SBI Home Loan Calculator (2026)
Calculate your SBI home loan EMI with amortization schedule, prepayment analysis, and complete repayment timeline.
Loan Details
📋 Quick Info
- 🏦Compare rates across banks
- 💡Prepay early to save lakhs
- 🛡️Tax benefit up to ₹3.5L/yr
Payment Breakdown
Principal vs Interest distribution
Home Loan Amortization Schedule
Month-wise payment breakdown for 20 years (240 months) — Showing Year 1
| Month | Date | EMI | Principal | Interest | Balance |
|---|---|---|---|---|---|
| 1 | Jun 2026 | ₹20,911 | ₹4,244 | ₹16,667 | ₹24,95,756 |
| 2 | Jul 2026 | ₹20,911 | ₹4,273 | ₹16,638 | ₹24,91,483 |
| 3 | Aug 2026 | ₹20,911 | ₹4,301 | ₹16,610 | ₹24,87,182 |
| 4 | Sep 2026 | ₹20,911 | ₹4,330 | ₹16,581 | ₹24,82,852 |
| 5 | Oct 2026 | ₹20,911 | ₹4,359 | ₹16,552 | ₹24,78,493 |
| 6 | Nov 2026 | ₹20,911 | ₹4,388 | ₹16,523 | ₹24,74,106 |
| 7 | Dec 2026 | ₹20,911 | ₹4,417 | ₹16,494 | ₹24,69,689 |
| 8 | Jan 2027 | ₹20,911 | ₹4,446 | ₹16,465 | ₹24,65,242 |
| 9 | Feb 2027 | ₹20,911 | ₹4,476 | ₹16,435 | ₹24,60,766 |
| 10 | Mar 2027 | ₹20,911 | ₹4,506 | ₹16,405 | ₹24,56,260 |
| 11 | Apr 2027 | ₹20,911 | ₹4,536 | ₹16,375 | ₹24,51,725 |
| 12 | May 2027 | ₹20,911 | ₹4,566 | ₹16,345 | ₹24,47,158 |
How is Home Loan EMI Calculated?
The standard EMI formula used by all banks in India
EMI = [P × R × (1+R)N] / [(1+R)N − 1]Your Calculation
In simple words: EMI (Equated Monthly Installment) is the fixed amount you pay every month to the bank. It includes both the principal repayment and the interest charged on your outstanding loan balance. In the early years, most of your EMI goes towards paying interest. As the loan matures, more of your EMI goes towards reducing the principal amount.
📋 Quick Info
- 🏦Compare rates across banks for best deal
- 💡Prepay early to save lakhs in interest
- 🛡️Tax benefit up to ₹3.5L/yr (80C + 24b)
State Bank of India (SBI) Home Loan Interest Rates — May 2026
Current State Bank of India (SBI) home loan rates for salaried, self-employed, and NRI borrowers.
| Borrower Type | Interest Rate | Notes |
|---|---|---|
| Regular / Salaried | 7.50% – 8.70%* | Best rate requires 750+ CIBIL |
| NRI Home Loan | ~7.75% onwards* | For Indian citizens residing abroad |
| Self-Employed | Typically +0.25–0.50% above salaried | Varies by income documentation |
*Rates indicative as of May 2026. Actual rate depends on loan amount, CIBIL score, and property type. Verify current rates on State Bank of India (SBI)'s official website before applying.
State Bank of India (SBI) Home Loan Key Details
| Processing Fee | 0.35% + GST (min ₹2,000, max ₹10,000) |
| Prepayment Charges | Nil on floating rate loans (RBI mandate) |
| Maximum Tenure | 30 years |
| Minimum CIBIL Score | 650 |
| NRI Eligibility | Yes — see NRI rate above |
Why Choose State Bank of India (SBI)? Key Advantage
SBI MaxGain overdraft facility — park surplus funds in your loan account to reduce interest burden without formal prepayment
State Bank of India is India's largest home loan lender by volume, trusted by millions for its low starting rates and government-backed security. SBI's flagship MaxGain product is unique in the market — it functions like an overdraft account linked to your home loan, allowing you to park surplus funds and reduce your effective interest cost without triggering prepayment. For government employees, defence personnel, and high-CIBIL borrowers, SBI consistently offers the most competitive rates among all major banks.
Is State Bank of India (SBI) the Right Lender for You?
✅ Pros
SBI is ideal if you want the lowest possible interest rate and are comfortable with a PSU bank's processing timeline. The MaxGain overdraft facility is unmatched — it lets you park surplus funds to reduce your effective interest cost without any formal prepayment, making it the smartest choice for disciplined savers. Government employees, defence personnel, and women borrowers get additional rate concessions that bring SBI's effective cost well below any private bank.
⚠️ Cons
SBI's loan processing is typically slower than private banks — expect 2–4 weeks versus 3–5 days at HDFC or ICICI. The branch experience can vary significantly depending on your location, and the digital application process, while improved, is not as seamless as the top private bank offerings. If speed of approval is your priority, a private bank may serve you better.
Compare State Bank of India (SBI) against all major banks using our main home loan calculator.
Important Disclaimer
EMI calculations assume a fixed interest rate throughout the tenure. Actual EMI may vary based on floating rate changes, processing fees, and lender terms. This tool is for educational purposes only.