EMI: ₹39,052/month at 8.5%. Min income: ₹75,100/month.
A ₹45 Lakh home loan from SBI at 8.5% interest for 20 years will cost you ₹39,052 per month as EMI. You will pay a total interest of ₹48,72,480 over the loan tenure. The minimum monthly income needed is ₹75,100 (assuming no existing EMIs).
SBI Home Loan EMI for ₹45 Lakh at 8.5% for 20 years is ₹39,052 per month.
You need a minimum monthly income of ₹75,100 for a ₹45 Lakh home loan from SBI (at 8.5% rate, assuming no existing EMIs).
The total interest payable on ₹45 Lakh home loan from SBI at 8.5% for 20 years is ₹48,72,480.
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.