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2 Jan 2017

SBI Home Loan 30 Lakh EMI Calculation - Interest Rate @ 8.60%

Compare 30 Lakh 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. 30,00,000 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)
₹30,00,000 ₹25,382 9.10% Womens ₹46,14,493 ₹76,14,493
₹30,00,000 ₹24,359 8.60% Womens ₹43,07,794 ₹73,07,794
₹30,00,000 ₹25,485 9.15% Others ₹46,45,427 ₹76,45,427
₹30,00,000 ₹24,461 8.65% Others ₹43,38,244 ₹73,38,244

SBI HOME LOAN AMORTIZATION CALCULATION

Loan Amount : ₹30,00,000

Rate of Interest : 8.60%

Loan Tenure : 25 Years

YEAR PRINCIPAL AMOUNT INTEREST AMOUNT TOTAL PAYMENT OUTSTANDING AMOUNT
2017 ₹ 35,697 ₹ 2,56,615 ₹ 2,92,312 ₹ 29,64,303
2018 ₹ 38,891 ₹ 2,53,421 ₹ 2,92,312 ₹ 29,25,412
2019 ₹ 42,371 ₹ 2,49,941 ₹ 2,92,312 ₹ 28,83,041
2020 ₹ 46,162 ₹ 2,46,150 ₹ 2,92,312 ₹ 28,36,880
2021 ₹ 50,292 ₹ 2,42,020 ₹ 2,92,312 ₹ 27,86,588
2022 ₹ 54,791 ₹ 2,37,520 ₹ 2,92,312 ₹ 27,31,796
2023 ₹ 59,694 ₹ 2,32,618 ₹ 2,92,312 ₹ 26,72,103
2024 ₹ 65,035 ₹ 2,27,277 ₹ 2,92,312 ₹ 26,07,068
2025 ₹ 70,854 ₹ 2,21,458 ₹ 2,92,312 ₹ 25,36,214
2026 ₹ 77,193 ₹ 2,15,119 ₹ 2,92,312 ₹ 24,59,021
2027 ₹ 84,100 ₹ 2,08,212 ₹ 2,92,312 ₹ 23,74,922
2028 ₹ 91,624 ₹ 2,00,688 ₹ 2,92,312 ₹ 22,83,298
2029 ₹ 99,822 ₹ 1,92,490 ₹ 2,92,312 ₹ 21,83,476
2030 ₹ 1,08,753 ₹ 1,83,559 ₹ 2,92,312 ₹ 20,74,723
2031 ₹ 1,18,484 ₹ 1,73,828 ₹ 2,92,312 ₹ 19,56,239
2032 ₹ 1,29,085 ₹ 1,63,227 ₹ 2,92,312 ₹ 18,27,154
2033 ₹ 1,40,634 ₹ 1,51,678 ₹ 2,92,312 ₹ 16,86,520
2034 ₹ 1,53,217 ₹ 1,39,095 ₹ 2,92,312 ₹ 15,33,303
2035 ₹ 1,66,926 ₹ 1,25,386 ₹ 2,92,312 ₹ 13,66,378
2036 ₹ 1,81,861 ₹ 1,10,451 ₹ 2,92,312 ₹ 11,84,517
2037 ₹ 1,98,132 ₹ 94,180 ₹ 2,92,312 ₹ 9,86,385
2038 ₹ 2,15,859 ₹ 76,452 ₹ 2,92,312 ₹ 7,70,526
2039 ₹ 2,35,173 ₹ 57,139 ₹ 2,92,312 ₹ 5,35,353
2040 ₹ 2,56,214 ₹ 36,097 ₹ 2,92,312 ₹ 2,79,138
2041 ₹ 2,79,138 ₹ 13,173 ₹ 2,92,312 ₹ 0

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