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2 Jan 2017

SBI Home Loan 20 Lakh EMI Calculation - Interest Rate @ 8.60%

Compare 20 Lakhs SBI Home Loan EMI after rate Slashed in January 2017 - It's first time ever interest rate slashed on home loan by State Bank of India from 9.10% to 8.60%. Now a customer have to check & Compare home loan emi on the premise of ✓ Loan Amount ✓ Interest Rate ✓ Tenure & more.

Lender Name State Bank of India
Product Description Home Loan
Current Interest Rate 8.60% - 8.65%
Previous Interest Rate 9.10% - 9.15%
Current 1 Year MCLR 8.00%
Previous 1 Year MCLR 8.90%
Official Website www.sbi.co.in
Now if a customer apply for home loan for an amount Rs. 20,00,000 and interest rate charged by State Bank of India is 8.60% for 300 months (25 Years) loan tenure. Now a customer have to change ✓ Loan EMI ✓ Total Interest Amount & more. 
Loan Amount Loan EMI Interest Rate Category Total Interest Payable Total Payment
(Principal + Interest)
₹20,00,000 ₹16,921 9.10% Womens ₹30,76,329 ₹50,76,329
₹20,00,000 ₹16,240 8.60% Womens ₹28,71,863 ₹48,71,863
₹20,00,000 ₹16,990 9.15% Others ₹30,96,952 ₹50,96,952
₹20,00,000 ₹16,307 8.65% Others ₹28,92,163 ₹48,92,163

SBI HOME LOAN AMORTIZATION CALCULATION

Loan Amount : ₹20,00,000

Rate of Interest : 8.60%

Loan Tenure : 25 Years

YEAR PRINCIPAL AMOUNT INTEREST AMOUNT TOTAL PAYMENT OUTSTANDING AMOUNT
2017 ₹ 23,798 ₹ 1,71,076 ₹ 1,94,875 ₹ 19,76,202
2018 ₹ 25,927 ₹ 1,68,947 ₹ 1,94,875 ₹ 19,50,275
2019 ₹ 28,247 ₹ 1,66,627 ₹ 1,94,875 ₹ 19,22,028
2020 ₹ 30,774 ₹ 1,64,100 ₹ 1,94,875 ₹ 18,91,253
2021 ₹ 33,528 ₹ 1,61,347 ₹ 1,94,875 ₹ 18,57,725
2022 ₹ 36,528 ₹ 1,58,347 ₹ 1,94,875 ₹ 18,21,198
2023 ₹ 39,796 ₹ 1,55,079 ₹ 1,94,875 ₹ 17,81,402
2024 ₹ 43,356 ₹ 1,51,518 ₹ 1,94,875 ₹ 17,38,045
2025 ₹ 47,236 ₹ 1,47,639 ₹ 1,94,875 ₹ 16,90,810
2026 ₹ 51,462 ₹ 1,43,413 ₹ 1,94,875 ₹ 16,39,348
2027 ₹ 56,066 ₹ 1,38,808 ₹ 1,94,875 ₹ 15,83,281
2028 ₹ 61,083 ₹ 1,33,792 ₹ 1,94,875 ₹ 15,22,199
2029 ₹ 66,548 ₹ 1,28,327 ₹ 1,94,875 ₹ 14,55,651
2030 ₹ 72,502 ₹ 1,22,372 ₹ 1,94,875 ₹ 13,83,148
2031 ₹ 78,989 ₹ 1,15,885 ₹ 1,94,875 ₹ 13,04,159
2032 ₹ 86,056 ₹ 1,08,818 ₹ 1,94,875 ₹ 12,18,103
2033 ₹ 93,756 ₹ 1,01,118 ₹ 1,94,875 ₹ 11,24,347
2034 ₹ 1,02,145 ₹ 92,730 ₹ 1,94,875 ₹ 10,22,202
2035 ₹ 1,11,284 ₹ 83,591 ₹ 1,94,875 ₹ 9,10,919
2036 ₹ 1,21,240 ₹ 73,634 ₹ 1,94,875 ₹ 7,89,678
2037 ₹ 1,32,088 ₹ 62,786 ₹ 1,94,875 ₹ 6,57,590
2038 ₹ 1,43,906 ₹ 50,968 ₹ 1,94,875 ₹ 5,13,684
2039 ₹ 1,56,782 ₹ 38,093 ₹ 1,94,875 ₹ 3,56,902
2040 ₹ 1,70,810 ₹ 24,065 ₹ 1,94,875 ₹ 1,86,092
2041 ₹ 1,86,092 ₹ 8,782 ₹ 1,94,875 ₹ 0

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