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State Bank of India ₹2 lakh Personal Loan EMI for 2 Years
At the advertised starting rate of 10%, the EMI is about ₹9,229 a month, with total interest of about ₹21,496.
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) | ₹9,229 | ₹21,496 | ₹2,21,496 |
| 10.5% | ₹9,275 | ₹22,605 | ₹2,22,605 |
| 11% | ₹9,322 | ₹23,718 | ₹2,23,718 |
| 11.5% | ₹9,368 | ₹24,834 | ₹2,24,834 |
| 12% | ₹9,415 | ₹25,953 | ₹2,25,953 |
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 | ₹95,025 | ₹15,723 | ₹1,10,748 | ₹1,04,975 |
| Year 2 | ₹1,04,975 | ₹5,773 | ₹1,10,748 | ₹0 |
Frequently asked questions
What is the EMI for a ₹2 lakh State Bank of India personal loan for 2 years?
At State Bank of India's starting rate of 10% the EMI is about ₹9,229 a month. If your offered rate is 11% it would be about ₹9,322.
How much total interest will I pay?
At 10% the total interest over 2 years is about ₹21,496, so you repay about ₹2,21,496 in all.