SBI Personal Loan EMI Calculator

The SBI Personal Loan EMI Calculator is a simple yet powerful tool to calculate your monthly EMI, total interest outgo, and total repayment amount. It helps you plan your loan with confidence by providing accurate financial estimates before you apply.

What is a Personal Loan EMI?

EMI (Equated Monthly Installment) is the fixed monthly amount you pay to repay your loan, including both the principal and interest components, over the selected loan tenure.

How is EMI Calculated?

EMI = [P × R × (1 + R)^N] / [(1 + R)^N – 1]

P = Principal loan amount
R = Monthly interest rate (Annual Rate ÷ 12 ÷ 100)
N = Loan tenure in months

How to Use SBI Personal Loan EMI Calculator

Enter the desired loan amount
Select the loan tenure in months
Enter the applicable interest rate
Click “Calculate” to view your EMI and repayment details

Key Features of SBI EMI Calculator

Instant and accurate EMI calculation
User-friendly and accessible online
Helps with budget planning and comparison
Available 24/7 without login or registration

SBI Personal Loan Highlights

Loan amount: Up to ₹20 Lakhs*
Tenure: 12 to 72 months
Interest rates: Starting from 11.15% p.a.*
Special schemes for pensioners and salaried employees
Minimal documentation and quick approval

Example EMI Calculation

Loan Amount	Interest Rate	Tenure	Monthly EMI
₹4,00,000	11.15% p.a.	48 months	₹10,351

Frequently Asked Questions

Q: Can I prepay my SBI personal loan?

Yes, SBI allows prepayment or foreclosure of personal loans as per bank norms. Charges may apply depending on the loan type.

Q: Is the EMI amount fixed?

Yes, for fixed-rate loans, the EMI remains constant throughout the repayment period.

Q: Where can I find the official SBI EMI calculator?

You can access it on the official SBI website:
SBI EMI Calculator