SBI Personal Loan of 2 Lakh

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SBI’s 2 lakh personal loan falls within a range where the repayment figure often attracts more attention than the borrowing amount itself. At around 10% interest for 5 years, the monthly outgo comes to roughly Rs 4,250. SBI personal loan schemes offer repayment periods of up to 6 Years on select products, giving applicants the option to spread repayments over a longer period if required. The loan is generally available without collateral under eligible schemes, making it one of the commonly explored unsecured borrowing options offered by the bank.

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2 Lakh State Bank Of India Personal Loan EMI Calculator

₹
  • 50 K
  • 1 Cr
Years
  • 1
  • 5
%
  • 8
  • 25

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹2,00,000

Interest Payable

Total Amount Payable

Table of Content

1. What are the SBI 2 Lakh Personal Loan Key Highlights in 2026?

2. What Does the EMI Table Look Like for 2 Lakh at Different Tenures and Rates?

3. What are the Eligibility Criteria and Minimum Salary for a 2 Lakh SBI Loan?

4. What Documents are Required for a 2 Lakh SBI Loan?

5. How Can You Apply Online Through YONO, at a Branch, or on OnlineSBI?

6. What are the Processing Fee and Prepayment Charges?

7. How Can You Apply for a Personal Loan with Urban Money?

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Written By
rahul
rahul
Reviewed By
Amit Prakash Singh
Amit Prakash Singh
Co-Founder, Square Yards & Chief Business Officer, Urban Money
Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

Last Updated: 29 June 2026

What are the SBI 2 Lakh Personal Loan Key Highlights in 2026?

A rate difference of one or two percentage points can change the final repayment cost over the life of the SBI personal loan. The repayment period matters too. A shorter tenure increases the monthly installment, while a longer tenure reduces it but extends the loan term.

Particulars Details
Loan Amount ₹2 lakh
Interest Rate Starting around 10% p.a.
Maximum Tenure Up to 6 Years
Security Required Nil
Guarantor Required No
Processing Fee Up to 1.5% of the loan amount
Application Mode YONO, Online SBI, Branch
Loan Type Unsecured Personal Loan

What Does the EMI Table Look Like for ₹2 Lakh at Different Tenures and Rates?

A difference of just one or two years in tenure can change the monthly repayment quite noticeably. Use the Personal Loan EMI Calculator to test multiple combinations before committing. The examples below are indicative calculations.

Loan Amount Interest Rate Tenure Approx EMI
₹2 lakh 10% 2 years ₹9,229
₹2 lakh 10% 3 years ₹6,453
₹2 lakh 10% 5 years ₹4,250
₹2 lakh 11% 3 years ₹6,548
₹2 lakh 11% 5 years ₹4,348
₹2 lakh 12% 5 years ₹4,449

For the latest rate details, refer to the SBI personal loan interest rate page before finalising your application.

What are the Eligibility Criteria and Minimum Salary for a ₹2 Lakh SBI Loan?

The amount may be ₹2 lakh, but the bank still looks at the borrower’s ability to repay it. Income, existing EMIs, employment stability, and repayment history usually receive more attention than the loan amount itself. Minimum salary for SBI ₹2 lakh loan eligibility can range from ₹20,000 to ₹25,000. Use the Personal Loan Eligibility Calculator to estimate your borrowing capacity before applying. Typical requirements include the following:

  • Indian resident applicant
  • Salaried employee, pensioner, or eligible professional category
  • Stable employment history
  • Acceptable credit profile
  • Satisfactory repayment record

What Documents are Required for a ₹2 Lakh SBI Loan?

The paperwork is usually straightforward when income and employment records are readily available. Common documents include:

  • PAN Card
  • Aadhaar Card
  • Passport-size photographs
  • Salary slips
  • Recent bank statements
  • Employee ID or employment proof
  • Address proof

How Can You Apply Online Through YONO, at a Branch, or on OnlineSBI?

The application itself can begin from more than one place. Some customers use YONO because it is already part of their daily banking routine. Others walk into a branch to discuss documents or loan terms in person. OnlineSBI is another option available to eligible applicants.

YONO SBI

  • Log in to YONO.
  • Open the Loans section.
  • Check eligible offers.
  • Submit application details.
  • Complete verification.

OnlineSBI

  • Sign in to internet banking.
  • Navigate to loan services.
  • Select the personal loan option.
  • Fill in the required details.

SBI Branch

  • Visit the nearest branch.
  • Submit documents.
  • Complete verification.
  • Receive sanction and disbursal updates.

What are the Processing Fee and Prepayment Charges?

The borrowing cost is not limited to the interest rate alone. Charges attached to the loan should also be reviewed before signing the agreement. Compare current rates across all lenders on the personal loan interest rate page to benchmark SBI against other lenders.

Charges Details
Processing Fee Up to 1.5% of the loan amount
Minimum Fee ₹1,000
Maximum Fee ₹15,000
Prepayment Charges May apply depending on the loan scheme and closure timing

Use the Personal Loan Prepayment Calculator to estimate interest savings from making early repayments before deciding to foreclose.

How Can You Apply for a Personal Loan with Urban Money?

Loan offers often look similar at first glance. A closer look can reveal differences in repayment flexibility, charges, and eligibility conditions. Urban Money allows borrowers to view multiple lending options in one place before deciding. If switching to a lower-rate lender makes more sense, the Personal Loan Balance Transfer Calculator can help evaluate the savings.

  • Visit Urban Money.
  • Open the Personal Loan section.
  • Compare lender offers.
  • Check eligibility and estimated EMI.
  • Submit your details.
  • Complete verification and proceed with the selected lender.

Frequently Asked Questions (FAQs)

Can I get an SBI personal loan of ₹2 lakh?

Yes. State Bank of India offers personal loans of ₹2 lakh, subject to income, credit score, and repayment capacity.

What is the SBI personal loan interest rate for 2 lakh?

The interest rate starts from 10% p.a. The final rate is approved after checking credit score, income stability, and existing liabilities.

What is the EMI on an SBI personal loan of ₹2 lakh?

At an interest rate of 10.55% p.a. and a 5-year tenure, the EMI is around ₹4,304. EMI changes with tenure and approved rate.

Who is eligible for an SBI ₹2 lakh personal loan?

Salaried individuals, self-employed professionals, government employees, and pensioners who meet SBI’s age, income, and credit criteria can apply.

What documents are required for an SBI personal loan of ₹2 lakh?

Identity proof, address proof, income proof, and recent bank statements are required. SBI may request additional documents based on the employment type.

Are there any processing fees on an SBI ₹2 lakh personal loan?

Yes. SBI charges a processing fee of Up to 1.5% of the loan amount.

Can I prepay an SBI personal loan of ₹2 lakh?

Yes. Prepayment is allowed in accordance with SBI’s loan terms. Applicable charges depend on the scheme and repayment stage.

What is the EMI for a Rs 2 lakh SBI personal loan for 2 years?

A 24-month repayment period at around 10% interest brings the monthly installment to roughly Rs 9,200. The final EMI shown in the loan agreement may differ slightly if the approved rate is higher or lower than the assumed rate.

What is the minimum salary to get Rs 2 lakh from SBI?

Salary is only one part of the assessment. An applicant earning Rs 20,000-25,000 per month may fall within the range commonly seen for personal loan applications, though existing EMIs and repayment history also come into play during evaluation.

Can I get Rs 2 lakh from SBI without collateral?

Personal loan products are generally unsecured, meaning applicants are not required to pledge property, gold, or other assets against the borrowed amount. The bank relies primarily on income and credit records while reviewing the application.

How fast does SBI disburse a Rs 2 lakh personal loan?

The waiting period is not identical for every application. Customers with pre-approved offers may see a quicker turnaround, while cases involving document checks or additional verification naturally take more time.

Is a Rs 2 lakh SBI loan available for self-employed?

Availability depends on the loan product being considered. Certain SBI schemes are designed around salaried profiles, while others may review applications from business owners and self-employed professionals after examining income records and financial documents.

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