State Bank of India (SBI) ₹50 Lakh Home Loan EMI 2026 — Monthly Payment
The monthly EMI for a ₹50 Lakh home loan from State Bank of India (SBI) at 8.5% interest for 20 years is approximately ₹43,391. The total interest over the loan tenure is ₹54.14 L. State Bank of India (SBI)'s processing fee is 0.35% of loan amount (min ₹2,000, max ₹10,000). Use the calculator below to adjust tenure and see prepayment benefits.
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.
₹50.00 L Home Loan EMI — Detailed Breakdown
A marketing manager in Ahmedabad takes a ₹50 Lakh home loan from State Bank of India (SBI) at 8.5% for 20 years. The monthly EMI is ₹43,391, with total repayment of ₹1.04 Cr including ₹54.14 L in interest. State Bank of India (SBI) charges 0.35% of loan amount (min ₹2,000, max ₹10,000) as processing fee. On prepayment: no prepayment penalty on floating rate home loans. Fixed rate loans may carry up to 2% penalty on the outstanding balance. Making an annual prepayment of ₹1.50 L can save approximately ₹6.50 L in interest. For a 0.25% rate reduction (to 8.25%), the EMI drops to ₹42,603, saving ₹1.89 L over the tenure.
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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Founding Partner at Tykhe Ventures ($20M AUM, early-stage investing) and Founder of Kompella Technologies, which provides fractional CTO/CPO services to funded startups. NISM XIX-C certified. Built RupayWise because the financial tools available in India were either oversimplified or designed to sell you a product — not help you decide.
Frequently Asked Questions
What is the EMI for ₹50 Lakh home loan from State Bank of India (SBI)?
At 8.5% for 20 years, the monthly EMI is approximately ₹43,391. Total interest: ₹54.14 L.
What is State Bank of India (SBI)'s current home loan rate?
State Bank of India (SBI) home loan rates start from 8.5% p.a. (May 2026). Rates vary based on loan amount and borrower profile.
What is the processing fee for State Bank of India (SBI) home loan?
0.35% of loan amount (min ₹2,000, max ₹10,000)
Can I prepay ₹50 Lakh loan from State Bank of India (SBI) early?
No prepayment penalty on floating rate home loans. Fixed rate loans may carry up to 2% penalty on the outstanding balance.
Is State Bank of India (SBI) good for home loan?
State Bank of India (SBI) is among the top lenders in India. Key advantages: competitive rates starting at 8.5%, 30-year max tenure, and standard processing fees. Compare with 2–3 other banks before deciding.
Compare Other Home Loan Options
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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.