Sanima Bank Consumer & EMI Loan interest rate 2083
Sanima Bank Consumer & EMI Loan: effective rate 12.26%, EMI from Rs. 17,794 per month. Compare with 19 other banks.
#15 / 20 banksAwaiting verificationEffective from 1 Bhadra 2083
Rate breakdown
Base rate
6.59%
Premium
5.67%–6.45%
Effective rate
12.26%–13.04%
Fixed
Not offered
- Processing fee
- 1.5% (Min Rs. 500)
- Prepayment penalty
- 0%
- Loan amount
- Rs. 20 K – Rs. 10 Lakh
- Tenure
- 6 – 36 months
- Max financing
- 8%
- Age
- 21 – 65 years
Highlights
- Phones, laptops, appliances
- 0% EMI on partner brands
- Approval in 24 hours
Who is eligible
Citizenship and 3 months bank statement. Some retailers need only citizenship.
Documents you will need
- Citizenship certificate (copy)
- 2 passport-size photos
- Latest 6 months bank statement
- PAN card
- Product quotation or invoice
Sanima Bank Consumer & EMI Loan FAQ
What is Sanima Bank's current Consumer & EMI Loan interest rate?+
Sanima Bank's Consumer & EMI Loan floating rate is base rate 6.59% plus a premium of 5.67% to 6.45%, giving 12.26% to 13.04% effective from Bhadra 2083.
What is the EMI on a Rs. 2 Lakh Consumer & EMI Loan from Sanima Bank?+
At 12.26% over 12 months, the EMI is roughly Rs. 17,794. Use the calculator above to change the amount or tenure.
Can I prepay a Sanima Bank Consumer & EMI Loan?+
Yes. The published prepayment charge is 0% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.