{"id":2218,"date":"2018-03-13T09:07:58","date_gmt":"2018-03-13T03:37:58","guid":{"rendered":"https:\/\/www.antworksmoney.com\/blog\/?page_id=2218"},"modified":"2018-03-13T09:07:58","modified_gmt":"2018-03-13T03:37:58","slug":"state-bank-mysore-sbm-personal-loan-interest-rates","status":"publish","type":"page","link":"https:\/\/www.antworksmoney.com\/blog\/state-bank-mysore-sbm-personal-loan-interest-rates\/","title":{"rendered":"State Bank of Mysore (SBM) Personal Loan Interest Rates"},"content":{"rendered":"

State Bank of Mysore charges 17.25% on its personal loans. Currently, the applicable base rate of the bank is 10.00%. Your income level, loan repayment capacity and the amount of assets you have \u2013 these are some of the factors that may affect your\u00a0SBM personal loan interest rates<\/b>\u00a0in 2015<\/p>\n

SBM Personal Loan Interest Rates 2018<\/h2>\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>\n16.55% p.a.<\/td>\n16.55% p.a.<\/td>\n<\/tr>\n
Loan Amount<\/td>\nUp to Rs.1.5 lakhs<\/td>\nUp to Rs.1.5 lakhs<\/td>\n<\/tr>\n
Loan Tenure<\/td>\n1 to 3 years<\/td>\n1 to 3 years<\/td>\n<\/tr>\n
Lowest EMI<\/td>\nRs.3,542.92 (for Rs.1 lakh loan amount with maximum loan tenure at the lowest interest rate).<\/td>\nRs.3,542.92 (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 total loan amount<\/td>\n1% of the total loan amount<\/td>\n<\/tr>\n
Age<\/td>\n21 to 58 years<\/td>\n21 to 58 years<\/td>\n<\/tr>\n
Prepayment Charges<\/td>\nNil<\/td>\nNil<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

How to calculate interest\/ EMIs on State Bank of Mysore Personal Loan Interest Rate<\/h2>\n

There are many methods of calculating the EMIs of your personal loan. You can either use the mathematical formula or an excel. But, the quickest way and simplest way to do it is to use a Personal Loan EMI Calculator which is available online. Put the following details pertaining to your personal loan in the calculator \u2013 loan tenure, principal amount, interest rate and processing fees (if any). Then, the calculator will immediately reveal your monthly EMIs for SBM Personal Loan in 2015.<\/p>\n

Factors affecting State Bank of Mysore Personal Loan Interest Rate<\/h2>\n

You need to know a few things about personal loan interest rates before you apply for a personal loan with State Bank of Mysore in 2015. The bank may consider the following factors before it finalizes its personal loan interest on your personal loan.<\/p>\n