SBI Loan Against Property EMI Calculator

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Lowest EMI on SBI Loan Against Property - Rs. 1,115 per lakh

Last Updated 21st Oct 16

Loan Tenure
Loan Amount (Rs.) 7 years 10 years 15 years
2,500,000 Rs. 42,347 Rs. 33,944 Rs. 27,868
5,000,000 Rs. 84,695 Rs. 67,888 Rs. 55,736
7,500,000 Rs. 127,042 Rs. 101,832 Rs. 83,604
10,000,000 Rs. 169,390 Rs. 135,776 Rs. 111,472

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 10.65%, your EMI can be as low as Rs. 1115 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.
*My Finance Care Advisors Pvt. Ltd., or is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.
Loan Against Property @ 10.60%* Cashback Upto Rs. 5,000

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SBI Loan Against Property EMI Calculator News - Oct 2016
22nd Oct 16 SBI asks customers to use own ATMs
SBI advised its customers to use its own ATM network for safety of transactions. The Bank also promised to replace 6 lakh debit cards which were blocked by the bank as a preventive measure within ten days following a cyber security breach in the banking system. The other major banks hit by the cyber fraud are Axis Bank, HDFC and ICICI Bank.
17th Oct 16 SBI: Sub 9 percent MCLR Base Rate Soon
SBI chief Arundati Bhattacharya said that the bank had transferred 95 bps out of total 150 bps cut in policy rates to its customers by way of reduction in SBI MCLR base rate. Dhe said that she expects rates to fall further shortly.
10th Sep 16 SBI launches fully automated branch
State Bank of India has launched In Touch branch at Gandhi Nagar in Vellore, which offers fully automated banking services. There are other 15 branches across the state. The automated branch will provide following facilities to customers: opening bank accounts, money deposit and withdrawal, cheques deposit and passbook updation.
07th Sep 16 Arundhati Bhattacharya hopes to kick off SBIs mega merger by Oct-end
SBI hopes to set up the merger of its associates as well as Bharatiya Mahila Bank by October end and try to complete the process by March, 2017. In the beginning of August, the central board of SBI had approved the acquisition of Bharatiya Mahila Bank and its five associate banks and settled the swap ratios for the merger. Under these swap ratio, SBT and SBM shareholders will get 22 shares of 10 SBI shares while SBBJ shareholders will get 28 shares of SBI (Re 1 each) for every 10 shares (Rs 10 each) or a ratio of 1:28.
25th Aug 16 SBIs merger with subsidiaries will increase banks coverage area
State Bank of India merger with State Banks of Bikaner and Jaipur (SBBJ), State Bank of Travancore (SBT), Sate Bank of Patiala (SBP), State Bank of Hyderabad (SBH) and Sate Bank of Mysore (SBM) and Bhartiya Mahila Bank was approved by Government in June. Post Merger SBI will have total asset base of Rs 28.7 lakh crore as compared with current standalone asset base of Rs 22.6 lakh crore. The merger will increase the difference between SBI and ICICI Bank assets, where ICICI Bank will have an asset base of just one-fourth compared to SBI. The merger will also increase SBIs coverage with network of over 24,000 branches and 58,000 ATMs serving over 50 crore customers. The increased geographical network will increase its deposit raising capacity and hence will reduce the cost of funds, which in turn can result in lower borrowing cost for customers.