Key facts: SBI vs TVS Credit personal loan
- Starting rate: SBI 10%, TVS Credit 14%. This is the lowest rate each loan provider advertises for a personal loan, not the rate everyone is offered.
- Gap between starting rates: 4 percentage points between the lowest and the highest.
- Top of the published range: SBI up to 15%, TVS Credit up to 35%.
- Maximum tenure: SBI 7 years, TVS Credit 3 years.
- Type of loan provider: SBI is a public sector bank; TVS Credit is an NBFC. Banks and NBFCs price floating rates differently.
- Official websites: sbi.bank.in, tvscredit.com.
- Pages checked: 4 official pages opened for this loan type.
- Loan types with a published rate: SBI 6, TVS Credit 1 (out of 8 we track).
- EMI on ₹5 lakh over 5 years: SBI ₹10,624, TVS Credit ₹11,634 a month, at each starting rate.
- Total interest on the same loan: SBI ₹1,37,411, TVS Credit ₹1,98,048.
- Last checked: 12 October 2026, on each loan provider's own website.
Who each loan provider suits on a personal loan
Built only from figures the loan providers publish. It says where each one is ahead on paper, not who will approve you.
Pick SBI if you want
- The lower published starting rate (10%)
- The longer maximum tenure (7 years)
Where TVS Credit stands
No clear edge on the published figures we could compare for a personal loan. Check the table below and the Key Fact Statement.
SBI vs TVS Credit personal loan: rate, fees and tenure
Starting personal loan rates as published: SBI from 10% and TVS Credit from 14%. SBI is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered. SBI lists the longer maximum tenure (84 months).
| Detail | SBI | TVS Credit |
|---|---|---|
| Published rate | Starting from 10.00% p.a. (T&C apply); scheme range 10.00% to 15.00% | 14% to 35% per annum |
| Rate basis | 2-year MCLR (8.75%) + spread 1.25% to 6.25% | profile-based (varies by customer profile) |
| Loan amount | Rs 1 lakh to Rs 50 lakh (subject to EMI/NMI up to 65% and 30 times NMI, whichever is lower) | Rs. 30,000 to Rs. 2,00,000 |
| Maximum tenure | 84 months | 36 months |
| Processing fee | Up to 1.50% of loan amount (min Rs 1,000, max Rs 15,000) + GST; waivers for some customers | Up to 5.9% (inclusive of GST) |
| Prepayment / foreclosure | 2% of prepaid amount; waivers for some categories | 15-day cooling period; then % of principal outstanding: 16 days-12 months 7.08%; 13-24 months 4.72% |
| Eligibility (as published) | Age 21-60; min net monthly salary Rs 20,000 (govt/defence) or Rs 25,000 (corporate); no minimum CIBIL stated | Monthly income above Rs. 25,000; CIBIL score above 700 |
| Other terms published |
|
|
| Official source | sbi.bank.in/web/personal-banking/loans/personal-loans/sbi-personal-loan sbi.bank.in/web/interest-rates/interest-rates/loan-schemes-interest-rates/personal-loans-schemes | tvscredit.com/loans/online-personal-loans tvscredit.com/loans/online-personal-loans/eligibility-and-documents |
Read the full guide: Personal loan
SBI vs TVS Credit personal loan EMI by amount and tenure
Monthly EMI at each loan provider's lowest published rate, on a reducing balance. Fees, GST and insurance are not included, and your offered rate may be higher.
By loan amount, over 5 years
| Loan amount | SBI (10%) | TVS Credit (14%) |
|---|---|---|
| ₹1 lakh | ₹2,125 | ₹2,327 |
| ₹3 lakh | ₹6,374 | ₹6,980 |
| ₹5 lakh | ₹10,624 | ₹11,634 |
| ₹10 lakh | ₹21,247 | ₹23,268 |
| ₹20 lakh | ₹42,494 | ₹46,537 |
By tenure, on ₹5 lakh
| Tenure | SBI (10%) | TVS Credit (14%) |
|---|---|---|
| 1 year | ₹43,958 interest ₹27,495 | ₹44,894 interest ₹38,723 |
| 2 years | ₹23,072 interest ₹53,739 | ₹24,006 interest ₹76,155 |
| 3 years | ₹16,134 interest ₹80,809 | ₹17,089 interest ₹1,15,197 |
| 5 years | ₹10,624 interest ₹1,37,411 | Above its stated maximum |
| 7 years | ₹8,301 interest ₹1,97,250 | Above its stated maximum |
A longer tenure lowers the EMI and raises the total interest. Pick the shortest tenure your monthly budget can carry.
What each loan provider publishes about its personal loan
SBI
Public sector bank · State Bank of India
- How the rate is set: 2-year MCLR (8.75%) + spread 1.25% to 6.25%
- Eligibility as published: Age 21-60; min net monthly salary Rs 20,000 (govt/defence) or Rs 25,000 (corporate); no minimum CIBIL stated
- Loan up to Rs 50 lakh
- Rates starting from 10.00%
- Low processing charges
- Minimal documentation
TVS Credit
NBFC · TVS Credit Services Limited
- How the rate is set: profile-based (varies by customer profile)
- Eligibility as published: Monthly income above Rs. 25,000; CIBIL score above 700
- Instant approval (subject to conditions)
- Fully paperless process
- Basic documents: PAN, Aadhaar, address proof
- Disbursal within 24 hours
Before you apply for a personal loan
- Existing EMIs: Loan providers look at how much of your monthly income already goes to EMIs. Closing a small loan first can improve the offer.
- Processing fee: Charged upfront, usually as a percentage of the loan plus GST. Ask for the amount in rupees and check whether it is cut from the money you receive.
- Fixed or floating: Most personal loans carry a fixed rate. If yours is fixed, ask what the foreclosure charge is before you borrow.
- Credit score: Your score decides where you land between the starting rate and the top of the range. A lower score can push the offer well above the advertised rate.
RBI requires every loan provider to hand you a Key Fact Statement before you sign. It shows the rate, every fee, the APR and the total you will repay.
Terms used on this page
Plain meanings of the terms this comparison uses.
Starting rate: The lowest rate a loan provider advertises for a product. Most borrowers are offered a higher rate, because the final rate depends on credit score, income, employer and loan amount.
APR: Annual percentage rate. It adds the processing fee and other charges to the interest rate, so it shows the yearly cost of the loan better than the interest rate alone.
Key Fact Statement: A short summary the loan provider gives you before you sign. It lists the interest rate, every fee, the APR and the total amount you will repay. RBI requires it for retail loans.
Floating rate and repo rate: A floating rate moves with a benchmark, and for banks that is usually the RBI repo rate, the rate at which RBI lends to banks. A fixed rate stays the same for the period you agree.
Processing fee: A one-time charge for handling the application. It is usually a percentage of the loan amount plus GST, and it is often deducted before the money reaches you.
Credit score: A number from 300 to 900 that shows how you have repaid past loans and cards. A higher score usually gets you a lower rate.
Sources and last check
Every figure above is read from the loan provider's own website and was checked on 12 October 2026. A blank means the page does not show that figure, and we never estimate one.
- SBI: sbi.bank.in/web/personal-banking/loans/personal-loans/sbi-personal-lo... sbi.bank.in/web/interest-rates/interest-rates/loan-schemes-interest-r...
- TVS Credit: tvscredit.com/loans/online-personal-loans/ tvscredit.com/loans/online-personal-loans/eligibility-and-documents/
Read our editorial policy, how we make money and tell us about an error.
More personal loan comparisons
SBI vs TVS Credit: every loan type on one page · All personal loan comparisons · Personal loan guide · Personal loan EMI calculator
Swap one bank
Looking at a car or two-wheeler loan instead? Compare vehicle loans by bank.
Frequently asked questions
Which is better for a personal loan: SBI or TVS Credit?
SBI has the lower published starting personal loan rate at 10%, against 14% at TVS Credit. On ₹5 lakh over 5 years the difference in total interest is ₹60,636. Rate is only one part of the cost, so also compare the processing fee, the prepayment terms and the total repayable amount in the Key Fact Statement.
Which has the lower personal loan interest rate: SBI or TVS Credit?
SBI has the lower published starting personal loan rate at 10%, against 14% at TVS Credit. The published ranges run to SBI up to 15% and TVS Credit up to 35%, so the rate you are offered can sit well above the starting rate.
What is the personal loan processing fee at SBI and TVS Credit?
SBI: Up to 1.50% of loan amount (min Rs 1,000, max Rs 15,000) + GST; waivers for some customers. TVS Credit: Up to 5.9% (inclusive of GST). Fees can change, so confirm the amount in rupees, with GST, before you accept.
What is the maximum personal loan tenure at SBI and TVS Credit?
SBI: 84 months. TVS Credit: 36 months. A longer tenure lowers the EMI and raises the total interest.
Can I prepay or foreclose a personal loan early at SBI and TVS Credit?
SBI: 2% of prepaid amount; waivers for some categories. TVS Credit: 15-day cooling period; then % of principal outstanding: 16 days-12 months 7.08%; 13-24 months 4.72%. Ask whether the rate on your loan is fixed or floating, because the charges depend on it.
What is the EMI on a ₹5 lakh personal loan at SBI and TVS Credit?
Over 5 years at each loan provider's lowest published rate the monthly EMI is ₹10,624 at SBI and ₹11,634 at TVS Credit. This leaves out processing fees, GST and insurance, and your approved rate may be higher.
Who is eligible for a personal loan at SBI and TVS Credit?
SBI: Age 21-60; min net monthly salary Rs 20,000 (govt/defence) or Rs 25,000 (corporate); no minimum CIBIL stated. TVS Credit: Monthly income above Rs. 25,000; CIBIL score above 700. Each loan provider can ask for more documents once you apply.
Are SBI and TVS Credit regulated by the RBI?
Yes. SBI is a public sector bank, TVS Credit is an NBFC, and all lend under RBI rules, including the requirement to give you a Key Fact Statement before you sign.
Where do these personal loan figures come from?
From the official pages of SBI and TVS Credit, opened and checked on 12 October 2026. The sources are listed at the bottom of this page. We show a blank where a loan provider does not publish a figure, and we do not estimate one.
KhatuLoans is not a loan provider and is not paid by the loan providers named here to rank them. Rates, fees and eligibility change; always confirm with the loan provider. Read our editorial policy and how we make money.