Home is a word that is every person’s first priority whether it is women or men and SBI Bank fulfills your desire of buying a new house, property, renovation and extension of your existing property by offering you home loans. SBI Home Loan interest rates are attractive and you can calculate your total payable loan EMI using SBI Home Loan EMI Calculator. To know more about SBI Home Loans and its features read the given article.
Attractive home loan interest rates offered by the SBI
SBI provides you a home loan at a starting interest rate of 8.15% on your borrowed loan amount from the bank. The loan interest rate depends on your eligibility and the property value such as SBI home loan interest rates for a salaried women is from 8.15% to 8.60%, whereas the interest rate is 8.30% to 8.65% for self-employed women. SBI provides a lower home loan interest rate especially to women applicants, because they are the base of a family. On the other hand, SBI Bank home loan interest rate for salaried men is from 8.20% to 8.65% or for self-employed men the rate of interest is 8.35% to 8.80%.
SBI home loan interest rates are flexible and depend on the bank Marginal Cost Fund Based Lending Rate (MCLR). And if your property or house is in a good locality then your property value increases and the bank offers you a suitable home loan interest on your borrowed loan amount.
Use SBI Home Loan EMI Calculator & Estimate your monthly Installments
You can use the EMI Calculator to compute your loan monthly installments by mentioning your loan details such as loan amount, interest rate and loan tenure. When you entered these details inside the SBI Home Loan EMI Calculator then it will generate your loan EMIs instantly. You can view the monthly loan installment of your SBI home loan in the EMI chart and Amortization table which would be shown on your screen. With the help of that you can easily pay your loan installments easily by choosing a suitable loan payment duration. The device works on the formula [P x R x (1+R)^N]/[(1+R)^N-1].
SBI housing finance loan with lowest rate & efficient tools
Till now you must have understood about SBI Home Loans & the beneficial services it is providing to you. So, if you have made your decision of choosing SBI as your home finance provider to enjoy the benefits of lower SBI home loan interest rates then follow the given steps to apply for it.
- Visit the nearby SBI branch and apply for a home loan by filling out the application form and submitting the required documents.
- Otherwise, for a hassle-free home loan application service, you can home loan by visiting the bank official website.
- Click on the “Apply Now” Option and fill your personal details and submit it to the bank.
- If you are an existing account holder or loan customer of SBI then you can also get pre-approved loan offers via message or email.
Enjoy a trouble-free Home Loan experience with SBI Home Loans.