SBI (State Bank of India) offers both fixed and floating interest rates for personal loans, depending on the type of loan product and the borrower’s preference.
For instance, the interest rate for SBI’s Xpress Credit Personal Loan is typically fixed, meaning it remains the same throughout the loan tenure, while the interest rate for SBI’s Xpress Power Loan is typically floating, meaning it can fluctuate during the loan tenure based on the prevailing market conditions.
If you are interested in applying for an SBI personal loan, you can check with the bank or visit their website to learn more about the different loan products and the interest rates available, including the type of interest rate (fixed or floating). You can also compare the interest rates and other terms and conditions offered by other banks and financial institutions to find the best option for your specific needs and financial situation.