Tag Archives: sbm personal loan eligibility calculator

State Bank of Mysore Personal Loan EMI Calculator

Personal Loans are always the best option to opt for, it makes life convenient to meet any unexpected expenses, be it a short-term or long-term financial needs. As there is no restrictions on the end use of personal loan, loan amount can be used for such as personal financial emergencies, any fancy spending free, meeting your daughter’s wedding, home renovation and home extension expenses and to meet any other high expenses. State Bank of Mysore Personal Loan is the perfect personal loan to help you realize all your personal expenses & comes with:

  • Attractive Interest rate of 16.80% onwards.

  • Maximum loan amount of Rs.1.50 lacs (depending on repayment capacity)

  • Loan amount of Rs. 25,000 to Rs. 15,00,000 can be availed under personal loan Xpress Credit.

  • Maximum loan tenure of 36 months and for Xpress Credit Scheme loan tenure is uo to 60 months.

  • Minimum processing charges of 1% of the loan amount.

  • Nil foreclosure Charges.

STATE BANK OF MYSORE – QUICK, EASY & INSTANT APPROVAL ONLINE

Professional Details
Loan Amount
Occupation
Yearly Income
City
Disclaimer: We do not provide Personal Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

SBM personal loan EMI calculator is the easy tool to use. Personal Loan EMI calculator helps you to assess whether you will be able to repay back your loan amount or not. You just need to enter the desired personal loan amount, the loan tenure in months, and the interest rate (current interest rates). The EMI calculator will automatically calculate your total payable amount of the loan taken including interest rates, your monthly payment and also the total payable interest. Steps to follow:

Step 1: Enter the loan amount. For e.g. Rs. 1,00,000/-

Step 2: Enter the interest rate (current interest rate). For e.g.: 16.80%

Step 3: Enter the loan tenure in months, i.e. for how many months you want to avail the loan. For e.g. 36 months.

The moment you click the ‘calculate’ button you will get all the details at one place. You will come to know your monthly EMI, total amount with interest, flat interest rate per annum, flat interest rate per month, total interest amount and Yearly interest amount. This will help you to take the right decision at right point of time to avail a perfect and comfortable personal.

What is Personal Loan EMI?

EMI is the short form of ‘Equated Monthly Installment’. EMI is the total amount which is payable per month at the bank on the loan amount availed by you. EMI is payable every month until unless you fully repay your loan amount. EMI is consists of a portion of the principal loan amount and the interest due on the loan. EMI depends on the principal loan amount, personal loan interest rate and tenure of personal loan.

State Bank Of Mysore Personal Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Personal loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

SBM Personal Loan EMI Calculator- EMI Chart

State Bank Of Mysore Personal Loan at the lowest EMI of Rs. 2,475. Compare and get the preferred personal loan at your earliest.

Loan Amount(Rs) Loan Tenure(Yrs) Interest Rate(PA) Monthly EMI(Rs) Total Int.Outgo(Rs) Total Amt(Rs)

1,00,000

1 16.80% 9,911 9,332

1,09,332

1,00,000

2 16.80% 4,935 18,431

1,18,431

1,00,000

3 16.80%

3,555

27,992

1,27,992

1,00,000

4 16.80%

2,875

38,008

1,38,008

1,00,000

5 16.80%

2,475

48,471

1,48,471

SBM Personal Loan FAQs

1) Am I eligible for state bank of Mysore Personal Loan?

State Bank of Mysore offers personal loan to individuals, employees of state / central government, public sector undertakings,reputed profit making public limited companies, Multi national companies with a minimum service of two years.

2) What is the maximum loan amount i can get from SBM?

You can avail a maximum loan amount of Rs. 1.5 lakhs depending on your repayment capacity and financial records.

3) What is the processing fee of SBM personal loan?

State Bank of Mysore charges a minimum processing fee of 1% of the loan amount.

4) What are the forms of security accepted by State Bank of Mysore on availing personal loan?

Third party guarantee of equal means as well as securities such as LIC policies, National Savings Certificates, KVIP, Shares, etc. Are acceptable by the bank.

5) How many days it will take to sanction my personal loan?

The bank takes maximum 5 to 6 working days to sanction your loan.