EMI: ₹1,73,565/month at 8.5%. Min income: ₹3,33,779/month.
A ₹2 Crore home loan from SBI at 8.5% interest for 20 years will cost you ₹1,73,565 per month as EMI. You will pay a total interest of ₹2,16,55,600 over the loan tenure. The minimum monthly income needed is ₹3,33,779 (assuming no existing EMIs).
SBI Home Loan EMI for ₹2 Crore at 8.5% for 20 years is ₹1,73,565 per month.
You need a minimum monthly income of ₹3,33,779 for a ₹2 Crore home loan from SBI (at 8.5% rate, assuming no existing EMIs).
The total interest payable on ₹2 Crore home loan from SBI at 8.5% for 20 years is ₹2,16,55,600.
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.