State Bank Of India (SBI) Home Loan, Interest Rate and EMI Calculator April 2017

 

(Updated on 01.04.17) State Bank Of India home loan and EMI Calculator April 2017 – Get Instant Quick & Easy Approval on SBI Home Loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of ✓Interest Rate ✓Loan Tenure ✓Processing Fee ✓Eligibility ✓Best Offers & more.

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Disclaimer: We do not provide Home Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

** SBI Home Loan Interest Rate for Women Borrowers is @ 8.50% p.a and others @ 8.55% **

**SBI, CREDAI ink MoU for concessional loan for housing projects**

State Bank Of India (SBI) Home Loan

State Bank of India is a government owned public sector banking and financial services company headquartered in Mumbai. It is the largest bank in India and has branches across India as well as overseas. 

State Bank Of India Home Loan is the most preferred and enchanting home loan creatively designed to provide home loans to all categories customers to have a house/flat of their own. State Bank of India offers an eclectic array of home loan products to its customers at the most affordable & tempting Home Loan Interest Rates. SBI Home Loan comes with customized home loan features such as low processing charges, exciting offers, no hidden charges, no pre-payment penalties and lots more. Check out your Home Loan Eligibility for country’s best home loan with SBI Home Loan Eligibility Calculator and get the best deal.

If you are thinking of taking a personal loan and Car loan , SBI Personal Loan and SBI Car Loan will be the best one to opt for.

State Bank India home loan Interest Rate

Type of Borrowers

Home Loan (Term Loan)2 years Fixed Interest Loans up to Rs. 30 lacs

Floating Rate Loans Up to Rs.75 lacs

Floating Rate Loans above Rs.75 lacs

Maxgain above Rs. 20 lacs & up to Rs. 75 Lacs

Loans above Rs.75 lacs

CRE Max gain irrespective of loan amount

Women

8.50% for first two years thereafter linked to floating rate.

0.60% above 1 year MCLR, effective rate 8.60% p.a.

0.65% above 1 year MCLR, effective rate 8.65% p.a.

0.75% above 1 year MCLR, effective rate 8.75% p.a.

0.95% above 1 year MCLR, effective rate 8.95% p.a

1.05% above 1 year MCLR, effective rate 9.05% p.a

Others

8.55% for first two years thereafter linked to floating rate.

0.65% above 1 year MCLR, effective rate 8.65% p.a.

0.65% above 1 year MCLR, effective rate 8.70% p.a

0.80% above 1 year MCLR, effective rate 8.80% p.a.

1% above 1 year MCLR, effective rate 9% p.a.

1.10% above 1 year MCLR, effective rate 9.10% p.a

SBI Home Loan Under CLSS-MIG Scheme

you have opt for a home loan amount of Rs. 20 lakhs at the interest rate of 8.60% from SBI for 20 years. Now, on this loan amount of Rs. 20 lakhs, you will get an interest subsidy of 4% on the loan amount of Rs. 9 lakhs out of the 20 lakhs loan amount. For the rest amount, you will get an interest subvention of 3% for next loan amount of 3 lakhs out of the 20 lakhs loan amount. The remaining 8 lakhs loan amount will be calculated at normal interest rate of 8.60%.

Under the CLSS-MIG Scheme the total monthly EMI and interest amount reduced in below tables

Loan Amount Loan Tenure Monthly EMI Total Interest
Rs 20,00,000(CLSS-MIG) 20 RS 14,817 RS 15,55,956
Rs 20,00,000 (Without CLSS-MIG) 20 Rs 17,483 Rs 21,95,981

EMI and Interest Rates are Reduced By Rs 2,666 and Rs 6,40,025

State Bank Of India Home Loan Schemes 

SBI MaxGain Home Loan

  • SBI MaxGain home loan is sanctioned as an Overdraft with added flexibility to operate the Home Loan Account like SB or Current Account. State Bank of India also provides Cheque Book/Net Banking facility for the purpose.

  • SBI MaxGain minimum home Loan amount is Rs.20 lacs

  • There is no maximum Loan Cap for SBI MaxGain.

  • The product enables customers to park their surplus funds/savings in SBI Maxgain.

  • Higher Liquidity, Savings on total interest paid.

  • No preclosure fee for SBI MaxGain Home Loan.

  • Internet banking and cheque book facility are provided with this home loan.

SBI Yuva Home Loan

  • The SBI Yuva home loan scheme provides a 20% higher amount of loan.
  • SBI Yuva home loan for first time home loan borrowers. 
  • To apply for this loan your age should in between 21 to 45 years, and the minimum net monthly income should be Rs.30,000.
  • SBI Yuva home loan is available to salaried employees of the private sector companies, multi-national corporations, government undertakings, and government employees.
  • Floating Rate of Interest applicable for this loan.

SBI NRI Home Loan

  • SBI NRI Home Loan Exclusively for Non-Resident Indians (NRIs) or Persons of Indian Origin(PIOs) with a regular source of Income is eligible.

  • The applicants’ employment tenure in India/Abroad should not be less than 2 years.

  • The Minimum loan amount is Rs. 3 Lakhs & there is no upper cap on maximum loan amount for SBI NRI Home Loan.

  • Other terms and conditions are in compliance with general SBI home Loan. 

SBI REALTY Home Loan

  • SBI Realty home Loan can be availed for construction of houses. Construction of house should start within 2 years from the date of availing the home loan.

  • Customers are also eligible to avail another Home Loan for construction of houses on the plots financed under the SBI Realty.

  • The maximum home loan amount is Rs. 10 crores.

  • SBI Realty home loan repayment period is 15 years.

  • No preclosure fee. 

SBI Pal Home Loan (Pre-Approved Home Loan)

SBI Pal Home Loan is offered based on applicant’s income and repayment capacity. A processing fee is to be paid at the time of loan sanction which is non-refundable once paid. The minimum amount of loan granted under SBI Pal Home Loan is 10 lakhs and there is no limit on the maximum amount. The loan will be provided according to the income credibility of the applicant.

  • Pre-approved loan arrangement letter (PLAL) will be valid for a period of 4 months.

  • Pre-approved loan arrangement letter (PLAL) will carry the eligible loan amount calculated on the basis of prevailing interest rates.

SBI Tribal Plus Home Loan

SBI tribal plus home loan scheme is available for the purchase of a new house without the condition of mortgaging the land. SBI Tribal Plus Home Loan is designed for hilly or tribal areas. No minimum limit is there for the loan and the maximum amount of loan is capped at Rs.10 lakhs.http://www.loansninsurances.com/articles/tools-calculators/sbi-home-loan-emi-calculator/

  • Repayment of SBI Tribal Plus home loan amount can be done up to 15 years.

  • Processing Charges are waived under the Gram Niwas Scheme for those who availing this loan. 

SBI Gram Niwas Home Loan

SBI Gram Niwas Home loan is granted for purchase or construction of new house, repair or renovation to an existing house. No processing fee for SBI Gram Niwas Home Loan.

  • There is no minimum limit of the loan amount but the maximum amount of loan is capped at Rs. 5 lakhs. The repayment period is up to 5 years. 
  • Rural and Semi-urban centers having a population of up to 50,000 as per 2001 census can avail this loan.

SBI Flexi-Pay Home Loan

SBI Flexi-Pay home loan can be availed by working professionals or executives for fulfilling their housing demands. The minimum loan amount available under this scheme is Rs. 20 lakhs. The repayment tenure is up to 25 years or up to 30 years. Prepayment can be done against the outstanding loan amount.

State Bank of India Home Loan EMI Calculator

SBI HOME LOAN EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan EMI within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

State Bank of India Home Loan Eligibility Criteria

  • The applicant should be at least 18 years old.

  • The maximum age to avail a loan is 70 years.

  • Income of the direct family members like spouse, son, brother etc can be included for higher SBI Home Loan amount.

  • Equitable mortgage of a property is required as security for SBI Home Loan. 

  • The applicant should have regular income from all sources for higher home loan eligibility.

SBI Home Loan Documents Required
  • Completed loan application.

  • 3 Passport size photographs

  • Proof of identity (photocopies of Voters ID card/ Passport/ Driving/licence/ IT PAN card

  • Proof of residence (photocopies of recent Telephone Bills/ Electricity Bill/Property tax receipt/ Passport/ Voters ID card)

  • Proof of business address for non-salaried individuals/Statement of Bank Account/ Pass Book for last six months/Signature identification from present bankers/Personal Assets and Liabilities statement

  • Personal Assets and Liabilities Statement.

  • Original Salary Certificate from the employer.

How to apply for State Bank India Home loan?

You can apply for SBI home loan online through loansninsurances.com. Both existing and new customer can apply for a home loan online. To apply online, you must login to the registration page and complete the application process with the required details.

State Bank of India Home Loan EMI  Calculator 

For a loan amount of Rs 20,00,000 for 15years at the interest rate of 8.60% p.a., the EMI comes out as Rs.14,859. To know the EMIs for 15 years, see the table given below.

Personal Loan Amount ( Rs. )

Interest Rates(p.a)

Loan Tenure (yrs)

Monthly Instalment (EMI)

Total Interest Amount

Total Amount (Prin.+Int.)
15,00,000 8.60% 1 1,30.899 70,790 15,70,790
15,00,000 8.60% 2 68,252 1,38,052 16,38,052
15,00,000 8.60% 3 47,421 2,07,150 17,07,150
15,00,000 8.60% 4 37,043 2,78,079 17,78,079
15,00,000 8.60% 5 30,847 3,50,829 18,50,829
15,00,000 8.60% 6 26,741 4,25,387 19,25,387
15,00,000 8.60% 7 23,830 5,01,739 20,01,739
15,00,000 8.60% 8 21,665 5,79,869 20,79,869
15,00,000 8.60% 9 19,998 6,59,757 21,59,757
15,00,000 8.60% 10 18,678 7,41,381 22,41,381
15,00,000 8.60% 11 17,611 8,24,7118 23,24,718
15,00,000 8.60% 12 16,734 9,09,741 24,09,741
15,00,000 8.60% 13 16,003 9,96,424 24,96,424
15,00,000 8.60% 14 15,385 10,84,736 25,84,736
15,00,000 8.60% 15 14,859 11,74,647 26,74,647
State Bank of India Home Loan Amortization Table
Year Principal Interest Balance Amount
1 51,299 1,27,009 14,48,701
2 55,889 1,22,419 13,92,812
3 60,889 1.17.419 13,31,923
4 66,339 1,11,969 12,65,584
5 72,270 1,06,038 11,93,314
6 78,739 99,569 11,14,575
7 85,782 92,526 10,28,793
8 93,460 84,848 9,35,333
9 1,01,819 76,489 8,33,514
10 1,10,929 67,379 7,22,585
11 1,20,856 57,452 6,01,729
12 1,31,668 46,640 4,70,061
13 1,43,450 34,858 3,26,611
14 1,56,282 22,026 1,70,329
15 1,70,435 8,042 0

SBI Bank Provide Home Loan in Mumbai on Approved Projects

Builder’s Name

Project Name

A R Construction

Kaleendee, Saraswati, Tulsi

Aashray Group

Pearl, Aashray Pearl

Ameya Developers

Vaishnavi Heights

Bharat Infrastructure

Bharat optimus, Park vistas, Sky Vistas

Bombay Construction

Sahil Exotica

Conwood Reality

Conwood Astoria

Deepjyoti Infra Developers

Neelkanth Residency, Platinum Residency

Dhanashree Builders

Archana Chs, Dhanashree Prathama

Fairmont Construction

Fairmont Moksh, Reyhaan Terraces

Hubtown

Celeste, Hubtown Celeste, Hubtown Sunmist, Viranda

Satyam Developers

Prem Pride, Satyam Exotica, Satyam Majestic, Satyam Pride

Starlight System

Signature Island, Signia Isles, Signia Pearl

Wadhwa Estate

Amar Jiwan, Om Niwas, Parwana Apartment, Tirupati Grande

State Bank of India Home Loan FAQs

Q 1)How long does it take to get the loan sanctioned?

The loan can get sanctioned in a matter of days provided you have all the documents in place.

Q 2) Where can SBI home loan be availed?

There are special branches across the country to cater to SBI home loan requirement of customers.

Q 3) How long does it take to get the loan sanctioned?

If you submit all the required documents on time then SBI home loan can be sanctioned within few days.

Q 4) Can you pre – pay SBI home loan?

You can pre-pay SBI home loan as there is no pre-payment penalty applicable on State Bank Of India home-loan.

For SBI Personal Loan, Click Here to know more

State Bank of India Home Loan MCLR April 2017

Marginal Cost of Funds Based Lending Rate (MCLR) with effect from-01.01.2017

Tenure MCLR (In %)
Overnight 7.75
One Month 7.85
Three Month 7.90
Six Month 7.95
One Year 8.00
Two Years 8.10
Three Years 8.15

List of SBI Branches for Home Loan in Delhi

BRANCH ADDRESS PIN CODE
A F S,TUGHLAKABAD(NEW DELHI) TUGHLAKABAD, NEW DELHI
110062
A1 JANAK PURI  A 1/32 NEAR METRO PILLAR NO 626 JANAKPURI NAJAFGARH ROAD NEW DELHI
110058
AGCR BUILDING NEW DELHI  AGCR BUILDING I.P. ESTATE NEW DELHI
110002
AGCR ENCLAVE  270 AGCR ENCLAVE VIKAS MARG DELHI
110092
AHUJA BLDING G. K-II  M-77 M BLOCK MARKET GREATER KAILASH PART-II NEW DELHI
110048
AMBEDKAR NAGAR DAKSHINPURI NEW DELHI  AMBEDKAR NAGAR SECTOR-V DAKSHINPURI NEW DELHI
110062
AMBEDKAR NGR SECTOR-1NEW DELHI  AMBEDKAR NAGAR SECTOR-1 SECTOR- I (TIGRI) NEW DELHI
110062
ANAND VIHAR DELHI C 61 ANAND VIHAR VIKAS MARG DELHI
110092
ANSARI NAGAR(NEW DELHI)  ALL INDIA INSTITUTE OF MEDICAL SCIENCES CAMPUS ANSARI NAGAR City : NEW DELHI
110029
ASHOK VIHAR  JEET BUILDING 11 CENTRAL MARKET ASHOK VIHAR PHASE-I DELHI
110052
ASIAN GAMES VILLAGE COMPLEX  118-SHAHPUR JAT NEW DELHI
110049
AZAD MARKET DELHI AZAD MARKET CHOWK NEW DELHI
110006
AZADPUR  NEW SUBJI MANDI AZADPUR NEW DELHI
110033
B -1 JANAKPURI NEW DELHI BRANCH  B-1/44 JANAK PURI City : NEW DELHI
110058
B.K.DATA MKT RAJOURI GARDEN  A-30 VISHAL ENCLAVE OPPOSITE VISHAL CINEMA NEW DELHI – 110 027
110027
BADARPUR THERMAL POWER STN(BTPS)  NTPC TOWNSHIP BADARPUR MATHURA ROAD NEW DELHI
110044
BADARPUR(NEW DELHI)  415 MATHURA ROAD BADARPUR City : NEW DELHI
110044
BADLI(DELHI) RITHALA ROAD BADLI DELHI
110042
BASANT LOK  32 PRIYA COMPLEX VASANT VIHAR NEW DELHI
110057
BAWANA (DELHI)  NARELA ROAD BAWANA DELHI
110039
BHIKAJI CAMA PLACE BHIKAJI CAMA PLACE ANSAL CHAMBER-I NEW DELHI
110066
BIJWASAN  BIJWASAN KHASRA NO.350 BIJWASAN MAIN ROAD OPP GOLDHAM MANDIR NEW DELHI.
110061
BSF CHHAWLA  B S F HQ 25 B N CHHAWLA CAMP NAJAFGARH NEW DELHI
110071
BUNGLOW ROAD  37 BUNGLOW ROAD. KAMLA NAGAR DEHLI DIST:DELHI
110007
C A GROUP BR. NEW DELHI  11TH AND 12TH FLOOR JAWAHAR VYAPAR BHAWAN 1 TOLSTOY MARG NEW DELHI
110001
C R P F CAMPUS JHARODA KALAN  CRPF CAMP JHARODA KALAN GROUP CENTRE DELHI
110072
C-BLOCK JANAK PURI NEWDELHI  C-28 COMMUNITY CENTRE NEAR JANAK CINEMA JANAKPURI NEW DELHI
110058
CAC JANAKPURI  STATE BANK OF INDIA C BLOCK C-28 JANAKPURI NEW DELHI
110058
CASH ADMIN CELL NEW DELHI  CAC, SBI G.T. ROAD SHAHDARA BRANCH DELHI
110032
CCPC (CTS) NEW DELHI  B BLOCK, GROUND FLOOR 11, SANSAD MARG DELHI
110001
CCRAS NEWDELHI CCRAS CENT COUN FOR RESER IN AYURV AND SCIENC JLNBCAHAB PLOT 61TO65 JANKIPURINEW DELH
110058
CENT. ORD DEPOT SHAKURBASTI  ORDNANCE DEPOT SHAKURBASTI NEW DELHI
110056
CENTAUR HOTEL  I G I AIRPORT CENTAUR HOTEL NEW DELHI
110037
CENTRAL MARKET LAJPATNAGAR II  C-18, CENTRAL MARKET LAJPAT NAGAR-II City : NEW DELHI
110024
CENTRAL ROAD RESEARCH INST NEW DELHI  CENTRAL ROAD RESEARCH INSTITUTE CAMPUS MATHURA ROAD NEW DELHI
110025
CENTRAL SECRETARIAT (N.DELHI)  NORTH BLOCK NEW DELHI CENTRAL SECRETARIAT (N.DELHI) NEW DEL
110001
CGO COMPLEX, LODHI ESTATE  LODHI ESTATE CGO COMPLEX NEW DELHI
110003
CHANDRALOK BUILDING JANPATH  FIRST FLOOR PODIUM BLOCK NEW DELHI
110001
CHAUKHANDI (NEW DELHI)  CHAUKHANDI TILAK NAGAR NEW DELHI
110018
CHITTARANJAN PARK  B-107 C.R.PARK NEW DELHI INDIA
110019
CLOCK TOWER SUBZI MANDI  921 CLOCK TOWER SABZI MANDI DELHI
110007
COMM. BR CONNAUGHT PLACE  COMMERCIAL BR NEW DELHI M-47 CONNAUGHT CIRCUS NEW DELHI
110001
COMM. BR. NARAINA  59,COMMUNITY CENTRE, NARAINA INDUSTRIAL AREA , PHASE-1, NEW DELHI
110028