State Bank of India offers personal loans to salaried individuals with varying loan amounts based on their Net Monthly Income (NMI). I have recently checked the maximum personal loan amount in SBI. The maximum loan amount is determined by multiplying the applicant's NMI by a factor of 24 or 30, depending on the NMI range.
What is the Maximum Amount of Personal Loan in SBI?
As sum, SBI offers personal loans to its customers up to Rs 35 lakhs.
Specifically, for NMIs below Rs 50,000, the maximum loan amount is 24 times the NMI, while for NMIs above Rs 50,000, it is 30 times the NMI.
Additionally, the EMI-to-NMI ratio should not exceed 65%.
For instance, if an individual's NMI is Rs 40,000, the maximum loan amount would be Rs 9.6 lakh (24 × Rs 40,000). Conversely, if the NMI is Rs 60,000, the maximum loan amount could be up to Rs 18 lakh (30 × Rs 60,000), provided the EMI/NMI ratio remains within the stipulated limit.
It's important to note that the actual loan amount sanctioned may vary based on the applicant's credit score, employment stability, and other internal bank policies. I hope you understand the personal loan maximum amount SBI.
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What is the Maximum Personal Loan Amount in SBI?
priya
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2025-10-12T19:38:44+00:00 2025-10-12T19:38:46+00:00Comment
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