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29 Mar 2017

SBI Home Loan 60 Lakh EMI Calculation - Interest Rate @ 8.60%

Compare 60 Lakhs SBI Home Loan EMI after rate Slashed in April 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.
Compare 60 Lakh Home Loan EMI after rate slashed by State Bank of India 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. 60,00,000 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 ₹
₹60,00,000 50,763 9.10% Womens 92,28,987 1,52,28,987
₹60,00,000 48,719 8.60% Womens 86,15,589 1,46,15,589
₹60,00,000 50,970 9.15% Others 92,90,855 1,52,90,855
₹60,00,000 48,922 8.65% Others 86,76,489 1,46,76,489

SBI HOME LOAN 60 LAKH @ 8.60% AMORTIZATION CALCULATION

Loan Amount : ₹60,00,000

Rate of Interest : 8.60%

Loan Tenure : 25 Years

YEAR PRINCIPAL AMOUNT INTEREST AMOUNT TOTAL PAYMENT OUTSTANDING AMOUNT
2017 ₹ 71,394 ₹ 5,13,229 ₹ 5,84,624 ₹ 59,28,606
2018 ₹ 77,782 ₹ 5,06,842 ₹ 5,84,624 ₹ 58,50,824
2019 ₹ 84,741 ₹ 4,99,882 ₹ 5,84,624 ₹ 57,66,083
2020 ₹ 92,323 ₹ 4,92,300 ₹ 5,84,624 ₹ 56,73,760
2021 ₹ 1,00,584 ₹ 4,84,040 ₹ 5,84,624 ₹ 55,73,176
2022 ₹ 1,09,583 ₹ 4,75,041 ₹ 5,84,624 ₹ 54,63,593
2023 ₹ 1,19,388 ₹ 4,65,236 ₹ 5,84,624 ₹ 53,44,205
2024 ₹ 1,30,069 ₹ 4,54,554 ₹ 5,84,624 ₹ 52,14,136
2025 ₹ 1,41,707 ₹ 4,42,916 ₹ 5,84,624 ₹ 50,72,429
2026 ₹ 1,54,386 ₹ 4,30,238 ₹ 5,84,624 ₹ 49,18,043
2027 ₹ 1,68,199 ₹ 4,16,424 ₹ 5,84,624 ₹ 47,49,844
2028 ₹ 1,83,248 ₹ 4,01,375 ₹ 5,84,624 ₹ 45,66,596
2029 ₹ 1,99,644 ₹ 3,84,980 ₹ 5,84,624 ₹ 43,66,952
2030 ₹ 2,17,506 ₹ 3,67,117 ₹ 5,84,624 ₹ 41,49,445
2031 ₹ 2,36,967 ₹ 3,47,656 ₹ 5,84,624 ₹ 39,12,478
2032 ₹ 2,58,169 ₹ 3,26,454 ₹ 5,84,624 ₹ 36,54,309
2033 ₹ 2,81,268 ₹ 3,03,355 ₹ 5,84,624 ₹ 33,73,041
2034 ₹ 3,06,434 ₹ 2,78,190 ₹ 5,84,624 ₹ 30,66,607
2035 ₹ 3,33,851 ₹ 2,50,772 ₹ 5,84,624 ₹ 27,32,756
2036 ₹ 3,63,721 ₹ 2,20,902 ₹ 5,84,624 ₹ 23,69,034
2037 ₹ 3,96,264 ₹ 1,88,359 ₹ 5,84,624 ₹ 19,72,770
2038 ₹ 4,31,719 ₹ 1,52,905 ₹ 5,84,624 ₹ 15,41,051
2039 ₹ 4,70,346 ₹ 1,14,278 ₹ 5,84,624 ₹ 10,70,705
2040 ₹ 5,12,429 ₹ 72,195 ₹ 5,84,624 ₹ 5,58,277
2041 ₹ 5,58,277 ₹ 26,347 ₹ 5,84,624 ₹ 0






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