SBI Loan Without Security – Apply Online, Eligibility, For Students & Salaried Full Guide
If you need money urgently, want a loan without any property or gold, then SBI Personal Loan without security can be the best option. In today’s article we will know in detail:
- How to apply SBI loan without security online
- Which app to use
- What is eligibility for students and salaried people
- How to get a loan up to ₹1 lakh from SBI YONO app
- And most importantly – how to get the best interest rate
All this information you will get in a human and simple English language, so let’s start.
SBI Personal Loan Without Security – What Is It?
SBI’s personal loan is an unsecured loan – meaning you don’t need to give any collateral (security) like property, gold, FD etc.
This loan you can use for any personal work:
- Marriage
- Medical Emergency
- Home renovation
- Education
- Vacation
- Or any urgent financial need
SBI Loan Without Security Apply Online – Step-by-Step Guide
✅ Option 1: Apply from SBI YONO App
SBI YONO (You Only Need One) is an all-in-one app through which you can do banking as well as loan application.
🔸 Step-by-Step Process:
- Download YONO app (Play Store / App Store)
- Login with your SBI net banking credentials
- On dashboard choose “Loans” section
- Click on “Personal Loan” or “Xpress Credit” option
- Your eligible amount will be shown
- Fill basic details (income, occupation)
- Do Aadhaar OTP + PAN verification
- Accept loan offer
- After KYC verification money is directly credited to your account
Note: If your salary account is in SBI, then the process becomes even faster.
SBI Loan Without Security App – Which To Use?
Official SBI apps from which you can apply for personal loan:
| App Name | Purpose |
|---|---|
| SBI YONO | Apply for personal loan, track EMI |
| SBI YONO LITE | Basic banking + loan status |
| SBI Quick | Check loan offers and enquiry |
You should use SBI YONO app if you want full digital loan. In this there is 100% paperless process, and up to ₹1 lakh loan within minutes can be received if you are pre-approved.
SBI Personal Loan Eligibility – Who Can Take Without Security?
For Salaried Individuals:
- Minimum monthly salary ₹15,000
- Salary account should be in SBI (for Express Credit)
- Employment in: Central/State Government, PSU, Reputed private sector
- Age: 21 to 58 years
- Minimum 6 months job continuity
- Good credit score (750+ recommended)
For Students:
Direct personal loan is not for students, but education loan option is available with SBI.
If student does not have income proof, then a guardian has to be co-borrower. Education loan or overdraft facility can be used in that case.
For Self-Employed:
- Business proof (GST, ITR)
- Minimum ₹2–3 lakh annual income
- ITR, bank statement, PAN, Aadhaar mandatory
SBI YONO ₹1 Lakh Loan – How To Get?
In SBI YONO app if you are pre-approved customer, then bank itself offers you instant loan up to ₹1 lakh.
Conditions:
- Your salary account should be in SBI
- Good EMI payment history
- No default or overdue
- Good credit score
Offer is visible in YONO dashboard – where you can take loan in one click. No document upload, no branch visit.
- Interest rate: Starting from 10.5%
- Tenure: 6 months to 6 years
- Disbursal Time: 1–2 minutes after approval
SBI Loan Without Security for Salaried – Best Option?
Yes, for salaried people SBI Xpress Credit Loan is the best unsecured loan option:
| Feature | Details |
|---|---|
| Loan Amount | ₹25,000 to ₹20,00,000 |
| Interest Rate | Approx 11% – 14% |
| Tenure | 6 months to 6 years |
| Processing Fee | 1% + GST |
| Prepayment Charges | 3% (negotiable) |
| Eligibility | ₹15,000 minimum salary, SBI salary account |
💡 Tip: Negotiate with bank – if salary is higher then interest rate can be lower.
Documents Required for SBI Personal Loan
| Document Type | Examples |
|---|---|
| Identity Proof | Aadhaar, PAN |
| Income Proof | Salary Slip (last 3 months), Form 16 |
| Bank Proof | Last 6 months SBI account statement |
| Address Proof | Aadhaar, utility bill |
| Others | Passport-size photo, application form |
💡 Tip: Documents should be clear and updated – otherwise there is risk of rejection.
Lon Interest Rate, EMI & Charges
| Charge / Rate | Details |
|---|---|
| Interest Rate | 10.5% – 14% (floating/fixed) |
| Processing Fees | 1% + GST |
| Pre-closure Charges | 3% (but negotiable) |
| EMI Bounce Penalty | ₹500 – ₹750 approx per instance |
| Late Payment Penalty | 2% per month |
EMI Calculator: From SBI official website or YONO app you can use EMI calculator to calculate monthly installment.
Comparison with NBFCs
You may find apps like Bajaj Finserv, MoneyTap easy – but:
| Feature | SBI Personal Loan | NBFC Loan (Bajaj, etc.) |
|---|---|---|
| Interest Rate | 10% – 14% | 18% – 25% |
| Processing | Low | High |
| Transparency | High | Medium |
| Hidden Fees | Almost None | Often present |
💡 Advice: If you want affordable and secure loan, then public sector bank like SBI is the most trusted option.
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FAQs – Fast Answers
Do you need security in SBI personal loan?
No, this is unsecured loan – given without security.
Is there personal loan for students?
Direct personal loan no, but can apply with co-borrower or education loan.
How to get SBI YONO ₹1 lakh loan?
If you are pre-approved, then instant loan is available from YONO app.
How much is processing time?
On online application loan disbursal happens in 24–48 hours (sometimes even in 2 minutes).
Is there penalty on missing EMI?
Yes, on late EMI payment ₹500 – ₹750 + 2% interest can be charged.
Final Conclusion
If you need money quickly, without any collateral, then SBI personal loan is a reliable and low-cost option.
From YONO app you can take instant loan up to ₹1 lakh. If salaried then even easier. For students education loan route is best.
Before applying:
- Check eligibility
- Improve credit score
- Use SBI app (YONO)
- And always compare loan offers
💡 Pro Tip: Negotiate – interest rate and processing charges both can be reduced if your profile is strong.
If you found this guide helpful, then share with friends. And if you have any question related to loan or banking, don’t forget to comment or ask. 😊
