SBI Personal Loan EMI Calculator (2026) – State Bank of India
SBI Personal Loan Rate: 11% – 15% p.a. (2026)
SBI Personal Loan EMI Calculator
Loan Amount ₹5,00,000
Interest Rate (% p.a.) 11%
Loan Tenure (Years) 5 Years
Your Monthly EMI
₹10,871
Principal Amount
₹5,00,000
Total Interest Payable
₹1,52,260
Total Amount Payable
₹6,52,260
You pay ₹30 interest per ₹100 borrowed. SBI offers competitive rates among public sector banks.
Principal vs Interest Breakdown
Principal
Interest
EMI Breakdown Table – Year-wise Amortization Schedule
| Year | Opening Balance | Principal Paid | Interest Paid | Closing Balance | P vs I Split |
|---|
How to Use SBI Personal Loan EMI Calculator
The SBI Personal Loan EMI Calculator on CalculatorHubSite lets you calculate your exact monthly EMI for any State Bank of India personal loan in seconds. Whether you are applying for SBI Xpress Credit, SBI Quick Personal Loan, or any other SBI personal loan product — this tool gives you instant, accurate results.
Simply enter 3 values to get started:
- Enter your Loan Amount (₹25,000 to ₹20,00,000)
- Set the Interest Rate — SBI personal loan rates range from 11% to 15% p.a. in 2026
- Choose your Loan Tenure — SBI offers 1 year to 6 years
- Click Calculate EMI — get monthly EMI, total interest, and year-wise breakdown
SBI EMI Calculation Formula
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
P = Principal Loan Amount
R = Monthly Interest Rate = Annual Rate ÷ 12 ÷ 100
N = Loan Tenure in Months
Example: ₹5,00,000 at 11% for 5 years:
R = 11 ÷ 12 ÷ 100 = 0.00917, N = 60
EMI = [5,00,000 × 0.00917 × (1.00917)^60] / [(1.00917)^60 – 1] = ₹10,871/month
P = Principal Loan Amount
R = Monthly Interest Rate = Annual Rate ÷ 12 ÷ 100
N = Loan Tenure in Months
Example: ₹5,00,000 at 11% for 5 years:
R = 11 ÷ 12 ÷ 100 = 0.00917, N = 60
EMI = [5,00,000 × 0.00917 × (1.00917)^60] / [(1.00917)^60 – 1] = ₹10,871/month
SBI Personal Loan Schemes 2026
State Bank of India offers multiple personal loan products to suit different customer profiles. Here are the major SBI personal loan schemes available in 2026:
SBI Xpress Credit
For salaried employees with salary account in SBI. Loan up to ₹20 lakhs. Quick disbursal with minimal documents.
SBI Quick Personal Loan
Pre-approved instant personal loan for existing SBI customers. Disbursal within minutes through YONO app.
SBI Pension Loan
Specially designed for central and state government pensioners. Lower interest rates with longer tenure options.
SBI Xpress Elite
For high-income salaried customers with net monthly income above ₹1 lakh. Higher loan amounts at competitive rates.
SBI Personal Loan Interest Rates 2026 – Credit Score Wise
SBI personal loan interest rates in 2026 depend primarily on your CIBIL credit score, monthly income, and employment category. Here is the complete rate chart:
| Credit Score (CIBIL) | Interest Rate (p.a.) | Max Loan Amount | Max Tenure |
|---|---|---|---|
| 750 & above (Excellent) | 11% – 12% | ₹20 Lakhs | 6 Years |
| 700 – 749 (Good) | 12% – 13.5% | ₹15 Lakhs | 5 Years |
| 650 – 699 (Fair) | 13.5% – 14.5% | ₹10 Lakhs | 4 Years |
| Below 650 (Poor) | 14.5% – 15% | ₹5 Lakhs | 3 Years |
| Govt. Employees (Any Score) | 11% – 12.5% | ₹20 Lakhs | 6 Years |
| Pensioners | 11% – 12% | ₹14 Lakhs | 7 Years |
*Rates are indicative and may vary. Contact SBI or visit sbi.co.in for the most current rates applicable to your profile.
SBI Personal Loan EMI Examples (2026)
Use these ready-calculated EMI figures to quickly estimate your SBI personal loan repayment before applying:
| Loan Amount | Interest Rate | Tenure | Monthly EMI | Total Interest |
|---|---|---|---|---|
| ₹50,000 | 11% | 1 year | ₹4,421 | ₹3,052 |
| ₹1,00,000 | 11% | 2 years | ₹4,661 | ₹11,864 |
| ₹2,00,000 | 11% | 3 years | ₹6,553 | ₹35,908 |
| ₹5,00,000 | 11% | 5 years | ₹10,871 | ₹1,52,260 |
| ₹10,00,000 | 12% | 5 years | ₹22,244 | ₹3,34,640 |
| ₹15,00,000 | 13% | 6 years | ₹29,688 | ₹5,37,536 |
| ₹20,00,000 | 14% | 6 years | ₹38,958 | ₹8,04,976 |
SBI vs Other Banks – Personal Loan Rate Comparison
| Bank | Interest Rate | Max Loan | Max Tenure |
|---|---|---|---|
| SBI Bank | 11% – 15% | ₹20 Lakhs | 6 Years |
| HDFC Bank | 10.5% – 21% | ₹40 Lakhs | 5 Years |
| ICICI Bank | 10.85% – 19% | ₹50 Lakhs | 6 Years |
| Axis Bank | 11.25% – 22% | ₹40 Lakhs | 5 Years |
| Canara Bank | 11.25% – 14% | ₹10 Lakhs | 7 Years |
SBI Personal Loan Eligibility & Documents Required
Eligibility Criteria
- Age: 21 to 58 years (salaried)
- Minimum net monthly income: ₹15,000
- Employment: Regular salaried or pensioner
- Credit score: 650+ (700+ for best rates)
- Existing SBI salary account preferred
- Minimum 2 years of employment
Documents Required
- PAN Card (mandatory)
- Aadhaar Card / Passport / Voter ID
- Last 3 months salary slips
- Last 6 months bank statements
- Form 16 (latest)
- 2 passport size photographs
How to Apply for SBI Personal Loan
- Online: Apply through YONO SBI app or sbi.co.in — instant approval for pre-approved customers
- Branch: Visit your nearest SBI branch with all documents
- Call: Contact SBI customer care at 1800-11-2211 (toll free)
- SMS: Send “PERSONAL” to 567676 to get a call back from SBI
Frequently Asked Questions – SBI Personal Loan EMI
What is SBI personal loan interest rate in 2026?
State Bank of India personal loan interest rate starts from 11% per annum in 2026 and goes up to 15% p.a. Government employees, defense personnel, and existing SBI salary account holders typically get the lowest rates. Your exact rate depends on your CIBIL score, income, and employment category.
What is SBI Xpress Credit personal loan?
SBI Xpress Credit is SBI’s flagship personal loan for salaried employees who maintain their salary account with SBI. Key features: loan up to ₹20 lakhs, tenure up to 6 years, minimal documentation, quick disbursal, and no collateral required. It is one of the most popular personal loan products in India.
What is the maximum loan amount for SBI personal loan?
SBI offers personal loans up to ₹20 lakhs for eligible salaried employees. For pensioners under SBI Pension Loan scheme, the limit is ₹14 lakhs. The actual amount is typically capped at 24 times your net monthly salary, subject to repayment capacity.
Can I get SBI personal loan instantly through YONO app?
Yes! SBI offers pre-approved instant personal loans through the YONO SBI mobile app for eligible existing customers. If you are pre-approved, the loan amount is disbursed directly to your SBI account within minutes — no branch visit required.
What is SBI personal loan processing fee?
SBI charges a processing fee of 1% to 1.5% of the loan amount, subject to a minimum of ₹1,000 and maximum of ₹15,000 plus applicable GST. SBI occasionally waives processing fees during festive seasons or special campaigns — check sbi.co.in for current offers.
Can I prepay or foreclose my SBI personal loan?
Yes, SBI allows prepayment and foreclosure of personal loans. For floating rate loans, there is no prepayment penalty. For fixed rate loans, a prepayment charge of up to 3% on the outstanding principal may apply after the lock-in period. Part-prepayment is also allowed.