SBI Home Loan EMI Calculation March 2018 – Interest Rate @ 8.30% – 8.40%

0
43

SBI Home Loan EMI Calculation March 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

LEAVE A REPLY

Please enter your comment!
Please enter your name here