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2 Jan 2017

SBI Home Loan 55 Lakh EMI Calculator - Interest Rate @ 8.60% - 8.65%

SBI Home Loan 55 Lakh EMI Calculator - Interest Rate @ 8.60% - 8.65% - It's first time ever interest rate slashed on home loan by State Bank of India from 9.10%-9.15% to 8.60%-8.65%. Now a customer have to check & Compare home loan emi on the premise of ✓ Loan Amount ✓ Interest Rate ✓ Tenure & more.
Compare 55 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. 55,00,000 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 ₹
₹55,00,000 46,533 9.10% Womens 84,59,904 1,39,59,904
₹55,00,000 44,659 8.60% Womens 78,97,623 1,33,97,623
₹55,00,000 46,722 9.15% Others 85,16,617 1,40,16,617
₹55,00,000 44,845 8.65% Others 79,53,448 1,34,53,448

SBI HOME LOAN 55 LAKH @ 8.60% AMORTIZATION CALCULATION

Loan Amount : ₹55,00,000

Rate of Interest : 8.60%

Loan Tenure : 25 Years

YEAR PRINCIPAL AMOUNT INTEREST AMOUNT TOTAL PAYMENT OUTSTANDING AMOUNT
2017 ₹ 65,445 ₹ 4,70,460 ₹ 5,35,905 ₹ 54,34,555
2018 ₹ 71,300 ₹ 4,64,605 ₹ 5,35,905 ₹ 53,63,255
2019 ₹ 77,679 ₹ 4,58,225 ₹ 5,35,905 ₹ 52,85,576
2020 ₹ 84,630 ₹ 4,51,275 ₹ 5,35,905 ₹ 52,00,946
2021 ₹ 92,202 ₹ 4,43,703 ₹ 5,35,905 ₹ 51,08,745
2022 ₹ 1,00,451 ₹ 4,35,454 ₹ 5,35,905 ₹ 50,08,294
2023 ₹ 1,09,439 ₹ 4,26,466 ₹ 5,35,905 ₹ 48,98,855
2024 ₹ 1,19,230 ₹ 4,16,675 ₹ 5,35,905 ₹ 47,79,625
2025 ₹ 1,29,898 ₹ 4,06,007 ₹ 5,35,905 ₹ 46,49,726
2026 ₹ 1,41,520 ₹ 3,94,385 ₹ 5,35,905 ₹ 45,08,206
2027 ₹ 1,54,183 ₹ 3,81,722 ₹ 5,35,905 ₹ 43,54,024
2028 ₹ 1,67,978 ₹ 3,67,927 ₹ 5,35,905 ₹ 41,86,046
2029 ₹ 1,83,007 ₹ 3,52,898 ₹ 5,35,905 ₹ 40,03,039
2030 ₹ 1,99,381 ₹ 3,36,524 ₹ 5,35,905 ₹ 38,03,658
2031 ₹ 2,17,220 ₹ 3,18,685 ₹ 5,35,905 ₹ 35,86,438
2032 ₹ 2,36,655 ₹ 2,99,250 ₹ 5,35,905 ₹ 33,49,783
2033 ₹ 2,57,829 ₹ 2,78,076 ₹ 5,35,905 ₹ 30,91,954
2034 ₹ 2,80,898 ₹ 2,55,007 ₹ 5,35,905 ₹ 28,11,056
2035 ₹ 3,06,030 ₹ 2,29,875 ₹ 5,35,905 ₹ 25,05,026
2036 ₹ 3,33,411 ₹ 2,02,494 ₹ 5,35,905 ₹ 21,71,615
2037 ₹ 3,63,242 ₹ 1,72,663 ₹ 5,35,905 ₹ 18,08,373
2038 ₹ 3,95,742 ₹ 1,40,163 ₹ 5,35,905 ₹ 14,12,630
2039 ₹ 4,31,150 ₹ 1,04,755 ₹ 5,35,905 ₹ 9,81,480
2040 ₹ 4,69,726 ₹ 66,179 ₹ 5,35,905 ₹ 5,11,754
2041 ₹ 5,11,754 ₹ 24,151 ₹ 5,35,905 ₹ 0





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