While talking about SBI personal loans, how can an EMI calculator be skipped? The SBI Bank personal loan EMI calculator is a savvy and time-saving instrument that aids you with accurate calculations of your EMIs, Interest outgo, and total Amount you are payable towards a personal loan seamlessly. The components of the EMI calculator are Loan amount, tenure & interest rate.
After providing this information to the device, it will show the exact results for you in a blink of an eye. SBI Personal Loan EMI will let you know whether your EMIs are pocket-friendly and easy-to-understandable. It provides accurate results immediately.SBI Personal Loan EMI depends on the loan amount, repayment tenure, interest rate, your monthly salary & company where you are employed. The EMI for an Rs. 7,00,000 lakhs SBI personal loan is decided on the interest rate & loan tenure.
Also Read: CIBIL™ Score Needed For An SBI Bank Personal Loan
Illustration:
The following is the EMI calculated for an amount of Rs.7,00,000 Personal Loan at 13% different interest rates for 1-3 years tenure:
|
Loan Amount |
Rate of Interest |
Tenure |
Monthly EMI |
|
7,00,000 |
13% |
3 years |
Rs.23,586 |
|
7,00,000 |
13% |
2 years |
Rs.33,279 |
|
7,00,000 |
13% |
1 years |
Rs.62,522 |
Always remember that the EMI for a 7,00,000 loan will change if you change tenure & interest rate.