Rates are indicative and change frequently. Confirm the current rate on the official SBI website before applying.
| Tenure | Monthly EMI | Total Interest | Total Payment |
|---|---|---|---|
| 2 yr | ₹9,298 | ₹23,161 | ₹2,23,161 |
| 3 yr | ₹6,524 | ₹34,867 | ₹2,34,867 |
| 5 yr | ₹4,324 | ₹59,415 | ₹2,59,415 |
| 6 yr | ₹3,781 | ₹72,250 | ₹2,72,250 |
Shorter tenures mean a higher EMI but much lower total interest. Pick the shortest tenure your monthly budget comfortably allows.
1 Lakh · 3 Lakh · 5 Lakh · 7.5 Lakh · 10 Lakh · 15 Lakh · 20 Lakh
| Lender | Interest Rate | Processing Fee |
|---|---|---|
| ICICI Bank | 9.99% - 15.5% | 2% |
| Bajaj Finserv | 10% - 30% | 3.93% |
| Axis Bank | 10.49% - 22% | 1.5% |
| HDFC Bank | 10.5% - 21% | 1.5% |
| Kotak Mahindra Bank | 10.5% - 19% | 1.5% |
What is the EMI for a 2 Lakh SBI personal loan?
At SBI's indicative rate of 10.75% p.a. (as of 2026-08-17), the EMI for a 2 Lakh personal loan over 5 years is about ₹4,324 per month, with total interest of about ₹59,415 over the full tenure.
How much interest do I pay on a 2 Lakh SBI personal loan?
Interest depends on tenure. Over 5 years you pay about ₹59,415 in total interest. The tenure table above shows shorter and longer options - shorter tenures cost less interest but need a bigger monthly EMI.
What affects my SBI personal loan EMI?
Your CIBIL score, income profile, loan amount, tenure and the applicable SBI rate (indicatively 10.75% - 14.5% p.a. as of 2026-08-17). Confirm the final offer with the lender before applying.
EMI figures on this page are computed with the standard reducing-balance formula using SBI indicative rates as of 2026-08-17. Actual rates depend on your CIBIL score, income profile and lender policy. Verify current rates and terms with the lender before applying. This page is for information only and is not financial advice.
SBI Personal Loan Rates · Personal EMI Calculator · EMI Calculator