SBI Personal Loan: There are moments in life when you suddenly need a large sum of money maybe for your child’s wedding, higher education, a medical emergency or even to settle existing debts. In such situations a personal loan becomes a strong support. And when it comes from State Bank of India (SBI), the trust doubles, because SBI is not just a bank it’s a backbone for millions of Indian families. In 2025, SBI is offering personal loans of up to ₹20 lakh, that too at competitive interest rates. Let’s understand how much EMI you’ll need to pay and what the process looks like.
Interest Rate and Loan Tenure in SBI
Currently, SBI offers personal loans at interest rates starting from around 11% per annum, depending on your salary, CIBIL score, and repayment capacity. The tenure can go up to 6 years (72 months), giving you flexibility to choose a repayment plan that suits your pocket.
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₹20 Lakh Loan EMI – Full Calculation
Let’s take an example of a ₹20 lakh personal loan for 6 years at an average 11% interest rate.
| Loan Amount | Tenure | Interest Rate | EMI (Per Month) | Total Interest | Total Payment |
| ₹20,00,000 | 6 Years (72 months) | 11% | ₹38,662 | ₹7,83,664 | ₹27,83,664 |
So, if you take ₹20 lakh from SBI, your monthly EMI will be about ₹38,662. By the end of 6 years, you’ll repay nearly ₹27.83 lakh, which includes ₹7.83 lakh as interest.
A Real-Life Example
Consider Ravi, a 32-year-old software engineer. He needed ₹15 lakh for his sister’s wedding. He applied for an SBI personal loan, and because his salary was stable and his CIBIL score was above 750, his loan got approved within days. His EMI came to around ₹29,000 per month, which he managed comfortably. The quick approval and flexible tenure gave his family relief during an important time.
On the other hand, his friend Amit applied with a lower CIBIL score of 650. He too got the loan, but at a slightly higher interest rate, which increased his EMI. This shows how maintaining a good CIBIL score can save you money in the long run.
Why Choose SBI Personal Loan?
SBI is India’s largest bank, and its personal loan comes with reliability, simple documentation, and fast processing. Plus, being a government-backed bank, people feel safer borrowing here compared to private lenders.
Conclusion
If you’re planning to take a personal loan in 2025, SBI gives you up to ₹20 lakh at attractive interest rates, with flexible repayment options. For a ₹20 lakh loan at 11% for 6 years, your EMI will be around ₹38,662, making it a practical option for those who need funds urgently but want manageable repayments.
Disclaimer
This article is only for educational and general knowledge purposes. Actual loan amount, EMI, interest rate, and eligibility depend on SBI’s policies and your personal financial profile. Please check the official SBI website or visit your nearest branch before applying.
