SBI personal loan interest rate and EMI calculator

SBI's personal loan for salaried people with an SBI salary account, from ₹1 lakh to ₹50 lakh over up to 7 years at 10% to 15% a year, with fee waivers for defence and government employees.

10% to 15% a year
₹1 lakh to ₹50 lakh
6 months to 7 years

We don't arrange SBI loans. These figures are from SBI's own pages, for comparison; apply on SBI's own website or branch.

Rates and charges

Interest rate: 10% to 15% a year
Other published rates: The rate is SBI's 2-year MCLR (8.75%) plus a spread of 1.25% to 6.25%, giving 10.00% to 15.00% a year, effective 15 Dec 2025 and shown on SBI's rate page as of 28 Sep 2026. Loans in Apr–Jun 2026 averaged 11.54%. SBI doesn't publish a separate interest rate for government or defence employees; its Central Government Salary Package page says a rate concession is available but gives no figure. Government and defence employees get a lower or zero processing fee (see processing fee). The loan is only for employees who take their salary in an SBI salary package account.
Processing fee: Up to 1.5% of the loan + GST, minimum ₹1,000 and maximum ₹15,000. Defence employees and Platinum or Rhodium salary package customers pay no fee. Government employees, and borrowers with a CIBIL score of 800 or more, pay half: 0.75% + GST, within the same ₹1,000 to ₹15,000 limits.
Loan amount: ₹1 lakh to ₹50 lakh
Tenure: 6 months to 7 years
Closing early: 2% of the amount prepaid when you close the loan early. The charge is waived for defence employees closing after 6 months, for government and corporate employees closing after 3 years (or after 6 months if the loan is closed with a new SBI personal loan), and for Platinum and Rhodium salary package customers closing after 6 months.
Part-prepayment: 2% of the amount prepaid. If you take the overdraft version of the loan, you can deposit extra money in the loan account and withdraw it again, within the drawing power.
Who can apply: Salaried
Minimum income: ₹20,000 a month
Age: 21–60 years; the loan must be repaid by retirement, end of contract or age 60, whichever applies

SBI personal loan EMI calculator

Prefilled with SBI's lowest published rate and its highest published processing fee (1.5%). Change any number to match your offer.

Your loan

Monthly EMI: ₹16,134
Total interest: ₹80,809
Processing fee + 18% GST: ₹8,850
Total cost of the loan: ₹89,659
Effective annual cost: 11.23%
Money in hand: ₹4,91,150
You pay back in 3 yr: ₹5,89,659

Total cost = interest + processing fee + GST. Effective annual cost is the yearly rate you really pay on the money in hand, the way lenders work out the APR in a Key Fact Statement.

Same loan, different tenures

EMI and total cost of a ₹5,00,000 loan at 10% for 12 to 60 months
Tenure	EMI	Total interest	Total cost (incl. fee + GST)	Effective annual cost
12 months	₹43,958	₹27,495	₹36,345	13.39%
24 months	₹23,072	₹53,739	₹62,589	11.79%
36 months (yours)	₹16,134	₹80,809	₹89,659	11.23%
48 months	₹12,681	₹1,08,702	₹1,17,552	10.95%
60 months	₹10,624	₹1,37,411	₹1,46,261	10.77%

A longer tenure lowers the EMI but raises the total interest. A fixed fee costs more per year on a short loan.

Lenders you can apply to through us

The lowest published starting rates among the lenders we compare. We may earn a commission from these.

IDFC FIRST BankFrom 9.99% a year · ₹50,000 to ₹15 lakhApply nowVia our referral partner. We may earn a commission.
Poonawalla FincorpFrom 9.99% a year · ₹1 lakh to ₹50 lakhApply nowVia our referral partner. We may earn a commission.
InCred10% to 36% a year · ₹50,000 to ₹15 lakhApply nowVia our referral partner. We may earn a commission.
KreditBee12% to 27.5% a year · ₹3,000 to ₹10 lakhApply nowVia our referral partner. We may earn a commission.

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Questions people ask

What is the SBI personal loan interest rate?

SBI publishes 10% to 15% a year. The rate is SBI's 2-year MCLR (8.75%) plus a spread of 1.25% to 6.25%, giving 10.00% to 15.00% a year, effective 15 Dec 2025 and shown on SBI's rate page as of 28 Sep 2026. Loans in Apr–Jun 2026 averaged 11.54%. SBI doesn't publish a separate interest rate for government or defence employees; its Central Government Salary Package page says a rate concession is available but gives no figure. Government and defence employees get a lower or zero processing fee (see processing fee). The loan is only for employees who take their salary in an SBI salary package account. The rate you're offered depends on your credit score, income and employer.

What is the EMI on a ₹5 lakh SBI personal loan?

At SBI's lowest published rate of 10%, about ₹16,134 a month over 36 months; at 15%, about ₹17,333. Use the calculator above for your own amount and tenure.

What is SBI's personal loan processing fee?

Up to 1.5% of the loan + GST, minimum ₹1,000 and maximum ₹15,000. Defence employees and Platinum or Rhodium salary package customers pay no fee. Government employees, and borrowers with a CIBIL score of 800 or more, pay half: 0.75% + GST, within the same ₹1,000 to ₹15,000 limits. GST at 18% is added to the fee.

Can I close a SBI personal loan early?

Closing early: 2% of the amount prepaid when you close the loan early. The charge is waived for defence employees closing after 6 months, for government and corporate employees closing after 3 years (or after 6 months if the loan is closed with a new SBI personal loan), and for Platinum and Rhodium salary package customers closing after 6 months. Part-prepayment: 2% of the amount prepaid. If you take the overdraft version of the loan, you can deposit extra money in the loan account and withdraw it again, within the drawing power.

Can I apply for a SBI personal loan through CreditParakh?

No. We don't arrange SBI loans; apply on SBI's own website, app or branch. If you'd like offers from several lenders at once, our partner's matching page suggests lenders based on your profile.

Last verified 21 Oct 2026 on each issuer's official page. Rates and fees change; check the lender's terms before you apply.

Source (SBI's own page, not linked because we don't arrange its loans): https://sbi.bank.in/web/interest-rates/interest-rates/loan-schemes-interest-rates/personal-loans-schemes. CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion.