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27 Mar 2017

SBI Home Loan 70 Lakh EMI Calculator - Interest Rate @ 8.60% - 8.65%

SBI Home Loan 70 Lakh EMI Calculator April 2017 - 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 70 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. 70,00,000 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 ₹
₹70,00,000 59,224 9.10% Womens 1,07,67,151 1,77,67,151
₹70,00,000 56,838 8.60 % Womens 1,00,51,520 1,70,51,520
₹70,00,000 59,464 9.15% Others 1,08,39,331 1,78,39,331
₹70,00,000 57,075 8.65% Others 1,01,22,570 1,71,22,570

SBI HOME LOAN 70 LAKH @ 8.60% AMORTIZATION CALCULATION

Loan Amount : ₹70,00,000

Rate of Interest : 8.65 %

Loan Tenure : 25 Years
YEAR PRINCIPAL AMOUNT INTEREST AMOUNT TOTAL PAYMENT OUTSTANDING AMOUNT
2017 ₹ 83,293 ₹ 5,98,768 ₹ 6,82,061 ₹ 69,16,707
2018 ₹ 90,746 ₹ 5,91,315 ₹ 6,82,061 ₹ 68,25,961
2019 ₹ 98,865 ₹ 5,83,196 ₹ 6,82,061 ₹ 67,27,097
2020 ₹ 1,07,710 ₹ 5,74,350 ₹ 6,82,061 ₹ 66,19,386
2021 ₹ 1,17,347 ₹ 5,64,713 ₹ 6,82,061 ₹ 65,02,039
2022 ₹ 1,27,847 ₹ 5,54,214 ₹ 6,82,061 ₹ 63,74,192
2023 ₹ 1,39,286 ₹ 5,42,775 ₹ 6,82,061 ₹ 62,34,906
2024 ₹ 1,51,748 ₹ 5,30,313 ₹ 6,82,061 ₹ 60,83,159
2025 ₹ 1,65,325 ₹ 5,16,736 ₹ 6,82,061 ₹ 59,17,834
2026 ₹ 1,80,117 ₹ 5,01,944 ₹ 6,82,061 ₹ 57,37,717
2027 ₹ 1,96,232 ₹ 4,85,828 ₹ 6,82,061 ₹ 55,41,484
2028 ₹ 2,13,790 ₹ 4,68,271 ₹ 6,82,061 ₹ 53,27,695
2029 ₹ 2,32,918 ₹ 4,49,143 ₹ 6,82,061 ₹ 50,94,777
2030 ₹ 2,53,758 ₹ 4,28,303 ₹ 6,82,061 ₹ 48,41,019
2031 ₹ 2,76,462 ₹ 4,05,599 ₹ 6,82,061 ₹ 45,64,558
2032 ₹ 3,01,197 ₹ 3,80,863 ₹ 6,82,061 ₹ 42,63,360
2033 ₹ 3,28,146 ₹ 3,53,915 ₹ 6,82,061 ₹ 39,35,214
2034 ₹ 3,57,506 ₹ 3,24,555 ₹ 6,82,061 ₹ 35,77,708
2035 ₹ 3,89,493 ₹ 2,92,568 ₹ 6,82,061 ₹ 31,88,215
2036 ₹ 4,24,342 ₹ 2,57,719 ₹ 6,82,061 ₹ 27,63,874
2037 ₹ 4,62,308 ₹ 2,19,752 ₹ 6,82,061 ₹ 23,01,565
2038 ₹ 5,03,672 ₹ 1,78,389 ₹ 6,82,061 ₹ 17,97,893
2039 ₹ 5,48,737 ₹ 1,33,324 ₹ 6,82,061 ₹ 12,49,156
2040 ₹ 5,97,833 ₹ 84,227 ₹ 6,82,061 ₹ 6,51,323
2041 ₹ 6,51,323 ₹ 30,738 ₹ 6,82,061 ₹ 0









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