If you take a home loan of Rs 45 lakh for 20 years from SBI, how much will be the EMI? – India TV Hindi.

SBI charges interest on home loan according to credit score. If your score is more than 750, you will get cheaper home loan.

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Let us assume that your credit score is more than 750 then SBI gives you a home loan at 9.15%.

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Now if you borrow Rs 45 lakh for 20 years at 9.15% interest rate, the monthly EMI will be Rs 40,923.

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We tell you that in 20 years you will pay a total of Rs 53,21,472 as interest. After 20 years you will return Rs 98,21,472 to the bank.

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Next: If you take a personal loan of Rs 10 lakh for 5 years from SBI, how much will be the EMI?

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