SBI Loan Calculator

Calculate EMIs for home loans, personal loans and car loans instantly

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Frequently Asked Questions

What is EMI?

EMI (Equated Monthly Installment) is the fixed amount you pay monthly to repay your loan. It includes both principal and interest components.

How is EMI calculated?

EMI is calculated using the formula: EMI = P × r × (1 + r)^n / [(1 + r)^n - 1], where P is principal, r is monthly interest rate, and n is total number of months.

Understanding SBI Loan EMI Calculation

The State Bank of India (SBI) offers various types of loans including home loans, personal loans, and car loans. Our EMI calculator helps you determine your monthly payments using the standard EMI formula:

EMI =

P × r × (1 + r)n

(1 + r)n - 1

Where:

  • P = Principal loan amount
  • r = Monthly interest rate
  • n = Total number of months