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  • SBI Personal Loan EMI Calculator is Rated as "Excellent!" by 528 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 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? 2
      , 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? 1
      , champawat
      Reviewed on Sep 18, 2018
    • SBI Personal Loan
      "good service"
      0.5 4.0/5 "Great!"
      I have taken housing loan through SBI , the customer service sis good and i did not face any issue at the time of documentation time . There is no hidden charges with this bank and tenure period is 30year . Loan amount is up to the mark . Processing fee is 1000 rs .
      Was this review helpful? 7
      , jaipur
      Reviewed on Sep 07, 2018
    • SBI Personal Loan
      "Good service "
      0.5 4.0/5 "Great!"
      Got my personal form State bank of India, as the rate of interest is nominal one . Making the payments through Ecs . Got approved as instant approval process. There is no processing fees for the personal loan with tenure period of 4 years . Their customer service and response is good regarding personal loan.
      Was this review helpful? 2
      , bangalore
      Reviewed on Sep 05, 2018
    • SBI Personal Loan
      "Good Banking Service"
      0.5 4.0/5 "Great!"
      I have take personal loan from the sbi which they approved and the amount is reflected in next day ,its instant approve process. As am satisfied with the rate of interest which is quiet nominal one They provided the tenure period of 48 months and i make the payment monthly though ECS.. There is no processing fees also, i have closed this loan
      Was this review helpful? 4
      , hyderabad
      Reviewed on Sep 05, 2018
    • SBI Personal Loan
      "Not a good expereince"
      0.5 2.0/5 "Expected more"
      I have taken a personal for 3 Lacs from the SBI, the experience wasn't good, there were too many formalities and it was also time consuming. They need to ensure a timely approval and processing when it comes to personal loan.
      Was this review helpful? 5
      , mumbai
      Reviewed on Aug 29, 2018
    • SBI Personal Loan
      "good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with SBI and the experience with this bank is pretty good , i did not face any issue at the time of documentation even the process was very quick . Tenure period is 5year and rate of interest is 9% and it is satisfactory . Processing fee is free and i use to pay EMI 15000 per month .
      Was this review helpful? 3
      , hyderabad
      Reviewed on Aug 26, 2018
    • SBI Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from Sbi bank . Am satisfied with the rate of interest which they have provided . There is no processing fees for the loan which is nominal one. I make the payments through Ecs every month . They gave the tenure period of 4 years . They did quick documentation and received the loan.
      Was this review helpful? 8
      , bangalore
      Reviewed on Aug 22, 2018
    • SBI Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with SBI 5 years back.The loan amount was 3 lakhs and he interest rate was quite satisfactory . The customer service and responses was good. The tenure period was 5 years . I had a smooth documentation here and but they have taken much time for the process.
      Was this review helpful? 3
      , bangalore
      Reviewed on Aug 14, 2018
    • SBI Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have take personal loan from the sbi which they approved in 2-3 day and the amount is reflected in next day ,its instant approve process. As am satisfied with the rate of interest which is quiet nominal one They provided the tenure period of 1-5 year and i make the payment monthly though ECS.. There are no processing fees also.
      Was this review helpful? 7
      , hyderabad
      Reviewed on Aug 13, 2018
    • SBI Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience with SBI for personal loan was good, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. Customer service was good and they responded on time. The tenure period for this loan is 5 years.
      Was this review helpful? 7
      , hyderabad
      Reviewed on Jul 31, 2018
    • SBI Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It has been a very good experience with them and i had taken this loan almost 4 months back and the process in getting this loan had been simple and easy. The loan amount which they had provided had been satisfactory. The interest rate with them also had been nominal of 14.4% and the customer support and the staff response had been good as well.
      Was this review helpful? 7
      , chennai
      Reviewed on Jul 26, 2018
    • SBI Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have take personal loan from the sbi which they approved in 2-3 day and the amount is reflected in next day ,its instant approve process. As am satisfied with the rate of interest which is quiet nominal one They provided the tenure period of 10-15 year and i make the payment monthly though ECS.. There are no processing fees also.
      Was this review helpful? 3
      , mumbai
      Reviewed on Jul 25, 2018
    • SBI Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I have taken a personal loan from SBI and my loan experience was good, the loan amount was for Rs 2 lakhs with nominal interest rate when compared to other banks. Customer service was good and they followed up on time. There are no preclosure charges and the tenure period for this loan is 4 years.
      Was this review helpful? 6
      , new delhi
      Reviewed on Jul 17, 2018
    • SBI Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have taken personal loan from the State bank of India which took around 1 week for approval and documentation . Am satisfied with the rate of interest 10.4% which they have provided . They charged Rs 8000 for processing fees with the tenure period of 5 years .Their customer service and service is not up to the mark as i have to do follow up regarding loan.
      Was this review helpful? 8
      , bangalore
      Reviewed on Jul 17, 2018
    • SBI Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      My personal loan was taken with SBI 2 years back.The loan amount was 2 lakhs and the interest rate as very high . The EMI period was 5 years .The process was very slow and they have delayed processing it .The documentation was smooth .hey did not sanction the loan within the committed time. Their processing fee was average in the market.
      Was this review helpful? 13
      , hyderabad
      Reviewed on Jul 14, 2018
    • SBI Personal Loan
      "Very Good Service"
      0.5 4.5/5 "Excellent!"
      I had chosen to go with them since i was holding my salary account from the same bank. The process in getting the loan had been very easy and smooth. The loan amount which they had given had been okay and the interest rate with them had been nominal. There has not been any processing fee which they have charged. Their customer support and the staff responses had been helpful as well.
      Was this review helpful? 9
      , kochi
      Reviewed on Jul 13, 2018
    • SBI Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with SBI 7 years back. The loan amount was 1.57,000 and the interest rate was bit higher than others .The tenure period was 4 years . The customer service and responses was good. They have sanctioned the loan with the committed time. The processing fee was nominal.
      Was this review helpful? 6
      , lucknow
      Reviewed on Jul 07, 2018
    • SBI Personal Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      I had took this loan almost 5-6 months back and the process in getting the loan has been easy and smooth. The loan amount had been easy and smooth and the interest rate with them had been very good. There has not been any issues faced with the banking services of them.
      Was this review helpful? 4
      , chennai
      Reviewed on Jun 28, 2018
    • SBI Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have take personal loan from the sbi which they approved in 1 day and the amount is reflected in next day ,its instant approval process. As am satisfied with the rate of interest which is nominal one of 8.5% They provided the tenure period of 2 year and i make the payment monthly though ECS.. There is no processing fees also,
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jun 26, 2018
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