Multiple banks. Different interest rates. Call it a "conflict of interest".
  • SBI Personal Loan EMI Calculator is Rated as "Excellent!" by 579 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.

    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.

    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 in Service"
      0.5 4.0/5 "Great!"
      I had taken a personal loan with SBI and as i hold a account in SBI it was easy to get things done in SBI. There was not much documentation and only my salary statement was required and my application was processed on time. The interest rate were 14% and i am pretty much satisfied with SBI Services.
      Was this review helpful? 1
      , pune
      Reviewed on Jan 13, 2019
    • SBI Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had taken this loan almost two months back and the experience was quite good. But the interest rate with them was around 16% and there has been 1% processing fee, where i feel that comparatively its pretty high. The loan amount has been sufficient and there has not been any sort of charges additionally which they had made.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jan 11, 2019
    • SBI Personal Loan
      "Good in Service"
      0.5 5.0/5 "Blown Away!"
      At the time when i was looking for a personal loan i had applied in SBI bank . As i hold a salary account in SBI it was easy for me to apply for a loan. The interest rates that i had on my loan amount was reasonable and i am pretty much happy with the services.
      Was this review helpful? 4
      , kolkata
      Reviewed on Jan 11, 2019
    • SBI Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with State Bank of India. The rate of interest is of 12.5% and the processing charges is minimum too. The whole process took four days. The after loan process is good and the documentation was also taken on time. Hassle free in all.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jan 09, 2019
    • SBI Personal Loan
      "Instant Approval"
      0.5 5.0/5 "Blown Away!"
      I already have personal loan with SBI , its going to close, the total amount was Rs. 2 lakhs, now I need to pay the remaining amount around Rs. 1 lakh, The customer support and response is good. The tenure period for 5 years on my personal loan, the documentation is good and simple when the documents are clear, they gave me the good follow and support.
      Was this review helpful? 3
      , kanpur
      Reviewed on Jan 05, 2019
    • SBI Personal Loan
      "Very Nice Personal loan"
      0.5 5.0/5 "Blown Away!"
      My personal loan was purchased from State bank of India. Since my salary account is with SBI hence i have selected the same bank. I bought the loan amount of Rs. 10 lakhs. They have offered me a interest rate of 10.99% and the processing fee was Rs. 4500. 2 years ago i took this loan. I pay the premium amount of Rs. 21750. I have to pay the EMI for 5 years.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Jan 03, 2019
    • SBI Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with SBI and my experience was good, the process was smooth and i received my loan amount on time. Customer service was good with SBI and their follow up was on time. Tenure period for this loan is for 4 years.
      Was this review helpful? 5
      , new delhi
      Reviewed on Jan 03, 2019
    • SBI Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I took my personal loan from SBI for which is also a smooth experience. The application process and documentation was smooth and hassle free. I never had any issues with the loan application. Overall it is a recommendable service. Processing fee is nominal .
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 30, 2018
    • SBI Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using my personal loan with State bank of India, there service is Excellent, they have given me sufficient loan amount, and the rate of interest they have charged me lowest and i am happy and even processing fee they have charged is low, there are no hidden charges, overall service is good.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Dec 24, 2018
    • SBI Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience with this loan has been quite good and the loan amount which they had provided has been sufficient and satisfactory as well. The interest rate with them has been nominal and there has not been any sort of additional charges which they had made or there has not been any processing fee with this loan as well.
      Was this review helpful? 0
      , rajahmundry
      Reviewed on Dec 22, 2018
    • SBI Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      My experience with SBI for personal loan was average, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. Customer service was not up to the mark with this bank and tenure period is 5 years.
      Was this review helpful? 4
      , bhubaneshwar
      Reviewed on Dec 20, 2018
    • SBI Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been holding my personal loan with State bank of India, there service is good, they have given me sufficient loan amount , and the rate of interest they have charged me was nominal, and even processing fee they have charged me was nominal,overall service is good.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Dec 19, 2018
    • SBI Personal Loan
      "Good in Services"
      0.5 5.0/5 "Blown Away!"
      I had taken a Personal loan with SBI bank and i would say they were good in services. I never had any complaint with the services. When i had submitted the application, it was processed on time. There was no delay and overall i carried a good experience. The loan has been closed.
      Was this review helpful? 2
      , chennai
      Reviewed on Dec 19, 2018
    • SBI Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      It had been a good experience with this loan experience with this loan and the whole process went smooth and simple. Within a short period of time they had given me this loan and there has not been any problem and there has not been any sort of additional charges which they had made.
      Was this review helpful? 8
      , kolkata
      Reviewed on Dec 14, 2018
    • SBI Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with STATE BANK OF INDIA , and they provide nominal rate of interest and it is nominal in the market . The processing fee is nominal and tenure period is 5year . SO far it has been good experience with this bank . Loan amount is satisfactory .
      Was this review helpful? 5
      , hyderabad
      Reviewed on Dec 14, 2018
    • SBI Personal Loan
      "BETTER"
      0.5 5.0/5 "Blown Away!"
      The personal loan has been taken from the STATE BANK OF INDIA and i am satisfied with the services of this bank as i am using it from many years and the rate of interest what they have given is satisfactory with this bank. The duration to repay this loan is for 5 years.
      Was this review helpful? 4
      , new delhi
      Reviewed on Dec 14, 2018
    • SBI Personal Loan
      "Interest rate should be reduced"
      0.5 3.0/5 "Satisfactory"
      My sbi loan was closed the overall experience was good, they were taken too much of interest on the principal amount. The SBI service is good they have sanctioned my loan very faster, it would be nice if the bank reduced the interest for the loan. Anyway I got NOC letter at last.
      Was this review helpful? 4
      , chennai
      Reviewed on Dec 13, 2018
    • SBI Personal Loan
      "Good loan service"
      0.5 4.0/5 "Great!"
      I had a personal loan with State bank of India. I have never called any other customer care regarding the loan. According to my transaction and eligibility they have offered me a loan amount which is more than my expectation. I applied the loan amount of Rs. 6 lakhs and they have offered me around of Rs. 7.5 lakhs. I closed the loan in May 2016.
      Was this review helpful? 3
      , new delhi
      Reviewed on Dec 13, 2018
    • SBI Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I had applied for a personal loan with State Bank of India. The documentation was too much and they were also offering the same interest rate as the private banks. So I went ahead with another bank where the process was more easy and more sooner.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Dec 12, 2018
    • SBI Personal Loan
      "Good loan experience"
      0.5 5.0/5 "Blown Away!"
      I have purchased a personal loan with State bank of India. 14 months back, i bought this loan. I got the personal loan amount of Rs. 6.40 lakhs. They have offered me a interest rate of 12.5% and I'm not happy about that. Within 2 days i have received the loan. I'm paying the EMI of Rs. 14700 and i have chosen the tenure period of 60 months.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Dec 11, 2018
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