SBI Home Loan Interest Rate @ 8.60% Jan 2017, Eligibility EMI Calculator – Calculate EMI Online

 

(Updated on 02.01.2017) SBI Home Loan EMI Calculator Jan 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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SBI home loan Interest Rate

Type of Borrowers

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


Floating Rate Loans Upto Rs.75 lacs

Floating Rate Loans above Rs.75 lacs


Maxgain above Rs. 20 lacs & upto 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

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. SBI offers multiple banking products and services through its extensive banking network designed specially for resident Indians as well as non-resident Indians. The bank operates through a wide range of branches which makes it easier for the customer to avail a SBI Home loan from the branch nearest to his or her residence. Home loan is a type of loan advanced to a person to assist in buying a house or flat.

SBI Home Loan Types

SBI MaxGain Home Loan

SBI MaxGain home loan is sanctioned as an overdraft with added flexibility to operate the home loan account like savings bank account or current account . Bank also provides cheque book or net banking facility for the purpose. Minimum loan amount under this scheme is Rs. 20 lakhs and there is no cap for maximum loan amount .The product enables customers to park their surplus funds or savings in SBI MaxGain.

SBI Yuva Home Loan

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

SBI NRI Home Loan

The minimum amount of loan available to non-resident Indians and persons of Indian origin is Rs. 3 lakhs. The loan is available to non-resident Indians or persons of Indian origin only . The applicants should have a regular source of income .The minimum employment term of the applicant either in India or abroad should be at least 2 years.

SBI Reality Home Loan

SBI Reality home loan is provided to buy a plot for the construction of a house wherein the construction should start within 2 years from the date of availing the loan. The customer can also avail a second loan for the construction of a house on the plot which was financed by this loan scheme and run both the loans simultaneously. The maximum amount of loan available to any applicant is limited to Rs.10 crores .The loan should be repaid within 15 years.

SBI Pal 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 this scheme is 10 lakhs and there is no limit on the maximum amount.

SBI Tribal Plus Home Loan

SBI tribal plus home loan scheme is available for purchase of a new house without the condition of mortgaging the land . The scheme 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.

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. Under this loan there is no processing charges. 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.

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.

SBI 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

SBI Home Loan – Pradhan Mantri Awas Yojana

SBI is also providing home loan in accordance with Pradhan Mantri Awas Yojna rules. Under Pradhan Mantri Awas Yojana, the main proposal is to construct 20 million homes for those people belonging to the low income families in the urban, semi-urban and rural areas by 2022.

SBI Home Loan Eligibility Criteria

  • The applicant should be atleast 18 years old.

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

  • Income of the direct family members like spouse , son, brother etc.

  • Equitable mortgage of property is required as security.

  • Depreciation value, subject to some conditions.

  • The applicant should have regular income from all sources.

SBI Home Loan Documents required

  • Completed loan application.

  • 3 Passport size photographs

  • Proof of identify (photo copies of Voters ID card/ Passport/ Driving/licence/ IT PAN card

  • Proof of residence (photo copies 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 employer.

How to apply for SBI Home loan?

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

SBI Home Loan FAQ

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 country to cater 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 with in 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…..

SBI MCLR RATE (HISTORICAL DATA)

Point Reduction in MCLR MCLR Date Effective from
-5 8% 01.01.2017 01.01.2017
-5 9.15% 31.04.2016 01.05.2016
Start 9.20% 31.03.2016 01.04.2016

YEARLY CALCULATED VALUES FOR HOME LOAN AMOUNT OF ₹ 30,00,000 @INTEREST RATE OF 8.25% FOR 25 YEARS

Year

Principal

Interest

Balance Amount

1

Rs. 37,756

Rs. 246,092

Rs. 2,962,244

2

Rs. 40,991

Rs. 242,857

Rs. 2,921,253

3

Rs. 44,504

Rs. 239,344

Rs. 2,876,749

4

Rs. 48,316

Rs. 235,532

Rs. 2,828,433

5

Rs. 52,456

Rs. 231,392

Rs. 2,775,977

6

Rs. 56,952

Rs. 226,896

Rs. 2,719,025

7

Rs. 61,833

Rs. 222,015

Rs. 2,657,192

8

Rs. 67,130

Rs. 216,718

Rs. 2,590,062

9

Rs. 72,884

Rs. 210,964

Rs. 2,517,178

10

Rs. 79,128

Rs. 204,720

Rs. 2,438,050

11

Rs. 85,911

Rs. 197,937

Rs. 2,352,139

12

Rs. 93,271

Rs. 190,577

Rs. 2,258,868

13

Rs. 101,261

Rs. 182,587

Rs. 2,157,607

14

Rs. 109,941

Rs. 173,907

Rs. 2,047,666

15

Rs. 119,360

Rs. 164,488

Rs. 1,928,306

16

Rs. 129,590

Rs. 154,258

Rs. 1,798,716

17

Rs. 140,694

Rs. 143,154

Rs. 1,658,022

18

Rs. 152,751

Rs. 131,097

Rs. 1,505,271

19

Rs. 165,843

Rs. 118,005

Rs. 1,339,428

20

Rs. 180,052

Rs. 103,796

Rs. 1,159,376

21

Rs. 195,481

Rs. 88,367

Rs. 963,895

22

Rs. 212,233

Rs. 71,615

Rs. 751,662

23

Rs. 230,418

Rs. 53,430

Rs. 521,244

24

Rs. 250,163

Rs. 33,685

Rs. 271,081

25

Rs. 271,239

Rs. 12,246

Rs. 0

SBI HOME LOAN MCLR JANUARY 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
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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