SB
SBI Personal Loan EMI Calculator
11.15% p.a.Current Rate
11.15% p.a. onwards
Max Loan Amount
₹20 lakh
Max Tenure
6 years
Rates shown are indicative as of June 2025. Verify current rates with State Bank of India before applying.
Monthly payment
$16,404.90
- Principal
- Interest
- Amount received
- $495,000.00
- Origination fee
- $5,000.00
- Total interest
- $90,576.35
- Total repaid
- $590,576.35
- Term
- 3 yr
The 1% origination fee takes 5000 off the top, so you receive 495000 but still repay the full 500000. Counting both the fee and interest, this loan costs you about 95576 — more than the 11.15% headline rate suggests.
Amortization schedule
| Year | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| 1 | $196,858.78 | $48,310.67 | $148,548.12 | $351,451.88 |
| 2 | $196,858.78 | $30,874.33 | $165,984.45 | $185,467.43 |
| 3 | $196,858.78 | $11,391.35 | $185,467.43 | $0.00 |
Share this resultAnyone with this link sees the same numbers
Ways to optimize
Real what-if scenarios calculated from your numbers.
Scenarios use the exact same math as the calculator — no estimates.
Compare with other banks
Frequently asked questions
- What is the current SBI interest rate?
- SBI's indicative rate is 11.15% p.a.. SBI personal loan rate (salaried) as of June 2025. Actual rates depend on your credit score, loan amount, and tenure.
- How is SBI EMI calculated?
- EMI = [P × r × (1+r)^n] / [(1+r)^n – 1], where P is principal, r is monthly rate (annual rate ÷ 12 ÷ 100), and n is tenure in months.
- Can I prepay my SBI loan?
- Yes. SBI generally allows part-prepayment and foreclosure. Floating-rate retail loans typically attract no prepayment penalty under RBI guidelines.
- How do I apply for a SBI loan online?
- Visit State Bank of India's official website or mobile app, navigate to the relevant loan product, and complete the online application. You will need KYC documents and income proof.
Looking for the generic version? Open the standard Personal Loan Calculator