao’s EMI calculator to plan festive expenses and ensure timely document submission for faster processing.

Benefits of Festive Personal Loans

Key advantages for borrowers include:

  • Quick Disbursal: Funds credited within 24 hours post-approval for festive needs.
  • Flexible Usage: No restrictions on loan usage—ideal for weddings, travel, or shopping.
  • Low Processing Fees: As low as 1.50%, with waivers for select schemes.
  • Digital Tracking: Monitor applications and repayments via Loanpao’s platform.
  • Festive Offers: Exclusive rate concessions and cashback for applications before December 31, 2025.

Frequently Asked Questions

Rates start at 10.50% p.a., with a special 10.45% p.a. for Festive Bonanza Loans, subject to credit score and loan amount.

Instant pre-approvals via Loanpao, with final approval and disbursal within 24–48 hours.

Prepayment penalties of up to 3% may apply for fixed-rate loans; confirm terms during application.

Yes, NRIs with valid documentation and income proof can apply via Loanpao’s platform.