SBIMONEY.IN

Compare and Get lowest EMI on Home Loan, Personal Loan, Car Loan, Credit Cards

Updates on Loans, Credit Cards, Share Prices and more...

29 Mar 2017

SBI Home Loan 85 Lakh EMI Calculation - Interest Rate @ 8.60% - 8.65%

SBI Home Loan 85 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 85 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. 85,00,000 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 ₹
₹85,00,000 71,915 9.10% Womens 1,30,74,398 2,15,74,398
₹85,00,000 69,018 8.60 % Womens 1,22,05,417 2,07,05,417
₹85,00,000 72,207 9.15% Others 1,31,62,044 2,16,62,044
₹85,00,000 69,306 8.65% Others 1,22,91,692 2,07,91,692

SBI HOME LOAN 85 LAKH @ 8.60% AMORTIZATION CALCULATION

Loan Amount : ₹85,00,000

Rate of Interest : 8.65 %

Loan Tenure : 25 Years


YEAR PRINCIPAL AMOUNT INTEREST AMOUNT TOTAL PAYMENT OUTSTANDING AMOUNT
2017 ₹ 1,01,142 ₹ 7,27,075 ₹ 8,28,217 ₹ 83,98,858
2018 ₹ 1,10,191 ₹ 7,18,026 ₹ 8,28,217 ₹ 82,88,667
2019 ₹ 1,20,050 ₹ 7,08,167 ₹ 8,28,217 ₹ 81,68,617
2020 ₹ 1,30,791 ₹ 6,97,425 ₹ 8,28,217 ₹ 80,37,826
2021 ₹ 1,42,493 ₹ 6,85,723 ₹ 8,28,217 ₹ 78,95,333
2022 ₹ 1,55,243 ₹ 6,72,974 ₹ 8,28,217 ₹ 77,40,090
2023 ₹ 1,69,132 ₹ 6,59,084 ₹ 8,28,217 ₹ 75,70,958
2024 ₹ 1,84,265 ₹ 6,43,952 ₹ 8,28,217 ₹ 73,86,693
2025 ₹ 2,00,752 ₹ 6,27,465 ₹ 8,28,217 ₹ 71,85,941
2026 ₹ 2,18,713 ₹ 6,09,503 ₹ 8,28,217 ₹ 69,67,228
2027 ₹ 2,38,282 ₹ 5,89,935 ₹ 8,28,217 ₹ 67,28,945
2028 ₹ 2,59,602 ₹ 5,68,615 ₹ 8,28,217 ₹ 64,69,344
2029 ₹ 2,82,829 ₹ 5,45,388 ₹ 8,28,217 ₹ 61,86,515
2030 ₹ 3,08,134 ₹ 5,20,083 ₹ 8,28,217 ₹ 58,78,381
2031 ₹ 3,35,704 ₹ 4,92,513 ₹ 8,28,217 ₹ 55,42,677
2032 ₹ 3,65,740 ₹ 4,62,477 ₹ 8,28,217 ₹ 51,76,938
2033 ₹ 3,98,463 ₹ 4,29,754 ₹ 8,28,217 ₹ 47,78,474
2034 ₹ 4,34,115 ₹ 3,94,102 ₹ 8,28,217 ₹ 43,44,360
2035 ₹ 4,72,956 ₹ 3,55,261 ₹ 8,28,217 ₹ 38,71,404
2036 ₹ 5,15,272 ₹ 3,12,945 ₹ 8,28,217 ₹ 33,56,132
2037 ₹ 5,61,375 ₹ 2,66,842 ₹ 8,28,217 ₹ 27,94,758
2038 ₹ 6,11,602 ₹ 2,16,615 ₹ 8,28,217 ₹ 21,83,156
2039 ₹ 6,66,323 ₹ 1,61,893 ₹ 8,28,217 ₹ 15,16,833
2040 ₹ 7,25,941 ₹ 1,02,276 ₹ 8,28,217 ₹ 7,90,892
2041 ₹ 7,90,892 ₹ 37,325 ₹ 8,28,217 ₹ 0



No comments:
Write comments