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SBI Personal Loan EMI Calculator

Unlock early access to our SBI Personal Loan EMI Calculator

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SBI Personal Loan EMI Calculator

Calculate your SBI Personal loan EMI & plan your finances wisely

Loan Amount
Rate of Interest(p.a)
Loan Tenure
Monthly EMI
₹ 1,135
Total Interest
₹ 36,258
Principal Amount
₹ 1,00,000
Total Amount Paid
₹ 1,36,258

At ACKO, we understand that personal loans can help fund major expenses and achieve lifestyle goals. However, borrowing wisely requires evaluating if the Equated Monthly Instalment (EMI) fits your budget. An unaffordable EMI can stress monthly cash flows and lead to loan defaulting.

This is why we have created an SBI Personal Loan EMI Calculator - an intuitive tool tailored to your specific loan requirements. As one of India's leading nationalised banks, the State Bank of India (SBI) offers some of the most competitive interest rates to personal loan borrowers. Their average personal loan rates range from 11.40% to 11.55% p.a.

Understanding indicative SBI personal loan EMIs will bring transparency into the costs of borrowing. Comparison with income gives clarity on repayment capacity before signing the dotted line. Use our calculator to make well-informed funding decisions for your needs and goals.

SBI Personal Loan EMI Calculator – Quick and Accurate Personal Loan EMI Calculation Online
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About Home Loans and a brief intro to SBI:

How SBI Bank Personal Loan EMI Calculator Can Enhance Your Financial Strategy?
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The EMI is calculated using the formula:

EMI = P x R x (1+R)^N / [(1+R)^N-1]


For example, if you take a ₹5 lakh personal loan for 4 years (48 months) at 15% annual interest:

Plugging this into the formula:

Monthly rate (R) = 15%/12 = 1.25% per month

EMI = [5,00,000 x 1.25% x (1+1.25%)^48]/[(1+1.25%)^(48-1)]

EMI = ₹12,068

A Guide to How SBI Personal Loan EMI Calculator Calculates EMIs
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The equated monthly instalment (EMI) comprises two parts:

To demonstrate how our calculator performs these calculations, consider this example:

Loan Repayment Schedule
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Interest Paid

Principal Repaid

Total EMI Paid

Outstanding Principal

Year 1





Year 2





Year 3





Year 4






How to use Acko SBI Personal Loan EMI Calculator: Simplifying your Loan Planning
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Taking a personal loan for your financial needs should not feel challenging. We offer an intuitive digital platform to make EMI planning hassle-free and enable informed decisions.

Our interactive features allow you to:

Estimate Your EMIs Quickly
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  • Submit loan details like amount, tenure and rate into our smart SBI Personal Loan EMI Calculator.
  • The real-time amortisation table shows your exact monthly instalments and interest payouts.

Understand Total Costs
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  • The report gives a full breakdown covering processing fees and prepayment costs.
  • Clearly maps yearly changes in principal/interest components.

Ensure Affordability
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  • Do a reality check by inputting your income flows for every month.
  • The calculator stops any nonviable options that overstress your budget.

Simplified Application
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  • Directly submit documents online through our portal.
  • Live status tracking and alerts on approvals, disbursal dates, etc.

Personal Loan and Term Insurance
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A personal loan helps meet financial goals like debt consolidation, home renovation, weddings, medical needs, etc. You can borrow a lump sum amount to be repaid in Equated Monthly Instalments (EMIs) over a tenure of 1-5 years usually.

Term insurance is a life insurance policy that provides financial protection to your family in case of your untimely demise. It pays out the assured sum insured amount to nominees if the policyholder passes away during the policy coverage period.

Personal loans and term plans cater to different financial needs but can complement each other in certain aspects:

Advantages of Using Acko SBI Personal Loan EMI Calculator
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Using Acko's calculator makes planning your loan easy. Here are the key benefits:

Helps You Plan Your Finances
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An EMI calculator shows exactly how much you need to pay each month for a loan. This helps you manage your budget well in advance. No last-minute stress.

Correct Calculations
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The calculator uses the right formulas. It cannot make mistakes like we humans can in complex calculations. You always get 100% accurate EMIs.

Check Options
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Want to take a smaller loan? Or pay over 5 years instead of 3 years? You can check different combinations. See what monthly payouts change. This helps pick the best loan option.

Fit Repayment to Income
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Can you pay huge EMIs every month? Check if the loan fits your income by changing options. This avoids future problems.

Customisation Options in the Acko SBI Personal Loan EMI Calculator
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Our calculator allows you to change loan details as per your needs. You can see new EMI calculations immediately.

Personalise your Loan Amount
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Our calculator tool allows loan amount customisation within a wide range - from ₹500 going up to ₹10 crore, based on your financial requirements and repayment capacities assessed. You can modify the loan figures to smaller or higher amounts using sliders and input boxes.

Select your Preferred Tenure
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Repayment durations can be tailored across an accelerated 1-year plan for minimising outflows over time or relaxed 8-year options for tempering EMI costs on a monthly basis. Our calculator delivers complete flexibility - increase, decrease or set standard 5-year terms.

Compare Rates to Identify Attractive Options
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Our systems fetch the latest interest rates being offered to salaried professionals and self-employed categories from leading financial institutions. The best-prevailing market rates help you optimise selection. 

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Getting the loan you need is one thing. But protecting your future is equally important. This is where ACKO can guide you.

ACKO offers new kinds of insurance to safeguard all your needs. We use technology to make buying and using insurance easier.

Our main products are:

We have very simple claim and renewal processes. Buying also takes just minutes through our app and website. Our experts are always ready to advise you on the right insurance cover as per your lifestyle and risks. They take time to understand your specific needs and suggest solutions.

We want to help you secure your family’s future while you focus on your goals today. Please go through the information on our website to learn more. Or you can directly connect with our advisors for guidance.

Frequently Asked Questions (FAQs)
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Here are some frequently asked questions about SBI Personal loan EMI Calculator


What details do I need to use the EMI calculator?

You need to enter the desired personal loan amount, preferred loan tenure, and the current interest rate offered by SBI based on your credit profile.

How does the EMI calculator work?

The EMI calculator uses the loan details you enter to calculate your Equated Monthly Instalments (EMIs) automatically. It uses the formula: EMI = Principal x Interest Rate x (1+ Interest Rate)^Tenure/((1+Interest Rate)^Tenure - 1)

Does the Calculator show processing fees or other charges?

Yes, the Calculator provides the overall cost, including processing fees and pre-closure charges, to show the total repayment liability over the loan tenure.

Can I compare scenarios with different interest rates?

Yes, you can adjust interest rates, loan amount and tenure using slider bars to simulate different scenarios and compare the resultant changes in EMIs.

How do I apply for the SBI personal loan post using the Calculator?

Once you finalise the preferred loan details, you can submit documents and complete the application formalities digitally through the linked portal for faster approval.