EMI: ₹30,374/month at 8.5%. Min income: ₹58,412/month.
A ₹35 Lakh home loan from SBI at 8.5% interest for 20 years will cost you ₹30,374 per month as EMI. You will pay a total interest of ₹37,89,760 over the loan tenure. The minimum monthly income needed is ₹58,412 (assuming no existing EMIs).
SBI Home Loan EMI for ₹35 Lakh at 8.5% for 20 years is ₹30,374 per month.
You need a minimum monthly income of ₹58,412 for a ₹35 Lakh home loan from SBI (at 8.5% rate, assuming no existing EMIs).
The total interest payable on ₹35 Lakh home loan from SBI at 8.5% for 20 years is ₹37,89,760.
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.