SBI Personal Loan of 2 Lakh

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An SBI personal loan of 2 lakh is an unsecured loan offered to eligible salaried and other qualifying applicants. The SBI personal loan interest rate for a 2 lakh loan starts at 10.55% p.a., with EMIs varying based on tenure and credit profile. Loan approval, EMI amount, and charges depend on SBI’s eligibility norms and repayment period.

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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

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Rishabh Baisoy
Rishabh Baisoy
With a background in journalism and mass communications, Rishabh might be clueless about his plans for the evening, but he clearly knows what to write. A proud cinephile, Rishabh makes the perfect choice to discuss any movie with. Poetry holds a special place in his heart, which mingles well with his wanderlust personality. While he physically exists in India, his heart beats for the red part of Merseyside. Rishabh educates and empowers readers towards financial success at Urban Money.
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: 7 February 2026

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What Is an SBI Personal Loan of ₹2 Lakh?

An SBI personal loan of ₹2 lakh is a fixed-tenure, unsecured loan that does not require any collateral. The loan amount is repaid through monthly EMIs over a maximum of 6 years. Approval is based on income, credit score, existing liabilities, and repayment capacity. The final interest rate and EMI are decided after SBI reviews the applicant’s profile.

SBI Personal Loan of 2 Lakh: Key Highlights

Here are the key highlights of an SBI personal loan of ₹2 Lakh:

Particulars Details
Loan Amount ₹2,00,000
Interest Rate Starting from 10.55% p.a.
Loan Tenure Up to 6 years
Loan Type Unsecured personal loan
Repayment Mode Monthly EMIs

What Is the Monthly EMI for an SBI ₹2 Lakh Personal Loan?

The EMI on an SBI personal loan of 2 lakh depends on the repayment tenure and the approved interest rate. At an interest rate of 10.55% p.a., the estimated EMIs are as follows:

Loan Tenure Approx. EMI
1 year ₹17,634
2 years ₹9,280
3 years ₹6,505
4 years ₹5,126
5 years ₹4,304
6 years ₹3,761

Useful Tip: Use SBI personal loan EMI calculator to calculate and get an estimate of the monthly instalment amount.

What Fees and Charges Apply to an SBI ₹2 Lakh Personal Loan?

Borrowers may need to pay the following charges on an SBI personal loan of ₹2 lakh, apart from the applicable interest rate:

  • Processing fee: Up to 1.50% of the loan amount plus applicable GST.
  • Prepayment charges: As per SBI’s prevailing loan terms.
  • Late payment charges: Applicable if EMIs are delayed.
  • Other charges: Documentation or stamp duty charges may apply, depending on the loan agreement.

What Documents Are Required for an SBI ₹2 Lakh Personal Loan?

Applicants are usually asked to submit the following documents while applying for an SBI personal loan of ₹2 lakh:

  • Loan application form with recent photographs
  • Identity proof: Aadhaar card, PAN card, voter ID, or driving licence
  • Address proof: Aadhaar card, passport, or utility bills
  • Income proof: Recent salary slips or bank statements showing salary credit
  • Employment proof: Employer ID card or appointment letter, if required

How Does SBI ₹2 Lakh Personal Loan Compare With Other Lenders?

Here’s a brief comparison of the SBI personal loan of ₹2 lakh with similar offerings from other major banks and NBFCs. The focus is on interest rates and maximum tenure, as these directly affect EMI.

Lender Interest Rate (p.a.) Maximum Tenure
State Bank of India From 10.05% Up to 6 years
Axis Bank From 9.5% Up to 7 years
HDFC Bank From 10.9% Up to 6 years
ICICI Bank From 10.45% Up to 6 years
Bajaj Finserv From 10% Up to 8 years
Tata Capital From 10.99% Up to 6 years

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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 10.05% 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 1.50% of the loan amount, plus applicable GST.

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.

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