EMI: ₹1,30,173/month at 8.5%. Min income: ₹2,50,333/month.
A ₹1.5 Crore home loan from SBI at 8.5% interest for 20 years will cost you ₹1,30,173 per month as EMI. You will pay a total interest of ₹1,62,41,520 over the loan tenure. The minimum monthly income needed is ₹2,50,333 (assuming no existing EMIs).
SBI Home Loan EMI for ₹1.5 Crore at 8.5% for 20 years is ₹1,30,173 per month.
You need a minimum monthly income of ₹2,50,333 for a ₹1.5 Crore home loan from SBI (at 8.5% rate, assuming no existing EMIs).
The total interest payable on ₹1.5 Crore home loan from SBI at 8.5% for 20 years is ₹1,62,41,520.
SBI charges a processing fee of 0.35% of loan amount + GST (min ₹2,000, max ₹10,000) for Home Loan.
SBI Home Loan prepayment policy: Nil for floating rate loans.