SBI Home Loan EMI Calculator Overview

Home Loan

SBI Home Loan EMI Calculator is a great online tool which calculates the EMI amount against your home loan. With the help of SBI Bank Home Loan EMI Calculator, you get the details of the monthly installment payment during the loan tenure. For using SBI Home Loan Interest Rate 2019 EMI Calculator, you need to input the details like- loan amount, interest rate and loan tenure. You can go for different combinations of loan amount and tenure while using SBI Home Loan EMI Calculator 2019. In this way, you will get to know which combination is suitable for you with the help of SBI Home Loan EMI Calculator online tool. You can go for that EMI amount which is within your monthly budget via SBI Home Loan EMI Calculator. With the help of SBI Home Loan EMI Calculator 2019, you get to know the principal amount and the interest outgo of the EMI payment.

SBI Home Loan EMI Calculator 2019- EMI Calculation

For Using SBI Bank Home Loan EMI Calculator, you need to know the present interest rate on the home loan. SBI Home Loan Interest Rate 2019 EMI Calculator for women applicants lies between 8.55%* to 9.15%* per annum. For the male applicants, SBI Home Loan Interest Rate 2019 EMI Calculator range between 8.60%* to 9.15%* per annum.

For calculating EMI, SBI Home Loan EMI Calculator online tool follows the below mentioned formula-

EMI= [P*r*(1+r)n]/[((1+r)n-1)]

EMI- Equated Monthly Installment

P- Principal Loan amount

r- interest rate each month

n- loan tenure

Let’s take an example. You have taken different loan amount at 8.65% per annum for a period of 25 years. Following table shows the EMI amount that you need to pay-

Loan Amount Rate of Interest Loan Tenure EMI Amount
Rs. 20,00,000 8.65% 25 years Rs. 16307
Rs. 30,00,000 8.65% 25 years Rs. 24461
Rs. 40,00,000 8.65% 25 years Rs. 32614
Rs. 50,00,000 8.65% 25 years Rs. 40768

Advantages of SBI Home Loan EMI Calculator

  • You can use SBI Home Loan EMI Calculator 2019 at your own preferred time and place. So, you can calculate EMI using SBI Bank Home Loan EMI Calculator sitting at your home. Moreover, you do not have to spend a single rupee for using SBI Home Loan EMI Calculator.
  • SBI Bank Home Loan EMI Calculator requires very minimum details for EMI calculation. You need to input the desired loan amount, interest rate and the loan tenure in SBI Home Loan EMI Calculator. Based on these details, SBI Home Loan Interest Rate 2019 EMI Calculator evaluates the EMI amount.
  • Instead of manual calculation which is error-prone, you can easily use the SBI Home Loan EMI Calculator. The EMI result generated by SBI Home Loan EMI Calculator 2019 is error-free. So, you get the EMI payment towards your home loan as per SBI Home Loan EMI Calculator in just a few clicks.
  • You manage your future finances properly after you get the EMI payment update through SBI Home Loan EMI Calculator. Also, you can maintain your monthly budget by taking into account the EMI amount generated by SBI Home Loan EMI Calculator.

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