SBI Personal Loan EMI Calculator
Calculate your State Bank of India personal loan EMI at 11.05%–15.05% interest. See monthly EMI, total interest, and amortization schedule.
₹
₹25,000₹20,00,000
%
9.1%19.1%
6 Mo72 Mo
Monthly EMI
₹10,996
Total Interest
₹1,59,778
Total Payment
₹6,59,778
Monthly EMI
₹10,996
Principal Amount
₹5,00,000 (75.8%)
Total Interest
₹1,59,778 (24.2%)
Amortization Schedule
| Year | Principal | Interest | Total Paid | Balance |
|---|---|---|---|---|
| Year 1 | ₹78,504 | ₹53,448 | ₹1,31,952 | ₹4,21,496 |
| Year 2 | ₹88,023 | ₹43,929 | ₹1,31,952 | ₹3,33,473 |
| Year 3 | ₹98,698 | ₹33,254 | ₹1,31,952 | ₹2,34,775 |
| Year 4 | ₹1,10,666 | ₹21,286 | ₹1,31,952 | ₹1,24,109 |
| Year 5 | ₹1,24,085 | ₹7,867 | ₹1,31,952 | ₹24 |
By Gaurav Gupta, Credit SpecialistUpdated
SBI Personal Loan — Key Details
Interest Rate
11.05% – 15.05%
per annum
Loan Amount
₹25,000 – ₹20,00,000
Max Tenure
6 years
72 months
Processing Fee
1% + GST
✓SBI Xpress Credit for salaried customers of state/central government + reputed corporates
✓Fully digital 60-second approval for Yono users
✓Up to ₹20L with no collateral
✓Interest linked to EBLR + spread — 2026 slab includes women-borrower concession
✓Flexible EMI options for defence and railway employees
Min CIBIL
700+
Prepayment
3% of prepaid amount (Nil after 6 months for Xpress Credit)
Disbursal
2-5 days (instant for pre-approved customers)
SBI Personal Loan — FAQ
What is the SBI personal loan interest rate?
State Bank of India offers personal loan interest rates from 11.05% to 15.05% per annum. The actual rate depends on your CIBIL score, income, loan amount, and property type. A CIBIL score of 750+ gets you rates closer to 11.05%.
What is the EMI for a ₹5,00,000 SBI personal loan?
For a ₹5,00,000 personal loan from State Bank of India at 11.5% for 5 years, the EMI is approximately ₹10,996 per month. Total interest payable: ₹1,59,760.
What is the minimum CIBIL score for SBI personal loan?
State Bank of India typically requires a minimum CIBIL score of 700 for personal loans. A higher score (750+) gets better rates and faster approval.
What is the processing fee for SBI personal loan?
State Bank of India charges a processing fee of 1% + GST (max ₹15,000 + GST) on personal loans. Some offers may include processing fee waivers during promotional periods.
Can I prepay my SBI personal loan?
Prepayment policy for State Bank of India personal loan: 3% of prepaid amount (Nil after 6 months for Xpress Credit). Prepaying even small amounts early in the tenure can save significant interest.
How long does SBI take to disburse a personal loan?
State Bank of India typically takes 2-5 days (instant for pre-approved customers) to disburse a personal loan after document verification and approval. Pre-approved customers may get faster processing.
💡 How this calculator works for SBI Personal Loans
- The EMI is computed using the standard amortising formula — P × r × (1+r)^n ÷ ((1+r)^n − 1) — where P is your loan amount, r is the monthly rate (annual rate ÷ 12 ÷ 100), and n is tenure in months.
- SBI personal loans currently carry interest rates broadly in the 11.45%–14.50% p.a. range, depending on your credit score, income, and employment category (salaried, pensioner, or government employee).
- The three inputs that shift your EMI most are: principal amount (₹50,000–₹20 lakh for most applicants), repayment tenure (6–72 months), and the rate SBI offers based on your profile.
- The calculator also shows total interest outgo alongside the EMI, so you can see the true cost of borrowing — not just the monthly instalment.
📊 Sample EMI scenarios for SBI Personal Loans
- ₹1 lakh at 11.45% for 24 months = ₹4,672/month, total interest ₹12,128 over the tenure — a compact loan for a short-term need.
- ₹3 lakh at 12.50% for 36 months = ₹10,034/month, total interest ₹61,224 over the tenure — a mid-range case suited to home renovation or a medical expense.
- ₹5 lakh at 13.00% for 48 months = ₹13,416/month, total interest ₹1,43,968 over the tenure — shows how a longer tenure meaningfully raises total interest even on a moderate principal.
- ₹10 lakh at 14.50% for 60 months = ₹23,536/month, total interest ₹4,12,160 over the tenure — a higher-rate, long-tenure scenario where prepayment can save substantially.
🎯 Prepayment and tenure trade-offs on SBI Personal Loans
- Cutting tenure from 60 months to 36 months on a ₹5 lakh loan at 13% saves roughly ₹65,000 in total interest, though your monthly EMI rises from around ₹11,376 to ₹16,842.
- SBI typically levies a prepayment charge of up to 3% on the outstanding principal for personal loans — factor this into your break-even calculation before foreclosing early.
- Even a small rate difference of 1–1.5% compounded over 48–60 months adds ₹20,000–₹40,000 to total outgo on a ₹5 lakh loan, which is why comparing offers across lenders before accepting matters.
- If SBI's rate doesn't match your credit profile, check your eligibility across multiple lenders on this platform — a better rate or shorter tenure could cut your total repayment meaningfully.
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