EMI Schedule
| Month | Opening Balance | Interest | Principal | Closing Balance |
|---|---|---|---|---|
| Sep '23 | ₹ 10,00,000s | ₹ 13,333 | ₹ 1,61,196 | ₹ 8,38,803 |
| Oct '23 | ₹ 8,38,803 | ₹ 11,184 | ₹ 1,63,345 | ₹ 6,75,457 |
| Nov '23 | ₹ 6,75,457 | ₹ 9,006 | ₹ 1,65,523 | ₹ 5,09,933 |
| Dec '23 | ₹ 5,09,933 | ₹ 6,799 | ₹ 1,67,730 | ₹ 3,42,202 |
| Jan '24 | ₹ 3,42,202 | ₹ 4,563 | ₹ 1,69,967 | ₹ 1,72,235 |
| Feb '24 | ₹ 1,72,235 | ₹ 2,296 | ₹ 1,72,233 | ₹0.00 |
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
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Through the lender’s website or the app, go to the loans section and select the home loan option
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Provide your date of birth, income, details of other loans, and check your eligibility for the loan
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Check your eligible loan amount and then select the tenure
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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 -
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Type of Interest
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Loan-to-Value (LTV) Ratio
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Credit Score
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Location of the Property
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Job Profile
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Tenure of the Loan
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.
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