State Bank of India (SBI) Home Loan EMI Calculator 2026 — Current Rates & Monthly Payment
State Bank of India (SBI) offers home loans starting at 8.5% p.a. (floating rate, May 2026). For a ₹50 Lakh home loan over 20 years, the monthly EMI is approximately ₹43,391 with a total interest outgo of ₹54.14 L. State Bank of India (SBI) offers maximum tenure up to 30 years. Use the calculator below to check EMI for your specific loan amount and tenure.
Last updated: 22 May 2026, 3:15 PM IST
Monthly EMI
₹43,391/month
at 8.5% for 20 years from State Bank of India (SBI)
State Bank of India (SBI) — Home Loan Details
Interest Rate
From 8.5% p.a. (floating)
Processing Fee
0.35% of loan amount (min ₹2,000, max ₹10,000)
Prepayment / Foreclosure
No prepayment penalty on floating rate home loans. Fixed rate loans may carry up to 2% penalty on the outstanding balance.
Eligibility
Salaried: min age 18, max 70 at maturity. Self-employed: min 3 years of business vintage. Min income ₹25,000/month for salaried.
State Bank of India (SBI) Home Loan — Rates, Fees & Eligibility
A first-time home buyer in a metro city takes a ₹50 Lakh home loan from State Bank of India (SBI) at their current rate of 8.5% for 20 years. The monthly EMI is ₹43,391, and the total interest over the full tenure is ₹54.14 L. State Bank of India (SBI) charges a processing fee of 0.35% of loan amount (min ₹2,000, max ₹10,000). On prepayment, no prepayment penalty on floating rate home loans. Fixed rate loans may carry up to 2% penalty on the outstanding balance. For eligibility, salaried: min age 18, max 70 at maturity. Self-employed: min 3 years of business vintage. Min income ₹25,000/month for salaried. Comparing rates: if the borrower gets a 0.25% discount (to 8.25%), the EMI drops to ₹42,603, saving ₹1.89 L over the loan tenure. Always negotiate — banks offer rate concessions for high CIBIL scores (750+), women borrowers, and balance transfer cases.
Data Sources
- RBI — Key Policy Rates (2026) — www.rbi.org.in
- Bank Websites — Latest Interest Rates (May 2026) — www.rbi.org.in
- NHB — Home Loan Guidelines (2025) — nhb.org.in
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Important: This calculator provides estimates based on the inputs and assumptions you provide. Results are mathematical projections, not financial advice or recommendations. Actual outcomes will vary based on market conditions, policy changes, individual circumstances, and factors not captured by this tool. Verify all figures independently and consult qualified professionals before making financial decisions.
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Frequently Asked Questions
What is State Bank of India (SBI) home loan interest rate 2026?
State Bank of India (SBI) home loan interest rates start from 8.5% p.a. (floating rate) as of May 2026. Rates vary based on loan amount, CIBIL score, and employment type.
What is the processing fee for State Bank of India (SBI) home loan?
The processing fee is 0.35% of loan amount (min ₹2,000, max ₹10,000). This is a one-time upfront charge deducted from the loan disbursement.
Can I prepay my State Bank of India (SBI) home loan?
No prepayment penalty on floating rate home loans. Fixed rate loans may carry up to 2% penalty on the outstanding balance.
What is the eligibility for State Bank of India (SBI) home loan?
Salaried: min age 18, max 70 at maturity. Self-employed: min 3 years of business vintage. Min income ₹25,000/month for salaried.
What is the maximum home loan tenure at State Bank of India (SBI)?
State Bank of India (SBI) offers home loans with maximum tenure of 30 years. The optimal tenure depends on your age, income, and repayment capacity.
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Disclaimer
This calculator provides estimates based on the interest rates and tenure shown. Actual EMI may vary based on the bank's lending terms, processing fees, and any floating-rate revisions. Bank rates are sourced from public data and may not reflect the latest changes — always confirm with your bank before applying. This is not financial advice. RupayWise is not a loan broker or financial advisor.