You cannot get a personal loan from SBI if your net monthly salary is ₹15,000. As per SBI’s eligibility criteria, the minimum required salary is ₹20,000 for government or defence employees and ₹25,000 for private sector employees. Since ₹15,000 does not meet the basic income requirement, you are not eligible for any type of personal loan from SBI.

Why You Can’t Get an SBI Personal Loan on ₹15,000 Salary

SBI offers personal loans primarily to salaried employees who meet specific criteria. These include government employees, defence personnel, and those working in reputed private-sector companies. However, all loan types require a minimum net monthly salary of at least ₹20,000 or ₹25,000, depending on the category.

✅ Minimum Salary Criteria for SBI Personal Loan

Employment Sector Minimum Net Monthly Salary
Government/ Defence Sector    ₹20,000
Corporate/ Private Sector    ₹25,000

So, with a salary of ₹15,000, you do not meet the minimum income threshold for any of the SBI personal loan schemes.

SBI Personal Loan Options – Explained

Let’s look at the different personal loan options SBI offers to eligible salaried employees:

1️⃣ SBI Xpress Credit Personal Loan

This is a popular personal loan scheme available for salaried employees with an SBI salary account.

Eligibility:

  • Must be a salaried employee of the Central/State Government, PSUs, Defence, Police, or private sector.

  • Should maintain a salary account with SBI.

  • Minimum service period:

    • Govt/Defence: 6 months

    • Corporate: 12 months

  • Age: 21–60 years

Salary Requirement:

  • ₹20,000/month (Government/Defence)

  • ₹25,000/month (Corporate)

Loan Amount:

  • Minimum: ₹1 lakh

  • Maximum: ₹35 lakh
    (Subject to 24x Net Monthly Income and EMI/NMI ratio ≤ 65%)

Repayment Tenure:

  • 6 to 84 months (Loan must end before retirement)

2️⃣ SBI Real-Time Xpress Credit (RTXC) – Through YONO

This is a fully digital loan for salaried customers who maintain a Salary Package Account with SBI.

Eligibility:

  • Must have an SBI salary account

  • Minimum salary: ₹25,000/month

Features:

  • Instant loan via YONO App

  • Aadhaar OTP-based e-sign

  • Paperless process

  • Loan Amount: ₹1 lakh – ₹35 lakh

  • Tenure: 6 to 72 months

3️⃣ SBI Pre-approved Personal Loan (PAPL)

This is for pre-qualified SBI account holders, even if they don’t have a salary account. Available via YONO and Internet Banking.

Eligibility:

  • You must have received a pre-approved loan offer from SBI

  • Available to salaried, non-salaried, and pensioners

  • Check eligibility by sending SMS: PAPL XXXX (last 4 digits of SBI account) to 567676

Features:

  • Instant disbursal 24x7

  • No paperwork

  • Up to ₹15 lakh

  • Select tenure and EMI date

Documents Required for SBI Personal Loan

  • Duly filled application form with photo

  • PAN Card

  • Salary slips (last 6 months)

  • ITR/Form 16 (latest)

  • Bank statement (6 months)

  • Valid identity and address proof (Aadhaar, Passport, Voter ID, etc.)

What to Do If Your Salary is ₹15,000?

If your salary is below ₹20,000, here are some alternate steps:

  1. Consider increasing your salary before applying.

  2. Look for NBFCs or digital loan apps that accept applicants with lower income.

  3. Check if any pre-approved offers are available to you via SBI’s YONO app.

  4. Improve your credit score and apply later when eligible.

Final Words

SBI does not offer personal loans to applicants earning ₹15,000 per month. The minimum net monthly salary required is ₹20,000 for government employees and ₹25,000 for private sector employees. If you're not currently eligible, consider improving your income or exploring other lenders that offer personal loans with lower salary thresholds.