SBI (State Bank of India) provides an online personal loan eligibility calculator on their website that can help you determine whether you are eligible for a personal loan from SBI and the maximum loan amount you can receive based on your income and other factors.
Here’s how to use SBI’s personal loan eligibility calculator:
- Visit SBI’s personal loan eligibility calculator on their website.
- Enter your monthly income, existing EMI (if any), and the loan tenure you prefer.
- Enter the interest rate or leave it as the default value provided by SBI.
- The calculator will then display the maximum loan amount you are eligible for, based on the information you provided.
It’s important to note that the results of the calculator are only indicative and may not reflect the actual loan amount you may be approved for. Additionally, the final loan amount and other terms and conditions may be subject to the bank’s approval process and may vary based on several factors, including your credit score, repayment capacity, and other eligibility criteria.