SBI Home Loan EMI Calculator
Calculate your monthly instalment (EMI) and interest on an SBI home loan using SBI's official published interest rate starting from 8.00% p.a. benchmarked to EBLR.
Official Rate Formula & Benchmark:
SBI calculates home loan EMIs on a daily reducing balance basis pegged to SBI EBLR (Repo Rate + 2.15% margin). Starting rate of 8.00% p.a. applies to prime salaried borrowers with CIBIL score 750+ under active campaign concessions.
Current official starting rate: 8.00% p.a. (Range: 8.00% – 9.65% p.a.).
SBI Home Loan EMI Calculator
Interactive calculation engine using official SBI rates
For 20 years at 8.00% p.a. reducing balance
Yearly Repayment Schedule
| Year | Principal Paid | Interest Paid | Total Paid | Balance |
|---|---|---|---|---|
| Year 1 | ₹1,05,683 | ₹3,96,181 | ₹5,01,864 | ₹48,94,317 |
| Year 2 | ₹1,14,455 | ₹3,87,409 | ₹5,01,864 | ₹47,79,862 |
| Year 3 | ₹1,23,955 | ₹3,77,909 | ₹5,01,864 | ₹46,55,907 |
| Year 4 | ₹1,34,243 | ₹3,67,621 | ₹5,01,864 | ₹45,21,664 |
| Year 5 | ₹1,45,385 | ₹3,56,479 | ₹5,01,864 | ₹43,76,279 |
Rate Verification & Official Notice
8.00% p.a.
8.00% – 9.65% p.a.
floating RateEBLR (8.65%)
Applicable Conditions & Eligibility Factors:
- Starting rate of 8.00% p.a. for CIBIL score 750+ under special campaign
- 0.05% concession for women borrowers
- EBLR linked floating rate with periodic reset
Source: SBI Official Portal - Home Loan Interest Rates
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Daily reducing balance amortization linked to EBLR.
- 2Prime CIBIL score (750+) unlocks starting 8.00% campaign rate.
- 30.05% interest rebate for women borrowers.
Key Factors Influencing Your Rate
- •CIBIL Score tier
- •Loan-to-Value (LTV) ratio
- •Floating repo-linked resets
Worked Numerical Example: SBI Home Loan EMI Calculator
For a ₹50,00,000 loan at 8.00% p.a. for 20 years (240 months), your monthly EMI is ₹41,822, with total interest of ₹50,37,282.
Frequently Asked Questions: SBI Home Loan EMI Calculator
- What is current SBI home loan rate?
- Starts from 8.00% p.a. for prime salaried borrowers with CIBIL 750+.
- Does SBI charge prepayment penalty?
- Zero prepayment penalty on floating rate loans per RBI guidelines.