EMI: ₹65,087/month at 8.5%. Min income: ₹1,25,168/month.
A ₹75 Lakh home loan from SBI at 8.5% interest for 20 years will cost you ₹65,087 per month as EMI. You will pay a total interest of ₹81,20,880 over the loan tenure. The minimum monthly income needed is ₹1,25,168 (assuming no existing EMIs).
SBI Home Loan EMI for ₹75 Lakh at 8.5% for 20 years is ₹65,087 per month.
You need a minimum monthly income of ₹1,25,168 for a ₹75 Lakh home loan from SBI (at 8.5% rate, assuming no existing EMIs).
The total interest payable on ₹75 Lakh home loan from SBI at 8.5% for 20 years is ₹81,20,880.
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.