- The calculator evaluates the total loan cost instantly.
- The tool is available online and is free of cost.
- One can adjust the loan parameters (interest rate, loan amount and tenure).
- The tool is easy to operate, and no manual labour is involved.
- The results are accurate.
SBI Home Loan EMI Calculator
SBI home loan EMI calculator is a financial tool that allows the prospective borrowers to calculate their home loan EMIs and interest cost payable throughout the loan tenure. Thus, individuals can compare loan options, plan their finances better and opt for a home loan that is budget-friendly.
Calculate your Home Loan EMI Online
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Your Monthly EMI Payment
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Principal Amount₹0
Interest Amount₹0
Total Amount₹0
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HDFC Bank
Min Loan Amt. ₹15L
Rate of Interest7.2% - 13.2%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
ICICI Bank
Min Loan Amt. ₹15L
Rate of Interest7.65% - 9.80%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
Axis Bank
Min Loan Amt. ₹30L
Rate of Interest8.35% - 11.90%
Tenure uptoUpto 30 Years
Processing Fee₹ 14,000
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How Can I Apply for a Home Loan Online?
Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
SBI Home Loan EMI Calculator - Features
Working of SBI Home Loan EMI Calculator
The SBI home loan EMI calculator works in the following manner:
Factors Affecting SBI Home Loan EMI
SBI home loan EMI depends on the following factors:
Benefits of SBI Home Loan EMI Calculator
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Example Scenarios with SBI Home Loan EMI
| Loan Amount (Rs.) | Loan Tenure | Interest Rate (p.a.) | EMI (Rs.) |
|---|---|---|---|
| 50 lakh | 30 years | 7.25% | 34,109 |
| 30 lakh | 20 years | 7.25% | 23,711 |
| 20 lakh | 10 years | 7.25% | 23,480 |
How Interest Type Affects SBI Home Loan EMI>
SBI offers home loans at floating interest rates. Floating rates are variable in nature and change with the change in the repo rate set by the RBI. Hence, every time the RBI resets its repo rate, SBI adjusts its home loan interest rate. If the interest rate increases, the EMI also increases, and vice-versa.
Fixed rates are not variable and hence, remain the same throughout the loan tenure. Therefore, the EMI remains the same throughout the loan tenure, provided the borrower makes part payment or opts for switching the home loan either to a lower rate or to a floating rate.
SBI Home Loan EMI v/s Total Interest Cost
EMI is the total amount paid monthly towards the principal and interest payment, whereas total interest cost is the total amount paid as interest over the entire loan tenure. Let us see the difference between home loan EMI and interest cost under the following scenarios:
Effects of Prepayment on EMI and Tenure
Whenever you have surplus, you can pay a lump sum amount towards your outstanding loan amount even before the loan maturity. This amount reduces your principal and eventually your EMI and interest cost.
However, the lender provides two options to the borrower during part-payment-
If the borrower opts for EMI reduction, the tenure remains the same, but the EMI keeps reducing with every part payment. However, if the borrower opts for a reduction in tenure, the EMI remains the same, but the tenure decreases.
How to Reduce the SBI Home Loan EMI
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Why Choose Paisabazaar?



Compare & Choose the Best Offer
Pre-approved Offers with Instant Disbursals
Know Your Chances of Approval
End-to-End Digital Process
How Can I Apply for a Home Loan Online?
Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
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Get a Home Loan for
Your Dream Home
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