Use SBI Personal Loan EMI Calculator to calculate SBI personal loan EMI online. Lowest EMI Rs. 2626 per lakh ✪ Eligibility Calculation, Criteria, loan amount ✪ Apply Online in 3 simple steps.

Loan Amount Interest Rates EMI Per Month for 1 lakh
1,00,000 11.85% Rs. 2626 for 4 Years
1,00,000 12.35% Rs. 2651 for 4 Years
1,00,000 14.00% Rs. 2733 for 4 Years
1,00,000 15.95% Rs. 2831 for 4 Years

SBI Personal Loan EMI Calculator

SBI personal loan calculator is a tool which helps you to know how much amount you have to pay per month in the form of EMI to bank. EMI depends on three factors:

  1. Loan Amount
  2. Interest Rates
  3. Repayment Period / Time Taken for repay the loan amount.

If you choose the longer period for repay the loan it means you have to pay much higher interest amount to bank. In this case you can do one thing, you can prepay or part pay the amount on regular interval to bank. Assume you have some cash which is with you what you don’t have a need so you can part pay that cash to bank under your loan account, it helps you to complete the repayment in lesser time and also reduced the interest amount in loan.

As per our calculation if you take a loan amount of Rs. 5 lakhs you have to pay around Rs.13,130 per month for 48 months, it means if you apply for loan amount of 15 lakhs than your EMI for 4 years will be Rs. 39,390 per month.
Get Details On – SBI Personal Loan Interest Rates 2019
For making our users experience better we can show some pre-calculated example below

Loan Amount Interest Rate Tenure In Years Monthly EMI
50000 11.85% 1 Rs. 4,439
75000 12.35% 1 Rs. 6,676
100000 13.95% 2 Rs. 4,799
125000 14.45% 2 Rs. 6,028
150000 12.60% 2 Rs. 7,103
180000 13.10% 3 Rs. 6,074
200000 13.45% 4 Rs. 5,410
220000 14.70% 4 Rs. 6,089
250000 14.70% 4 Rs. 6,920
260000 12.60% 4 Rs. 6,924
300000 13.10% 3 Rs. 10,123
330000 12.35% 2 Rs. 15,588
350000 12.60% 2 Rs. 16,574
370000 13.10% 3 Rs. 12,485
400000 12.60% 4 Rs. 10,652
440000 12.60% 3 Rs. 14,741
450000 13.10% 4 Rs. 12,095
480000 12.60% 3 Rs. 16,081
500000 13.10% 4 Rs. 13,439
535000 12.35% 4 Rs. 14,181
550000 12.60% 4 Rs. 14,646
565000 13.10% 4 Rs. 15,186
575000 12.60% 4 Rs. 15,312
600000 12.35% 4 Rs. 15,904
650000 12.60% 4 Rs. 17,310
700000 13.10% 4 Rs. 18,814
750000 12.60% 4 Rs. 19,972
800000 12.60% 4 Rs. 21,304
850000 13.10% 4 Rs. 22,846
900000 12.60% 4 Rs. 23,966
950000 13.10% 4 Rs. 25,533
1000000 12.35% 4 Rs. 26,506
1050000 12.60% 4 Rs. 27,961
1100000 13.10% 4 Rs. 29,565
1150000 12.60% 4 Rs. 30,624
1200000 13.10% 4 Rs. 32,253
1250000 12.60% 4 Rs. 33,287
1300000 12.60% 4 Rs. 34,618
1350000 13.10% 4 Rs. 36,284
1400000 12.60% 4 Rs. 37,281
1450000 13.10% 4 Rs. 38,972
1500000 12.35% 4 Rs. 39,759
1600000 12.00% 4 Rs. 42,252
1700000 12.15% 4 Rs. 44,893
1800000 12.35% 4 Rs. 47,711
1900000 12.00% 4 Rs. 50,034
2000000 12.15% 4 Rs. 52,815

How SBI Personal Loan Calculator Helps You in Saving your Hard Earned Money?

Look, you choose the loan amount with higher repayment period, but are you sure you choose the right scheme for you, don’t know so let’s have a look at it:

Loan Amount

10 Lakh

Total Amount Paid in Full Tenure

Interest Rates

11.85%

EMI for 1 Years

Rs. 88,779 Rs. 10,65,344

EMI for 2 Years

Rs. 47,003 Rs. 11,28,083

EMI for  Years 3

Rs. 33,143 Rs. 11,93,138

EMI for Years 4

Rs. 26,260 Rs. 12,60,492

You Save

If you choose 3 years Repayment plan in comparison to 4 years plan than you can save approx. Rs. 67354/- thousand by just paying Rs. 6883/- extra EMI per month.

SBI Personal Loan Eligibility Calculator

SBI personal loan eligibility is calculated on your monthly net income / salary, for example if you have a monthly income of Rs.25000/-, than sbi calculate your eligibility on half of your salary or 60%. It may vary from bank to bank. It means your monthly paying capacity for loan will be Rs.12500/- (25000 per month income / divided by 2).

Now bank check other factors:

  1. Pending loan amount
  2. Running loans / EMI’s
  3. Insurance policy premiums
  4. Other liabilities like Children Tuition Fees, ELSS etc.
  5. CIBIL

If you have any of these bank will decrease your loan eligibility further. for example you have to pay every month 3500 personal loan emi & 700 insurance premium, than bank will calculate your eligibility

Income per month (25000) / 2 = 12500 – (3500 personal loan emi) – 700 Insurance premium = 8300/-.

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SBI Personal Loan EMI Calculator Jan 2019 – Eligibility Online
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