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 12.05% Rs. 2636 for 4 Years
1,00,000 12.55% Rs. 2660 for 4 Years
1,00,000 13.05% Rs. 2685 for 4 Years
1,00,000 15.05% Rs. 2786 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:

Below the pre calculated monthly EMI for personal loan is derived at 13.05% rate of interest and at different loan amount and tenure.

Loan Amount EMI For 1 yr EMI For 1 yr EMI For 1 yr EMI For 1 yr
50,000 4,467 2,378 1,686 1,343
60,000 5,360 2,854 2,023 1,611
70,000 6,254 3,330 2,360 1,880
80,000 7,147 3,805 2,697 2,148
90,000 8,041 4,281 3,035 2,417
1 lakh 8,934 4,757 3,372 2,685
1.5 lakh 13,401 7,135 5,058 4,028
2 lakh 17,868 9,513 6,744 5,370
2.5 lakh 22,335 11,891 8,430 6,713
3 lakh 26,802 14,270 10,115 8,056
3.5 lakh 31,269 16,648 11,801 9,398
4 lakh 35,736 19,026 13,487 10,741
4.5 lakh 40,203 21,404 15,173 12,084
5 lakh 44,670 23,783 16,859 13,426
5.5 lakh 49,137 26,161 18,545 14,769
6 lakh 53,604 28,539 20,231 16,111
6.5 lakh 58,071 30,917 21,917 17,454
7 lakh 62,539 33,296 23,603 18,797
7.5 lakh 67,006 35,674 25,289 20,139
8 lakh 71,473 38,052 26,974 21,482
8.5 lakh 75,940 40,431 28,660 22,824
9 lakh 80,407 42,809 30,346 24,167
9.5 lakh 84,874 45,187 32,032 25,510
10 lakh 89,341 47,565 33,718 26,852

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

12.05%

EMI for 1 Years

Rs. 88,872 Rs. 10,66,466

EMI for 2 Years

Rs. 47,097 Rs. 11,30,324

EMI for  Years 3

Rs. 33,238 Rs. 11,96,575

EMI for Years 4

Rs. 26,358 Rs. 12,65,203

You Save

If you choose 3 years Repayment plan in comparison to 4 years plan than you can save approx. Rs. 68628/- thousand by just paying Rs. 6880/- 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 March 2019 – Eligibility Online
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