SBI Home Loan EMI Calculator

Your monthly EMI is

₹87,265

for 6 months

Total Interest

₹23,591


Total Amount

₹5,23,591

Loan Amount
Total Interest

Loan Amount

Min ₹5,000

Max ₹60,00,000

Rate of Interest

Min 6%

Max 36%

Loan Tenure

Min 3 months

Max 72 months

About State Bank of India (SBI)

The State Bank of India or SBI, is an Indian multinational public sector bank that offers diversified financial services to all Indians. SBI continues to revolutionize banking in India, aiming to provide responsible and sustainable banking solutions.

Steps to Apply for a Home Loan

  • 1

    Through the lender's website or the app, go to the loans section and select the home loan option

  • 2

    Provide your date of birth, income, details of other loans, and check your eligibility for the loan

  • 3

    Check your eligible loan amount and then select the tenure

  • 4

    Submit the application to initiate the loan approval process

Factors Affecting SBI Bank Home Loan EMI

Moneyview's SBI Bank Home Loan EMI Calculator gives accurate results in mere seconds. The calculated EMI is affected by various factors, such as -
The type of interest rate (fixed or floating) affects your EMI. Fixed rates remain constant while floating rates may vary based on market conditions.
This ratio determines how much of the property value the bank will finance. Higher LTV ratios may result in higher interest rates.
Your credit score is a numerical representation of your creditworthiness. Higher scores typically result in better loan terms and lower interest rates.
Properties in prime locations or upcoming areas may qualify for better loan terms and lower interest rates compared to properties in less developed areas.
Your employment type (salaried vs self-employed) and job stability influence the loan terms and interest rates offered by the bank.
The repayment period affects your EMI amount. Longer tenures result in lower monthly payments but higher total interest paid over the loan term.

Conclusion

Home loan is a huge responsibility. Hence, it is crucial to calculate all the costs involved such as EMI, before taking it. With Moneyview's SBI home loan EMI calculator, you can find out your EMI in mere seconds. Take control of your finances today with our SBI bank home loan EMI calculator.

SBI Home Loan EMI Calculator - Related FAQs

As per the information provided on the SBI website, the interest for a regular home loan currently starts at 9.15%. SBI offers different types of home loans, hence contact the bank directly to understand your home loan interest rates.

Your EMI depends on various factors such as tenure, interest rate, and more. Use Moneyview's SBI bank home loan EMI calculator to accurately calculate your EMI.

Personal loan related links

Loan on Aadhaar & PAN Card

Personal Loan Interest Rates

Personal Loan Eligibility

Personal Loan Documents

Personal Loan For Self-Employed

Personal Loan for Salaried Employees

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The starting interest rate depends on factors such as credit history, financial obligations, specific lender's criteria and Terms and conditions. Moneyview is a digital lending platform; all loans are evaluated and disbursed by our lending partners, who are registered as Non-Banking Financial Companies or Banks with the Reserve Bank of India.

This article is for informational purposes only and does not constitute financial or legal advice. Always consult with your financial advisor for specific guidance.