SBI Home Loan EMI Calculator

State Bank of India (SBI) is the largest bank in India. Under the loan segment, home loan offered by the bank is the most demanding loan as this government bank has won the hearts of many with this customer friendly product. SBI home loan comes with low-interest rate and flexible tenure facility along with a higher loan amount facility to help you buy your dream home. SBI also has its own home loan EMI calculator to help you know the EMI payments in advance. There is also a separate maturity value calculator that tells the repayment and the balance amount details on yearly basis.

EMI Calculator forHome Loan
Loan Amount (₹)
Interest Rate (%)
Tenure(year)
Results
Loan Amount
Interest Rate
Tenure(Months)
Monthly Instalment (EMI)
Total Interest Amount
Total Amount (Principal + Interest)
YearPrincipalInterestBalance Amount

SBI Home Loan Interest Rate

ParticularsDetails
Interest Rate8.45% - 9.00%
Loan AmountCustomized
TenureUp to 30 years
Processing Fees0.35% of loan amount plus GST to maximum ₹10,000 plus GST
Prepayment Charges0%

SBI Home Loan Calculator

A loan EMI calculator is a tool that helps you know the payments you are supposed to do. The calculator is also popular as a loan calculator or an interest calculator and is available for each kind of loan. In a home loan calculator, you have to mention the loan amount, the home loan interest rate and the tenure for which you want to take the loan. On the basis of these details, you get the table with the information about the EMI, the total interest outgo and the total amount (interest+principal) for each year till the last year of the tenure. Also, along with the EMI table, you get the details of the amortization or maturity value. An amortization table shows the repayment and the balance amount details on yearly basis.

Here is an example:

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 20,00,0008.50%1₹ 1,74,440₹ 93,275₹ 20,93,275
₹ 20,00,0008.50%2₹ 90,911₹ 1,81,872₹ 21,81,872
₹ 20,00,0008.50%3₹ 63,135₹ 2,72,863₹ 22,72,863
₹ 20,00,0008.50%4₹ 49,297₹ 3,66,237₹ 23,66,237
₹ 20,00,0008.50%5₹ 41,033₹ 4,61,984₹ 24,61,984
₹ 20,00,0008.50%6₹ 35,557₹ 5,60,087₹ 25,60,087
₹ 20,00,0008.50%7₹ 31,673₹ 6,60,530₹ 26,60,530
₹ 20,00,0008.50%8₹ 28,784₹ 7,63,289₹ 27,63,289
₹ 20,00,0008.50%9₹ 26,559₹ 8,68,340₹ 28,68,340
₹ 20,00,0008.50%10₹ 24,797₹ 9,75,657₹ 29,75,657
₹ 20,00,0008.50%11₹ 23,373₹ 10,85,207₹ 30,85,207
₹ 20,00,0008.50%12₹ 22,201₹ 11,96,960₹ 31,96,960
₹ 20,00,0008.50%13₹ 21,224₹ 13,10,879₹ 33,10,879
₹ 20,00,0008.50%14₹ 20,398₹ 14,26,926₹ 34,26,926
₹ 20,00,0008.50%15₹ 19,695₹ 15,45,062₹ 35,45,062
₹ 20,00,0008.50%16₹ 19,090₹ 16,65,245₹ 36,65,245
₹ 20,00,0008.50%17₹ 18,566₹ 17,87,432₹ 37,87,432
₹ 20,00,0008.50%18₹ 18,109₹ 19,11,576₹ 39,11,576
₹ 20,00,0008.50%19₹ 17,709₹ 20,37,632₹ 40,37,632
₹ 20,00,0008.50%20₹ 17,356₹ 21,65,552₹ 41,65,552
₹ 20,00,0008.50%21₹ 17,045₹ 22,95,286₹ 42,95,286
₹ 20,00,0008.50%22₹ 16,768₹ 24,26,784₹ 44,26,784
₹ 20,00,0008.50%23₹ 16,522₹ 25,59,998₹ 45,59,998
₹ 20,00,0008.50%24₹ 16,302₹ 26,94,874₹ 46,94,874
₹ 20,00,0008.50%25₹ 16,105₹ 28,31,363₹ 48,31,363
₹ 20,00,0008.50%26₹ 15,928₹ 29,69,411₹ 49,69,411
₹ 20,00,0008.50%27₹ 15,768₹ 31,08,968₹ 51,08,968
₹ 20,00,0008.50%28₹ 15,625₹ 32,49,982₹ 52,49,982
₹ 20,00,0008.50%29₹ 15,495₹ 33,92,402₹ 53,92,402
₹ 20,00,0008.50%30₹ 15,378₹ 35,36,177₹ 55,36,177

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

YearPrincipalInterestBalance Amount
1₹ 15,119₹ 1,69,420₹ 19,84,880
2₹ 16,455₹ 1,68,084₹ 19,68,425
3₹ 17,910₹ 1,66,629₹ 19,50,514
4₹ 19,493₹ 1,65,046₹ 19,31,021
5₹ 21,216₹ 1,63,323₹ 19,09,805
6₹ 23,091₹ 1,61,448₹ 18,86,713
7₹ 25,132₹ 1,59,407₹ 18,61,580
8₹ 27,354₹ 1,57,185₹ 18,34,226
9₹ 29,772₹ 1,54,767₹ 18,04,454
10₹ 32,403₹ 1,52,136₹ 17,72,050
11₹ 35,267₹ 1,49,271₹ 17,36,782
12₹ 38,385₹ 1,46,154₹ 16,98,397
13₹ 41,778₹ 1,42,761₹ 16,56,619
14₹ 45,470₹ 1,39,068₹ 16,11,148
15₹ 49,490₹ 1,35,049₹ 15,61,658
16₹ 53,864₹ 1,30,675₹ 15,07,793
17₹ 58,625₹ 1,25,913₹ 14,49,168
18₹ 63,807₹ 1,20,731₹ 13,85,360
19₹ 69,447₹ 1,15,091₹ 13,15,912
20₹ 75,586₹ 1,08,953₹ 12,40,326
21₹ 82,267₹ 1,02,272₹ 11,58,058
22₹ 89,539₹ 95,000₹ 10,68,519
23₹ 97,453₹ 87,086₹ 9,71,065
24₹ 1,06,067₹ 78,472₹ 8,64,998
25₹ 1,15,443₹ 69,096₹ 7,49,554
26₹ 1,25,647₹ 58,892₹ 6,23,907
27₹ 1,36,753₹ 47,786₹ 4,87,154
28₹ 1,48,841₹ 35,698₹ 3,38,313
29₹ 1,61,997₹ 22,542₹ 1,76,316
30₹ 1,76,424₹ 8223₹ 0

The advantage of a loan EMI calculator is that you can prepare yourself in advance for the future payments so as to manage the finances accordingly. Also, you can use it as many times as you want for different loan details before applying for a home loan and even during the loan to know how much you have paid and how much you have to pay to settle the loan.

EMI Calculation Formula

The calculation in the EMI calculator is done through the below-given formula:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
where,
EMI = Equated Monthly Installment
P = Principal Loan Amount
R = Monthly Interest Rate
N = Number of Monthly Installments

SBI Home Loan Eligibility Calculator

Just like other loans, home loans are also given on the basis of the repayment capacity of the applicant. Since it is also a debt, SBI takes into account the salary or income of the applicant. Based on which you get the loan amount. There is also a facility to calculate the eligibility for a home or housing loan. You can use an eligibility calculator to calculate your home loan eligibility and check whether or not you can get the approval and also the maximum loan amount that you can get.

You can also have a look at the general eligibility criteria for a home loan which includes the minimum age criteria, income, and the work experience for both salaried as well as self-employed individuals.

  • The age of the applicant or co-applicant should be between 18-70 years at the time of applying for the home loan.
  • The minimum Net Monthly Income (NMI) required for a salaried person is ₹10,000 and the minimum Net Annual Income for a self-employed is ₹2,00,000 (p.a.).

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EMI Calculator