SBI Personal Loan Indore - IFSC, Rates March 2024, Eligibility, EMI

SBI Personal Loan in Indore

SBI Personal Loan Interest Rates in Indore

Interest Rate11.00% - 14.00%
Loan amountMinimum - ₹24,000 in metro & urban areas, ₹10,000 in rural areas
Maximum - ₹15,00,000
TenureUp to 5 years
Processing Fee1% - 3% of the loan amount + GST

SBI Indore Branches with IFSC Codes and Customer Care Number

The branch address, IFSC Code, MICR Code and customer care details of State Bank of India branches located in Indore are mentioned in the table below:

Branch NameComplete AddressIFSC CodeMICR CodeContact Number
Service Branch, IndoreAB Road Indore
Indore Main

Near GPO, A. B. Road, Indore, M.P.SBIN00003874520020020755-5298501
Commercial Branch, Indore

Commercial Branch, Near GPO, A.B. Road, Indore - 452001
M.G. Road Indore

S13, M.G. Road, Indore, M.P., Pin 452002
SBIN00032184520020040731-5298033, 0731-2535800
Godha Colony Indore

921, Bhanwar Kuwa Road, Near Tower Crossing, Pin 452004SBIN00036634520020070731-5298016 0731-5298017
CSWT BSF Campus, Indore

Bijasan Road, Airport Road Indore , Dist. Indore, Madhya Pradesh , Pin - 452002SBIN00045184520020080731-2629015, 2629013
Neelkanth Colony

113, Netaji Subhash Marg, Jinsi, Indore, Indore Pin - 452006SBIN00095094520020090731-2419644
Cat Sukhnivas, Indore

Cat Campus, Cat Colony, Sukhniwas, Indore, Dist. Indore, Pin - 452013SBIN00084844520020120731-2320591, 2487076, 0731-2322007
SSI Indore

Indore Industrial Estate, Polo Ground, Indore, M.P. 452015SBIN00040374520020130731-2424466 2423416
Manikbagh Road, Jabalpur

30, Godha Colony, Manik Bagh Road, Indore, M.P. 452004SBIN00040894520020140731-5298013
PBB Indore

Ground Floor, 27, Scheme - 54 PU 3, Commercial Bhamori, Vijaynagar, AB Road, Indore, M.P. , Pin - 452010SBIN00042064520020150731-2575059
SHFB Indore

29 Starlit Towery , N Marg , M G Road Indore , Pin - 452001SBIN00044294520020170731-5298081, 5298082
PBB Sapana Sanageeta, Indore

93 - Sneh Nagar, Sapna - Sangeeta Road, Personal Banking Branch - Indore , Pin - 452001SBIN00043884520020180731-5078132
Prakash Nagar Indore
Nemawar Road, Sajan Nagar, Indore 452001SBIN00051924520020190731-4224152
Aykar Bhavan, Indore

Collectorate Office Campus, Indore 452001SBIN00101394520020230731-2476323
Centralised Clg Processing Centre, IndoreSBI Main Br Premises, 1st Floor, IndoreSBIN00105544520020249425308239
Basant Vihar Colony, Indore
Dist Indore State Madhya PradeshSBIN00117634520020280731-2554748
Khandwa Road, Indore
Dist. Indore, State Madhya PradeshSBIN00117794520020299754726950
Annapurna Road, Indore

Indore, 300, Usha Nagar Main, Annapurna Road, Indore M.P., Dist Indore 452001SBIN00126594520020329926649703
ADB Sanwer

Dist Indore, Madhya Pradesh 453551SBIN00030174530020011860 180 1290
RNT Marg, Indore

8 A, Silver Mall, Ravindra Nath Tagore Marg, Indore 452001 Madhya PradeshSBIN00601804520020260731-522733
Indore, Siyaganj

22, Jawahar Marg Siyaganj Indore M.P. 452007SBIN00604164520020270731-2364378
Sanyogitaganj, Indore
4 Shriddhanand Marg, Chhawni, Indore - 452001SBIN00300134520050080731-2706514
Palsikar Colony, Indore
22, Palsikar Colony, Indore - 452004SBIN00300144520050070731-2366329, 2366105
P.Y. Road Indore

1 Prince Yashwant Road, Indore - 452004SBIN00300154520050020731-2548687, 2548689
Industrial Estate, Indore96, Pologround, Indore - 452001
SBIN00300164520050050731-2423416, 2423406
Rajmohalla, Indore

235, Jawahar Marg, Malgank, Indore - 452002SBIN00300174520050230731-2451511
Rajwada Chowk, Indore

Shiv Vilas Palace, Rajwada Chowk Indore - 452004SBIN00300184520050240731-2544746
Mill Area, Indore

121, Devi Ahilya Marg, Near Agniban Press, Indore - 452003SBIN00300194520050160731-2533751, 2539287
Cloth Market, Indore

73, Sitlamata Bazar, Cloth Market, Indore - 452002SBIN00300204520050040731-2454687, 2454582
Siyaganj, Indore

9. Maharani Road, Siyaganj Indore - 452007SBIN00300214520050090731-2540822, 2544186
M.G. Road, Indore

Kothari Market, M G Road, Indore - 452007SBIN00301074520050140731-2544786
Navlakha, Indore

Anaj Mandi, Navlakha, Indore - 452001SBIN00301094520050060731-2461760, 2461737
Laxmibai Nagar SSI Fin, Indore

48 - A, Kila Maidan, Indore - 452006SBIN00301264520050130731-2410891, 2411497
University Campus, Indore

RNT Marg, Univ. Campus, Indore - 452001SBIN00301274520050100731-2523812
IFB, Indore

Abhay Khel Prashal, Race Cource Road, Indore - 452003SBIN00303404520050030731-2542732, 2540655
Nemi Nagar (Jain Colony), Indore

4 Indralok Colony, Babu Labhchand Chhajlani Marg, Indore - 452009SBIN00303444520050180731-2363736
Shri Vaishnav Poly College, Indore

Friends House, Bangali Chouraha, Ring Road, Kanadia Road, Indore - 452009SBIN00303604520050260731-2384018

SBI Indore Main Branch with IFSC Code

  • Branch Name: Indore Main
  • Complete Address: Nehru Stadium, GPO, Ushaganj, White Church Colony, Indore, Madhya Pradesh 452001
  • IFSC Code: SBIN0000387
  • MICR Details: 452002002
  • Customer Care Number: 0755-5298501

Personal Loan EMI Calculator

A personal loan EMI calculator is the tool that takes into account the basic details of your loan like the loan amount, interest rate (p.a.) and the loan amount. On the basis of these details, you get the EMI, the total interest outgo and the total amount (interest+principal). Here is an example showing the payments you will have to do if you take a personal loan from SBI worth ₹6,00,000 for the tenure of 5 years and an interest rate of 13.5% p.a.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 6,00,00013.5%1₹ 53,731₹ 44,775₹ 6,44,775
₹ 6,00,00013.5%2₹ 28,666₹ 87,989₹ 6,87,989
₹ 6,00,00013.5%3₹ 20,361₹ 1,33,002₹ 7,33,002
₹ 6,00,00013.5%4₹ 16,246₹ 1,79,798₹ 7,79,798
₹ 6,00,00013.5%5₹ 13,806₹ 2,28,354₹ 8,28,354

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

YearPrincipalInterestBalance Amount
1₹ 90,111₹ 75,559₹ 5,09,888
2₹ 1,03,058₹ 62,613₹ 4,06,830
3₹ 1,17,864₹ 47,806₹ 2,88,965
4₹ 1,34,799₹ 30,872₹ 1,54,166
5₹ 1,54,319₹ 11,505₹ 0

Eligibility Criteria

The eligibility criteria to apply for a personal loan at State Bank of India in Indore is as follows:

  • Salaried individual of good quality corporate, self- employed engineer, doctor, architect, chartered accountant, MBA with minimum 2 years standing
  • Central and state Government
  • Quasi-Government
  • Central PSUs
  • Profit making State PSUs
  • Educational Institutions of National Repute
  • Selected Corporates
  • Pensioners

How to Apply

The process of applying for a personal loan at SBI is simple and quick. For an unsecured personal loan, there is easy documentation and instant approval facility available which saves your time. You can follow the online or offline process whichever you find convenient. You need to fill the loan application form which authenticated personal and professional details and submit it along with the documents checklist at your nearest bank branch or online.

SBI Personal Loan Application Form

In the application form for a personal loan, you must fill in the below-mentioned details:

  1. Personal details of the applicant/s
  2. Professional details of the applicant/s
  3. Loan details (amount and tenure)

Documents Checklist

The documentation needed to apply for a personal loan at SBI is as follows:

  • Latest Photograph
  • Photo Identity of the applicant & the guarantor
  • Residence Proof of the Applicant & Guarantor
  • Income Proof – Salary slips for last 3 months, ITR/ Form 16 for last 3 years (for salaried)

You may also read Personal Loan Indore

SBI has recently merged with its five associate banks after which all the customers of the associate banks will have their financial services facilitated by the SBI branch only.

  • Personal Loan Interest Rates March 2024
    HDFC Bank10.75% - 14.50%
    ICICI Bank10.75% - 19.00%
    IndusInd Bank10.25% - 26.00%
    Kotak Bank10.99%
    RBL14.00% - 23.00%
    SMFG India Credit12.00% - 24.00%
    Standard Chartered Bank11.49%
    Tata Capital10.50% - 24.00%