SBI Home Loan vs PNB Home Loan Calculator: What will be EMI on Rs 30 lakh, Rs 60 lakh and Rs 1 crore loans for 25 years; know here
SBI vs PNB Home Loan EMI Calculation: SBI home loan interest rates for (up to Rs 30 lakh), (above Rs 30 lakh and up to Rs 75 lakh) and (above Rs 75 lakh loans) are in the range of 8.50 per cent-9.85 per cent. PNB home loan interest rates for (up to Rs 30 lakh), (above Rs 30 lakh and up to Rs 75 lakh) and (above Rs 75 lakh loans) are in the range of 8.50 per cent-10 per cent.
SBI vs PNB Home Loan EMI, Repayment Amount Calculation: Home is a necessity for everyone. Some people prefer rented property and delay home buying till mid-40s or 50s; others opt for buying home when they start earning. In either way, home buying is a costly affair. Since the real estate in cities is expensive, a lot of people depend on home loans. Such loans are high in amount and have a have a long duration. Public and private banks and housing finance companies offer home loans. Interest rates can vary from bank to bank. In this write-up, we take you through State Bank of India (SBI) and Punjab National Bank (PNB) home loan interest rates and will tell you about estimated EMI amounts one will pay for loans of 25 years each. (Home loan interest rates source: Paisabazaar.com)
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(Disclaimer: Calculations in this article are estimated. Real EMIs may vary. Please contact bank to know the actual home loan EMI amount.)
SBI Home Loan Interest Rates for (up to Rs 30 lakh), (above Rs 30 lakh and up to Rs 75 lakh) and (above Rs 75 lakh loans)
SBI home loan interest rates for all 3 categories are in the range of 8.50 per cent-9.85 per cent.
PNB Home Loan Interest Rates for (up to Rs 30 lakh), (above Rs 30 lakh and up to Rs 75 lakh) and (above Rs 75 lakh loans)
PNB home loan interest rates for all 3 categories are in the range of 8.50 per cent-10 per cent.
How will we calculate home loan EMI
We will take the upper and the lower interest rate range of all 3 categories for both banks. The loan duration will be 25 years.
SBI home loan EMI for up to Rs 30 lakh, 25-year loan
The EMI range for this loan will be Rs 24,157-Rs 26,944.
SBI Home Loan repayment for up to Rs 30 lakh, 25-year loan
The repayment amount range for this loan will be Rs 72,47,044-Rs 80,83,334.
SBI home loan EMI for Rs 60 lakh, 25-year loan
The EMI range for this loan will be Rs 48,314-Rs 53,899.
SBI home loan repayment amount for Rs 60 lakh, 25-year loan
The repayment amount range for this loan will be Rs 1,44,94,088-Rs 1,61,66,668.
SBI home loan EMI for Rs 1 crore, 25-year loan
The EMI range for this loan will be Rs 80,523-Rs 89,815.
SBI home loan repayment amount for Rs 1 crore, 25-year loan
The repayment amount range for this loan will be Rs 2,41,56,813-Rs 2,69,44,447.
PNB home loan EMI for Rs 30 lakh, 25-year loan
The EMI range for this loan will be Rs 24,157-Rs 27,261.
PNB repayment amount for Rs 30 lakh, 25-year loan
The repayment amount range for this loan will be Rs 72,47,044-Rs 81,78,307.
PNB home loan EMI for Rs 60 lakh, 25-year loan
The EMI range for this loan will be Rs 48,314-Rs 54,522.
PNB home loan repayment amount for Rs 60 lakh, 25-year loan
The repayment amount range for this loan will be Rs 1,44,94,088-Rs 1,63,56,613.
PNB home loan EMI for Rs 1 crore, 25-year loan
The EMI range for this loan will be Rs 80,523-Rs 90.870.
PNB home loan repayment amount for Rs 1 crore, 25-year loan
The repayment amount range for this loan will be Rs 2,41,56,813-Rs 2,72,61,022.