Monthly EMI: ₹52,069 at 8.5% for 20 years. Total interest: ₹64,96,560.
| Year | Principal | Interest | Balance |
|---|
With a ₹60 Lakh home loan from SBI at 8.5% for 20 years, you will pay a monthly EMI of ₹52,069. The total amount payable is ₹1,24,96,560, of which ₹64,96,560 is interest.
At 8.5% interest rate for 20 years, the EMI for ₹60 Lakh Home Loan from SBI is ₹52,069 per month. Total interest payable: ₹64,96,560.
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 ₹60 Lakh at 8.5% for 20 years, you would pay approximately ₹64,96,560 as total interest, making the total repayment ₹1,24,96,560.
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 ₹60 Lakh home loan.