SBI Personal Loan: Calculate Your EMI for a Rs 3 Lakh Loan

• SBI offers personal loans from Rs 25,000 to Rs 20 lakh with interest rates typically ranging from 11.15% to 14.30%, depending on credit profile.
• Eligibility for salaried individuals is 21-58 years with 1 year work experience and a minimum monthly income of Rs 15,000; for self-employed, it's up to 65 years.
• EMI calculation requires loan amount (Rs 3 lakh), interest rate (e.g., 11.5% or 13%), and tenure (e.g., 3 or 4 years), easily found using online calculators.
• A Rs 3 lakh SBI personal loan for 3 years could result in monthly EMIs between Rs 9,000 and Rs 10,200, varying by interest rate and credit score.
• Key tips include negotiating terms, understanding processing fees, and setting EMI based on income to avoid financial strain; longer tenure means lower EMI but higher total interest.