SBI Personal Loan EMI Calculator

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SBI Personal Loan EMI Calculator
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The State bank of India has been ruling the
Indian banking sector for ages. It is a
government-owned bank and is also the 45th
largest public sector bank in the world. It is
easily the largest in India with an approximate
asset size of Rs. 40 lakh crores, and a vast
customer base of around 500 million. SBI personal
loans are one of the most highly recognized ones
with attractive and diverse personal loan
products to meet the distinct requirements of
salaried self-employed individuals and working
professionals as well as pensioners. Some of the
most talked about personal loan products of SBI
are - SBI Xpress credit personal loan, SBI Saral
personal loan, and SBI pension loan.
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What is an SBI personal loan EMI?
An EMI (Equated monthly Installment) is the
monthly amount that needs to be paid by a
borrower to the State Bank of India against the
personal loan availed, on a fixed date every
month, over the scheduled loan tenure. The amount
is fixed by considering both the principal amount
and the interest calculated on it. Even if the
EMI amount mostly remains constant, the
proportion of the principal and the interest
component fluctuates every month. With every EMI
repayment done, the principal component of the
SBI personal loan keeps on increasing, and
the personal loan interest component keeps on
reducing.
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What is an SBI personal loan EMI calculator?
An SBI personal loan EMI calculator is a tool
that helps you with detailed calculations about
your possible monthly installments if you want to
avail an SBI personal loan. If you are confused
about how the State Bank calculates your EMI, you
should use the SBI personal loan EMI calculator.
Features of the SBI personal loan

• Attractive rate of interest
• The SBI personal loan interest rate  is charged
  on a reducing balance
• Fully transparent loan disbursal procedure
• Special loan offers for women employees
• Highly transparent loan disbursal procedure
• Zero hidden cost and administrative charges
• Zero foreclosure charges

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