EMI: ₹21,696/month at 8.5%. Min income: ₹41,724/month.
A ₹25 Lakh home loan from SBI at 8.5% interest for 20 years will cost you ₹21,696 per month as EMI. You will pay a total interest of ₹27,07,040 over the loan tenure. The minimum monthly income needed is ₹41,724 (assuming no existing EMIs).
SBI Home Loan EMI for ₹25 Lakh at 8.5% for 20 years is ₹21,696 per month.
You need a minimum monthly income of ₹41,724 for a ₹25 Lakh home loan from SBI (at 8.5% rate, assuming no existing EMIs).
The total interest payable on ₹25 Lakh home loan from SBI at 8.5% for 20 years is ₹27,07,040.
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.