SBI Personal Loan Interest Rates – March 2019, EMI, Eligibility

Check latest SBI personal loan interest rates ✔ Processing Fee ✔ Tenure ✔ Monthly EMI ✔ Eligibility Criteria ✔ Loan Amount ✔ Documents ✔ Branch Address ✔ Customer Care ✔ Instant Approval ✔ Schemes.

SBI Personal Loan : SBI personal loan is useful for medical emergencies, paying additional debts, marriage expenses, vacations, education and buy consumer durables and other personal finance requirements. Interest rates of SBI personal loan depends on applicant’s eligibility. SBI provides loan in Delhi, Pune, Bangalore, Hyderabad, Chennai, Ahmedabad, Kolkata and many more locations.

SBI Personal Loan – Quick, Easy & Instant Online Approval

Professional Details
Loan Amount
Occupation
Yearly Income
City
Disclaimer: We do not provide Personal Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

SBI Personal Loan Interest Rates

Interest Rates 12.05% – 15.05%
Processing Fee 1% of the Loan Amount + applicable Tax
Loan Amount Rs 15.00 lacs.
Repayment Period Up to 5 years
Minimum Income Rs.5000/-

1 year MCLR 8.55% w.e.f. 10.12.2018

SBI Saral Personal Loan

SBI Saral – Personal Loan is the loan for you when you required funds for personal finance, down payment of home loan, marriage, vacations, education and buy consumer durables.

If you are a Salaried individual in reputed corporate firm, self employed engineer, doctor, architect, chartered accountant, MBA with minimum 2 years standing than you are eligible to take loan from State Bank of India.

  1. Minimum loan amount : Rs.24,000/- in metro and urban centres
  2. Minimum loan amount : Rs.10,000/- in rural/semi-urban centres
  3. Maximum loan amount : 12 times Net Monthly Income for salaried individuals and pensioners subject to a ceiling of Rs.10 lacs in all centres
  4. Processing Fees : Processing charges are 2% – 3% of the loan amount + applicable Service Tax
  5. Repayment period – 48 months or 4 Years.
  6. Prepayment charges – 3.00% of loan amount.

SBI Xpress Credit Personal Loan

If you required urgent fund for vacations or medical emergency you have to apply for xpress personal loan, It comes at lower interest rates, minimal documentation, Nil prepayment penalties & lowest processing fees.

Xpress Credit Personal loan comes at very competitive interest rates with fast and easy processing: for Central and state Government, Quasi-Government, Central PSUs, Profit making State PSUs, Educational Institutions of National Repute and Selected Corporate

  1. Minimum Salary required – Rs.7500/- per month
  2. Minimum Loan amount – Rs.24000/-
  3. Maximum Loan amount – 24 times of monthly income or 15 Lakh.
  4. Minimum repayment period – 6 Months
  5. Maximum repayment period – 5 years or 60 months

SBI Pension Loan – Pensioners of Armed Forces, including Army, Navy and Air Force, Paramilitary Forces (CRPF, CISF, BSF, ITBP, etc.), Coast Guards, Rashtriya Rifles and Assam Rifles who’s Pension Payment Order is with us.There is no minimum age bar under the scheme. The Maximum age at the time of availment of loan should be 76 years.

विवरण प्राप्त करेंएसबीआई व्यक्तिगत ऋण

Note: Maximum loan amount for School Teachers is capped at 1 Years of gross income both under Term Loan and Overdraft facility.

Processing Fees for SBI Personal Loans:

  1. Xpress Credit – 1% of the Loan Amount
  2. SBI Saral 2% – 3% of the Loan Amount
  3. SBI Career Loan 0.50% of the Loan Amount
  4. Loan for ESOPs Rs 2000 per application
  5. Equity Plus Rs 2000 per application
  6. Festival Loan 1% of the Loan amount

Types of SBI Personal Personal Loan

  1. Xpress Credit Loan
  2. SBI Pension Loan

SBI Marginal Cost Of Funds Based Lending Rates (MCLR)

Tenor MCLR (In %)
Over Night 8.20
One Month 8.20
Three Month 8.25
Six Month 8.40
One Year 8.55
Two Year 8.65
Three Years 8.75

SBI Personal Loan Eligibility Criteria
Salaried employees, pensioners of central/state government/armed forces, self-employed businessmen an
d professionals with a regular source of income are eligible to avail Personal Loan.

SBI Personal Loan Income Criteria

  1. Minimum net monthly income should be : Rs. 5000/-
  2. EMI/NMI ratio should not be more than 50%

SBI Personal Loan Amount

  1. Minimum Rs. 25000/-
  2. Maximum 24 times of net monthly income or up to 15.00 lac

SBI Personal Loan Overdraft Facility

  1. Minimum Rs. 5,00,000/-
  2. Maximum 24 times of net monthly income or up to 15.00 lac

SBI Personal Loan – Repayment Mode
Check-off facility or Post Dated Cheques for the Repayment period given or SI from the borrower’s salary/ pension a/c with our Bank.

SBI Personal Loan Features

  1. Lowest EMI
  2. No Security Required
  3. Minimal Documentation
  4. No Hidden Charges
  5. Door step service

SBI Personal Loan Documents

  1. Photographs
  2. KYC- Id Proof / Address Proof / PAN card
  3. Income Proofs / Banking
  4. Form 16 (for salaried)

SBI Personal Loan Toll Free Number

  1. 1800 11 2211
  2. 1800 425 3800
  3. 080-26599990

Factors affecting SBI Personal Loan EMI

  1. Personal Loan amount – If applicant apply for a higher sbi loan amount, your monthly EMI will be high as per loan amount.
  2.  SBI Bank Interest rate – If interest rates is the rate charged by SBI on your personal loan is higher interest rate increases your loan EMI.
  3. Loan Tenure – Lesser repayment period, increases emi. Longer loan tenure means lower personal loan EMI.

SBI Personal Loan calculator formula
SBI Personal Loan EMI calculator formula is P*r* (1+r)^n/([(1+r)^n]-1)

  1. P = Loan amount.
  2. r = Rate of interest per month.
  3. n = Repayment period.

SBI Personal Loan EMI Calculator

Personal loan emi calculator gives you idea about monthly installment based on interest rate, tenure and loan amount, it show you emi, total interest to be paid and total amount (principal + interest).

Loan Amount     Rs.
Interest Rate % Per Annum
Loan Tenure Years
Installment Date
Results
Loan Amount Rs. 2,00,000
Monthly Instalment (EMI) Rs. 5,516
Total Interest Amount Rs. 64,748
Total Amount (Principal + Interest) Rs. 2,64,748
Installment NoInstallment DateOpening BalanceEMIInterestPrincipal
201704/2017 To 12/2017Rs. 2,00,000Rs. 49,644Rs. 20,363Rs. 29,281
Apr04/2017Rs. 2,00,000Rs. 5,516Rs. 2,417Rs. 3,099
May05/2017Rs. 1,96,901Rs. 5,516Rs. 2,379Rs. 3,137
Jun06/2017Rs. 1,93,764Rs. 5,516Rs. 2,341Rs. 3,175
Jul07/2017Rs. 1,90,589Rs. 5,516Rs. 2,303Rs. 3,213
Aug08/2017Rs. 1,87,376Rs. 5,516Rs. 2,264Rs. 3,252
Sep09/2017Rs. 1,84,124Rs. 5,516Rs. 2,225Rs. 3,291
Oct10/2017Rs. 1,80,833Rs. 5,516Rs. 2,185Rs. 3,331
Nov11/2017Rs. 1,77,502Rs. 5,516Rs. 2,145Rs. 3,371
Dec12/2017Rs. 1,74,131Rs. 5,516Rs. 2,104Rs. 3,412
201801/2018 To 12/2018Rs. 1,70,719Rs. 66,192Rs. 21,887Rs. 44,305
Jan01/2017Rs. 1,70,719Rs. 5,516Rs. 2,063Rs. 3,453
Feb02/2017Rs. 1,67,266Rs. 5,516Rs. 2,021Rs. 3,495
Mar03/2017Rs. 1,63,771Rs. 5,516Rs. 1,979Rs. 3,537
Apr04/2017Rs. 1,60,234Rs. 5,516Rs. 1,936Rs. 3,580
May05/2017Rs. 1,56,654Rs. 5,516Rs. 1,893Rs. 3,623
Jun06/2017Rs. 1,53,031Rs. 5,516Rs. 1,849Rs. 3,667
Jul07/2017Rs. 1,49,364Rs. 5,516Rs. 1,805Rs. 3,711
Aug08/2017Rs. 1,45,653Rs. 5,516Rs. 1,760Rs. 3,756
Sep09/2017Rs. 1,41,897Rs. 5,516Rs. 1,715Rs. 3,801
Oct10/2017Rs. 1,38,096Rs. 5,516Rs. 1,669Rs. 3,847
Nov11/2017Rs. 1,34,249Rs. 5,516Rs. 1,622Rs. 3,894
Dec12/2017Rs. 1,30,355Rs. 5,516Rs. 1,575Rs. 3,941
201901/2019 To 12/2019Rs. 1,26,414Rs. 66,192Rs. 15,017Rs. 51,175
Jan01/2017Rs. 1,26,414Rs. 5,516Rs. 1,528Rs. 3,988
Feb02/2017Rs. 1,22,426Rs. 5,516Rs. 1,479Rs. 4,037
Mar03/2017Rs. 1,18,389Rs. 5,516Rs. 1,431Rs. 4,085
Apr04/2017Rs. 1,14,304Rs. 5,516Rs. 1,381Rs. 4,135
May05/2017Rs. 1,10,169Rs. 5,516Rs. 1,331Rs. 4,185
Jun06/2017Rs. 1,05,984Rs. 5,516Rs. 1,281Rs. 4,235
Jul07/2017Rs. 1,01,749Rs. 5,516Rs. 1,229Rs. 4,287
Aug08/2017Rs. 97,462Rs. 5,516Rs. 1,178Rs. 4,338
Sep09/2017Rs. 93,124Rs. 5,516Rs. 1,125Rs. 4,391
Oct10/2017Rs. 88,733Rs. 5,516Rs. 1,072Rs. 4,444
Nov11/2017Rs. 84,289Rs. 5,516Rs. 1,018Rs. 4,498
Dec12/2017Rs. 79,791Rs. 5,516Rs. 964Rs. 4,552
202001/2020 To 12/2020Rs. 75,239Rs. 66,192Rs. 7,081Rs. 59,111
Jan01/2017Rs. 75,239Rs. 5,516Rs. 909Rs. 4,607
Feb02/2017Rs. 70,632Rs. 5,516Rs. 853Rs. 4,663
Mar03/2017Rs. 65,969Rs. 5,516Rs. 797Rs. 4,719
Apr04/2017Rs. 61,250Rs. 5,516Rs. 740Rs. 4,776
May05/2017Rs. 56,474Rs. 5,516Rs. 682Rs. 4,834
Jun06/2017Rs. 51,640Rs. 5,516Rs. 624Rs. 4,892
Jul07/2017Rs. 46,748Rs. 5,516Rs. 565Rs. 4,951
Aug08/2017Rs. 41,797Rs. 5,516Rs. 505Rs. 5,011
Sep09/2017Rs. 36,786Rs. 5,516Rs. 444Rs. 5,072
Oct10/2017Rs. 31,714Rs. 5,516Rs. 383Rs. 5,133
Nov11/2017Rs. 26,581Rs. 5,516Rs. 321Rs. 5,195
Dec12/2017Rs. 21,386Rs. 5,516Rs. 258Rs. 5,258
202101/2021 To 03/2021Rs. 16,128Rs. 16,548Rs. 392Rs. 16,156
Jan01/2017Rs. 16,128Rs. 5,516Rs. 195Rs. 5,321
Feb02/2017Rs. 10,807Rs. 5,516Rs. 131Rs. 5,385
Mar03/2017Rs. 5,422Rs. 5,516Rs. 66Rs. 5,450
Total:Rs. 2,64,768Rs. 64,740Rs. 2,00,028

EMI Calculator For SBI Personal Loan

Loan Amount Interest Rates Tenure Or Repayment period EMI Per Month Total Amount (Principal + Interest)
50000 11.90% 12 Months Rs. 4,440 Rs. 53,281
100000 11.90% 18 Months Rs. 6,094 Rs. 1,09,684
150000 12.40% 12 Months Rs. 13,355 Rs. 1,60,265
200000 14.00% 24 Months Rs. 9,603 Rs. 2,30,462
250000 12.40% 18 Months Rs. 15,292 Rs. 2,75,256
300000 14.00% 12 Months Rs. 26,936 Rs. 3,23,234
350000 12.65% 18 Months Rs. 21,450 Rs. 3,86,092
400000 14.25% 24 Months Rs. 19,252 Rs. 4,62,058
450000 14.75% 30 Months Rs. 18,026 Rs. 5,40,785
500000 12.40% 24 Months Rs. 23,630 Rs. 5,67,126
550000 14.25% 30 Months Rs. 21,900 Rs. 6,56,999
600000 12.40% 36 Months Rs. 20,043 Rs. 7,21,563
650000 11.90% 36 Months Rs. 21,558 Rs. 7,76,098
700000 12.40% 42 Months Rs. 20,629 Rs. 8,66,408
750000 12.40% 48 Months Rs. 19,898 Rs. 9,55,104
800000 11.90% 42 Months Rs. 23,382 Rs. 9,82,035
850000 12.40% 36 Months Rs. 28,395 Rs. 10,22,214
900000 11.90% 42 Months Rs. 23,656 Rs. 11,35,502
950000 11.90% 48 Months Rs. 24,971 Rs. 11,98,585
1000000 11.90% 48 Months Rs. 26,285 Rs. 12,61,669
1100000 12.65% 42 Months Rs. 32,550 Rs. 13,67,118
1150000 12.40% 36 Months Rs. 38,417 Rs. 13,82,995
1200000 11.90% 48 Months Rs. 31,542 Rs. 15,14,002
1250000 12.40% 54 Months Rs. 30,320 Rs. 16,37,300
1300000 11.90% 48 Months Rs. 34,170 Rs. 16,40,169
1350000 12.40% 42 Months Rs. 39,784 Rs. 16,70,929
1400000 12.65% 60 Months Rs. 31,604 Rs. 18,96,242
1450000 11.90% 60 Months Rs. 32,181 Rs. 19,30,873
1500000 11.90% 48 Months Rs. 39,427 Rs. 18,92,503

SBI Personal Loan Bank Address/Location

    1. Delhi: D-212, Vivek Vihar, Phase – I, Delhi – 110092
    2. Noida: Sector 63, Sector 24, Noida – 201307
    3. Ghaziabad: 13, Niti Khand I, Indirapuram, Ghaziabad – 201010
    4. Gurgaon: No.1, Palm Court, Mehrauli-Gurgaon Road, Maharana Pratap Chowk, Gurugram – 122007
    5. Faridabad: SCO -106, Sector – 16, Faridabad – 121002
    6. Bangalore: B 121, BDA Shopping Complex, Jeevan Bima Nagar, Bengaluru – 560075
    7. Coimbatore: 541, Diwan Bhadur Road, R.S. Puram, Coimbatore – 641002
    8. Madurai: Shop No. 3/225-1, Madurai Melur Road, Otthakadai, Madurai – 625107
    9. Chennai: Whannels Road, Egmore, Chennai – 600008
    10. Hyderabad: Cyber Towers, 1st Floor, Q-1, Madhapur, Hyderabad – 500081
    11. Cochin: Mons. Mathew Kothakathu Road, Panayappilly, Thoppumppady, Kochi – 682005
    12. Mysore: Crownford Hall, Mysuru – 570005
    13. Mangalore: New Mangalore, Industrial Area, Baikampady, Mangaluru – 575010
    14. Warngal: 16-10-1390, under bridge road Sivanagar, Warangal – 506002
    15. Kolkata: 16A, Deshopran Sashmal Road, Tollygunge, Kolkata – 700033
    16. Bhopal: Sultania Road, Kohefiza, Bhopal – 462001
    17. Indore: Indore-Icchapur Road, Khatiwala Tank, Navlakha, Indore – 452001
    18. Nagpur: Jagdish Sabha Griha, Rana Pratap Nagar Road, Gopal Nagar, Nagpur – 440020
    19. Mumbai: Mumbai Samachar Marg, Horniman Circle, Mumbai, Maharashtra 400023
    20. Pune: Giga Space Complex, Amenity Building, Viman Nagar, Pune – 411014
    21. Bhubaneswar: 536, Ist Floor, Sahid Nagar Market, Sahid Nagar, Bhubaneswar – 751007
    22. Cuttack: Link Road, Orissa State Electricity Board Colony, Cuttack – 753012
    23. Ahmedabad: University Campus Road, Navrangpura, Ahmedabad – 380009
    24. Rajkot: Nana Mava Road, Rajnagar Chowk, Jay Park, Karan Park, Rajkot – 360001
    25. Jaipur: Ghoda Niwas, Ghoda Nikas, Ramganj, Jaipur – 302003
    26. Surat: City Light Road, Sheetal Park, Athwa, Surat – 395007
    27. Udaipur: Chetak Road, Madhuban, Udaipur – 313001
    28. Lucknow: 75, Amar Shaheed Path, South City, Lucknow, 226012

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