State Bank Of India EMI Calculator for Home Loan, Personal Loan, Car Loan

Do you want to take the loan on EMI in State Bank of India? Use SBI EMI Calculator to check the Equated Monthly Installment amount. State Bank offers the EMI for Car loans, personal loans, Home loans. So, it also provides SBI EMI calculator for Personal loan, SBI Home Loan EMI Calculator and Car loan EMI Calculator SBI. Therefore, it will be very easy to calculate SBI monthly EMI amount. If you don’t know about the EMI in State bank read this entire article and gain knowledge about the SBI interest rates, SBI loan eligibility, documents required for SBI Personal loan, home loan, car loan etc.

SBI EMI Calculator – State Bank Of India

Online SBI EMI Calculator is the best tool to calculate the monthly payments. Once, you take the loan you have to pay EMI throughout the loan tenure. So, this SBI EMI calculator is very essential. The EMI calculation can also be done manually using the EMI formula which is very complicated. The Formula to calculate the Interest rates for all types of loans is same yet there may be variation in the Interest rates.

SBI is a multinational public sector bank in India which offers the financial services to the public. It has its headquarters at Mumbai. State Bank provides attractive loan offers for various types of loans such as personal loans, car loans, housing loans. So, many of us choose the SBI to take the loan. The main advantage of loans in SBI is the loan sanction will be done in a short time. Another interesting thing is the Interest rates are also low.

Three Important parameters to use SBI EMI Calculator

  • SBI loan Amount/ Principle.
  • SBI Interest Rates.
  • Tenure of the loan.

 What is EMI?

Full form of EMI is Equated Monthly Installment. EMI is the fixed amount which is paid to the bank by the person who takes loan till the total loan amount is repaid. EMI calculation is based on the interest rate and the loan tenure. The EMI interest rates are not same for all banks.

 Types Of Loans in SBI

  • SBI Home Loan.
  • SBI Personal Loan.
  • Car loan.

SBI Loan Benefits

  • Low-Interest Rates.
  • Interest Rates are calculated on daily reducing balance.
  • Home loans are available as overdrafts.
  • Low processing charges.
  • No hidden administrative charges.
  • No prepayment Penalties.

SBI Personal Loan EMI Calculator

For everyone at some point in their life needs the Personal loan. The personal loan helps you financially at difficult times such as for medical treatment, marriage, Education etc. No need to provide any surety to the bank and you can use the money for anything. In SBI, the personal loan is popularly known as “SBI Saral Personal loan”. If you take the Personal loan in SBI on EMI basis, you can use the SBI Personal loan EMI calculator to know details about the installment payments. Refer the steps at the bottom of this page to use the SBI EMI calculator for the Personal loan. If you want to check the SBI Personal loan eligibility, you will find the SBI personal loan eligibility calculator in SBI official site. Documents for the SBI personal loan are listed below.

  •  SBI Personal Loan Eligibility

Usually, the personal loan is given for everyone with minimum requirements. The personal loan eligibility in SBI is for the individuals with a good salary, self-employed, doctor, engineer, architect, Charted accountant etc. The SBI personal loan amount is not fixed it depends on the income and the capacity of repayment.

The minimum SBI Personal loan Amount at metro and urban branches is Rs. 24,000/-.

The minimum SBI Personal loan Amount at rural/semi-urban branches is Rs. 10, 000/-.

Coming to the SBI Personal loan Maximum amount is 12 times the Net Income of a salaried person.

  • SBI Personal Loan Repayment

The Repayment should be in 48 EMI’s. If not you need to pay penalty along with the loan amount.

  • SBI Personal Loan Processing Fee charges

Processing fee charge for the SBI Personal loan is 2% to 3% of loan amount + applicable Service Tax.

  • SBI Personal Loan Interest Rates 2017

SBI personal loan Interest rate for salaried person12.50% – 16.60% per annum.

The SBI personal loan Interest rate for self-employed11.20% – 16.30% per annum.

SBI Personal Loan Documents

  • Completed loan application.
  • 3 Passport size photographs.
  • Statement of Bank Account/ Pass Book for last six months.
  • Signature identification from present bankers.
  • Personal Assets and Liabilities statement.
  • Identity Proof  (photocopies of Voters ID card/ Passport/ IT PAN card).
  • Proof of residence (photocopies of recent Telephone Bills/ Electricity Bill/ Voters ID card).
  • Proof of business address for non-salaried individuals.

Steps To Use SBI EMI Calculator for Personal Loan

  • Make use of official link: https://www.sbi.co.in/portal/web/home/emi-calculator or click here:

SBI EMI Personal Loan Calculator

  • Then, the Personal loan calculator SBI will appear as shown below.

SBI-emi-Calculator

  • Now, you have to enter the loan amount in the column provided for “Amount”.
  • In the duration, block enter the loan tenure/ period.
  • At last, you have to enter the Interest rate in terms of Percentage.
  • Finally, click on “calculate”.
  • Then, the total EMI and the total Personal loan interest in Rupees are displayed in the block as shown in the above image.

SBI Home Loan EMI Calculator

Every one of us has a dream to buy the own house. It may no be possible for common people to invest such a large amounts at a time in buying a house. So, to make our dreams come true SBI offers housing loans. The home loan in SBI is given to buy a plot/ flat or land. Therefore, in order to calculate the SBI home loan EMI, the SBI EMI calculator for the home loan is necessary.  Hence, we have given the Steps to use Home loan EMI calculator SBI below. Along with the house loan SBI calculator, you will also find some useful info regarding the SBI Home loan.

  •  New SBI Home Loan Interest Rates 2017

sbi-Home-loan-Interest-Rates

  •  SBI Home Loan Eligibility

Self Employed Salaried
Age 21 years – 70years 18 years  – 70years
Loan Amount Rs. 5,00,000 – Rs. 2,00,00000 Rs. 5,00,000 – Rs. 1,00,00000
Net Income 2,00,000 Per Year 1,20,000 Per Year
Experience 3 Years 2 Years
Loan Tenure 5-20 years 5-20 years

Documents Required For SBI Home Loan

  • Completed loan application.
  • 3 Passport size photographs.
  • Identity Proof  (photocopies of Voters ID card/ Passport/ IT PAN card).
  • Proof of residence (photocopies of recent Telephone Bills/ Electricity Bill/ Voters ID card).
  • Proof of business address for non-salaried individuals.
  •  Statement of Bank Account/ Pass Book for last six months.
  • Signature identification from present bankers.
  • Personal Assets and Liabilities statement.

For furthermore terms and conditions regarding the SBI housing loan click here SBI-Home-loan-Terms-Conditions.

How To Use  Home loan EMI calculator SBI

  • Click on the link given below or make use of this official link: https://www.sbi.co.in/portal/web/home/emi-calculator.
  • The SBI housing loan EMI calculator will be displayed.
  • Now, you have to fill the block with the required details.
  • In the amount block, you have to enter the SBI housing Loan amount.
  • Then, enter interest rate.
  • Finally, enter the Loan tenure and click on calculate.

SBI Home Loan EMI Calculator

SBI Car Loan EMI Calculator

If you are planning to buy a New car? don’t waste your valuable savings. Use the SBI car loan facility so that you can repay the loan in monthly installments. SBI offers the best EMI car loan schemes. To apply for SBI car loan, the car loan EMI calculation is necessary. So, we have provided the steps to use the Online EMI calculator for SBI Car loan. State bank car loan EMI interest rates and eligibility for SBI car loan given below. To apply for the car loan in SBI you need to submit some important documents. Therefore, we have given the SBI car loan documents list.

  • SBI Car Loan Interest Rates 2017

The interest rate is so important as the EMI is based on the rate of interest. An Interest rate for SBI car loan may be between 9.20% – 9.25%. Always the Interest rates are in terms of percentages.

  • Eligibility for SBI Car loan

    • The SBI Car loan applicant age must be between 21-65 years.
    • Employees may belong to state government, central government and private companies.
    • Farmers and persons engaged in allied activities.
    • To get SBI car loans, the Net Income Rage must be above Rs. 3,00,000 or Rs. 25, 000 per month.
  • SBI Car Loan Repayment Period

Car Loan Repayment period in SBI is Maximum of  7 years.

How To Use Car Loan EMI Calculator SBI

  • Click on the below link or make use of this link: https://www.sbi.co.in/portal/web/home/emi-calculator.
  • Then, EMI calculator car loan opens.
  • Enter the SBI car loan amount, interest rate, and the loan tenure.
  • Don’t forget that the loan tenure must be in months, interest in %, the amount in Rupees.
  • Finally, click on “Calculate” button.
  • Now, the calculated EMI for SBI car loan will obtain.

SBI Car Loan EMI Calculator

Updated: March 8, 2017 — 7:05 am

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