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Frequently Asked Questions

How can I calculate my EMI for SBI home loan?

The SBI Home Loan Calculator employs the standardized formula to calculate the monthly EMIs P = Principal (Loan Amount); SBI Home Loan Amount ranges from Rs 25,00,000 to Rs 7,00,00,000 R = Rate of Interest per month ( Annual Rate of Interest/12); currently, the interest rate on SBI Housing Loan is 7.05% p.a.

What is the formula for calculating EMI for home loan?

The bank also has its own home loan EMI calculator to help you know the EMI. Maximum of 10000/- + GST Advocate & Valuer Fee - Actual expenses will be realised separately. In a home loan calculator, you need to mention the loan amount, the home loan interest rate and the tenure for which you want to take the loan.

How much loan can I get from SBI?

SBI has established its borrowing limit from 25 lakhs to 7 crores to cater to diverse customers with varying needs across the country. The Interest rate also significantly impacts the monthly EMIs.

What is the formula for EMI calculation?

The bank also has its own home loan EMI calculator to help you know the EMI. Maximum of 10000/- + GST Advocate & Valuer Fee - Actual expenses will be realised separately. In a home loan calculator, you need to mention the loan amount, the home loan interest rate and the tenure for which you want to take the loan.

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