State Bank of India is India's largest lender by loan book - and its rate is often the benchmark others quote against. This calculator preloads SBI's current 2026 starting rates for home loan (8.5% p.a.), car loan (8.7%), personal loan (11%), and education loan (8.65% for Indian institutions). Adjust the rate slider if you've negotiated a better deal.
When to use this
Use before applying at SBI to: estimate your EMI, see the impact of choosing a longer vs shorter tenure, plan prepayments to cut total interest, and verify the affordability metric (income vs EMI ratio). Numbers update live as you change inputs - no submit button.
Frequently Asked Questions
Are these the actual SBI rates?
These are starting rates as of early 2026 for borrowers with strong credit scores (750+). SBI quotes a range based on your credit profile - typically +0.25 to +1.5 percentage points above starting. Use the slider to model your actual quoted rate.
Does SBI charge prepayment penalties?
Floating-rate SBI loans don't charge prepayment fees (RBI rule for individuals). Fixed-rate SBI loans may - typically 2-3% of the prepaid amount. The 'Prepayment Savings' panel lets you toggle this in.
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