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

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)
Loan Amount
Interest Rate
Monthly Instalment (EMI)
Total Interest Amount
Total Amount (Principal + Interest)
YearPrincipalInterestBalance Amount

SBI Personal Loan EMI Calculator January 2020

Let’s just understand things in a better way with the help of an example below:

Suppose, Rakhi Mehra, a 28-year-old, SEO Head by profession is interested in availing a personal loan of ₹4 Lakh to meet her personal need. The bank has agreed to offer her the loan at an interest rate of 10.95% per annum for a tenure of 5 years. So, let’s find out what would the EMIs, Interest and Total Amount Payable in Rakhi’s case.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 4,00,00010.95%1₹ 35,343₹ 24,120₹ 4,24,120
₹ 4,00,00010.95%2₹ 18,634₹ 47,212₹ 4,47,212
₹ 4,00,00010.95%3₹ 13,086₹ 71,097₹ 4,71,097
₹ 4,00,00010.95%4₹ 10,328₹ 95,768₹ 4,95,768
₹ 4,00,00010.95%5₹ 8687₹ 1,21,220₹ 5,21,220

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

YearPrincipalInterestBalance Amount
1₹ 63,571₹ 40,672₹ 3,36,428
2₹ 70,893₹ 33,351₹ 2,65,535
3₹ 79,057₹ 25,186₹ 1,86,477
4₹ 88,162₹ 16,082₹ 98,315
5₹ 98,394₹ 5928₹ 0

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]
EMI = Equated Monthly Installment
P = Principal Loan Amount
R = Monthly Interest Rate
N = Number of Monthly Installments

SBI Personal Loan Interest Rate January 2020

When it comes to offering the personal loan, SBI offers the same at an attractive interest rate to one and all. The bank offers the loan at an interest rate of 11.05%-15.45% 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.

People Also Look For

  • Free CIBIL Score
  • Personal Loan Interest Rates January 2020
    Bajaj Finserv10.99% - 16.00%
    Fullerton India14.00% - 33.00%
    HDFC Bank10.75% - 21.45%
    ICICI Bank10.99% - 18.40%
    IndusInd Bank10.99% - 16.00%
    Kotak Bank10.99% - 20.99%
    RBL13.00% - 18.00%
    Standard Chartered Bank11.50% - 18.00%
    Tata Capital10.99% - 18.00%