SBI Home Loan EMI Calculator

Pre-loaded with SBI's 2026 interest rate of 7.25% for salaried borrowers. Adjust the rate for your specific profile. Results match SBI's official EMI calculator.

SBI Home Loan EMI Summary

Monthly SBI EMI ₹25,885
Total Amount Payable ₹62,12,400
Total Interest Payable ₹32,12,400
Interest to Principal Ratio 107.08%

Results match SBI's official EMI calculator using the reducing balance method

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SBI Home Loan Interest Rates 2026

Current SBI home loan rates based on borrower type and CIBIL score. Rates effective June 2026.

Borrower Category Interest Rate (p.a.) CIBIL Score Notes
Salaried — Women7.20%750+Best available rate
Salaried — General7.25%750+Standard salaried rate
Salaried — Women7.35%700–749Moderate credit score
Salaried — General7.40%700–749Moderate credit score
Self-employed — Women7.45%750+Best self-employed rate
Self-employed — General7.50%750+Standard self-employed

*Rates are indicative and linked to SBI MCLR. Contact SBI branch for current applicable rate. Last updated: June 2026.

GetInfoToYou Financial Tools Team
✍️ Published: January 2024 🔄 Last Updated: June 2026

SBI Home Loan 2026 — Complete Guide

State Bank of India (SBI) is India's largest public sector bank and one of the most trusted home loan providers. SBI home loans offer competitive rates, flexible tenure up to 30 years, and no prepayment penalty on floating rate loans — making them a preferred choice for millions of home buyers.

SBI Home Loan — Key Features

7.25%Starting Rate (Salaried)
30 YrsMaximum Tenure
₹10 CrMaximum Loan Amount
0%Prepayment Penalty

How to Use the SBI Home Loan EMI Calculator

Our SBI home loan calculator is pre-loaded with SBI's 2026 interest rate of 8.40% for salaried borrowers. To calculate your exact SBI EMI:

  1. Enter your desired SBI loan amount (₹1 Lakh to ₹10 Crore)
  2. Select your borrower type from the Quick Select SBI Rate dropdown — the interest rate will auto-fill
  3. Choose your preferred loan tenure (1–30 years)
  4. Click Calculate SBI EMI to see your monthly EMI, total interest, and amortization schedule

SBI Home Loan EMI Examples (2026 Rates)

Loan Amount EMI (8.40%, 20 yrs) Total Interest Total Payable
₹20 Lakhs₹17,257₹21.4 Lakhs₹41.4 Lakhs
₹30 Lakhs₹25,885₹32.1 Lakhs₹62.1 Lakhs
₹50 Lakhs₹43,109₹53.4 Lakhs₹1.03 Crore
₹75 Lakhs₹64,663₹80.2 Lakhs₹1.55 Crore
₹1 Crore₹86,218₹1.07 Crore₹2.07 Crore

SBI Home Loan Eligibility Criteria

  • Age: Minimum 18 years, maximum 70 years at loan maturity
  • Income: Minimum ₹10,000/month for salaried; ₹2 lakh/year for self-employed
  • CIBIL Score: Minimum 650 (750+ for best rates)
  • Employment: Minimum 2 years employment (salaried) or 3 years business (self-employed)

SBI Home Loan vs Other Banks

SBI home loans offer one of the lowest starting rates in India. Compare SBI with HDFC home loan rates — SBI starts at 8.40% vs HDFC's 8.50%. For NRIs and self-employed borrowers, HDFC sometimes offers more flexible terms. Use our eligibility calculator to find your ideal loan amount.

SBI Home Loan Tax Benefits

SBI home loan borrowers can claim up to ₹3.5 lakh in annual tax deductions — ₹2 lakh under Section 24(b) on interest and ₹1.5 lakh under Section 80C on principal. Read our complete tax benefits guide.

SBI Home Loan — Frequently Asked Questions

SBI home loan rates in 2026 start from 8.35% p.a. for salaried women borrowers with CIBIL score 750+ and 8.40% p.a. for general salaried borrowers. Self-employed rates start from 8.60% (women) and 8.65% (general). Rates are floating and linked to MCLR.

For ₹50 lakh SBI home loan at 8.40% p.a. for 20 years, the monthly EMI is approximately ₹43,109. Total interest paid = ₹53.46 lakhs. Total amount payable = ₹1,03,46,160. Use the calculator above for your specific amount and rate.

No. SBI does not charge any prepayment penalty on floating rate home loans for individual borrowers, as mandated by RBI circular. You can make partial or full prepayments at any time during the loan tenure without any charges. This is a significant benefit — use our prepayment calculator to see how much interest you can save.

SBI home loan amount is determined by:

  • Income eligibility: EMI cannot exceed 50–60% of gross monthly income
  • Property value: Up to 75–90% of property value (LTV ratio)
  • Maximum amount: No defined cap; typically up to ₹10 Crore for metro cities

Use our eligibility calculator to estimate your maximum loan amount.

SBI primarily offers floating rate home loans linked to its EBLR (External Benchmark Lending Rate) or MCLR. When RBI changes repo rates, SBI's home loan rates change accordingly. SBI does offer a fixed rate option for shorter periods (2–3 years), after which it converts to floating. Most customers prefer the floating option as it benefits from rate cuts over time.