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State Bank of India ₹10 lakh Personal Loan EMI for 2 Years
At the advertised starting rate of 10%, the EMI is about ₹46,145 a month, with total interest of about ₹1,07,478.
Source: State Bank of India official page, checked 2 November 2026.
These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.
Prepayment options (optional): pay extra to finish sooner
EMI at higher rates
| Rate | EMI | Total interest | Total payment |
|---|---|---|---|
| 10% (starting) | ₹46,145 | ₹1,07,478 | ₹11,07,478 |
| 10.5% | ₹46,376 | ₹1,13,025 | ₹11,13,025 |
| 11% | ₹46,608 | ₹1,18,588 | ₹11,18,588 |
| 11.5% | ₹46,840 | ₹1,24,168 | ₹11,24,168 |
| 12% | ₹47,073 | ₹1,29,763 | ₹11,29,763 |
Year-by-year repayment schedule at 10%
How much of each year's payments goes to principal and to interest, and what you still owe at the end of the year. Use the calculator above for a month-by-month view and prepayment options.
| Year | Principal | Interest | Paid | Balance left |
|---|---|---|---|---|
| Year 1 | ₹4,75,124 | ₹78,615 | ₹5,53,739 | ₹5,24,876 |
| Year 2 | ₹5,24,876 | ₹28,863 | ₹5,53,739 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh State Bank of India personal loan for 2 years?
At State Bank of India's starting rate of 10% the EMI is about ₹46,145 a month. If your offered rate is 11% it would be about ₹46,608.
How much total interest will I pay?
At 10% the total interest over 2 years is about ₹1,07,478, so you repay about ₹11,07,478 in all.