SBI Personal Loan EMI Calculator

Talking about SBI Personal Loan, how can an EMI Calculator be missed? That’s Right! SBI Bank Personal Loan EMI Calculator is a smart and time-saving device that helps you to know the exact calculations of your EMIs, Interest Outgo and Total Amount Payable towards a personal loan in a hassle-free manner. This tool takes into account:

  • Loan Amount
  • Tenure
  • Interest Rate

Apply SBI Personal Loan @ 9.60%* Rate

After feeding these credentials into the device, it will churn out the exact results for you within few seconds. It lets you know whether your EMIs are going to be pocket-friendly in an easy to understand manner.It gives the accurate results instantly, hence is widely used online by loan borrowers.

EMI Calculator for Personal Loan
Loan Amount (₹)
Interest Rate (%)
Tenure (Month)
Results
Loan Amount
Interest Rate
Tenure(Months)
Monthly Instalment (EMI)
Total Interest Amount
Total Amount (Principal + Interest)
YearPrincipalInterestBalance Amount

SBI Personal Loan EMI Calculator Details September 2020

SBI Personal Loan EMI for Different Loan Amounts and Different Tenures at an interest rate of 10.45% per annum

Amount (in ₹) 2 Years3 Years4 Years5 Years
1,00,000₹ 4,635₹ 3,248₹ 2,558₹ 2,147
3,00,000₹ 13,906₹ 9,744₹ 7,674₹ 6,441
5,00,000₹ 23,176₹ 16,239₹ 12,790₹ 10,735
7,00,000₹ 32,447₹ 22,735₹ 17,905₹ 15,028
10,00,000₹ 46,353₹ 32,479₹ 25,579₹ 21,469
15,00,000₹ 69,529₹ 48,718₹ 38,369₹ 32,204

SBI Personal Loan EMI for Different Loan Amounts and Different Tenures at an interest rate of 14.70% per annum

Amount (in ₹) 2 Years3 Years4 Years5 Years
1,00,000₹ 4,635₹ 3,248₹ 2,558₹ 2,147
3,00,000₹ 13,906₹ 9,744₹ 7,674₹ 6,441
5,00,000₹ 23,176₹ 16,239₹ 12,790₹ 10,735
7,00,000₹ 32,447₹ 22,735₹ 17,905₹ 15,028
10,00,000₹ 46,353₹ 32,479₹ 25,579₹ 21,469
15,00,000₹ 69,529₹ 48,718₹ 38,369₹ 32,204

SBI Personal Loan EMI Calculation Formula

In order to calculate an EMI, the calculator uses the below formula:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
where,
EMI = Equated Monthly Installment
P = Principal Loan Amount
R = Monthly Interest Rate
N = Number of Monthly Installments

SBI Personal Loan Interest Rate September 2020

When it comes to offering the personal loan, SBI offers the same at an attractive interest rate to one and all. The SBI offers personal loan interest rate of 9.60% - 13.60% per annum along with flexible tenures. Before applying for a loan, just check the rates offered by the bank and grab the best deal.

SBI Xpress Credit Personal Loan EMI Calculator

If you want to avail the Xpress Credit personal loan scheme of SBI but don’t know what would be the EMIs of the same, nothing to worry because we are here to help. That’s Right! With the help of using a smart and magical device, i.e. personal loan EMI Calculator, a borrower can easily know the exact EMIs he/she needs to pay to the lender so as to repay the loan. You simply need to feed the Loan Amount, Tenure and Interest Rate and the moment you enter these credentials, this online tool fetches the values for you in the least time frame.

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