SBI Personal Loan EMI Calculator 2025

BankBazaar SBI Personal Loan EMI Calculator is very easy to use and helps you get an estimate of the EMI amount that you will be required to pay off every month. Follow the steps mentioned below to understand the usage of the Personal loan EMI calculator:

Step 1: Use the slider under the 'Loan Amount' to set your loan amount. Alternatively, you can just type the exact loan amount that you are willing to avail in the field provided.

Step 2: Use the slider under the 'Tenure' to set your loan repayment tenure. Alternatively, you can just type the exact tenure for which you are willing to avail the loan in the field provided.

Step 3: Enter the rate of interest in the field provided.

Step 4: In the next field, provide the processing fee percentage. For SBI, it is 1.5% i general.

Step 5: Once the above details are filled up, you can click on the 'Calculate' button.

After this, the calculator will display the monthly personal loan EMI amount. Followed by this, you will also be able to see the detailed break-down of the total payable amount. At the bottom of the page, you will also be able to view the detailed loan repayment schedule via an amortisation table.

Benefits of SBI Personal Loan EMI Calculator

1. Helps you understand if you are eligible to apply at the bank or not.
2. You can get to know how much would be the monthly payments during the term opted.
3. You can also find out the current interest rate of the bank and use it to get the exact EMI.
4. In case the organization you work at has their corporate/salary account with SBI, you can avail offers made only to direct customers.
5. Based on the terms and conditions put forward by SBI, there are many features that you can avail. For instance, you can pay back partially or settle the entire SBI Personal loan before the tenure ends.
6. The leeway to some extra every month will help you save on interest. This is particularly helpful if you have taken an unsecured personal loan from the bank.
7. You may also negotiate a bit on the rate. It just might work.
8. Swift disbursal of the loan and minimal paperwork is what entices customers.

Limitations of SBI Personal Loan EMI Calculator

1. Approval of your personal loan application to SBI is completely at the discretion of the loan manager. EMI calculator cannot predict the outcome.
2. There is no guarantee that the interest rate given will not vary as per the current trends.
3. Pre-payment penalty might apply.

SBI Personal Loan EMI Breakdown with Chart

An individual avails Rs.1 lakh for one year from SBI at an interest rate of 11% p.a. Given below in the table is the EMI you will have to pay including the interest rate charged:

The monthly EMI payable is Rs.8,838 while the total amount payable after the interest has been added is Rs.1,06,058.

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