SBI Bank Personal Loan EMI Calculator
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Are you planning to take a personal loan from SBI (State Bank of India)? One of the first steps in smart loan planning is to calculate your monthly EMI—so you know how much you’ll pay and whether it fits your budget.
That’s where the SBI Bank Personal Loan EMI Calculator comes in handy. In this blog, we’ll explain what it is, how it works, how to use it, and why it’s an essential financial tool before applying for a loan.
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- What is a Personal Loan EMI Calculator?
- How Does the SBI Bank Personal Loan EMI Calculator Work?
- How to Use the SBI Bank Personal Loan EMI Calculator
- Why Use the SBI Bank Personal Loan EMI Calculator?
- Benefits of Using a Personal Loan EMI Calculator
- Explore Other Useful Loan Calculators
- Other Financial Tools You May Find Helpful
What is a Personal Loan EMI Calculator?
A Personal Loan EMI Calculator is a simple online tool that helps you figure out how much you’ll pay each month (EMI) to repay your loan.
You just need to enter:
Loan amount (how much you want to borrow)
Loan tenure (how long you want to repay)
Interest rate (rate offered by the bank)
The calculator instantly shows your monthly EMI, total interest payable, and total repayment amount.
How Does the SBI Bank Personal Loan EMI Calculator Work?
The SBI EMI Calculator works using a fixed formula that calculates your EMI based on three main inputs:
Loan Amount (e.g., ₹3,00,000)
Loan Tenure (e.g., 36 months)
Interest Rate (e.g., 11% p.a.)
Once you enter these, the calculator gives you instant results:
Your monthly EMI
The total interest you will pay over the full loan term
The total amount to be repaid
It helps you plan ahead and choose the right loan terms before applying.
EMI Calculation Formula
Here’s the formula used by the calculator:
EMI=P×R×(1+R)N(1+R)N−1\text{EMI} = \frac{P \times R \times (1 + R)^N}{(1 + R)^N - 1}EMI=(1+R)N−1P×R×(1+R)N
Where:
P = Principal loan amount
R = Monthly interest rate (Annual rate ÷ 12 ÷ 100)
N = Loan tenure in months
Don’t worry about doing the math yourself—the EMI calculator does it instantly.
Amortisation Schedule
An amortisation schedule is a table that shows how your loan will be repaid over time. It includes:
EMI amount
Principal repaid each month
Interest paid each month
Outstanding loan balance after each EMI
In the beginning, a larger part of the EMI goes toward interest, and over time, more of it goes toward principal repayment. This schedule helps you understand your loan breakdown month by month.
How to Use the SBI Bank Personal Loan EMI Calculator
Using the SBI EMI calculator is quick and easy. Follow these steps:
Visit the SBI official website
Go to the Personal Loan EMI Calculator section under “Loans” or “Tools”
Enter the Loan Amount (e.g., ₹2,00,000)
Choose the Loan Tenure (e.g., 24 or 36 months)
Enter the Interest Rate (e.g., 11.5%)
The calculator will instantly show:
Your EMI
Total interest payable
Total amount payable
You can adjust the values to see what fits your budget best.
Why Use the SBI Bank Personal Loan EMI Calculator?
Using this calculator before applying for a loan has several advantages:
Gives you a clear idea of your EMI
Helps you compare different loan options
Avoids financial surprises
Ensures the EMI fits your monthly income
Saves time and avoids complex manual calculations
It’s a must-use tool for confident and stress-free loan planning.
Benefits of Using a Personal Loan EMI Calculator
Benefit | How it Helps |
Budget Planning | Know if the EMI is affordable for your income |
Informed Decisions | Choose the right loan amount and tenure |
Loan Comparison | Try different scenarios to find the best fit |
Time-Saving | Instant results with zero paperwork |
Transparency | Understand the total cost of borrowing |
Explore Other Useful Loan Calculators
SBI also offers other calculators that can help you with different types of loans:
Home Loan EMI Calculator
Car Loan EMI Calculator
Education Loan Calculator
Business Loan Calculator
Loan Against Property EMI Calculator
Each calculator works the same way—just enter your loan details and get instant EMI results.
Other Financial Tools You May Find Helpful
SBI’s website also offers more tools to help you manage your money:
SIP Calculator – For mutual fund investment planning
FD Calculator – To check maturity value of fixed deposits
RD Calculator – For recurring deposit returns
Income Tax Calculator – Estimate your annual tax
Loan Eligibility Calculator – Know how much you can borrow
These tools are free and super useful for financial planning and decision-making.

Author Bio
Paybima Team
Paybima is an Indian insurance aggregator on a mission to make insurance simple for people. Paybima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. Paybima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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