SBI 50000 Personal loan EMI For 2 Years When you’re short on cash—maybe for a medical expense, family emergency, or just to get through the month—it’s easy to feel stuck. The good news? You don’t have to rely on expensive private lenders. SBI offers a ₹50,000 personal loan starting at just ₹2,308 EMI for 2 years, with one of the lowest interest rates in India.
Let’s break down how it actually works, what you’ll need, and whether you qualify.
What Makes SBI’s ₹50,000 Personal Loan a Smarter Choice
Here’s the thing—most private lenders or NBFCs charge crazy high interest, sometimes up to 24% per year. That means even for a small ₹50,000 loan, you’d end up paying ₹6,800+ in EMI every month with a shorter repayment time.
But SBI? It starts at just 10.05% interest, and you get up to 24 months to repay. That’s why your EMI stays around ₹2,308, which is far easier to manage.
| Loan Amount | Interest Rate (Starting) | Repayment Tenure | Estimated EMI |
|---|---|---|---|
| ₹50,000 | 10.05% p.a. | 24 months | ₹2,308/month |
SBI ₹50,000 Personal Loan – Key Features
- Loan amount: ₹50,000 and above
- Interest rate: Starts from 10.05% p.a., can go up to 18% depending on your profile
- Loan tenure: Up to 2 years
- Processing fee: Around ₹5,500 (approx.)
- Type: Unsecured (no collateral needed)
Availability: Only for salaried employees (government or private sector)
If you work in a government job, your interest rate may be slightly lower compared to someone in a private job. That’s because SBI considers government employees more financially stable.
Who Can Apply Eligibility Criteria
Before you rush to apply, make sure you tick these boxes:
- Monthly income: Minimum ₹20,000–₹30,000
- CIBIL score: At least 700 or higher
- Employment: Must be a salaried employee (not self-employed)
- Repayment capacity: Your EMI should ideally be less than 50% of your salary
- Documents: Salary slips, bank statements, ID proof, address proof (KYC), and income proof
Step-by-Step: How to Apply for SBI ₹50,000 Personal Loan
- Visit your nearest SBI branch – Bring your KYC and income documents.
- Discuss your loan requirement – Ask for a ₹50,000 personal loan for 2 years.
- Let the bank evaluate your profile – They’ll check your CIBIL, income, and repayment capacity.
- Receive loan approval and EMI details – You’ll know the exact EMI and total interest cost.
- Loan disbursal – Once approved, the amount is usually credited to your account within a few hours.
- You can also start the process online on SBI’s official website and then visit the branch to verify documents.
Why Choose SBI Over NBFCs or Private Lenders
Most people pick NBFCs because they promise “instant approval.” But what they don’t tell you is the interest trap.
Let’s say you borrow ₹50,000 for 1 year at 24%. You’ll pay almost ₹6,800+ monthly, which means you return nearly ₹81,600 in total.
With SBI, even if you take the same ₹50,000 for 2 years at 10.05%, your total repayment is just around ₹55,400 including interest. That’s nearly ₹26,000 saved.
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