SBI Loan Against Property EMI Calculator

Lowest EMI on SBI Loan Against Property - Rs. 1,096 per lakh

Last Updated 09th Dec 2016
Loan Tenure
Loan Amount (Rs.) 7 years 10 years 15 years
2,500,000 Rs. 41,956 Rs. 33,524 Rs. 27,403
5,000,000 Rs. 83,913 Rs. 67,048 Rs. 54,806
7,500,000 Rs. 125,869 Rs. 100,572 Rs. 82,209
10,000,000 Rs. 167,826 Rs. 134,096 Rs. 109,612

Check SBI Loan Against Property EMI for a loan amount and tenure

SBI Loan Against Property EMI Calculator
  • Loan Against Property EMI (or equated monthly instalment) is a fixed amount of money you pay SBI towards repayment of your property loan every month on a fixed day of the month till your loan is fully paid back.
  • With SBI now offering loan tenure upto 18 years at attractive interest rates starting is 10.35%, your EMI can be as low as Rs. 1096 per Rs. one lakh loan amount.
  • The Loan Against Property EMI comprises of both principal repayment and interest payment. While the EMI amount remains constant, the interest component of keeps reducing and the principal component keeps increasing, except in case of an increase in interest rate on the loan.
Use the above quick and easy tool to easily calculate and compare monthly EMI on SBI Loan Against Property.

Will the SBI Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

  • Typically, the Loan Against Property EMI remains unchanged unless the customer requests for a change and the same is approved by SBI subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI).
  • In case the floating rate of interest on your loan increases, SBI will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case the interest rates increase to an extent that the revised loan tenure is more than the maximum permissible by SBI, the bank may increase your EMI amount.

Will Loan Against Property EMI change in case of prepayment?

  • When you make a prepayment, the outstanding principal amount on your property loan reduces. You may choose to either keep the EMI the same and reduce the loan tenure (enabling you pay off the loan faster) or reduce the EMI and keep the loan tenure unchanged (thus paying lesser amount every month). It is beneficial to keep the EMI constant and reduce the loan tenure as you pay less interest to the bank in this option.
  • Note that SBI may levy prepayment charges except on floating rate property loans sanctioned to individuals.

How does Loan Against Property EMI calculator calculate Loan Against Property EMI?

  • EMI is calculated using a combination of loan amount, loan tenure and interest rate.
  • EMI is calculated on a reducing balance basis and assuming payment of EMI in arrears (that is interest is charged for the month preceding the date of EMI payment on EMI date) and not in advance.
SBI Loan Against Property EMI Calculator News - Dec 2016
30th Nov 16 Bhartiya Mahila Bank merger with SBI approved by CCI
Competition Commission of India has approved an amalgamation of Bhartiya Mahila Bank in to State Bank of India. Both the banks will work towards providing banking products to their retail and corporate customers.
30th Nov 16 SBI opens 11.8 lacs new bank accounts post demonetisation
State Bank of India has opened 11.8 lacs new saving accounts post demonetisation. The total estimated number of new bank accounts opened since 8th November is 30 lacs.
26th Nov 16 SBI launches SBI Pay, UPI application of its own
State Bank of India has launched its own UPI (Unified Payment Interface) based application SBI Pay. The application can be used by both SBI and non SBI account holders. HDFC, ICICI and Axis Banks and 15 other banks have already launched their UPI based application. The total number of banks having their own UPI based application inclusive of SBI is now 18.
26th Nov 16 SBI ties up with INOX Leisure for dispensing cash
State Bank of India has announced partnership with INOX Leisure, a multiplex chain, to dispense cash. Customers can now easily withdraw Rs. 2,000 per day from INOX Leisure cinema box office by swiping their debit cards. The facility will be available across 17 properties of INOX Leisure starting from 26th November, 2016.
24th Nov 16 SBI fixed deposit rates cut by 1.9 percent
State Bank of India has further reduced its bulk fixed deposits rates (Rs.1 to Rs.10 crores) by 1.9 percent to 3.85 percent for tenure of 180 to 210 days. The revised fixed deposits rate for one year to 455 days is now 4.25 percent instead of 6 percent earlier. FD rate for three to five years is also reduced to 4.25 percent from 5.50 percent. The revised rates are effective from 24th November, 2016.
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