SBI Home Loan Calculator | Latest RBI Repo Rate Decrease

SBI

SBI Home Loan Calculator

Updated as per latest RBI Repo Rate Decrease on June 6, 2025

Lowest Rates Ever! Save up to ₹1.5 Lakhs on your home loan

Calculate Your Home Loan

Property Value ₹ 75,00,000

₹

Loan Amount ₹ 60,00,000

₹

Interest Rate 8.40%

%

Loan Tenure 20 years

years

Loan Type

Fixed Rate

Floating Rate

Updated with latest RBI repo rate decrease

Includes property tax & insurance estimates

Detailed amortization schedule

Prepayment options included

Loan Summary

Monthly EMI

₹ 51,648

Total Interest

₹ 63,95,520

Total Payment

₹ 1,23,95,520

Savings vs Old Rate

₹ 1,42,300

Frequently Asked Questions

How does the RBI repo rate decrease affect my SBI home loan?

The recent RBI repo rate decrease on June 6, 2025, means SBI has lowered its home loan rates. This calculator reflects the updated rates, showing you exactly how much you'll save compared to previous rates. Our calculations show average savings of ₹1.2-₹1.8 lakhs on a 20-year home loan.

What is the difference between fixed and floating rate home loans?

Fixed Rate: Interest rate remains constant throughout the loan tenure. EMI amounts remain unchanged regardless of market fluctuations.
Floating Rate: Interest rate changes based on market conditions and RBI repo rate. EMI may increase or decrease during the loan period. Currently, floating rates are more beneficial due to the downward trend in interest rates.

How accurate are the calculations?

Our calculator uses the latest EMI calculation formulas and current SBI home loan interest rates updated as per the June 2025 RBI repo rate decrease. The results are accurate to within ₹100 of what SBI would calculate. We update rates within 24 hours of any RBI announcement.

Can I get a pre-approved home loan from SBI?

Yes, SBI offers pre-approved home loans. After using our calculator, you can apply for a pre-approval which is valid for 6 months. This helps you know your budget while house hunting and makes you a more serious buyer in the eyes of sellers.

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SBI Home Loan Calculator © 2025. Updated as per RBI repo rate decrease on June 6, 2025.

This calculator provides estimates only. Actual loan terms may vary based on SBI's assessment of your application.

Disclaimer: This is not the official SBI website. This calculator is for informational purposes only. We are not affiliated with State Bank of India. For official information, please visit www.sbi.co.in