A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    SBI Home Loan EMI Calculator

    We found 6 SBI Home Loan EMI Calculator

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.65% - 8.70% Floating
    0.35% (max. 10,000) + S.T.
    15L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.60% - 8.65% Floating
    0.35% (max. 10,000) + S.T.
    15L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.6% - 8.7% Floating
    0.35% (max. 10,000) + S.T.
    20L - 10Crs
    25-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.15% - 9.3% Floating
    0% to 0.35% (max. ₹11,500)
    15L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.15% - 9.3% Floating
    0% to 0.35% (max. ₹11,500)
    15L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.50% - 8.55% Fixed/Floating
    0.35% (max. ₹10,000) + S.T.
    5 L to 30 L
    3-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria

    SBI Home Loan EMI Calculator is Rated as "Great!" by 930 Users

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    Home Loan BYTES FROM OUR KITCHEN

    SBI Home Loan Calculator:

    State Bank of India (SBI) is the largest public sector bank and the biggest home loan provider in the country. This government-owned financial institution deals not only with banking but also insurance and other related financial services. As SBI’s results declared at the end of the 4th quarter of 2015-16, it has a total interest income of Rs.42,831 crore and deposits worth Rs. 17,30,722 crore.

    The bank’s interest rates for home loans are among the lowest, and its repayment terms among the most flexible, in the country. With a branch in almost every single big and small town in India, SBI stands at an advantage in penetration. Women and Scheduled Castes and Scheduled Tribes get special rates, and the bank has a specialized scheme for almost every kind of customer.

    How to Use an EMI Calculator:

    The easiest way to find out whether you will be able to afford a home loan or not, is to use an EMI Calculator . An Equated Monthly Instalments Calculator helps you arrive at the approximate EMIs for your loan amount. You can also determine what interest rate, loan tenure and monthly repayment amount works the best for you.

    BankBazaar has one of the best EMI Calculators online because it allows you to factor in the processing fees as well. It also gives you the option of setting target pre-payment amounts in order to reduce the overall loan burden. Before using the EMI Calculator, check SBI Home Loan interest rates, fees and charges, and various SBI Housing Finance Schemes available with the bank at BankBazaar.

    In order to use the BankBazaar EMI Calculator for SBI Home Loans, follow the below steps:

    • Visit the website of BankBazaar.
    • Click on the Menu tab on top right corner of the home page.
    • Select ‘Finance Tools’ and click on the ‘EMI Calculator’ option.
    • Using sliders, or by manual entry, adjust the loan amount and loan period.
    • Type in the interest rate of SBI Home Loan fixed-rate loans .
    • Enter the processing fees that the bank charges.
    • Indicate whether you want to make any pre-payments.
    • Once all data has been input, click on ‘Calculate’.
    • The EMI wizard will come up with results and charts based on the data you provided. The results will include an amortization schedule and pre-payment analysis.

    Example:

    Let us input some figures in the EMI Calculator and see what results it shows.

    Loan amount: Rs. 50 lakh

    Tenure: 30 years

    Interest rate: 9.4%

    Processing Fee: 0.35%

    Would you like to make pre-payments? No

    Result: Your Monthly Loan EMI – Rs.41,678; Total Interest Due – Rs.1,00,04,222; Total Amount Payable – Rs.1,50,21,722

    Let us modify this slightly by adding pre-payments but keeping the other numbers.

    Would you like to make pre-payments? Yes.

    Pre-payment frequency: Once in a year

    Pre-payment starts in: 60 months (5 years)

    Pre-payment amount: Rs. 50,000

    Pre-payment fee: NIL

    Pre-payment applies to: Sum of all pre-payments

    Result: Your Monthly Loan EMI – Rs.41,678; Total Interest Due – Rs.75,03,474; Total Amount Payable – Rs.1,25,20,974

    Here you can see the difference a pre-payment of Rs. 9.5 lakh in 25 years makes, to the total amount payable to the bank at the end of 30 years – more than Rs. 25 lakh! You can modify the interest rate, tenure, and loan amount this way to figure out how much loan you can afford to take at your income.

    SBI Home Loan EMI per Lakh for 10 Years Chart @ 9.40% Rate & 0.35% Processing Fee:

    Year Principal Paid(A) Interest Paid(B) Total Payment (A+B) Outstanding Loan Balance
    2016 1,44,424 2,17,123 3,61,547 38,55,577
    2017 2,66,803 3,52,993 6,19,796 35,88,774
    2018 2,93,137 3,26,659 6,19,796 32,95,637
    2019 3,22,069 2,97,724 6,19,793 29,73,567
    2020 3,53,859 2,65,937 6,19,796 26,19,708
    2021 3,88,785 2,31,008 6,19,793 22,30,923
    2022 4,27,158 1,92,635 6,19,793 18,03,763
    2023 4,69,321 1,50,475 6,19,796 13,34,441
    2024 5,15,642 1,04,150 6,19,792 8,18,797
    2025 5,66,541 53257 6,19,798 2,52,257
    2026 2,52,257 5,991 2,58,248 0

    SBI Home Loan EMI Calculator FAQ

    1. Do I use the same EMI calculator for all banks?

      Yes. The EMI Calculator is a common tool that is not tied with any particular bank or financial institution. The important thing is that you must know the interest rate and processing charge of the bank/s that you are considering for home loans.

    2. Does SBI bank have an EMI calculator?

      Yes. SBI has its own EMI calculator too, but it does not allow to calculate and add in the processing fees or pre-payments.

    3. How accurate is an EMI calculator?

      You have to keep in mind that an EMI calculator estimates your loan amortization details based on the data you input through it. The banks may have other hidden charges that might add into the loan amount. In addition, if yours is a floating home loan, then the interest rate changes every year based on the MCLR or Base Rate change. Even fixed-rate loans are fixed only for 2-5 years and then reverts to floating rate. Even a slight change in interest rate will make a difference to the total loan amount you repay the bank, because of the longer duration of the loan. These variables limit the accuracy of an EMI calculator.

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  • SBI Home Loan EMI Calculator Reviews

    • SBI Home Loan
      "Better Service"
      0.5 4.0/5 "Great!"
      In the year of 2014, I had taken a home loan from SBI. The rate of interest was around 10.15% at that time. EMI will be deducted from my salary account every month, so I do not have any interactions with the customer service executives till date.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 23, 2017
    • SBI Home Loan
      "Better "
      0.5 4.0/5 "Great!"
      I got the approval letter from the State bank of India for my home loan. Rate of interest was around 9% and I was not okay with that. Response and other aspects are good with them . Being an under construction property, the loan amount will be get disbursed shortly.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 22, 2017
    • SBI Home Loan
      "Satisfactory services"
      0.5 5.0/5 "Blown Away!"
      My home loan is from State Bank of India and this process was smooth for me. I had no hassles with the bank in the documentation or in the disbursement. Everything happened on time and and I got the funds I needed with a good deal on the interest and charges.
      Was this review helpful? 0
      , rourkela
      Reviewed on May 22, 2017
    • SBI Home Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I do have the home loan with the State bank of India and their interest rate is a good one with them. Services are not good with them and the loan amount got disbursed to my account within three months of four months of time. Lastly, even the processing charges were nominal one with them.
      Was this review helpful? 0
      , pune
      Reviewed on May 22, 2017
    • SBI Home Loan
      "Disappointed with the service"
      0.5 2.5/5 "Just OK"
      For me SBI services falls below expectation, because they did not stick to their interest rate. Initially I was quoted an interest rate of 8.5% however they offered me only 8.65%. Therefore SBI needs to stick on to their promises. Additionally, they had to appoint a responsible executive, also he or she should know how to handle the customer in a refined way.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 22, 2017
    • SBI Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I opted for home loan with SBI BANK, Their process was good and smooth and now also they do, Customer service and responsiveness was really good, It was a Good experience with the HDFC Bank. My HOME loan experience with SBI is Outstanding I would say they are good in service of loans and the loan amount I applied for 42 laks but I received only 38 lakhs because of the property value. They charged me some processing fee and they told me that they will refunded it which they did not do ,when I called to check that they confirmed that the time scales got lapsed.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 21, 2017
    • SBI Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The service provided was very good with State bank based on the Home loan process.The customer follow up made is the positive end of the bank.They have provided very immediate and fast service based on the application.The interest rate offered was 10.5% approximately .and its floating total loan amount was 10.70 laks and tenured is for 15 years applied in 2008.
      Was this review helpful? 0
      , nanded
      Reviewed on May 21, 2017
    • SBI Home Loan
      "Fast Service"
      0.5 4.0/5 "Great!"
      As soon as I submitted my documents with SBI for my housing loan, immediately they called me and the very next day they initiated the process. Interest rate is ok, though the current market rate is of 8.35% I got it for 8.70% but then there is no problem in interest rate. The process went good.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 20, 2017
    • SBI Home Loan
      "Average service."
      0.5 4.0/5 "Great!"
      My wife wanted me to take only SBI home loan as she thinks they do thorough verification of the project and so had to go for it though I preferred some private bank. They processed it within 12/15 days as it was March but had to travel 20+kms as the agent came from a far away branch. Otherwise all is well till now.
      Was this review helpful? 0
      , chennai
      Reviewed on May 19, 2017
    • SBI Home Loan
      "Trsutworthy and Reliable"
      0.5 5.0/5 "Blown Away!"
      I took the home loan with the State bank of India and I got the loan amount with them because of trust. Its the nationalized bank and that's the major thing made me to went ahead with them. Within two to three weeks of time, I got the home loan.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 19, 2017
    • SBI Home Loan
      "Convenient process"
      0.5 5.0/5 "Blown Away!"
      It was a excellent experience with State Bank of India for the home loan. The process was on time and I also got a good deal as well. The disbursement was on the date I needed it and the after loan services has been smooth too. The rate of interest was around 9% and I am comfortable with it.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 19, 2017
    • SBI Home Loan
      "Good Experience with SBI"
      0.5 3.0/5 "Satisfactory"
      SBI is one of the largest bank in India, whatever the loan we take they give transparent information they wont take any hidden charges. I have taken the home loan of Rs.25 lakhs with the tenure of five years without processing fee. SBI charged 8.5% of interest it is nominal as per the market.
      Was this review helpful? 1
      , chennai
      Reviewed on May 18, 2017
    • SBI Home Loan
      "Below average service"
      0.5 3.0/5 "Satisfactory"
      The process took too much time, Sbi executives told they will disburse the loan within 10 to 15 days, but then they took around 4 months to disburse my home loan , which is too long time. The rate of interest is nominal with SBI. Overall I can say it was an below average service.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 18, 2017
    • SBI Home Loan
      "Its Better"
      0.5 4.0/5 "Great!"
      SBI is cheapest loan provider across the India, they have provided lest interest rate 9.3% on home loan. But documentation process is very lengthy, I have submitted lot of documents, because they have stick with the RBI guidelines. SBI have satisfied me by giving 100% loan on my property value.
      Was this review helpful? 0
      , sonipat
      Reviewed on May 18, 2017
    • SBI Home Loan
      "Good deal"
      0.5 5.0/5 "Blown Away!"
      SBI has been good in the services for the home loan. It would have been better if I received the loan more sooner. The documentation was normal and the disbursement was also as needed. The interest rate was around 8% and the processing charges was minimal.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 18, 2017
    • SBI Home Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      Being an salaried account holder with SBI. I am very glad to have a loan with SBI. After submitting my documents they took around 10 days to disburse my home loan. The rate of interest is 8.35% which nominal with SBI. Overall I would like to thank State bank for providing a Home loan.
      Was this review helpful? 0
      , chennai
      Reviewed on May 18, 2017
    • SBI Home Loan
      "Better service"
      0.5 4.0/5 "Great!"
      The documentation and the verification process went smooth with State Bank of India Home loan. The rate of interest is nominal, when compared with others. The response part was good with State bank of India. Overall the service is good with SBI.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 18, 2017
    • SBI Home Loan
      "Better "
      0.5 4.0/5 "Great!"
      I got the home loan with the State bank of India and the loan amount got disbursed to my account within a month of time. Processing charges were nominal one with them. During documentation process also there were no issues with them.
      Was this review helpful? 0
      , chennai
      Reviewed on May 17, 2017
    • SBI Home Loan
      "Average"
      0.5 2.0/5 "Expected more"
      I have not received the documents like repayment schedule and other papers for my home loan with the State bank of India . State bank of India took long time to provide the disbursement , also the verification process was really huge one. Rate of interest was fine one for me and I would like to suggest that they need to optimize and speed up the process.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 16, 2017
    • SBI Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      My experience with State bank of India has always been fair. I had taken my home loan from them. The process was quick and it was completed on time by the bank. They also offered a good rate of interest 8.68%.and there was no processing charges toatal loan amount is 19 laks I have opted for.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 16, 2017
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