How much interest will one have to pay on taking a home loan of Rs 30 lakh for 10 years from SBI? – India TV Hindi.

The starting interest rate on SBI Home Loan is 9.15%.

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If you take a home loan of Rs 30 lakh at this interest rate for 10 years, you will have to pay an installment of Rs 38,247 every month.

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You have to pay an interest of Rs 15.89 lakh during the loan tenure.

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In 10 years, you will have to pay a total of Rs 45.89 lakh which includes principal of Rs 30 lakh and interest of Rs 15.89 lakh.

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To get a home loan at an introductory interest rate, you must have a credit score of 750 or above.

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