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Home ยป SBI Home Loan EMI Calculator

SBI Home Loan EMI Calculator

Calculator

Amount
Interest Rate
Tenure (in months)

Loan EMI

123

Total Interest Payable

1234

Total Amount

12345

Sure! To calculate the Equated Monthly Installment (EMI) for an SBI (State Bank of India) home loan, you need to know the loan amount, interest rate, and the loan tenure (in years). The formula to calculate EMI is:

EMI = P * r * (1 + r)^n / ((1 + r)^n – 1)

Where:
EMI = Equated Monthly Installment
P = Loan amount
r = Monthly interest rate
n = Loan tenure in months

The monthly interest rate is calculated as (Annual Interest Rate / 12) / 100, and the loan tenure is multiplied by 12 to convert it into months.

Keep in mind that the actual EMI may vary based on the specific terms and conditions of your loan. It’s always a good idea to consult with your bank or use their official calculator for precise calculations.

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