The SBI mortgage loan interest rate calculator or EMI Calculator is available on the Quick Links menu at the right side of the SBI webpage. Click on this link and select the SBI loan against property calculator and then follow the steps mentioned below: Enter the loan amount that you are looking for loan against property EMI calculator SBI The SBI Maxgain home loan calculator uses a standard formula to calculate the EMI amount, and it is explained below. The Formula Used: EMI = [P x R x (1+R)^N]/ [ (1+R)^N-1] P = The Principal Amount. R = The Rate of Interest. N = The Tenure of the Loan. Let’s understand your ₹20 lakh home loan EMI with an example. We have considered the interest rate as 8.45% p.a. with tenures of 5, 10, 15, 20 and 30 years. After using a home loan EMI calculator, the calculation of the EMI on ₹20 lakh home loan would be: Loan Amount (₹) Interest Rate (p.a.) Tenure. EMI. Thus, before taking the SBI Home Loan, make sure to compare various interests so that the borrower can get a loan at a lower EMI. The calculation and comparison of EMI can be done with the SBI Home Loan EMI Calculator. Currently, the lowest SBI Home Loan interest rate is 6.70 percent. Loan amount-the EMI amount directly depends on the loan IIQ4Ep. Moreover, you also get access to a chequebook, Debit Card and Internet Banking facilities, to carry out banking transactions, by opting for an Overdraft facility on the Home Loan from ICICI Bank. Apply now for a Money Saver Home Loan and save on the interest payable on your Home Loan . Missed call number 9022499400. Lowest home loan interest rate: 5 State Bank of India (SBI) The largest mortgage lender in India, government-run State Bank of India (SBI) has assisted over 30 lakh families in their home purchases till date. Established in 1955, the lender also has over 24,000 branches in India and abroad. Regular home loan interest rates start from 9.15% per annum at the public sector lender. However, during the ongoing festive offers, the bank offers home loans starting at the interest rate of 8.4% per annum. You can get a discount on top-up home loan also. Under the special campaign, interest rates of the SBI top-up home loan loans start from The following are the key features and benefits of SBI home loans: SBI home loan interest rates are affordable, starting from 8.40% - 10.05% p.a. SBI home loan women's interest rate is lower than that for men. Women get a 5 bps interest concession in interest rate. SBI offers loan amounts up to 80% to 90% of the property’s cost. Low Interest rates. Interest calculation on a daily reducing balance. Home loan also available as an overdraft. Optimally utilize your surplus funds. Low Processing charges. No hidden costs. No Prepayment penalties. Reduce your interest burden by prepaying the loan. SBI Home Loans offers a one stop solution to a home buyer.

home loan rate of interest sbi calculator