Sure, here are the steps to use the SBI personal loan EMI calculator for the year 2023:
- Go to the SBI personal loan EMI calculator webpage.
- Enter the loan amount you want to borrow in the “Loan Amount” field. For example, let’s assume you want to borrow Rs. 5,00,000.
- Next, enter the loan tenure in months or years. Let’s assume you want to repay the loan in 5 years, which is 60 months.
- Now, enter the interest rate that SBI is charging on the personal loan. Let’s assume the interest rate is 12% per annum.
- Once you have entered all the required details, click on the “Calculate” button.
- The SBI personal loan EMI calculator will then display your monthly installment amount (EMI). For example, for a Rs. 5,00,000 loan with a tenure of 60 months and an interest rate of 12% per annum, the EMI would be Rs. 11,122.
Please note that the actual EMI may vary depending on several factors such as the borrower’s credit score, income level, and the terms and conditions of the loan agreement. The SBI personal loan EMI calculator is a tool to provide an estimate of the EMI, and the actual EMI may differ slightly.
