EMI: ₹26,035/month at 8.5%. Min income: ₹50,068/month.
A ₹30 Lakh home loan from SBI at 8.5% interest for 20 years will cost you ₹26,035 per month as EMI. You will pay a total interest of ₹32,48,400 over the loan tenure. The minimum monthly income needed is ₹50,068 (assuming no existing EMIs).
SBI Home Loan EMI for ₹30 Lakh at 8.5% for 20 years is ₹26,035 per month.
You need a minimum monthly income of ₹50,068 for a ₹30 Lakh home loan from SBI (at 8.5% rate, assuming no existing EMIs).
The total interest payable on ₹30 Lakh home loan from SBI at 8.5% for 20 years is ₹32,48,400.
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.