Monthly EMI: ₹3,281 at 11.15% for 3 years. Total interest: ₹18,116.
| Year | Principal | Interest | Balance |
|---|
With a ₹1 Lakh personal loan from SBI at 11.15% for 3 years, you will pay a monthly EMI of ₹3,281. The total amount payable is ₹1,18,116, of which ₹18,116 is interest.
At 11.15% interest rate for 3 years, the EMI for ₹1 Lakh Personal Loan from SBI is ₹3,281 per month. Total interest payable: ₹18,116.
SBI offers Personal Loan at 11.15 - 14.30% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹1 Lakh at 11.15% for 3 years, you would pay approximately ₹18,116 as total interest, making the total repayment ₹1,18,116.
SBI's prepayment policy for Personal Loan: 3% of outstanding. Making prepayments can significantly reduce your total interest outgo.
SBI offers competitive rates starting from 11.15 - 14.30% with tenure up to 6 years. Compare with other banks on this page to find the best option for your ₹1 Lakh personal loan.