🇮🇳 India 🏛️ SBI Last updated2026-05-13

SBI EMI Calculator 2026 rates.

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Quick answer

SBI home loan rate starts at 8.25% (typical 8.5%) as of 2026. A ₹50 lakh loan at 8.5% over 20 years = an EMI of approximately ₹43,391/month.

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EMI Calculator

Live

Loan Amount

₹

₹25.00 L

Interest Rate (p.a.)

Tenure (years)

Monthly EMI

₹21,696

/month

Total Interest

₹27.07 L

52% of total

Total Payable

₹52.07 L

over 20 years

Principal vs Interest Split

48% principal

52% interest

✨ Live · For home, personal, auto, education loans · Excludes processing fees

📊 Current rates

SBI loan rates (May 2026)

🏠 Home Loan

8.25–9.4%

typical: 8.5% p.a.

💵 Personal Loan

11–14.5%

typical: 11.45% p.a.

🚗 Car Loan

8.75–9.65%

typical: 8.95% p.a.

💳 Processing Fee

0.35% of loan amount (min ₹2,000, max ₹10,000 for home loans)

🔁 Prepayment

Zero foreclosure on floating-rate home loans. Up to 3% on fixed-rate or NRI loans.

🏛️ About SBI

Why choose SBI?

SBI is India's largest bank and home loan lender by book size (~₹8 lakh crore home loan book). As a public-sector bank, SBI offers some of the lowest rates in the market — typically 10-25 bps cheaper than private banks. The trade-off: slower processing (10-21 days) and more documentation.

🎯 Unique angle

Lowest rates in the market for prime borrowers, especially via the SBI MaxGain home loan (overdraft-linked structure where parked surplus reduces interest). MaxGain is uniquely beneficial for self-employed/businesspeople with variable cash flow.

Product highlights

✓ SBI Regular Home Loan: 8.25-9.4% with up to ₹10 crore loan size
✓ SBI MaxGain: overdraft-linked home loan — save interest by parking surplus
✓ SBI Privilege: subsidized rates for government employees (-25 bps)
✓ SBI Shaurya: subsidized rates for defense personnel
✓ YONO app for end-to-end digital application

❓ SBI FAQ

Common questions.

What is SBI MaxGain home loan and is it worth it?

SBI MaxGain is an overdraft-linked home loan: you have a current account linked to the loan, and any surplus you park in it reduces the interest-charging principal daily. Excellent for businesspeople with variable cash flow. The catch: you must maintain the account actively, and there's an additional ~25 bps rate premium vs Regular Home Loan.

Is SBI cheaper than HDFC for home loans?

Typically yes — SBI is 10-25 basis points cheaper at any given LTV. The trade-offs: SBI processing is slower (10-15 days vs 5-7 for HDFC), documentation is more rigorous, and SBI doesn't pre-approve as aggressively. Match the bank to your urgency.

Does SBI offer EMI moratorium?

SBI offers an "EMI holiday" of up to 3-6 months in cases of job loss or medical emergency (subject to approval, accrued interest is capitalized). For new home buyers, SBI also offers a pre-EMI period during under-construction phase.

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