EMI: ₹6,562/month at 11.15%. Min income: ₹13,962/month.
A ₹2 Lakh personal loan from SBI at 11.15% interest for 3 years will cost you ₹6,562 per month as EMI. You will pay a total interest of ₹36,232 over the loan tenure. The minimum monthly income needed is ₹13,962 (assuming no existing EMIs).
SBI Personal Loan EMI for ₹2 Lakh at 11.15% for 3 years is ₹6,562 per month.
You need a minimum monthly income of ₹13,962 for a ₹2 Lakh personal loan from SBI (at 11.15% rate, assuming no existing EMIs).
The total interest payable on ₹2 Lakh personal loan from SBI at 11.15% for 3 years is ₹36,232.
SBI charges a processing fee of 1.50% of loan amount + GST for Personal Loan.
SBI Personal Loan prepayment policy: 3% of outstanding.