The SBI Home Loan interest in India, is 7.35 in 2025, as per the average interest rate reported by RBI. The interest rates can vary at the discretion of SBI and can vary as per the user profile and property. 

The SBI Home Loans interest rate are floating and changes as per the movement in RBI Repo Rate declared by the Central Bank time to time. 

SBI Home Loan doesn't levy in pre-closure charges irrespective of the tenure specially for individuals. 

The eligibility criteria for home loan can be checked at SBI website which will be aligned with below mentioned criteria: Resident Type: Resident Indian Minimum Age: 18 years Maximum Age: 70 years Loan Tenure: up to 30 years.

Component	Details
Formula	EMI = P×r×(1+r)n / (1+r)n−1
Components Explained	P = Principal loan amountr = Monthly interest rate = (Annual interest rate ÷ 12 ÷ 100)n = Loan tenure in months
Example Inputs	Principal (P): ₹50,00,000Annual Interest Rate: 8.50%Loan Tenure: 20 years
Converted Inputs	Monthly Interest Rate (r): 8.50% ÷ 12 = 0.007083 (decimal)Loan Tenure in Months (n): 20 × 12 = 240 months
Example EMI	EMI = ₹43,391.43

 

Amortization Schedule (First 12 Months):

Month	Principal (₹)	Interest (₹)	EMI (₹)	Outstanding Balance (₹)
1	7,108.57	36,282.86	43,391.43	49,92,891.43
2	7,159.12	36,232.31	43,391.43	49,85,732.31
3	7,209.89	36,181.54	43,391.43	49,78,522.42
4	7,260.88	36,130.55	43,391.43	49,71,261.54
5	7,312.09	36,079.34	43,391.43	49,63,949.45
6	7,363.52	36,027.91	43,391.43	49,56,585.93
7	7,415.17	35,976.26	43,391.43	49,49,170.76
8	7,467.04	35,924.39	43,391.43	49,41,703.72
9	7,519.13	35,872.30	43,391.43	49,34,184.59
10	7,571.45	35,820.98	43,391.43	49,26,613.14
11	7,624.00	35,769.43	43,391.43	49,18,989.14
12	7,676.76	35,717.67	43,391.43	49,11,312.38