State Bank of India Personal Loan EMI Calculator
Calculate your monthly EMI for State Bank of India personal loans at 11.05%-14.56% interest for amounts up to ₹20,00,000.
₹
₹25,000₹20,00,000
%
11.1%14.6%
6 Mo72 Mo
Monthly EMI
₹9,326
Total Interest
₹23,829
Total Payment
₹2,23,829
Monthly EMI
₹9,326
Principal Amount
₹2,00,000 (89.4%)
Total Interest
₹23,829 (10.6%)
Amortization Schedule
| Year | Principal | Interest | Total Paid | Balance |
|---|---|---|---|---|
| Year 1 | ₹94,502 | ₹17,410 | ₹1,11,912 | ₹1,05,498 |
| Year 2 | ₹1,05,491 | ₹6,421 | ₹1,11,912 | ₹7 |
State Bank of India Personal Loan at a Glance
Interest Rate
11.05%
to 14.56%
Max Amount
₹20,00,000
min ₹25,000
Min CIBIL
650
minimum score
Tenure
Up to 72 mo
min 6 months
State Bank of India Loan Details
| Interest Rate | 11.05% — 14.56% p.a. |
| Loan Amount | ₹25,000 to ₹20,00,000 |
| Tenure | 6 to 72 months |
| Processing Fee | 1% of loan amount |
| Prepayment Charges | Nil after 12 EMIs |
| Min CIBIL Score | 650+ |
| Min Monthly Salary | ₹15,000 |
| Age Requirement | 21 to 58 years |
| Employment Types | Salaried, Government, Pensioners |
| Disbursal Time | 3-5 working days |
EMI Example: ₹2,00,000 at 11.05%
Loan Amount: ₹2,00,000
Interest Rate: 11.05% p.a. (best rate)
Tenure: 24 months
Monthly EMI: ₹9,326
Total Interest: ₹23,824
Total Payment: ₹2,23,824
Pros
- +Lowest rates for govt employees
- +Accepts 650+ CIBIL
- +Long tenure up to 72 months
- +Nil prepayment charges
- +Available across India — even small towns
Cons
- -Slower disbursal (3-5 days)
- -Limited to salaried/govt employees
- -Manual processing in smaller branches
State Bank of India EMI Calculator — FAQs
What is the EMI for a State Bank of India personal loan?
For a ₹2,00,000 loan at 11.05% interest for 24 months, the EMI would be approximately ₹9,326 per month. Total interest payable would be ₹23,824. Use the calculator above to try different amounts and tenures.
What interest rate does State Bank of India charge on personal loans?
State Bank of India charges personal loan interest rates starting from 11.05% p.a. going up to 14.56% p.a. The actual rate depends on your credit score, income, employment type, and existing obligations. A CIBIL score of 750+ typically gets you rates closer to the lower end.
What is the minimum CIBIL score for a State Bank of India personal loan?
The minimum CIBIL score required for a State Bank of India personal loan is 650. A higher score (750+) will help you get a lower interest rate and better terms.
Can I prepay my State Bank of India personal loan early?
State Bank of India's prepayment policy: Nil after 12 EMIs. Prepaying your loan reduces the outstanding principal and can save you significant interest over the remaining tenure. Use the calculator to see how much you can save.
How fast does State Bank of India disburse personal loans?
State Bank of India typically disburses personal loans within 3-5 working days. Disbursal time depends on document verification, KYC completion, and your profile. Existing State Bank of India customers may get faster disbursal through pre-approved offers.
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