SBI Home Loan Interest Rate - SSPMIS 2021, Old age Pension, Widow Pension, All India State Pension Yojana

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.

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