New Delhi, March 20 -- State Bank of India provides personal loans to salaried as well as self employed professionals who are looking for quick cash to cover their expenses. Personal loans offer quick disbursement and do not require collateral. Hence, it becomes a popular choice for people who want to borrow funds but do not have assets to provide as security.

If you are considering applying for an SBI personal loan, the interest rates offered by the bank play an important role in determining the EMI of your loan.

Employment: SBI provides lower rates of interest to salaried people, in particular government, PSU, defence and MNC employees as high job security reflects a better repayment capacity.

Credit score: If you have a credit score...