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25 Jan 2018

SBI Home Loan EMI Calculation Feb 2018 - Interest Rate @ 8.30% - 8.40%

SBI Home Loan EMI Calculation February 2018 - State Bank of India offers a very special interest rate for opting home loan up to Rs. 30 lacs @ 8.30% (For women category) with lowest emi per lac Rs. 755/- and 8.40% (For others categories) and the lowest emi would be Rs. 762/lac.

Note that the special interest rate on home loan valid upto 31.07.2017.

Bank Name: State Bank of India

Product: Home Loan

Interest Rate: 8.30% - 8.40%

Official Website: www.sbi.co.in

Category wise per lac loan calculation for the tenure 30 years:

  1. Floating Interest Rate Structure (Term Loans): For Salaried Borrowers (%):
 CATEGORY Upto ₹30 lacs
Women
35 bps above 1 year MCLR, ER: 8.35
Loan Amount ₹100000
Interest Rate 8.35%
Category Women
Loan Tenure 30 years
Loan EMI ₹758
Total Interest Payable ₹1,72,991
Total Payment ₹2,72,991
 
 CATEGORY Upto ₹30 lacs
Others
40 bps above 1 year MCLR, ER: 8.40
Loan Amount ₹100000
Interest Rate 8.40%
Category Others
Loan Tenure 30 years
Loan EMI ₹762
Total Interest Payable ₹1,74,262
Total Payment ₹2,74,262
2. Floating Interest Rate Structure (Term Loans): Non-Salaried Borrowers (%):
 CATEGORY Upto ₹30 lacs
Women
50 bps above 1 year MCLR, ER: 8.50
Loan Amount ₹100000
Interest Rate 8.50%
Category Women
Loan Tenure 30 years
Loan EMI ₹769
Total Interest Payable ₹1,76,809
Total Payment ₹2,76,809
 CATEGORY Upto ₹30 lacs
Others
55 bps above 1 year MCLR, ER: 8.55
Loan Amount ₹100000
Interest Rate 8.55%
Category Others
Loan Tenure 30 years
Loan EMI ₹772
Total Interest Payable ₹1,78,086
Total Payment ₹2,78,086

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