SBI Personal Loan of 4 Lakh

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A Personal Loan is among the quickest ways to manage planned or unexpected expenses without touching your savings. Many borrowers consider the SBI Personal Loan of ₹4 lakh when they need short-term funding. Borrowers can use an SBI personal loan of ₹4 lakhs for different purposes. Home renovations, medical bills, education expenses, travel, or even urgent vehicle repairs can all be covered through this loan. The EMI for a ₹4 lakh SBI personal loan depends mainly on the tenure and the SBI Personal Loan Interest Rate offered.

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4 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

₹4,00,000

Interest Payable

Total Amount Payable

Written By
Abigail Simmons
Abigail Simmons
Driven by a curiosity for how everyday decisions shape our financial journeys, Abigail turns complex money matters into clear, engaging stories. She helps readers understand financial trends, whether it’s credit, loans, or smart money habits. When she is not decoding RBI updates or tracking industry shifts, she’ll be comparing savings hacks or just taking a long walk.
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: 4 May 2026

What are the Features of a ₹4 Lakh Personal Loan from SBI?

Before applying for an SBI personal loan of ₹4 lakhs, it helps to understand the main features and terms offered by the bank.

Highlights Details
Loan Amount ₹4 Lakh
Maximum Loan Tenure Up to 6 Years (72 months)
Rate of Interest (p.a.) 11.15% – 15.30%
Overdraft Facility Available
Pre-Approved Facility Available

These features make the SBI personal loan ₹4 lakh option flexible for borrowers who prefer manageable EMIs and multiple repayment options. Your EMI depends largely on how long you take to repay the loan. A shorter tenure increases the monthly payment but reduces total interest. A longer tenure lowers the EMI but increases the overall cost of borrowing. If you want to estimate the monthly payments before applying, you can use the SBI Personal Loan EMI Calculator or any standard Personal Loan EMI Calculator.

EMI of ₹4 Lakh SBI Personal Loan for 1 Year

The table below shows the EMI for an SBI personal loan of ₹ 4 lakh at the standard interest rate of 11.15% per annum and a tenure of 1 year.

Loan Amount Loan Tenure Rate of Interest (p.a) Monthly Loan EMI Interest Payable Total Amount Payable
₹4,00,000 1 Year 11.15% ₹35,381 ₹24,572 ₹4,24,572

EMI of a ₹4 Lakh SBI Personal Loan for 2 Years

This example shows the estimated EMI if you spread repayment over two years.

Loan Amount Loan Tenure Rate of Interest (p.a) Monthly Loan EMI Interest Payable Total Amount Payable
₹4,00,000 2 Years 11.15% ₹18,671 ₹48,104 ₹4,48,104

EMI of a ₹4 Lakh SBI Personal Loan for 3 Years

Many borrowers choose this tenure because it keeps the EMI moderate while limiting total interest.

Loan Amount Loan Tenure Rate of Interest (p.a) Monthly Loan EMI Interest Payable Total Amount Payable
₹4,00,000 3 Years 11.15% ₹13,124 ₹72,464 ₹4,72,464

EMI of a ₹4 Lakh SBI Personal Loan for 4 Years

Extending the tenure further reduces the EMI but increases total interest.

Loan Amount Loan Tenure Rate of Interest (p.a) Monthly Loan EMI Interest Payable Total Amount Payable
₹4,00,000 4 Years 11.15% ₹10,367 ₹97,616 ₹4,97,616

EMI of a ₹4 Lakh SBI Personal Loan for 5 Years

Borrowers who prefer smaller monthly payments often choose a five-year repayment period.

Loan Amount Loan Tenure Rate of Interest (p.a) Monthly Loan EMI Interest Payable Total Amount Payable
₹4,00,000 5 Years 11.15% ₹8,726 ₹1,23,560 ₹5,23,560

Comparison of SBI’s ₹4 Lakh Personal Loan With Other Lenders

Looking at other lenders gives a clearer picture of how SBI’s loan terms compare with similar offers in the market.

Bank Name Max Tenure Interest Rate (p.a.)
State Bank of India 6 Years 11.15% onwards
Axis Bank 6 Years 10.49% onwards
HDFC Bank 5 Years 10.50% onwards
Kotak Mahindra Bank 6 Years 10.99% onwards
L&T Finance 4 Years 11.00% onwards

While some banks advertise slightly lower starting rates, the actual rate depends on the borrower’s credit profile.

What are the Fees & Charges of a ₹4 Lakh SBI Personal Loan?

Apart from interest, borrowers should also understand the additional charges associated with an SBI personal loan for ₹4 lakhs.

Charges Details
Processing Fee 1.50% of the loan amount + GST (Minimum ₹1,000 and Maximum ₹15,000)
Prepayment Charges Nil for most salaried borrowers if the loan is closed after 6 months; otherwise, up to 3% may apply
Penal Interest 2.40% per annum for delays up to 60 days; may increase to 5% per annum if the delay continues
Other Charges Stamp duty as per state regulations and ₹250 for EMI bounce (cheque/NACH failure)

Borrowers planning an early closure can estimate savings using a personal loan prepayment calculator.

What are the Eligibility Criteria for an SBI’s ₹4 Lakh Personal Loan?

SBI generally prefers applicants with stable employment and a steady income. If your credit profile is clean and your repayment capacity is strong, approval becomes much easier.

  • Eligible Applicants: Salaried employees working in Government departments, PSUs, or reputed private companies, as well as pensioners.
  • Age Limit: 21 to 60 years for salaried individuals. Pensioners may apply up to the age of 76.
  • Minimum Monthly Income: ₹25,000 for most corporate employees. Government and defence employees may qualify with a minimum income of ₹20,000.
  • Credit Score: A CIBIL score of at least 670 for corporate employees and around 650 for government or defence applicants.

Before applying, you can check your eligibility using a Personal Loan Eligibility Calculator.

What are the Documents Required for an SBI’s ₹4 Lakh Personal Loan?

Submitting the correct documents helps ensure your loan application is processed quickly.

  • Identity and Address Proof: PAN Card (mandatory), Aadhaar Card, or Passport.
  • Income Proof: Last six months’ bank statements and recent salary slips.
  • Tax Documents: Latest Form 16 or Income Tax Return (ITR).
  • Employment Proof: Official employee ID issued by your employer.

How to Apply for an SBI’s ₹4 Lakh Personal Loan?

Borrowers can apply for an SBI ₹4 lakh personal loan through the Urban Money website:

  • Visit the official Urban Money website
  • Select “Personal Loan” under the loan category
  • Browse SBI’s ₹4 lakh personal loan options
  • Click “Enquire Now” for the preferred option
  • Enter basic details such as name, city, and mobile number
  • Verify identity using the OTP sent to the registered number
  • An Urban Money loan specialist will shortly contact you to guide the process until disbursal

Once approved, the loan amount is credited directly to your bank account.

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Frequently Asked Questions (FAQs)

How can I get a ₹4 lakh personal loan from SBI?

To get an SBI ₹4 lakh personal loan, borrowers can apply online through the Urban Money website.

What is the EMI for a ₹4 lakh SBI personal loan?

For a 5-year tenure at 11.15%, the EMI on an SBI personal loan of ₹4 lakhs will be about ₹8,726 per month. If you choose a shorter tenure, the EMI will increase to around ₹13,124.

What interest rate does SBI charge for a ₹4 lakh personal loan?

The SBI Personal Loan Interest Rate starts from around 11.15% per annum. The final rate depends on your employer category, income, and credit score.

Who can apply for a ₹4 lakh SBI personal loan?

Any Indian citizen with a stable job and regular income can apply for an SBI personal loan of ₹4 lakhs, provided they meet the bank’s age, income, and credit score requirements.

Can I repay the loan early?

Yes, SBI allows prepayment for most personal loans. Many salary account holders can close the loan without additional charges if they repay it within 6 months of disbursement.

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