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2 Jan 2017

SBI Home Loan 50 Lakh EMI Calculator - Interest Rate @ 8.30%

SBI Home Loan 50 Lakh EMI Calculator - Interest Rate @ 8.30% - It's first time ever interest rate slashed on home loan by State Bank of India from 8.35% to 8.30%.





Now a customer have to check & Compare home loan emi on the premise of ✓ Loan Amount ✓ Interest Rate ✓ Tenure & more.
Compare 50 Lakh SBI Home Loan EMI after rate Slashed in January 2017

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. 50,00,000 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 in ₹ Interest Rate Category Total Interest Payable in ₹ Total Payment
(Principal + Interest) in ₹
₹50,00,000 42,303 9.10% Womens 76,90,822 1,26,90,822
₹50,00,000 40,599 8.60% Womens 71,79,657 1,21,79,657
₹50,00,000 42,475 9.15% Others 77,42,379 1,27,42,379
₹50,00,000 40,768 8.65% Others 72,30,407 1,22,30,407

SBI HOME LOAN AMORTIZATION CALCULATION

Loan Amount : ₹50,00,000

Rate of Interest : 8.60%

Loan Tenure : 25 Years

YEAR PRINCIPAL AMOUNT INTEREST AMOUNT TOTAL PAYMENT OUTSTANDING AMOUNT
2017 ₹ 59,495 ₹ 4,27,691 ₹ 4,87,186 ₹ 49,40,505
2018 ₹ 64,818 ₹ 4,22,368 ₹ 4,87,186 ₹ 48,75,687
2019 ₹ 70,618 ₹ 4,16,569 ₹ 4,87,186 ₹ 48,05,069
2020 ₹ 76,936 ₹ 4,10,250 ₹ 4,87,186 ₹ 47,28,133
2021 ₹ 83,820 ₹ 4,03,367 ₹ 4,87,186 ₹ 46,44,313
2022 ₹ 91,319 ₹ 3,95,867 ₹ 4,87,186 ₹ 45,52,994
2023 ₹ 99,490 ₹ 3,87,697 ₹ 4,87,186 ₹ 44,53,504
2024 ₹ 1,08,391 ₹ 3,78,795 ₹ 4,87,186 ₹ 43,45,113
2025 ₹ 1,18,089 ₹ 3,69,097 ₹ 4,87,186 ₹ 42,27,024
2026 ₹ 1,28,655 ₹ 3,58,531 ₹ 4,87,186 ₹ 40,98,369
2027 ₹ 1,40,166 ₹ 3,47,020 ₹ 4,87,186 ₹ 39,58,203
2028 ₹ 1,52,707 ₹ 3,34,479 ₹ 4,87,186 ₹ 38,05,496
2029 ₹ 1,66,370 ₹ 3,20,816 ₹ 4,87,186 ₹ 36,39,126
2030 ₹ 1,81,255 ₹ 3,05,931 ₹ 4,87,186 ₹ 34,57,871
2031 ₹ 1,97,473 ₹ 2,89,714 ₹ 4,87,186 ₹ 32,60,398
2032 ₹ 2,15,141 ₹ 2,72,045 ₹ 4,87,186 ₹ 30,45,257
2033 ₹ 2,34,390 ₹ 2,52,796 ₹ 4,87,186 ₹ 28,10,867
2034 ₹ 2,55,361 ₹ 2,31,825 ₹ 4,87,186 ₹ 25,55,506
2035 ₹ 2,78,209 ₹ 2,08,977 ₹ 4,87,186 ₹ 22,77,297
2036 ₹ 3,03,101 ₹ 1,84,085 ₹ 4,87,186 ₹ 19,74,195
2037 ₹ 3,30,220 ₹ 1,56,966 ₹ 4,87,186 ₹ 16,43,975
2038 ₹ 3,59,766 ₹ 1,27,420 ₹ 4,87,186 ₹ 12,84,209
2039 ₹ 3,91,955 ₹ 95,231 ₹ 4,87,186 ₹ 8,92,254
2040 ₹ 4,27,024 ₹ 60,162 ₹ 4,87,186 ₹ 4,65,231
2041 ₹ 4,65,231 ₹ 21,956 ₹ 4,87,186 ₹ 0




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