SBI Personal Loan Calculator 2022 – Calculate EMI Online Through SBI Portal

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SBI Personal Loan Calculator 2022: The State Bank of India has given you SBI Personal Loan Calculator to calculate EMI, total interest cost and total amount payable for different loan amount, interest rate and loan tenure. State Bank of India offers personal loans with EMIs starting at just Rs 2,105 per lakh. Remember that SBI does not approve personal loan applications if the applicant’s proposed EMI is more than 50% of his net monthly income.

The easiest and most convenient way to calculate your SBI personal loan is to use the calculator provided by State Bank of India. This will help you decide the best tenure and EMI for your SBI Personal Loan based on your repayment capacity. If you can’t decide whether to apply for a loan or not, SBI Personal Loan Calculator will surely help you. Today we will share you how to use SBI Personal Loan Calculator to calculate your EMI online.

EMI For 1 Lakh Personal Loan

The minimum EMI for Rs.1 lakh Personal Loan amount of 9.60% Rate of Interest. Here is the chart below –

Interest Rates Loan Tenure Lowest EMI Per 1 Lakh
9.60% 5 Years Rs.2,105
9.60% 4 Years Rs. 2,517
9.60% 3 Years Rs. 3,208
9.60% 2 Years Rs. 4,596
9.60% 1 Years Rs. 8,773

SBI Personal Loan Calculator Formula

Here is the formula applied to calculate EMI on a personal loan. This is a standard formula.


The letters represent the following –

  • R= Rate of Interest on Loan Amount
  • EMI= Equated Monthly Installment
  • N= Tenure for Repaying the Loan Amount
  • P= The Principle Amount

For Example:-

If the Principle Amount is Rs. 2 lakh with a rate of interest of 10% and tenure of 5 years, the EMI will be calculated as-

[2,00,000 X 10 X(1+10)^5]/[(1+10)^5-1]= 4,249

How to Use SBI Personal Loan Calculator?

You can calculate EMI online through SBI portal. This is one of the simplest and convenient way to calculate your SBI personal loan. Here is the steps to calculate your SBI personal loan.

  • Step: 01- Visit the official website of the State Bank of India.
  • Step: 02- On the homepage you will find the option Personal Loan“.
  • Step: 03 – Click on the link & go to the “Loan” sections.
  • Step: 04-  In the loan section you will find the link for calculators.
  • Step: 05- Click on the link and various loan calculators will appear in front of you.
  • Step: 06- Select EMI Calculator to check your loan amount.
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