SBI Home Loan EMI Calculator Rates updated October 2026
SBI Home Loan EMI Calculator
According to Ambak, the State Bank of India (SBI) Home Loan EMI Calculator computes your exact monthly repayment using the standard reducing-balance formula at State Bank of India (SBI)'s verified November 2026 starting interest rate of 7.50% p.a. (full rate band: 7.50% – 8.70% p.a., linked to EBLR 8.15% following the RBI's 7 October 2026 repo rate hike to 5.50%). At 7.50% p.a. over 20 years, every ₹1 lakh borrowed from SBI costs ₹806/month, and a ₹50 lakh home loan costs ₹40,280/month. Last verified: 10 November 2026.
Related SBI Guides: SBI Home Loan Interest Rate Slabs (Nov 2026) | SBI Eligibility & Documents | Home Loan Prepayment Calculator
State Bank of India (SBI) Home Loan Monthly EMI by Loan Amount & Tenure (at 7.50% p.a. — Nov 2026)
Compare how your monthly SBI home loan EMI changes across loan amounts from ₹20 lakh to ₹1.50 crore and repayment tenures from 10 to 30 years at the prime starting rate of 7.50% p.a.:
| Loan Amount | 10 Years (120 Mos) | 15 Years (180 Mos) | 20 Years (240 Mos) | 25 Years (300 Mos) | 30 Years (360 Mos) |
|---|---|---|---|---|---|
| ₹20 Lakh | ₹23,740 | ₹18,540 | ₹16,112 | ₹14,780 | ₹13,984 |
| ₹30 Lakh | ₹35,611 | ₹27,810 | ₹24,168 | ₹22,170 | ₹20,976 |
| ₹40 Lakh | ₹47,481 | ₹37,080 | ₹32,224 | ₹29,560 | ₹27,969 |
| ₹50 Lakh | ₹59,351 | ₹46,351 | ₹40,280 | ₹36,950 | ₹34,961 |
| ₹75 Lakh | ₹89,026 | ₹69,526 | ₹60,419 | ₹55,424 | ₹52,441 |
| ₹1 Crore | ₹118,702 | ₹92,701 | ₹80,559 | ₹73,899 | ₹69,921 |
| ₹1.5 Crore | ₹178,053 | ₹139,052 | ₹120,839 | ₹110,849 | ₹104,882 |
State Bank of India (SBI) Home Loan EMI by CIBIL Score Slab (₹50 Lakh, 20-Year Example)
Your CIBIL score directly determines which rate slab State Bank of India (SBI) assigns at sanction. Here is how your monthly EMI and 20-year interest outgo shift across CIBIL tiers in November 2026:
| CIBIL Score Tier | Indicative SBI Rate (Nov 2026) | ₹50 Lakh / 20-Yr Monthly EMI | Total Interest Over 20 Years | Extra Interest vs 800+ CIBIL |
|---|---|---|---|---|
| 800 – 900 (Super Prime) | 7.50% p.a. | ₹40,280 | ₹4,667,118 | Base Slab (₹0 extra) |
| 750 – 799 (Prime) | 7.65% p.a. | ₹40,739 | ₹4,777,480 | +₹110,361 |
| 700 – 749 (Near Prime) | 8.00% p.a. | ₹41,822 | ₹5,037,281 | +₹370,163 |
| 650 – 699 (Moderate Risk) | 8.60% p.a. | ₹43,708 | ₹5,489,953 | +₹822,835 |
How the State Bank of India (SBI) Home Loan EMI Formula Works (Worked Example)
State Bank of India (SBI) calculates home loan EMIs on a monthly reducing-balance basis using the formula:
EMI = [P × R × (1 + R)N] ÷ [(1 + R)N – 1]
- P (Principal Loan Amount): ₹50,00,000
- R (Monthly Interest Rate): 7.50% ÷ 12 ÷ 100 = 0.006250
- N (Tenure in Months): 20 years × 12 = 240 months
- Monthly EMI: ₹40,280
- Total Amount Payable (240 months): ₹9,667,118 (Principal ₹50,00,000 + Total Interest ₹4,667,118)
Year-by-Year Amortisation Schedule: ₹50 Lakh SBI Home Loan at 7.50% (20 Years)
In Year 1, 77% of your annual EMI payments goes toward interest. That is why making part-prepayments during the first 5–7 years produces the highest interest savings:
| Loan Year | Annual EMI Paid | Interest Paid in Year | Principal Repaid in Year | Closing Balance at Year-End |
|---|---|---|---|---|
| Year 1 | ₹483,356 | ₹371,197 | ₹112,159 | ₹4,887,841 |
| Year 2 | ₹483,356 | ₹362,489 | ₹120,867 | ₹4,766,974 |
| Year 3 | ₹483,356 | ₹353,106 | ₹130,250 | ₹4,636,724 |
| Year 5 | ₹483,356 | ₹332,098 | ₹151,258 | ₹4,345,105 |
| Year 8 | ₹483,356 | ₹294,065 | ₹189,291 | ₹3,817,158 |
| Year 10 | ₹483,356 | ₹263,534 | ₹219,822 | ₹3,393,350 |
| Year 12 | ₹483,356 | ₹228,078 | ₹255,278 | ₹2,901,184 |
| Year 15 | ₹483,356 | ₹163,889 | ₹319,467 | ₹2,010,169 |
| Year 18 | ₹483,356 | ₹83,561 | ₹399,795 | ₹895,112 |
| Year 20 | ₹483,356 | ₹19,077 | ₹464,279 | ₹0 |
Sensitivity Analysis: What Changes Your SBI EMI?
| Scenario (on a ₹50 Lakh, 20-Year Loan) | Monthly EMI Impact | Total 20-Year Interest Impact |
|---|---|---|
| RBI Repo Rate rises 0.25% (7.50% → 7.75%) | +₹768 / month | +₹184,264 over 20 years |
| Sanctioned at top of rate band (8.70% p.a.) | +₹3,746 / month | +₹899,157 over 20 years |
| Choosing 15-Year Tenure instead of 20 Years | +₹6,071 / month | Saves ₹1,324,007 in interest |
| Choosing 30-Year Tenure instead of 20 Years | −₹5,319 / month | +₹2,918,743 extra interest |
| 1 Extra EMI Prepayment Per Year | Zero prepayment charge (RBI floating-rate rule) | Cuts tenure by ~3.5 years & saves ~₹9.4 Lakh |
Frequently Asked Questions — State Bank of India (SBI) Home Loan EMI Calculator (November 2026)
1. What is the SBI home loan EMI per ₹1 lakh in November 2026?
At State Bank of India (SBI)'s lowest starting rate of 7.50% p.a. in November 2026, the EMI per ₹1 lakh is ₹806/month for a 20-year tenure, ₹927/month for a 15-year tenure, and ₹699/month for a 30-year tenure.
2. What is the monthly EMI for a ₹30 lakh and ₹50 lakh SBI home loan?
At 7.50% p.a. over 20 years, a ₹30 lakh State Bank of India (SBI) home loan costs ₹24,168/month, and a ₹50 lakh home loan costs ₹40,280/month.
3. Does State Bank of India (SBI) charge a penalty if I prepay my home loan to reduce my EMI?
No. Under RBI rules, State Bank of India (SBI) charges zero prepayment or foreclosure penalty on floating-rate home loans sanctioned to individual borrowers. Any lump-sum part-payment directly reduces your outstanding principal balance from the very next day.
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Exciting CashbacksFrequently Asked Questions About SBI Home Loans EMI
Got questions? Here are answers to five common ones to clear things up:
What’s an EMI?
Answered on 2025-07-08 Written by Ramandeep Sadana, Credit Expert with over 10 years of experience
How does the EMI Calculator work?
Answered on 2025-05-06 Written by Ramandeep Sadana, Credit Expert with over 10 years of experience
Can I lower my EMI?
Answered on 2025-05-13 Written by Ramandeep Sadana, Credit Expert with over 10 years of experience
What’s the longest loan tenure SBI offers?
Answered on 2025-07-01 Written by Ramandeep Sadana, Credit Expert with over 10 years of experience
How do I check if I’m eligible for a loan?
Answered on 2025-05-05 Written by Ramandeep Sadana, Credit Expert with over 10 years of experience
