State Bank of India, India’s largest public sector banking entity, offers personal loan for various requirements faced by individuals in their day-to-day lives. SBI Personal loan options are one the most preferred choices amongst borrowers because of the attractive interest rates and low processing charges plus you get seasonal offers from time to time, which can further decrease the EMI payable on the amount borrowed. A borrower can apply for a State Bank of India personal loan without requiring any kind of security or collateral. An individual can get a loan of up to 12 times of his net monthly income when applying either online or at a bank branch. After the submission of necessary documents, a SBI personal loan can approved with 2-3 days provided all required documentation is in order.