Monthly EMI: ₹8,678 at 8.5% for 20 years. Total interest: ₹10,82,720.
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With a ₹10 Lakh home loan from SBI at 8.5% for 20 years, you will pay a monthly EMI of ₹8,678. The total amount payable is ₹20,82,720, of which ₹10,82,720 is interest.
At 8.5% interest rate for 20 years, the EMI for ₹10 Lakh Home Loan from SBI is ₹8,678 per month. Total interest payable: ₹10,82,720.
SBI offers Home Loan at 8.50 - 9.85% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹10 Lakh at 8.5% for 20 years, you would pay approximately ₹10,82,720 as total interest, making the total repayment ₹20,82,720.
SBI's prepayment policy for Home Loan: Nil for floating rate loans. Making prepayments can significantly reduce your total interest outgo.
SBI offers competitive rates starting from 8.50 - 9.85% with tenure up to 30 years. Compare with other banks on this page to find the best option for your ₹10 Lakh home loan.