SBI Home Loan Interest Rate

SBI Home Loans is the largest Mortgage Lender in India, which has helped over 30 lakh families to achieve the dream of owning a home.

Our Values

  • Trust
  • Transparency
  • Integrity
  • Excellence

Value to Customers

  • Wide Product Range
  • Interest Calculation on Daily Reducing Balance
  • Overdraft Facility available
  • Low Interest Rates
  • Low Processing Fees
  • No Hidden Costs
  • No Pre-payment penalty

Our Presence

  • 24,000+ branches
  • 1600+ member strong dedicated Sales Team

Recognitions

  • Winner of the “Best Home Loan Provider “at the CNBZ Awaaz Real Estate Awards 2016

Features & Benefits SBI Home Loan

  • Packages of exclusive benefits
  • Low-Interest rates. Interest calculation on a daily reducing balance.
  • Home loans are also available as an overdraft. Optimally utilize your surplus funds.
  • Low Processing charges. No hidden costs.
  • No Prepayment Penalties. Reduce your interest burden by prepaying the loan

Apply Online Home Loan

SBI Home Loan Interest Rate

Month Begining Loan Balance EMI Principal Monthly Interest Outstanding Balance
1 ₹ 500000 ₹ 9208 ₹ 7542 ₹ 1667 ₹ 492458
2 ₹ 492458 ₹ 9208 ₹ 7567 ₹ 1642 ₹ 484892
3 ₹ 484892 ₹ 9208 ₹ 7592 ₹ 1616 ₹ 477300
4 ₹ 477300 ₹ 9208 ₹ 7617 ₹ 1591 ₹ 469682

The interest rates will change at quarterly intervals on 1st day of calendar quarter subsequent to the change in RBI’s Repo Rate.

SBI Home Loan Interest Rate

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