SBI Update: SBI made personal loans cheaper, now. this much EMI will be required on a loan of Rs 5 lakh

Personal loan: A personal loan is also called an emergency loan. There is no need for much documentation to take this loan in emergency and this loan is easily available, but its interest rates are quite high compared to other loans. In such a situation, if you are planning to take a personal loan (personal loan updates) from the bank, then you can take a loan from SBI Bank because some people are being given loans at low interest rates by SBI.

At what interest rates does SBI give loans-

SBI (State Bank of India) is included in the list of the safest banks in the country. If we talk about the interest rates of this bank, then SBI offers personal loans to its customers (SBI personal loan interest rate) at an interest rate of 12.60 percent, but many people are offered loans at very low rates by SBI. Not everyone gets the benefit of these low interest rates.

Who gets the benefit of low interest rates-

The people who are given personal loans at low interest rates by SBI include the employees of the state and central government (SBI Loan for Government Employees). Employees from sectors like police, and railways are included. These people are offered personal loans by SBI at an initial interest rate of 11.60 percent (Low interest rate personal loan).

This much EMI will be made.

If you are a government employee and take a loan of Rs 5 lakh from SBI Bank (SBI Personal Loan Interest Rates), then although the personal loan for this amount is for 5 years, in such a case, the government employee will have to pay Rs 11,021 every month as EMI (sbi personal loan EMI). According to the calculation, out of which Rs 1,61,285 will have to be paid only as interest.

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