India's largest public sector bank offering competitive home, car and personal loan rates.
| 🏠 Home Loan | 8.50% p.a. | Up to 30 yrs |
| 🚗 Car Loan | 8.85% p.a. | Up to 7 yrs |
| 👤 Personal Loan | 11.15% p.a. | Up to 5 yrs |
Use the formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1) where P is the loan amount, r is the monthly interest rate, and n is the number of months. For a ₹20,00,000 home loan from SBI (State Bank of India) at 8.5% for 240 months, your EMI is ₹17,356.
| Loan Amount | 10 Years | 20 Years | 30 Years |
|---|---|---|---|
| ₹10,00,000 | ₹12,399 | ₹8,678 | ₹7,689 |
| ₹20,00,000 | ₹24,797 | ₹17,356 | ₹15,378 |
| ₹30,00,000 | ₹37,196 | ₹26,035 | ₹23,067 |
| ₹50,00,000 | ₹61,993 | ₹43,391 | ₹38,446 |
| ₹1,00,00,000 | ₹1,23,986 | ₹86,782 | ₹76,891 |