| Month | Opening Balance | EMI | Principal | Interest | Closing Balance |
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In the past few years, home loans have empowered millions of individuals to purchase their dream houses without much hassle. SBI home loans are primarily offered to businessmen and self-employed people having good credit histories. However, even salaried employees, NRIs, and farmers can apply for a loan from SBI, depending on the fulfillment of specific criteria.
Prospective borrowers are often confused about the EMI tenure and amount. Knowing the EMI amount will help such borrowers to successfully repay their loans. You can use an SBI Home Loan EMI calculator to know in advance about the interest rates, EMI amount, and loan tenure.
SBI Bank home loan calculator will allow you to plan your loan repayment. You can change the loan amount, tenure, and interest rates in the home loan calculator to find the best home loan plan for yourself.