SBI Home Loan 40 Lakh EMI Details – Interest Rate @ 8.30%

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Compare 40 Lakh SBI Home Loan EMI March 2018 – It’s first time ever interest rate slashed on home loan by State Bank of India from 8.35% to 8.30%. Now a customer have to check & Compare home loan emi on the premise of ✓ Loan Amount ✓ Interest Rate ✓ Tenure & more.

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Lender Name State Bank of India
Product Description Home Loan
Current Interest Rate 8.30% – 8.35%
Previous Interest Rate 8.60% – 8.65%
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. 40,00,000 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 Interest Rate Category Total Interest Payable Total Payment
(Principal + Interest)
₹40,00,000 ₹33,842 9.10% Womens ₹61,52,658 ₹1,01,52,658
₹40,00,000 ₹32,479 8.60% Womens ₹57,43,726 ₹97,43,726
₹40,00,000 ₹33,980 9.15% Others ₹61,93,903 ₹1,01,93,903
₹40,00,000 ₹32,614 8.65% Others ₹57,84,326 ₹97,84,326

SBI HOME LOAN AMORTIZATION CALCULATION

Loan Amount : ₹40,00,000

Rate of Interest : 8.60%

Loan Tenure : 25 Years

YEAR PRINCIPAL AMOUNT INTEREST AMOUNT TOTAL PAYMENT OUTSTANDING AMOUNT
2017 ₹ 47,596 ₹ 3,42,153 ₹ 3,89,749 ₹ 39,52,404
2018 ₹ 51,855 ₹ 3,37,894 ₹ 3,89,749 ₹ 39,00,549
2019 ₹ 56,494 ₹ 3,33,255 ₹ 3,89,749 ₹ 38,44,055
2020 ₹ 61,549 ₹ 3,28,200 ₹ 3,89,749 ₹ 37,82,506
2021 ₹ 67,056 ₹ 3,22,693 ₹ 3,89,749 ₹ 37,15,451
2022 ₹ 73,055 ₹ 3,16,694 ₹ 3,89,749 ₹ 36,42,395
2023 ₹ 79,592 ₹ 3,10,157 ₹ 3,89,749 ₹ 35,62,804
2024 ₹ 86,713 ₹ 3,03,036 ₹ 3,89,749 ₹ 34,76,091
2025 ₹ 94,471 ₹ 2,95,278 ₹ 3,89,749 ₹ 33,81,619
2026 ₹ 1,02,924 ₹ 2,86,825 ₹ 3,89,749 ₹ 32,78,695
2027 ₹ 1,12,133 ₹ 2,77,616 ₹ 3,89,749 ₹ 31,66,563
2028 ₹ 1,22,166 ₹ 2,67,584 ₹ 3,89,749 ₹ 30,44,397
2029 ₹ 1,33,096 ₹ 2,56,653 ₹ 3,89,749 ₹ 29,11,301
2030 ₹ 1,45,004 ₹ 2,44,745 ₹ 3,89,749 ₹ 27,66,297
2031 ₹ 1,57,978 ₹ 2,31,771 ₹ 3,89,749 ₹ 26,08,319
2032 ₹ 1,72,113 ₹ 2,17,636 ₹ 3,89,749 ₹ 24,36,206
2033 ₹ 1,87,512 ₹ 2,02,237 ₹ 3,89,749 ₹ 22,48,694
2034 ₹ 2,04,289 ₹ 1,85,460 ₹ 3,89,749 ₹ 20,44,405
2035 ₹ 2,22,567 ₹ 1,67,182 ₹ 3,89,749 ₹ 18,21,837
2036 ₹ 2,42,481 ₹ 1,47,268 ₹ 3,89,749 ₹ 15,79,356
2037 ₹ 2,64,176 ₹ 1,25,573 ₹ 3,89,749 ₹ 13,15,180
2038 ₹ 2,87,813 ₹ 1,01,936 ₹ 3,89,749 ₹ 10,27,367
2039 ₹ 3,13,564 ₹ 76,185 ₹ 3,89,749 ₹ 7,13,804
2040 ₹ 3,41,619 ₹ 48,130 ₹ 3,89,749 ₹ 3,72,184
2041 ₹ 3,72,184 ₹ 17,565 ₹ 3,89,749 ₹ 0

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