Monthly EMI: ₹16,405 at 11.15% for 3 years. Total interest: ₹90,580.
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With a ₹5 Lakh personal loan from SBI at 11.15% for 3 years, you will pay a monthly EMI of ₹16,405. The total amount payable is ₹5,90,580, of which ₹90,580 is interest.
At 11.15% interest rate for 3 years, the EMI for ₹5 Lakh Personal Loan from SBI is ₹16,405 per month. Total interest payable: ₹90,580.
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 ₹5 Lakh at 11.15% for 3 years, you would pay approximately ₹90,580 as total interest, making the total repayment ₹5,90,580.
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 ₹5 Lakh personal loan.