SBI Home Loan EMI Calculator
SBI home loan EMI for different amounts (at 8.5%, 20 years)
| Loan amount | Monthly EMI | Total interest |
|---|---|---|
| ₹10 Lakh | ₹8,678 | ₹10.83 L |
| ₹20 Lakh | ₹17,356 | ₹21.66 L |
| ₹30 Lakh | ₹26,035 | ₹32.48 L |
| ₹50 Lakh | ₹43,391 | ₹54.14 L |
| ₹75 Lakh | ₹65,087 | ₹81.21 L |
| ₹1 Crore | ₹86,782 | ₹1.08 Cr |
State Bank of India currently offers home loans at 8.5% p.a. (floating, starting rate as of June 2026). A ₹30 lakh loan over 20 years costs about ₹26,035/month with roughly ₹32.48 L in interest. Want a shorter tenure or planning to prepay? Use the calculator above — it shows total interest, year-by-year amortisation and prepayment savings.
Always confirm the exact rate with your SBI branch or relationship manager; rates change with RBI repo-rate announcements and individual credit profiles.
What is SBI's current home loan interest rate?
State Bank of India currently offers home loans starting at 8.5% per annum (floating). Actual rate depends on your credit score, loan amount and employment type. Use the calculator above to see the EMI at the exact rate you're offered.
What is the EMI for a ₹30 lakh SBI home loan?
At 8.5% for 20 years, the EMI for a ₹30 lakh home loan from SBI is about ₹26,035 per month. Total interest over 20 years would be roughly ₹32.48 L. Shorter tenures reduce total interest but raise the monthly EMI.
What is SBI's home loan processing fee?
SBI charges a processing fee of approximately 0.35% (min ₹2,000) on home loans. This is a one-time, non-refundable charge. Factor it into your true cost — the calculator above includes a processing fee field under True Cost.
Is SBI good for a home loan?
India's largest lender. Key factors to compare across banks: interest rate, processing fee, prepayment charges (most public-sector banks charge 0 on floating-rate loans), customer service, and turnaround time. Always get an offer letter from 2–3 banks before deciding.