If you take a home loan of ₹ 40 lakh from SBI for 10 years only, how much will be the EMI? How much will you pay back to the bank in total? – India TV Hindi.

SBI is offering home loans at an introductory interest rate of 9.15 percent from April 1, 2024.

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Home loans at an introductory interest rate of 9.15 percent are being offered to customers with a CIBIL score of around 800.

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On this basis, if you take a home loan of ₹ 40 lakh from SBI for just 10 years, as per the calculation, your monthly EMI will be Rs 50,996.

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As per the calculation, you will pay a total interest of Rs 21,19,472 on this loan.

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Accordingly, for this home loan of ₹ 40 lakh, you will end up paying a total of ₹ 61,19,472 to the bank.

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