SBI Personal Loan of 8 Lakh

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The SBI Personal Loan of ₹8 lakh is a versatile financing option. You can ideally avail of the loan amount for any need at your discretion. The bank would be completely indifferent to your loan purpose. Moreover, as this loan falls under the collateral-free financing option, you can obtain the funds without pledging any asset as security. The bank also offers competitive interest rates, flexible repayment options, moderate eligibility criteria, and minimal documentation. Moreover, you can easily check your eligibility, upload the required documents, and submit the loan application via the Urban Money online platform. This allows you to eliminate the tedious bank visits and hassles of submitting physical documents. However, the bank ensures the eligible candidate can anticipate fund disbursement within a day or two. Continue to scroll down, and let your someday happen today.

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End-user (customer)hereby consents to Loantap financial technology being appointed as your authorized representative to receive your Credit Information from Equifax on an ongoing basis until the purpose of Credit Risk Assessment. is satisfied or the expiry of 6 months from the date the consent is collected; whichever is earlier.

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8 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

₹8,00,000

Interest Payable

Total Amount Payable

Written By
Utsah Sharma
Utsah Sharma
Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.
Reviewed By
Piyush Bothra
Piyush Bothra
Chief Financial Officer, Square Yards
Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

Last Updated: 11 March 2026

₹8 Lakh Personal Loan SBI – Highlights

The key parameters of an SBI personal loan of ₹8 lakh are as follows:

                                                                      Highlights
Interest Rates 10.55% p.a. onwards 
Processing Fees 1% of the loan amount plus GST
Loan Tenure 1 to 6 years
Eligibility Either salaried or self-employed individuals are eligible.

₹8 Lakh SBI Personal Loan EMI for 1- 5 Years

The estimated ₹8 lakh personal loan EMI with SBI for varying tenures are as follows:

What is the EMI of Rs. 8 Lakh SBI Personal Loan for 1 Year?

Loan Amount Loan Tenure Rate of Interest (p.a) Monthly Loan EMI Interest Payable Total Amount Payable
₹8,00,000 1 Year 11% ₹70,706 ₹48,464 ₹8,48,464

What is the EMI of Rs. 8 Lakh SBI Personal Loan for 2 Year?

Loan Amount Loan Tenure Rate of Interest (p.a) Monthly Loan EMI Interest Payable Total Amount Payable
₹8,00,000 2 Year 11% ₹37,286 ₹94,870 ₹8,94,870

What is the EMI of Rs. 8 Lakh SBI Personal Loan for 3 Year?

Loan Amount Loan Tenure Rate of Interest (p.a) Monthly Loan EMI Interest Payable Total Amount Payable
₹8,00,000 3 Year 11% ₹26,191 ₹1,42,876 ₹9,42,876

What is the EMI of Rs. 8 Lakh SBI Personal Loan for 4 Year?

Loan Amount Loan Tenure Rate of Interest (p.a) Monthly Loan EMI Interest Payable Total Amount Payable
₹8,00,000 4 Year 11% ₹20,676 ₹1,92,468 ₹9,92,468

What is the EMI of Rs. 8 Lakh SBI Personal Loan for 5 Year?

Loan Amount Loan Tenure Rate of Interest (p.a) Monthly Loan EMI Interest Payable Total Amount Payable
₹8,00,000 5 Year 11% ₹17,394 ₹2,43,636 ₹10,43,636

Compare ₹8 Lakh Personal Loan From Other Banks & NBFCs

The comparison of an SBI personal loan of ₹8 lakh with other leading banks and NBFCs in India are as follows: 

Lender Interest Rate (p.a.) Processing Fee Tenure
State Bank of India 10.55% onwards 1% of the loan amount 1 to 6 years
IDFC First Bank 10.49% onwards Up to 3.49% of the loan amount 1 to 5 years
Axis Bank 10.49% onwards Up to 2% of the loan amount 1 to 5 years
IndusInd Bank 10.49% onwards Up to 2.5% of the loan amount 1 to 5 years
Federal Bank 10.49% onwards Up to 3% of the loan amount 1 to 5 years
HDFC Bank 10.50% onwards  Up to Rs 4999 1 to 5 years
ICICI Bank 10.50% onwards  Up to 2.50% of the loan amount 1 to 6 years
Kotak Mahindra Bank 10.99% onwards Up to 3% of the loan amount 1 to 5 years
Bajaj Finserv 11.00% onwards Up to 3.93% of the loan amount 1 to 8 years
Punjab National Bank 11.75% onwards 1% of the loan amount 1 to 6 years

₹8 Lakh SBI Home Loan – Fees and Charges

Following are the applicable fees and charges for an SBI personal loan of ₹8 lakh :

Fee/Charge Amount
Processing Fee 1% of the loan amount plus applicable taxes
Prepayment Charges 3% on your prepaid amount
Late Payment Charges 2% per annum, above the applicable interest rate.
Cheque/ECS/NACH dishonour Charges Rs 250
Professional charges (Advocate Charges/Retainer ship Charges) At Actuals

₹8 Lakh SBI Home Loan – Documents Required

₹8 lakh personal loan documents in SBI are as follows:

Proof of Identity: PAN Card, Passport, Voter ID or Driving License.

Proof of Address: Aadhaar Card, Passport, Driving License, or Utility Bills.

Proof of Income: Bank statement showing the credit of your salary/income.

Proof of Employee: Latest salary slips.

₹8 Lakh SBI Home Loan – Eligibility Criteria

₹8 lakh personal loan eligibility in SBI are as follows:

  • Age Requirement: You should be between 21 and 58 years old.
  • Income: A regular source of income, with a minimum of Rs 15,000, is required.
  • Creditworthiness: A good credit score and a positive repayment history are essential.
  • Nationality: You must be a citizen of India.

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