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• SBH Personal Loan EMI Calculator is Rated as "Excellent!" by 19 Users

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SBH Personal Loan EMI Calculator

State Bank of Hyderabad (SBH) is currently one of the subsidiary banks of State Bank of India (SBI). It was originally set up as Hyderabad State Bank in 1941. It acquired other banks such as Hyderabad Mercantile Bank Ltd. and became a subsidiary of SBI in 1959. The bank has more than 1,800 branches currently, and it will soon be merged into the parent bank as part of the governmentâ€™s banking consolidation process.

SBH offers a series of retail loan products, including personal loans. Personal loans are unsecured loans that are a convenient means of meeting unexpected expenses such as a personal emergency or debt consolidation, or to meet a high expense for which you do not have the means at the moment, such as a wedding or a foreign trip.

How does the SBH Personal Loan EMI Calculator Work?

An EMI Calculator works on the following formula:

E = P x r x (1+r)^n/((1+r)^n-1)

Here, E â€“ Equated Monthly Instalment (EMI)

P â€“ Loan amount

r â€“ Interest rate (monthly)

n â€“ Loan duration (in months)

BankBazaarâ€™s EMI Calculator also takes into account processing fees and pre-payment schedules to give you a more transparent result.

How to Use BankBazaar SBH Personal Loan Calculator

The repayment of a personal loan, like any other loan from a bank, is made on a monthly basis through an Equated Monthly Instalment (EMI) schedule. An EMI is a fixed amount you would be paying to the bank every month based on the principal amount borrowed, the interest rate applicable on the amount and the tenure of the loan. It is important to determine whether you will be able to afford the repayment pattern of the loan before you borrow the money. Your financing needs may be high but would you be able to repay the amount once the loan is taken? The best way to answer this is to find out how much your EMI is going to be, approximately, before you take the loan. Thankfully, this process is very easy because of the EMI Calculator.

An EMI Calculator is a tool that tells you the EMI you would have to pay every month to the bank. One of the most comprehensive EMI Calculators available online is the one hosted by BankBazaar. The tool gives you a clear break-up of the total amount payable, the interest youâ€™ll be paying to the bank throughout the loan tenure, and also takes into account processing fees and pre-payments you plan to make.

Personal loans from SBH are available for around 15.5% interest and for a tenure of up to 3 years. The processing fee charged is 1% of the total loan amount.

To use the BankBazaar EMI Calculator, follow 7 Easy steps given below:

• Visit BankBazaar.com and on the home page, select the Menu tab on the top right corner.
• Choose â€˜Finance Toolsâ€™ and the â€˜EMI Calculatorâ€™ option under it.
• You can either use sliders, or manual entry to input the loan amount and duration of the loan.
• Type in the interest rate of SBH personal loan and the processing fees applicable.
• If you plan to make partial or full pre-payments, click on â€˜Yesâ€™ next to that option and enter the pre-payment frequency, when you wish to start pre-payment, the pre-payment amount, the pre-payment charge applicable and what the pre-payment applies to.
• If you donâ€™t know whether youâ€™ll be making pre-payments, click on â€˜Noâ€™.
• Select â€˜Calculateâ€™. The EMI wizard will calculate the EMI and create an amortisation table and pre-payment analysis based on the data you entered.

Let us look at an example. You are taking a personal loan of Rs.3 lakh for a period of 3 years, at an interest rate of 15.5% and processing fee of 1%. You decide to make pre-payments of Rs.50,000 every year starting from 12 months. Once you input all this data on to BankBazaar EMI Calculator, you will get the following results:

EMI â€“ Rs.10,473

Total interest payable â€“ Rs.58,862

Processing fee â€“ Rs.3,000

Total amount payable to the bank â€“ Rs.3,61,862

Pre-payment analysis: You save Rs.21,173 and tenure is reduced by 11 months.

Any other EMI Calculator will only be able to tell you the EMI, total interest payable and total amount payable, without considering the pre-payments or processing fee.

Features and Benefits

The key reasons you would want to use an EMI Calculator are as given below:

1. Convenience: An EMI Calculator is available online and can be accessed from anywhere and on any device with an internet connection.
2. Customisation: An EMI Calculator can be customised as per your requirements. There are no presents on the calculator to meddle with the required calculations.
3. Accuracy: BankBazaarâ€™s EMI Calculator is among the most accurate ones available online. It is also faster and more accurate than making the calculations manually.
4. Amortisation Schedule: An EMI Calculator also gives you an amortisation table â€“ that is, the detailed month-to-month break-up of payments and outstanding balance â€“ which is as transparent and clear as numbers can get.

SBH Personal Loan EMI Calculator FAQs:

1. Will the EMI shown by the EMI Calculator and the bank always be the same?

Not necessarily. Though an EMI Calculator is accurate to the values input by you, the bank may have additional charges that are not factored in by the Calculator. So this might lead to slight variations on the EMI and total payable amount.

2. Is the EMI Calculator only for personal loans?

No. The BankBazaar EMI Calculator is a comprehensive one-stop tool that can be used to calculating EMIs of any loans.

Personal Loan Reviews

• Personal Loan
"Good service"
0.5 5.0/5 "Blown Away!"
I have got the personal loan from the STATE BANK OF HYDERABAD and they have supported me a lot in regards to my personal loan application. They have disbursed the loan amount within a month time. The require loan amount has been disbursed and I am satisfied with it. The rate of interest and the charges are average with the STATE BANK OF HYDERABAD.
Reviewed on Feb 13, 2018
• Personal Loan
"Average service"
0.5 4.0/5 "Great!"
I got the personal loan from State bank of Hyderabad around 2 years ago. The customer support is good with the State bank of Hyderabad. The required loan amount has been disbursed and I am satisfied with it. The rate of interest and the charges are average with the SBH personal loan process.
, visakhapatnam
Reviewed on Jan 10, 2018
• Personal Loan
"Average Service"
0.5 4.0/5 "Great!"
The offers and benefits provided by SBH is slightly lower than the other banks. SBH took around a month's time to disburse my loan. Though SBI took hardly 2 days to complete the documentation process , to complete the process they took a very longer time also their norms were very quite rigid. Rate of interest is very high when compared with others. Totally it was an average service rendered by SBH.
Reviewed on Jun 07, 2017
• Personal Loan
"Perfectly Good and satisfied"
0.5 5.0/5 "Blown Away!"
For my personal loan, I was getting the interest rate of 12.5% from SBH which is lower than other banks. Actually they quoted me with 15.5% but I had written a letter to the lead bank manager to reduce the interest rate, then they reduced it from 15.5% to 12.5%. Also the loan got disbursed within an hour. I have a good rapport with the bank as I am a long term customer of SBH.
Reviewed on Apr 05, 2017
• Personal Loan
"Average "
0.5 5.0/5 "Blown Away!"
The service offered was very good.I am a government employee and salary account maintained with this bank is easy process.They take long time but there is no verification process since I am a government employee.The rates applied for a personal loan was on the higher side with state bank of hyderabad
Reviewed on Sep 08, 2016
• Personal Loan
"Good response "
0.5 5.0/5 "Blown Away!"
I have taken a personal loan with state bank of Hyderabad. After submitting the documents they took around only one or two days to disbursed the amount in fact i have the account with them. They charged nearly 14% and the processing fee was minimal when i took the loan last years.
Reviewed on Mar 30, 2016
• Personal Loan
"Best"
0.5 5.0/5 "Blown Away!"
State bank of Hyderabad gave the personal loan in 14% interest rate and the processing fee charged was rs.2000 They disbursed the amount in two days after submitting the documents. I have salaried account so there was no paper work.
Reviewed on Mar 26, 2016
• Personal Loan
"very nice"
0.5 5.0/5 "Blown Away!"
I have an account and so the interest rate is reasonable. In private sectors they fill the application where in public we need to fill the application so we can understand the fact. State Bank of Hyderabad took just 600 rupees for stamp duty charges. I did not struggle a lot to get the personal loan where my manger helped.
, nellore
Reviewed on Jan 04, 2016
• Personal Loan
"Very worst"
I have the personal loan with the State Bank of Hyderabad and I took it before three years of time. Rate of interest was around 14% with them. The loan amount got disbursed to my account within a day of time. Procedures are lot with them and the EMI payment got reflected as late payment which results in my credit score.
, visakhapatnam
Reviewed on Dec 29, 2015
• Personal Loan
"Simplified!"
0.5 5.0/5 "Blown Away!"
Personal loan application was simplified with State bank of Hyderabad. Though I have my salary account with them, they processed my personal loan within the same day of application. Instead of providing the expected amount, they provided me the maximum amount which I am eligible for.
Reviewed on Dec 26, 2015
• Personal Loan
"They do charge on personal loan.."
0.5 4.0/5 "Great!"
Always very good as my father is working with State Bank of Hyderabad. It is a government sector as cannot expect for quick revert. Final settlement was fast and received the amount on time. In comparing to private sectors this bank is good for personal loan. They do charge for the personal loan.
Reviewed on Nov 23, 2015
• Personal Loan
"Better!!"
0.5 3.0/5 "Satisfactory"
Rate of interest was a floating one, it was 12% which is good one. Their customer service was okay. I know the bank manager of State Bank Of Hyderabad. They rendered a good service. I am okay with the customer service. It took 7 working days for the disbursal. . Over all it was good with SBH.
, bangalore
Reviewed on Nov 19, 2015
• Personal Loan
"Very good service "
0.5 5.0/5 "Blown Away!"
My loan application with State Bank of Hyderabad was sanctioned on the same day which is really good.They have applied nominal charges for the processing of the loan.They also apply charges around 1000Rs for the processing of loan amount of 1Lakh.Interest rate applied was around 13.5% for this personal loan.
, bangalore
Reviewed on Oct 31, 2015
• Personal Loan
"Basic documents are required!"
0.5 5.0/5 "Blown Away!"
Personal loan application was very quick with State Bank of Hyderabad. My expected loan amount is 3L, but they provided me around 1.5 L. They collected only the basic documents and they disbursed the loan amount within 2 days of time. Overall the disbursed amount is sufficient for me.
Reviewed on Oct 08, 2015
• Personal Loan
"Services are satisfactory"
0.5 4.0/5 "Great!"
I have taken a personal loan from State bank of Hyderabad. The services has been good. The process was fast. The whole process was completed within seven days. The rate of interest was of 17%. The processing charges was of Rs. 1500. Services has been satisfactory.
, raichur
Reviewed on Aug 18, 2015
• Personal Loan
"Its fine"
0.5 3.0/5 "Satisfactory"
SBH Personal loan process is fine. I have been holding a salary account with them. I have got the loan from them. I am holding a salary account with SBH and I had taken the loan from them. Interest rate offered by them was 16.2% which is on the higher side and processing fee charged by them was rs 5000 which is again on the higher side. As I had no other go I had taken a loan from them.
Reviewed on Aug 14, 2015
• Personal Loan
"Bank of choosen few "
0.5 2.0/5 "Expected more"
I will never say State Bank of Hyderabad as a friendly bank.They have offered this loan since I hold my salary account with them.They are not very friendly to the customer.They respond very late for customer application and I have to follow up with them every time for any update about the loan application.
, chennai
Reviewed on Aug 10, 2015
• Personal Loan
"Good"
0.5 5.0/5 "Blown Away!"
SBH response is good within 2 or 3 days I got a call from them they process the request within 4 days of time. The amount was credited on time. I have been holding this for 1.5 years there is no issue with them and the amount was taken out from my account successfully every month.
, chennai
Reviewed on Jun 08, 2015
• Personal Loan
"Good experience"
0.5 2.0/5 "Expected more"
It was very easy for me to avail a personal loan from SBH because of my salary account. I had personally visited the nearest branch of SBH and submitted my documents for a personal loan. They processed my application very fast and disbursed my loan witihin 5 days of time. I think the rate of interest and the processing fee are quite high when compared to other banks.