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  • SBI Personal Loan EMI Calculator is Rated as "Excellent!" by 546 Users

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    SBI Personal Loan EMI Calculator

    With more and more finance institutions making their name the segment, it is easy to avail personal loans these days. Also, the number of well-backed virtual moneylenders is on the rise. The allure of personal loans is the same whether you are looking for secured or unsecured financial aid. You can never predict when you might require money urgently. Relying on a credit cards is not always a smart move. There is a reason why personal loans are favoured by people. Hundreds of banks in India offer a variety of personal loans and hence you may safely assume that you can always zero in on one that suit your needs. SBI, the country’s largest public lender, offers a slew of personal loans and one instrumental aspect on the basis of which banks take decisions is how much money you earn on a monthly basis. After income verification, you only have to go to the official website of SBI and click on personal loans to apply for one.

    Perfect Personal Loan Deals for you

    How does the SBI Personal Loan EMI Calculator Work?

    SBI follows certain guidelines on what amount to approve as well as the applicant’s eligibility. On the personal loan page of SBI, you will see the EMI calculator that helps you gauge your eligibility and how much you can borrow for a specific tenure. Such online calculators help you to get an idea of how much you will have to keep aside from your monthly income towards EMI. The other significant feature that will come to your notice is the interest rate that change as per the term of loan you are comfortable with.

    If you wish to know SBI-specific info, you may get those from the same web page or other third party financial sites offering the same information. Even though, there are numerous lenders providing competitive personal loans, they mostly set forth some terms and conditions and clarifications should be completed by the loan applicant. This is the reason why you should always do a rough calculation of your finances and income. Knowing this will give you a basic idea of how soon you will be able to settle the amount.

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    Perks of SBI Personal Loan EMI Calculator

    • Helps you understand if you are eligible to apply at the bank or not.
    • You can get to know how much would be the monthly payments during the term opted.
    • You can also find out the current interest rate of the bank and use it to get the exact EMI.
    • In case the organization you work at has their corporate/salary account with SBI, you can avail offers made only to direct customers.
    • 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 loan before the tenure ends.
    • 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.
    • You may also negotiate a bit on the rate. It just might work.
    • Swift disbursal of the loan and minimal paperwork is what entices customers.

    What the personal loan EMI calculator cannot tell you

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

    Personal Loan Reviews

    • SBI Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am running a personal loan with State Bank of India. The rate of interest was 12% which was nominal. I am satisfied with the customer service and response. The loan duration is 5 years and completed one year till now. There is no option for pre closure and part payment.
      Was this review helpful? 1
      , tiruchirapalli
      Reviewed on Nov 16, 2018
    • SBI Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      My home loan was taken with STATE BANK OF INDIA , they had been having the best interest rate, the charges which they had been making has been very nominal . The loan duration is 15 years. The branch response is absolutely fine. Overall service is good have good experience with SBI .
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 15, 2018
    • SBI Personal Loan
      "Very Good at interest and charges"
      0.5 5.0/5 "Blown Away!"
      I'm very much satisfied with SBI. Even though its a Government bank, i got a better services than private banks. I'm happy with the interest rate, processing fee. They are offering very best interest rate compared to other banks. The processing fee is nominal which 1%. I got a interest rate 9.5% for a personal loan. They are having various types of personal loan.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 15, 2018
    • SBI Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using my personal loan with state bank of India from past 1 year, the loan amount they have given me was up to 50,000 it is sufficient for me and the rate of interest they have charged me was nominal, and processing fee they have charged was also nominal , overall service was good.
      Was this review helpful? 0
      , dariba
      Reviewed on Nov 14, 2018
    • SBI Personal Loan
      "Good in Need"
      0.5 5.0/5 "Blown Away!"
      I had applied for a Personal loan with Sbi and it processed on time. The interest rate given to me was very reasonable. It was 10.5 % at that time.Now i have closed that particular loan and i am in a plan of going for one more personal loan. You get reasonable rate of interest here.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 14, 2018
    • SBI Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      It has not been a great experience i had with this loan, the loan amount which they had provided has been okay. The interest rate with them has been around 14% which has been okay and there has not been any sort of charges which they had made. Their customer support has been helpful at times.
      Was this review helpful? 0
      , erode
      Reviewed on Nov 14, 2018
    • SBI Personal Loan
      "Loan process should be improvement"
      0.5 2.0/5 "Expected more"
      I have personal loan with SBI, they have taken three months to approve my loan and the documentation process was inconvenient. Though I have my salary with them, they taken long time to disburse the amount. I am not happy with interms of process but interest rate is good.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 12, 2018
    • SBI Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      It has been a good experience i had in getting this loan and the loan amount which they had provided has been satisfactory as well. The interest rate with them has been nominal and was around 11% and there has not been any sort of extra charges whcih has been made by them so far.
      Was this review helpful? 2
      , new delhi
      Reviewed on Nov 09, 2018
    • SBI Personal Loan
      "Happy Service Provider"
      0.5 5.0/5 "Blown Away!"
      SBI is good they processed my personal loan very faster, they gave me better interest rate than other banks in the market. I took personal loan for the total term of five years. But if in case I want to close my loan, they gave me part and pre closure option.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 01, 2018
    • SBI Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been a good experience i had with this loan where the loan amount which they had provided had been satisfactory and the interest rate has been nominal when compared with the market rate where it has been offering the lowest interest rate in the market. There has not been any processing fee or any additional charges which have been made by them.
      Was this review helpful? 6
      , ahmedabad
      Reviewed on Oct 23, 2018
    • SBI Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience i had with this loan has been good and the loan amount which they had given has been satisfactory as well. The interest rate with them has been nominal when compared with the market rate and there has not been any sort of hidden charges which they had made. The processing fee has been nominal.
      Was this review helpful? 6
      , hyderabad
      Reviewed on Oct 19, 2018
    • SBI Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting this loan has been good and the loan amount which they had provided also had been good. There has not been any sort of additional charges made by them and the processing fee has been good. There has not been any interest rate has also been good as well when compared with the market rate.
      Was this review helpful? 3
      , chandigarh
      Reviewed on Oct 19, 2018
    • SBI Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken from the STATE BANK OF INDIA and it got approved very quick also the process of getting the loan is is easy and good. I have got the sufficient amount of personal loan. The service is good and responsive also added on that it is good to use.
      Was this review helpful? 13
      , chennai
      Reviewed on Oct 15, 2018
    • SBI Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It was a good experience i had in getting this personal loan from them where the process has not been bad. I was happy with the loan amount which they had provided and the interest of 11% with them has been nominal when compared with the market rate. Even the manager from the branch had been very much helpful and has been responsive during the process.
      Was this review helpful? 5
      , new delhi
      Reviewed on Oct 11, 2018
    • SBI Personal Loan
      "good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with STATE BANK OF INDIA , they charge 11.75% interest rate and it is nominal compare to others . The tenure period is 5year and loan amount what they provide was satisfactory . Customer support and their follow up is good with this bank .
      Was this review helpful? 8
      , coimbatore
      Reviewed on Oct 09, 2018
    • SBI Personal Loan
      "Excellent Service"
      0.5 4.5/5 "Excellent!"
      It has been a very good experience i had with this loan and the loan amount which they had provided had been satisfactory as well. The interest rate with the has been 13% which has been nominal when compared with the market rate. There has not been any sort of additional charges which they had been made so far. Their customer support also had been helpful at times.
      Was this review helpful? 8
      , new delhi
      Reviewed on Oct 02, 2018
    • SBI Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with SBI and my loan experience was good, the loan amount was for Rs 2 lacs with nominal interest rate when compared to other banks. Customer service was good and they responded on time. There are no charges on preclosure for this loan.
      Was this review helpful? 11
      , kolkata
      Reviewed on Oct 01, 2018
    • SBI Personal Loan
      "Hassle free"
      0.5 4.0/5 "Great!"
      I have taken a personal loan couple of years back and the loan is closed too. It is from State Bank of India. The customer services and response is good and the process is fine. The rate of interest and processing fees are also normal. In all no issues.
      Was this review helpful? 8
      , hyderabad
      Reviewed on Sep 27, 2018
    • SBI Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with SBI and my loan experience was very good. The process was smooth and i received my loan amount on time. Customer service is good and they responded on time. The tenure period for this personal loan is 5 years.
      Was this review helpful? 10
      , secunderabad
      Reviewed on Sep 19, 2018
    • SBI Personal Loan
      "SBI PROVIDED EASY PERSONAL LOAN TO SALARIED IN SHORT PERIOD"
      0.5 4.5/5 "Excellent!"
      Taking personal loan form SBI is very good for taking in a short period and have good communication with Bank staff and cooperative.Interest rate is also valid and i have taken more than 04 times personal loans from state bank of India.thanks.
      Was this review helpful? 6
      , champawat
      Reviewed on Sep 18, 2018
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