If you already have a personal loan with SBI, you still can obtain additional funds typically in the form of a top-up loan from SBI rather than a completely fresh loan. So to answer your query: can I get another loan if I already have one in SBI? I must say that SBI offers a top-up facility to its existing personal-loan customers, meaning you can borrow above and beyond your current outstanding amount provided the bank approves.
To qualify for this top-up from SBI, your profile must satisfy a number of conditions;
Since you already have an ongoing loan, SBI will closely examine your repayment history, your current income, and whether your total EMI burden is sustainable with the new additional loan.
Also, your credit score and employment stability will matter significantly.
The process is relatively simple for existing customers: you may apply via online channels like SBI’s internet banking or the YONO app, or visit a branch. Documents required are often minimal because the bank already has a relationship with you though updated income proof may be necessary.
While the option exists, this does not mean automatic approval. The bank has complete discretion based on your repayment track, total debt obligations and income adequacy.
If you find that your EMI obligations are already high compared to your income, or if your past loan repayments have been spotty, the top-up might be declined.
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Can I Get Another Loan if I Already Have One in SBI?
priya
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2 months
2025-10-30T17:43:10+00:00 2025-10-30T17:43:11+00:00Comment
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