Planning to take an SBI personal loan for 5 years? If you are comparing a ₹5 lakh, ₹10 lakh or ₹15 lakh SBI personal loan, one of the most important factors is the monthly EMI and the total interest payable over the full repayment period.
In this article20 sections
- SBI Personal Loan Interest Rate in 2026
- SBI ₹5 Lakh Personal Loan for 5 Years
- SBI ₹10 Lakh Personal Loan for 5 Years
- SBI ₹15 Lakh Personal Loan for 5 Years
- SBI ₹5 Lakh vs ₹10 Lakh vs ₹15 Lakh Personal Loan
- SBI Personal Loan EMI Formula
- SBI ₹10 Lakh Personal Loan: 5-Year EMI
- SBI ₹5 Lakh Personal Loan: 5-Year EMI
- SBI ₹15 Lakh Personal Loan: 5-Year EMI
- SBI Personal Loan Processing Fee
- SBI Personal Loan Eligibility
- Is ₹15 Lakh Personal Loan Better Than ₹10 Lakh?
- How to Apply for an SBI Personal Loan Online
- SBI Personal Loan: What Affects Your Interest Rate?
- SBI Personal Loan: 5-Year Tenure Pros and Cons
- Should You Choose 5 Years for an SBI Personal Loan?
- SBI Personal Loan Safety Checklist
- Frequently Asked Questions
- SBI ₹5 Lakh, ₹10 Lakh & ₹15 Lakh Loan: Quick Summary
- Conclusion
As of 2026, SBI’s official personal-loan interest-rate page lists an effective interest-rate range of 10.00% to 15.00% per annum, with the applicable rate depending on the borrower’s profile and the relevant SBI scheme. SBI’s page states that the rate information is effective from 30 June 2026. SBI Bank
This article compares the estimated 5-year EMI, total repayment and total interest for ₹5 lakh, ₹10 lakh and ₹15 lakh loans at the lower and upper ends of SBI’s currently published rate range.
Disclaimer: This article is for general educational and informational purposes only and does not constitute financial, investment, legal or credit advice. SBI’s interest rates, eligibility criteria, fees, loan schemes and terms can change. The actual rate and loan amount offered to an applicant depend on SBI’s prevailing policies and individual eligibility. EMI figures below are illustrative calculations and may differ from the amount shown in SBI’s official system. Always verify the latest rate, charges, Key Fact Statement/sanction terms and loan agreement directly with SBI before borrowing.
SBI Personal Loan Interest Rate in 2026
SBI’s official personal-loan interest-rate page currently shows:
Personal Loan Interest Rate: 10.00%–15.00% p.a.
The page identifies the 2-year MCLR as 8.75% and shows a spread of 1.25%–6.25%, resulting in the effective interest-rate range of 10.00%–15.00%. SBI Bank
The exact rate applicable to you can depend on the relevant SBI personal-loan scheme and your eligibility.
SBI also states in its personal-loan FAQ that its personal loan is offered at a fixed rate of interest linked to the bank’s 2-year MCLR. SBI Bank
SBI Personal Loan Rate at a Glance
| Particular | SBI Personal Loan |
|---|---|
| Published interest-rate range | 10.00%–15.00% p.a. |
| Example tenure | 5 years |
| Loan examples | ₹5 lakh, ₹10 lakh, ₹15 lakh |
| Rate type stated by SBI FAQ | Fixed |
| 2-year MCLR referenced by SBI | 8.75% |
| Processing fee | Up to 1.50% of loan amount, subject to minimum ₹1,000 and maximum ₹15,000 + GST |
| Actual rate | Depends on applicable SBI scheme/profile |
SBI’s FAQ currently states a processing fee of up to 1.50% of the loan amount, subject to a minimum of ₹1,000 and maximum of ₹15,000, plus GST, along with applicable stamp-duty expenses. SBI Bank
SBI ₹5 Lakh Personal Loan for 5 Years
Suppose you borrow ₹5,00,000 for 60 months.
At 10% Interest Rate
Approximate EMI:
₹10,624 per month
Approximate total repayment:
₹6,37,448
Approximate total interest:
₹1,37,448
At 15% Interest Rate
Approximate EMI:
₹11,895 per month
Approximate total repayment:
₹7,13,692
Approximate total interest:
₹2,13,692
₹5 Lakh SBI Loan EMI Comparison
| Loan Amount | Tenure | Interest Rate | Approx. EMI | Approx. Total Interest |
|---|---|---|---|---|
| ₹5 lakh | 5 years | 10% | ₹10,624 | ₹1.37 lakh |
| ₹5 lakh | 5 years | 15% | ₹11,895 | ₹2.14 lakh |
The difference between the two illustrative rates is approximately ₹1,271 per month in EMI.
SBI ₹10 Lakh Personal Loan for 5 Years
Now consider a ₹10,00,000 SBI personal loan for 60 months.
At 10% Interest Rate
Approximate EMI:
₹21,247 per month
Approximate total repayment:
₹12,74,831
Approximate total interest:
₹2,74,831
At 15% Interest Rate
Approximate EMI:
₹23,790 per month
Approximate total repayment:
₹14,27,384
Approximate total interest:
₹4,27,384
₹10 Lakh SBI Loan EMI Comparison
| Loan Amount | Tenure | Interest Rate | Approx. EMI | Approx. Total Interest |
|---|---|---|---|---|
| ₹10 lakh | 5 years | 10% | ₹21,247 | ₹2.75 lakh |
| ₹10 lakh | 5 years | 15% | ₹23,790 | ₹4.27 lakh |
At the two illustrative rates, the EMI difference is approximately ₹2,543 per month.
The total interest difference over five years is approximately ₹1.53 lakh.
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SBI ₹15 Lakh Personal Loan for 5 Years
For a ₹15,00,000 SBI personal loan over 60 months:
At 10% Interest Rate
Approximate EMI:
₹31,871 per month
Approximate total repayment:
₹19,12,246
Approximate total interest:
₹4,12,246
At 15% Interest Rate
Approximate EMI:
₹35,685 per month
Approximate total repayment:
₹21,41,076
Approximate total interest:
₹6,41,076
₹15 Lakh SBI Loan EMI Comparison
| Loan Amount | Tenure | Interest Rate | Approx. EMI | Approx. Total Interest |
|---|---|---|---|---|
| ₹15 lakh | 5 years | 10% | ₹31,871 | ₹4.12 lakh |
| ₹15 lakh | 5 years | 15% | ₹35,685 | ₹6.41 lakh |
The EMI difference between the two illustrative rates is approximately ₹3,814 per month.
SBI ₹5 Lakh vs ₹10 Lakh vs ₹15 Lakh Personal Loan
For a straightforward comparison, assuming a 5-year tenure:
| Loan Amount | EMI @ 10% | EMI @ 15% | Interest @ 10% | Interest @ 15% |
|---|---|---|---|---|
| ₹5 lakh | ₹10,624 | ₹11,895 | ₹1.37 lakh | ₹2.14 lakh |
| ₹10 lakh | ₹21,247 | ₹23,790 | ₹2.75 lakh | ₹4.27 lakh |
| ₹15 lakh | ₹31,871 | ₹35,685 | ₹4.12 lakh | ₹6.41 lakh |
Note: These are mathematical EMI illustrations using the standard reducing-balance EMI formula. They exclude processing fees, GST, stamp duty and other applicable charges.
SBI Personal Loan EMI Formula
The standard EMI formula is:
EMI = P × R × (1 + R)ⁿ / [(1 + R)ⁿ − 1]
Where:
- P = Principal loan amount
- R = Monthly interest rate
- N = Number of monthly instalments
For a five-year loan:
N = 60 months
For example, at a 10% annual rate:
Monthly rate = 10% ÷ 12
The resulting EMI is then calculated using the formula above.
SBI also provides an official online EMI Calculator as part of its calculator tools. SBI notes that its calculator is a general planning tool and that calculated EMI results are indicative. SBI Bank+1
SBI ₹10 Lakh Personal Loan: 5-Year EMI
One of the most searched combinations is:
SBI ₹10 lakh personal loan for 5 years
Using SBI’s currently published 10%–15% rate range:
- At 10%: approximately ₹21,247/month
- At 15%: approximately ₹23,790/month
Therefore, depending on the applicable rate, a ₹10 lakh loan for five years could have an EMI within or around this illustrative range.
The actual SBI offer should always be checked before accepting the loan.
SBI ₹5 Lakh Personal Loan: 5-Year EMI
For a ₹5 lakh loan over five years:
- At 10%: approximately ₹10,624/month
- At 15%: approximately ₹11,895/month
The actual EMI depends on the interest rate offered to you.
SBI ₹15 Lakh Personal Loan: 5-Year EMI
For a ₹15 lakh loan over five years:
- At 10%: approximately ₹31,871/month
- At 15%: approximately ₹35,685/month
A larger loan means a larger monthly repayment obligation, so borrowers should consider their existing EMIs and regular expenses before applying.
SBI Personal Loan Processing Fee
SBI’s personal-loan FAQ currently states that the processing fee can be up to 1.50% of the loan amount, subject to a minimum of ₹1,000 and maximum of ₹15,000, plus GST. The borrower may also have to bear applicable stamp-duty expenses. SBI Bank
For a ₹5 lakh, ₹10 lakh or ₹15 lakh loan, the maximum processing fee under the cited SBI FAQ would therefore be subject to the stated ₹15,000 cap, plus GST, rather than simply increasing indefinitely with the loan amount.
Always check the current applicable fee when applying.
SBI Personal Loan Eligibility
SBI’s eligibility requirements can vary according to the specific personal-loan scheme.
SBI’s FAQ currently states different minimum CIBIL-score requirements for certain customer categories:
- 650 for Defence and Government salary-package account holders
- 670 for corporate salary-package account holders
- New-to-credit customers can also be eligible under the product. SBI Bank
These figures should not be interpreted as a universal guarantee of approval.
SBI can also consider other factors, such as income, employment, repayment capacity and existing financial obligations.
Is ₹15 Lakh Personal Loan Better Than ₹10 Lakh?
The answer depends on how much you actually need and can comfortably repay.
A ₹15 lakh loan provides ₹5 lakh more capital than a ₹10 lakh loan, but it also creates a substantially larger monthly repayment.
At the illustrative 10% rate over five years:
- ₹10 lakh EMI ≈ ₹21,247
- ₹15 lakh EMI ≈ ₹31,871
That is approximately ₹10,624 more every month.
At 15%:
- ₹10 lakh EMI ≈ ₹23,790
- ₹15 lakh EMI ≈ ₹35,685
That is approximately ₹11,895 more every month.
The appropriate borrowing amount should therefore be based on your actual financial requirement and repayment capacity rather than simply the maximum amount you may qualify for.
How to Apply for an SBI Personal Loan Online
A typical application process can involve:
- Visit SBI’s official website or use its official digital banking channel.
- Select the applicable personal-loan product.
- Review eligibility requirements.
- Enter the requested personal and income information.
- Submit the required KYC and financial documents.
- Allow SBI to conduct its credit and eligibility assessment.
- Review the applicable interest rate, EMI and fees.
- Read the sanction terms and loan agreement.
- Accept the loan only after understanding the repayment obligation.
- Complete the required documentation and receive disbursal if approved.
Use SBI’s official channels rather than third-party websites claiming to guarantee SBI loan approval.
SBI Personal Loan: What Affects Your Interest Rate?
The rate applicable to an individual borrower can depend on the relevant SBI product and customer profile.
Factors that can influence credit pricing and eligibility may include:
- Credit history
- CIBIL score
- Monthly income
- Employer profile
- Existing loans
- Repayment history
- Salary-account relationship
- Loan amount
- Applicable SBI scheme
SBI’s FAQ notes that maintaining credit discipline and timely repayments can help build a strong credit score and may improve the interest-rate offers available on future loans. SBI Bank
SBI Personal Loan: 5-Year Tenure Pros and Cons
Potential benefits
- Lower EMI than a shorter repayment period
- Predictable monthly repayment for a fixed-rate loan
- Five years provides more time to repay the principal
Things to consider
- Longer repayment means interest can accumulate for a longer period.
- The total interest can be considerably higher than with a shorter tenure.
- A large EMI can still put pressure on monthly cash flow.
- Processing fees and applicable taxes increase the overall borrowing cost.
Should You Choose 5 Years for an SBI Personal Loan?
A five-year tenure may make the monthly payment more manageable than a three-year tenure, but the total interest cost can be higher.
For example, if the loan rate is 10%, a ₹10 lakh loan for five years has an illustrative EMI of approximately ₹21,247.
Before selecting the tenure, compare:
Monthly EMI + total interest + fees + your monthly cash flow
rather than choosing a tenure based solely on the EMI.
SBI Personal Loan Safety Checklist
Before taking a personal loan:
- Verify the lender and loan product through SBI’s official channels.
- Check the current interest rate.
- Calculate your EMI.
- Check the processing fee.
- Review applicable taxes and stamp duty.
- Read the sanction letter.
- Review the Key Fact Statement where applicable.
- Read the loan agreement.
- Understand prepayment/foreclosure terms.
- Never share your OTP, PIN or banking password with unknown individuals.
- Avoid agents promising guaranteed SBI loan approval.
- Keep copies of all loan documents.
Frequently Asked Questions
What is the EMI for an SBI ₹5 lakh personal loan for 5 years?
At an illustrative 10% interest rate, the EMI is approximately ₹10,624 per month. At 15%, it is approximately ₹11,895 per month.
What is the EMI for an SBI ₹10 lakh personal loan for 5 years?
At 10%, the approximate EMI is ₹21,247 per month. At 15%, it is approximately ₹23,790 per month.
What is the EMI for an SBI ₹15 lakh personal loan for 5 years?
At 10%, the approximate EMI is ₹31,871 per month. At 15%, it is approximately ₹35,685 per month.
What is SBI’s personal loan interest rate in 2026?
SBI’s official personal-loan interest-rate page currently shows an effective range of 10.00% to 15.00% p.a., with the page stating that this rate is effective from 30 June 2026. SBI Bank
Is SBI personal loan interest fixed or floating?
SBI’s personal-loan FAQ states that the loan is provided at a fixed rate of interest linked to the bank’s 2-year MCLR. SBI Bank
What is the SBI personal loan processing fee?
SBI’s FAQ states that the processing fee is up to 1.50% of the loan amount, subject to a minimum of ₹1,000 and maximum of ₹15,000, plus GST. Applicable stamp-duty expenses may also be payable. SBI Bank
What CIBIL score is required for an SBI personal loan?
SBI’s current FAQ cites 650 for Defence and Government salary-package account holders and 670 for corporate salary-package account holders. It also says new-to-credit customers can be eligible under the product. SBI Bank
Does SBI provide an EMI calculator?
Yes. SBI provides an online EMI calculator among its official loan-calculator tools. SBI describes its calculator results as indicative planning figures. SBI Bank+1
Can I get an SBI personal loan for 5 years?
The available tenure depends on the applicable SBI personal-loan scheme and eligibility. Check the current product terms when applying.
SBI ₹5 Lakh, ₹10 Lakh & ₹15 Lakh Loan: Quick Summary
| Loan | 5-Year EMI @ 10% | 5-Year EMI @ 15% | Approx. Interest @ 10% | Approx. Interest @ 15% |
|---|---|---|---|---|
| ₹5 lakh | ₹10,624 | ₹11,895 | ₹1.37 lakh | ₹2.14 lakh |
| ₹10 lakh | ₹21,247 | ₹23,790 | ₹2.75 lakh | ₹4.27 lakh |
| ₹15 lakh | ₹31,871 | ₹35,685 | ₹4.12 lakh | ₹6.41 lakh |
These are illustrative calculations, not guaranteed SBI offers.
Conclusion
For borrowers comparing an SBI ₹5 lakh, ₹10 lakh or ₹15 lakh personal loan for five years, the key difference is the monthly repayment and total interest.
Using SBI’s currently published 10%–15% p.a. personal-loan rate range, the illustrative five-year EMIs are approximately:
- ₹5 lakh: ₹10,624–₹11,895 per month
- ₹10 lakh: ₹21,247–₹23,790 per month
- ₹15 lakh: ₹31,871–₹35,685 per month
The actual SBI interest rate and loan terms depend on the applicable product and your eligibility. SBI’s official rate page should be checked for the latest figures before publishing or applying. SBI Bank
A five-year loan can make monthly repayments more manageable, but borrowers should also calculate the total interest and fees over the complete tenure. The right loan amount is not necessarily the largest amount available; it is the amount that fits your genuine requirement and repayment capacity.
Financial Disclaimer: Loan products involve financial obligations. This article does not guarantee SBI loan approval, interest rate, eligibility or disbursal. Interest rates, fees, eligibility criteria and other terms may change without notice. EMI calculations are estimates for illustration and exclude applicable fees, GST, stamp duty and other charges. Verify all current information directly with SBI before making a borrowing decision.