SBI Personal Loan of 9 Lakh

Personal Loan By Other
Personal Loan By Profession
Personal Loan By Scheme
Personal Loan By Amount

Get in Touch for Personal Loan Expert Advice

Connect with our Personal Loan Advisor Now!

Personalized Personal Loan solutions
Expert guidance
Application assistance
Credit score discussion
Personal Loan Interest rate comparison

Full Name

+91Mobile No.

Choose City

I agree to the Terms and Conditions of TUCIBIL and hereby provide explicit consent to share my Credit Information with Urban Money Private Limited.

Written By

Amrita Sinha

Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal finance.

Reviewed By

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.

The 9 Lakh SBI Personal Loan can be availed by individuals in case of emergency financial obligations, which include higher education, medical expenses, weddings or any other unintended expenses. The loan tenure can vary from a few months to several years, depending on the borrower’s preference. SBI offers competitive interest rates and flexible repayment options for this loan, making it an attractive choice for those needing financial assistance. To apply for the 9 Lakh SBI Personal Loan, individuals must meet the bank’s eligibility criteria and provide the necessary documents. The loan application process is quick and hassle-free, with the bank approving within a few days. Once approved, the loan amount will be disbursed to the borrower’s account, allowing them to fulfil their personal financial goals.

9 Lakh Personal Loan SBI – Highlights

The key parameters of ₹9 lakh SBI Personal Loan 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.

9 Lakh Personal Loan EMI for 1- 6 Years

The estimated ₹9 lakh personal loan EMI with SBI for varying tenures are as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Interest Payable
₹9 Lakh	10.55% p.a.	One year	Rs 79,355	Rs 52,256
₹9 Lakh	10.55% p.a.	Two years	Rs 41,759	Rs 1,02,223
₹9 Lakh	10.55% p.a.	Three years	Rs 29,273	Rs 1,53,843
₹9 Lakh	10.55% p.a.	Four years	Rs 23,065	Rs 2,07,109
₹9 Lakh	10.55% p.a.	Five years	Rs 19,367	Rs 2,62,009
₹9 Lakh	10.55% p.a.	Six years	Rs 16,294	Rs 3,18,525

Compare 9 Lakh Personal Loan From Other Banks & NBFCs –

The comparison of an SBI 9 Lakh personal loan with other leading banks and NBFCs in India is 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

9 Lakh SBI Personal Loan – Fees and Charges

Following are the applicable fees and charges for 9 Lakh SBI Personal Loan:-

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

9 Lakh SBI Personal Loan – Documents Required

Applicants must provide the necessary documents when applying for a 9 Lakh SBI personal loan. These have been listed below.

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 your salary/income credit.

Proof of Employee: Latest salary slips.

9 Lakh SBI Personal Loan – Eligibility Criteria

Applicants interested in availing of a 9 lakh SBI Personal Loan must fulfil the following eligibility criteria set forth by the bank.

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.