SBI Personal Loan Rate of Interest Calculator
Frequently Asked Questions
What is the current SBI Personal Loan interest rate?
The current SBI Personal Loan interest rate varies based on the loan amount and term. Use our calculator for real-time rates.
How is the interest calculated?
The interest is calculated based on the loan amount, loan term, and the current interest rate.
Is there a processing fee?
Yes, SBI charges a processing fee which varies from 0.25% to 0.50% of the loan amount.
What documents are required?
Typically, you need proof of identity, proof of address, income proof, and bank statements.
Can I prepay my loan?
Yes, you can prepay your loan without any prepayment charges.
What is the maximum loan amount?
The maximum loan amount is up to 25 lakhs.
Is there a minimum credit score required?
Yes, a minimum credit score of 750 is generally required.
How long does it take to get the loan?
The loan processing time is usually 3-5 working days.
Can I get a loan without a guarantor?
Yes, SBI offers personal loans without the need for a guarantor.
What are the repayment options?
You can repay the loan through EMI deductions from your bank account.
