{"id":10738,"date":"2018-07-26T17:54:57","date_gmt":"2018-07-26T12:24:57","guid":{"rendered":"https:\/\/www.antworksmoney.com\/blog\/?page_id=10738"},"modified":"2018-07-26T17:54:57","modified_gmt":"2018-07-26T12:24:57","slug":"state-bank-of-hyderabad-sbh-personal-loan-interest-rates","status":"publish","type":"page","link":"https:\/\/www.antworksmoney.com\/blog\/state-bank-of-hyderabad-sbh-personal-loan-interest-rates\/","title":{"rendered":"State Bank of Hyderabad (SBH) Personal Loan Interest Rates"},"content":{"rendered":"

State Bank of Hyderabad personal loan interest rates<\/b>\u00a0depends the borrower\u2019s on income, borrower\u2019s credit history, the RBI rates, inflation etc. State Bank of Hyderabad personal loan interest rate for the year 2015 is provided at the discretion of the bank but the base rate is 9.95 percent. The interest rates is offered in such a way that the borrower is not burdened with the EMI payment.<\/p>\n

SBH Personal Loan Interest Rates 2018<\/h2>\n\n\n\n\n\n\n\n\n\n\n\n
Particulars<\/strong><\/td>\nSalaried<\/strong><\/td>\nSelf-employed<\/strong><\/td>\n<\/tr>\n
Interest rate<\/td>\n14.70% to 16.75% p.a.<\/td>\n14.70% to 16.75% p.a.<\/td>\n<\/tr>\n
Loan Amount<\/td>\nRs.25,000 to Rs.7.5 lakhs<\/td>\nRs.25,000 to Rs.7.5 lakhs<\/td>\n<\/tr>\n
Loan Tenure<\/td>\nUp to 3 years<\/td>\nUp to 3 years<\/td>\n<\/tr>\n
Lowest EMI<\/td>\nRs.3,451 (for Rs.1 lakh loan amount with maximum loan tenure at the lowest interest rate).<\/td>\nRs.3,451 (for Rs.1 lakh loan amount with maximum loan tenure at the lowest interest rate).<\/td>\n<\/tr>\n
Processing Fee<\/td>\n1% of the advance amount with a minimum of Rs.1000.<\/td>\n1% of the advance amount with a minimum of Rs.1000.<\/td>\n<\/tr>\n
Age<\/td>\n21 to 55 years<\/td>\n21 to 55 years<\/td>\n<\/tr>\n
Prepayment Charges<\/td>\nNil<\/td>\nNil<\/td>\n<\/tr>\n
Foreclosure Charges<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

How to calculate interest or EMI on State Bank of Hyderabad Personal Loan?<\/h2>\n

EMI or Equated Monthly Instalment is the amount that the borrower has to pay to the bank each month towards the payment of interest and the principal loan amount. The principal amount and interest is divided by the tenure that the loan was taken for. The formula to calculate the EMI is:<\/p>\n

EMI= Principal X Rate of interest on a monthly basis X (1+rate of interest on a monthly basis) to the power of the loan tenure divided by [(1+rate of interest on a monthly basis) to the power of the loan tenure \u2013 1]<\/p>\n

Factors affecting State Bank of Hyderabad Personal Loan Interest Rates<\/h2>\n

State Bank of Hyderabad personal loan interest rate<\/u>\u00a0varies for every applicant due to the following factors:<\/p>\n