Home loans are offered to their customers by different banks in the country at different interest rates. In such a situation, you should choose a good bank before taking a home loan. Today we will tell you about the home loan of SBI, the country's largest government bank.

Every person dreams of buying his own house, but buying a house is not an easy task. Lakhs of rupees are needed to buy a house. In such a situation, for a common man, his entire life's earnings fall short of buying a house. In such a situation, buying a house by taking a home loan from the bank is the best option. Nowadays many people are taking home loans from the bank to buy a house. In such a situation, if you are also planning to take a home loan, then you must know about the math of a home loan.

Home loans are offered to their customers by different banks in the country at different interest rates. In such a situation, you should choose a good bank before taking a home loan. Today we will tell you about the home loan of the country's largest government bank SBI. We will tell you about the calculation of EMI on taking a home loan from SBI. Let us know.

Home loan from SBI

The country's largest government bank SBI offers home loans to its customers at an initial interest rate of 8.25 percent. This interest rate can change depending on your CIBIL score. If you want to take a home loan of 60 lakhs from SBI, then you should know about the EMI every month.

Home loan of 60 lakhs from SBI

If you take a home loan of 60 lakhs from SBI and your CIBIL score is good, then you will get it at the rate of 8.25 percent. If you take a home loan of 60 lakhs from SBI for 10 years, you will have to pay Rs 73,592 every month as EMI. In such a situation, you will give a total of Rs 88,30,989 to the bank in 10 years. In this way, you will have to pay Rs 28,30,989 only as interest on a home loan of Rs 60 lakh.