SBI Home Loan Calculator. Calculate EMI and Check the Eligibility using Home Loan EMI Calculator

Updated: May 25,2020 10:26 IST

Vikram Sharma

SBI Home Loan Calculator. Calculate EMI and Check the Eligibility using Home Loan EMI Calculator

SBI Home Loan Calculator provides you with EMI Calculators to check the EMI amount to be paid. SBI Home Loan Calculator is given in Online for different type of Home Loans provided by SBI. More details on SBI Home Loan Calculator to calculate EMI amount and check the eligibility are given in this article.

SBI Home Loan vs. SBI Home Loan Calculator 

SBI is the largest public sector bank in India and also the top Home Loan provider in the country. With around 18,300+ branches, it stretches it’s banking services across the country. SBI Home Loans are opted by customers because of varied products under Home Loan. With the wide range of services SBI also extends its services to its customers to calculate their Home Loan EMI and Eligibility. The applicants can also calculate the Interest Rates of the Home Loans they are going to avail based on their eligibility factors. The Home Loan calculators provided by SBI thus helps the applicants to be well informed in advance regarding the EMI amount they have to pay and also their eligibility and interest rates. Get the official links and More details on SBI Home Loan Calculator are given in the content below.

An Overview on SBI Home Loan Calculator

SBI Home Loan Calculator are used to calculate the EMI (Equated Monthly Instalment) of your Home Loan by just providing few information and there are also calculators provided by SBI to calculate the Home Loan Eligibility. With the necessary data given as input, the calculator will give you the amount one should pay every month depending on the loan amount, interest rate and the tenure of the loan. Not only the EMI amount but EMI Calculator will also help the applicant to know the amount of interest one is paying with respect to the loan amount, the loan tenure and the interest rate. SBI Home Loan Eligibility calculator is a separate calculator provided just to check the eligibility of the candidate to avail the Home loan, the amount he/she is eligible for and the interest rates offered.

What are the Types of SBI Home Loan Calculator?

SBI Home Loans is the largest Mortgage Lender in India, which has helped over 30 lakh families to achieve the dream of owning a home. SBI offers different types of Home Loans for its customers as per their needs and use. For these types of loans it has also given different Calculators separately so that the applicant can make a specific search and get only the information needed for him. The well-defined set of calculators is indeed a benefit for the loan customers and users as it is totally user-friendly. The types of home loan calculators are listed below
  • Home Loan EMI Calculator
  • Home Loan Takeover Calculator
  • Maxgain Home Loan Calculator
  • Flexipay Home Loan Calculator
  • Privilege/Shaurya Home Loan Calculator

Does SBI Home Loan Calculator Available in Online?

SBI Home Loan Calculator Online is an option given by SBI for the benefit of the customers at its official site. The applicants can go to the official site of the bank and calculate the EMI by providing the necessary Information that is asked for. Home Loan Calculator is available in Online making it much easier for the applicants to check for EMI and also eligibility of Home loan just with few clicks. One can also call customer care of the bank and talk to the representatives to know their EMI options and also eligibility. Those finding Online process not comfortable can opt for Offline mode i.e. through customer care.

How to Use a SBI Home Loan Calculator?

SBI Home Loan Calculator to check the EMI provided by the bank for the Home Loan availed. One can choose the suitable Calculator based on the Home Loan he/she is going to avail. Enter the necessary details requested and check the EMI for specific SBI Home Loan requested. The details to needed to calculate EMI are
  • Home Loan Amount
  • Interest Rate
  • Loan Tenure
  • Current Age (for specific type of loan)
  • Moratorium (for specific type of loan)
Once you give the input, the monthly EMI is instantly calculated and displayed. Graph representing Balance amount to be paid at a particular period, interest paid till that particular period, total amount paid, interest amount paid, and principal amount paid are all displayed along with the monthly EMI. This give the applicant a wide knowledge about the loan he/she is going to avail.

More Information on SBI Home Loan EMI Calculator

Every Home Loan Calculator of SBI Home Loan is more are less the same with just few varying factors with the EMI calculated based on the loan type and graph representing the related results. Home Loan EMI calculator is a basic calculator that helps you to calculate the EMI, monthly interest and monthly reducing balance on the basis of principal amount, loan tenure and interest rate. 

Information to be Provided by the Applicant

Results Displayed after Calculation

Information available in the EMI Graph

Home Loan Amount

EMI Amount

EMI paid every month

Loan Tenure

Total interest payable over the loan term

Principal paid every month

Interest Rate

Total payments made over the loan term

Interest paid every month

Other information provided in the SBI Home Loan EMI Calculator table that is given in the EMI calculator page are
  • EMI Months
  • Beginning Loan Balance
  • EMI Amount
  • Principal Amount Paid
  • Monthly EMI Amount Paid
  • Outstanding Balance

SBI Home Loan Calculator for Balance Transfer of Home Loan 

Home Loan Balance Transfer calculator allows you to calculate benefit of transferring your home loan from any bank to SBI. Using this calculator, you can calculate your EMIs after switching the bank, amount that you save after switching the home loan to SBI and the amount you get after investing in recurring deposit after the balance transfer.

Information to be Provided by the Applicant

Results Displayed after Calculation

Information available in the EMI Graph

Current Outstanding Balance

Total payment over the loan term if customer continues with the existing lender

EMI after Switchover

Rate of Interest (charged by lender)

Total payment over the loan term if customer switches to SBI

Existing EMI

Rate of Interest (charged by SBI)

Gross Savings


Remaining repayment term

Total returns from switching over to SBI if savings are invested in an RD


Rate Of Recurring Deposit (p.a.)

Less: Switchover costs (Processing Fee, Prepayment Penalty (if any), Charges towards TIR, Valuation, Stamp Duty, etc.)


Net Savings including additional returns from investment in RD

Information provided in the SBI Home Loan Balance Transfer of Home Loan Calculator table are
  • EMI Months
  • Existing EMI
  • EMI after Switchover
  • Accumulated Saving/Loss
  • Accumulated Returns if Saving are invested

SBI MaxGain Home Loan Calculator

Maxgain Home Loan is an innovative and customer-friendly product enabling the customers to earn optimal yield on their savings by reducing interest burden on Home Loans, with no extra cost. The maxgain calculator allows you to calculate the savings in comparison to regular home loan.

Information to be Provided by the Applicant

Results Displayed after Calculation

Information available in the EMI Graph

Principal Amount

Total Interest Savings

EMI Chart gives you the amount of Savings

Loan Tenure

EMI Chart

Interest Rate


Take Home Monthly Income

This loan calculator has another information required from the applicants upon which the graph is given and other amounts are displayed. The utilisation of the Monthly Income based on percentage are requested from the candidate to show the results.

SBI Flexipay Home Loan Calculator

SBI Flexipay Home loan provides an eligibility for a greater loan. It offers customer the flexibility to pay only interest during initial 3-5 years and thereafter in flexible EMIs. This variant of SBI home loan is very useful for young salaried between 21-45 years. The Flexipay calculator allows you to calculate the EMI division that you pay during the home loan tenure.

Information to be Provided by the Applicant

Results Displayed after Calculation

Information available in the EMI Graph

Home Loan Amount

Duration (e.g. 1-12 months)

EMI paid every month

Loan Tenure

EMI Amount for the Duration

Principal paid every month

Interest Rate


Interest paid every month


SBI Flexipay Home Loan Calculator information provided in the table are
  • EMI Month
  • EMI Amount
  • Interest Amount
  • Principal Amount
  • Balance Amount

SBI Home Loan Calculator for Privilege/Shaurya Home Loan

Privilege Home Loans is an exclusive home loan product for government employees whereas Shaurya Home Loan is for Defense Personals. By entering your basic information like monthly income, desired tenure, current age, moratorium period and rate of interest you will be able to calculate your loan eligibility, monthly EMIs, monthly interest and outstanding balance.

Information to be Provided by the Applicant

Results Displayed after Calculation

Information available in the EMI Graph

Monthly Income

Eligible Loan Amount

EMI paid every month

Current Age

Max Allowed Tenure (Months)

Principal paid every month

Desired Tenure


Interest paid every month

Eligible Rate of Interest

Information provided in the table displayed below the calculator are
  • EMI Month
  • EMI Amount
  • Monthly Interest Amount
  • Principal Amount
  • Outstanding Balance

What are the Benefits of SBI Home Loan Calculator?

With the technological advancement, the task of the people is made simpler. Introduction of Home loan EMI Calculator has helped the people in planning and investing, also has helped the people indirectly in achieving their dreams. The home loan EMI Calculator has many benefits which are as follows.
  • The home loan EMI Calculator gives instant results even for large amount.
  • It is free of cost. This saves the efforts and money of the people.
  • This calculator is very easy and simple to use.
  • Helps in pre-planning of the loan amount and helps for estimation and comparison between different schemes of different banks.
  • This saves a lot of time and effort of the people.

What is the Formula Used for Calculation of Home Loan EMI?

EMI amount related to SBI home loans vary from person to person based on some of the influencing factors such as interest rates, loan principal amount and loan tenure. The monthly home loan EMI payment is calculated easily using a formula.
EMI = (P X R/12) X [(1+R/12) ^N] / [(1+R/12) ^N-1]
In this formula, P symbolizes original loan amount or principal, R is the rate of interest per annum and N is the number of monthly installments/ loan tenure.

What are the Ways to Improve your Eligibility of Availing a SBI Home Loan?

There are  number of ways you can improve your home loan eligibility. The factors are listed below
  • Adding an earning family member as co-applicant.
  • Availing a structured repayment plan.
  • Ensuring a steady income flow, regular savings and investments.
  • Furnishing details of your regular additional income sources.
  • Keeping a record of your variable salary components.
  • Taking actions to rectify errors (if any) in your credit score.
  • Repaying ongoing loans and short terms debts.

Why Should an Applicant Calculate EMI Before Applying for Home Loan?

EMI is one of the primary expense that is associated with any types of loans. Home loans taken are repaid through EMI payment. An applicant who should consider the interest rates of the home loan, charges linked with applying home loans and also the monthly EMI amount which is to be paid. This EMI calculation before applying for the home loan helps the applicants to plan the budget in advance and can avoid any financial difficulty which may arise in future. Some of the other reasons why one should calculate EMI before applying for the loan are as follow.
  • Monthly budget can be managed properly and can maintain a stable standard of living.
  • Pre-payments or pre-closure can planned properly by knowing an approximate EMI before applying for the loan.

Does Prepayment of SBI Home Loans Reduce Monthly EMI?

Prepayment means repaying the loan amount before its due date where the prepayment partial or full. SBI do not charge any fee for prepayment to encourage their customers to repay their loan amount. When prepayment of home loan is made, there are ways an applicant can choose. An applicant may choose to pay same EMI installments and reduce the loan tenure or can reduce the EMI amount and keep the loan tenure same. To save more in the long run, it is wise to pay the same EMI installments amount by reducing the loan tenure. This helps to bring down the interest rates of the home loan.

General Related News

Sardar Patel Scholarship 2020 - Apply Online for Sardar Vallabhai Patel Scholarship 2020 for Student Pursuing Graduation

21 days ago
Sardar Patel Scholarship 2020 for Students Pursuing Graduation: Buddy4Study India Foundation’s Sardar Patel Scholarship 2020 for Student Pursuing Graduation should be applied ....

Aadhar Card - Latest Aadhaar Card Updates and Complete Aadhaar Card Information, Number Online

28 days ago
Aadhar Card - Aadhaar Card is the unified national identity issued by UIDAI for every Indian resident. Aadhar Card has become essential for every single process and transactions, ....

Aadhar Card Download: How to Download Aadhaar Card Online and Print out e-Aadhaar at

35 days ago
Aadhar Card Download - Step by Step Procedure to Download Aadhaar Card by Name, DOB, Entrollment Number, Mobile Number or Without Mobile Number at UIDAI Website. UIDAI is an easier ....

Check Aadhar Card Status Online at UIDAI, Enquiry Aadhar Card Update Status

39 days ago
Aadhar Card Status: Aadhaar Card Status reveals the position of your Aadhar Card application, Check Aadhar Card Update Status by Name, Phone Verification Online and any time after ....

Chandra Grahan 2020: Chandra Grahan Lunar Eclipse on June 5, Chandra Grahan Date, Timing in India

71 days ago
Chandra Grahan 2020: The second 2020 Chandra Grahan Lunar Eclipse is set to take place on June 05. The first lunar eclipse took place on 10th January earlier year. On 5th June ....

OSBCL Odisha Liquor Home Delivery Order Online at - How to order liquor online in Odisha

72 days ago
OSBCL Online Delivery: Odisha State Beverage Corporation(OSBC) Limited resumed its work on Saturday to restart sales of online liquor delivery in Odisha. Liquor home delivery in ....

Aadhar Card for Children. How to Apply Online and Offline Mode and Other Details

74 days ago
Aadhar Card for Children as well as an adult is a voluntary process and can be enrolled for even a newborn baby. Aadhar Card for Children can be got with the proof of address and ....

Aadhar Virtual ID for Aadhar Authentication How to generate VID, Retrieve and More

74 days ago
Aadhar Virtual ID is the 16 digit number which can be generated only by the Aadhar card holders. Aadhar Virtual ID is outlined along with the Aadhar number for the privacy and ....

How to Lock and Unlock Biometrics in Your Aadhar Card Different Methods in Detail

74 days ago
UIDAI had set up a feature for locking and unlocking the cardholders' biometric information. Aadhar Lock and Unlock Biometrics information in Aadhar Card can be done through ....

Aadhar Card for a Non Resident Indian. Procedure to Avail NRI Aadhar and other Information

76 days ago
Aadhar Card for Non Resident Indian can be obtained only by offline mode. To avail Aadhar, a Non Resident of India or NRI must be present in India during the registration of the ....

Trending News

Sukanya Samriddhi Yojana: Sukanya Samriddhi Yojana Interest Rate, Sukanya Samriddhi Yojana Calculator, Know all facts about Sukanya Samriddhi Yojana

3 days ago
Sukanya Samriddhi Yojana: Sukanya Samriddhi Yojana is a scheme initiated in 2015 by the government as part of the Beti Bachao Beti Padhao campaign to encourage the saving for the ....

Hamraaz App - Download Hamraaz Army App Latest Version, Know Details about Indian Army Hamraaz App 6.5 Latest Version

3 days ago
Hamraaz App - The India Soldiers can download the Hamraaz Army App 6.5 Latest Version launched by the Indian Army. Indian Army Hamraaz App is an Android Mobile App Established ....

IPL 2020 Players List and Teams List: VIVO IPL 2020 Complete Squad List of all teams, Players List

15 days ago
IPL 2020 Players List and Teams List - IPL 2020 is set to start on 19 September 2020 in the United Arab Emirates. IPL 2020 consists of 8 teams and each IPL 2020 Team has a list ....

IPL 2020 Players List and Teams List: VIVO IPL 2020 Complete Squad List of all teams, Players List

15 days ago
IPL 2020 Players List and Teams List - IPL 2020 is set to start on 19 September 2020 in the United Arab Emirates. IPL 2020 consists of 8 teams and each IPL 2020 Team has a list ....

Kuttyweb 2020: Kuttyweb Tamil MP3 Songs Download, Malayalam Songs Download, Kuttyweb Movies News

15 days ago
Kuttyweb 2020: Kuttyweb is a Illegal website to download MP3 Songs Illegally for Free to Users from Kuttyweb com. The Kuttyweb platform is notorious for illegally publishing the ....

HDMovie99 2020: HDMovie99 Illegal 300MB Movies 480p Movies, Dual Audio Movies Download, Latest HDMovie99 Website Movies News

16 days ago
HDMovie99 2020: HDMovie99 is an Illegal Website to download Latest Hindi Dubbed Movies, Bollywood Movies online illegally at HDMovie99 com . The resolution (480p, 720p, 1080p) ....

Ipagal 2020: Ipagal Illegal Bollywood, Hollywood Movies HD Download, Latest Ipagal Movies News at ipagal com

16 days ago
Ipagal 2020: Ipagal is a notorious torrent website that posts Bollywood movies illegally, as well as i Pagal Hollywood Dubbed Movies and Tamil Dubbed Movies for Free from Ipagal ....

Mp4mania 2020: Illegal HD Mp4mania Bollywood, Hollywood & Hindi Dubbed Movies Download, MP4 Mania Website News and Updates from Mp4mania

16 days ago
Mp4Mania 2020: Mp4mania is an illegal site that leaks not only Hindi or English films but also other language films, including Tamil, Telugu, Malayalam, Kannada, Gujarati, and ....

HdMoviePlus 2020: Illegal Hindi Dubbed HD Movies, Web Series Download HdMoviePlus Website, HDMovies Plus Latest News

16 days ago
HdMoviePlus 2020: Hdmovieplus is an online streaming film website that offers you to watch or import video movies from Hdmovieplus Bollywood, Hollywood, Tamil, and Telegu, without ....

Filmy4wap 2020: Filmy4wap Illegal HD New Bollywood Movies Download, Latest Filmy4wap Movies News

16 days ago
Filmy4wap 2020: Filmy4Wap is a piracy websites which allow users to download Movies Online Illegally from Filmy4wap xyz. Filmy4Wap Leaks to download New Bollywood Movies, English, ....

SBI Home Loan Calculator - FAQ


Who can avail of SBI home loans?

SBI home loans are available to individuals and non-individuals, both salaried and self-employed.


What is the amount I can avail of with a home loan?

SBI provides home loans ranging from Rs. 15 Lakh to up to Rs. 10 Crore.


What is the maximum tenure of an SBI home loan?

The maximum tenure of an SBI home loan is 30 years.


Is it possible to transfer the outstanding home loan from another lending institution to SBI?

Yeah, SBI provides conversion services for home loan balances. This means consumers will move their remaining sum of home loan to SBI. In case additional funding is required over and above the ongoing home loan, it also offers home loan top-ups.


What are the tax benefits on the SBI home loan?

Pursuant to Income Tax Section 80C, home loan lenders earn different tax incentives on the principal and interest balance of the home loan. Customers may claim a deduction of up to Rs. 1.5 lakh on the principal amount of their home loan and up to Rs. 3.5 lakh on the interest amount of their home loan. The postage duty and the renewal costs are also liable for tax deductions within some terms. Homebuyers looking to buy subsidized housing would earn an extra tax gain under Section 80EEA of Rs. 1.5 lakh on the interest on home loans.

FreshersLive - No.1 Job site in India. Here you can find latest 2020 government as well as private job recruitment notifications for different posts vacancies in India. Get top company jobs for both fresher and experienced. Job Seekers can get useful interview tips, resume services & interview Question and answer. Practice online test free which is helpful for interview preparation. Register with us to get latest employment news/rojgar samachar notifications. Also get latest free govt and other sarkari naukri job alerts daily through E-mail.