SBI home loan interest rates increased, do you know how much interest rate?

SBI Home Loan: If you want to take a home loan from the country's largest lender, SBI, this bank has increased the interest rate on home loans. SBI Home Loan Rates Hike From June 15, 2024 In such a scenario, what is the SBI home loan interest rate and what will be its EMI every month? Come on, let us know about these things. SBI Home Loan: The country's largest lender, State Bank of India (SBI) also offers home loan facility to working people, businessmen or common man for building a house. Apart from this, SBI gives money from purchase of land to construction of house. Apart from providing loans to land owners, home loans are also provided to landless people for purchase of land and construction of houses. He has imposed some conditions and rules for this. Along with this you have to provide some documents. After this, the bank approves the home loan for building a house. There are several types of SBI Home Loans. These include conventional home loan, top-up loan, tribal plus, CRE home loan, realty loan, reserve mortgage loan and Yono Inta home loan top-up, but here we are talking about conventional home loan. Also Read: In Kolkata, no tomato pan, eggplant is out of the kitchen What is SBI home loan interest rate? SBI's lending rates have been hiked by around 10 basis points or 0.1%. Due to this the EMI of all types of loans related to MCAR will increase. Due to this you will now have to pay more EMI on the loan every month than before. With this hike by SBI, the 1-year MCLR has increased from 8.65% to 8.75%. Overnight MCAR increased from 8% to 8.10%. One month and 3 month MCLR increased from 8.20% to 8.30%. Whereas, looking at the 6-month period, the MCLR has increased from 8.55% to 8.65%. On a longer-term basis, the 2-year MCLR has increased from 8.75% to 8.85%, while the 3-year MCLR has increased from 8.85% to 8.95%. SBI Home Loan EMI Rs. 10 lakh if ​​you get a home loan from SBI, your monthly EMI will be affected by the loan tenure and the compound interest on the loan. In compound interest, the interest is calculated on the initial loan amount and the remaining interest of previous periods. Interest is charged on interest for this reason. If you take a home loan of Rs 10 lakh for five years with SBI, you will have to pay an EMI of Rs 20,468 every month. Thus, the EMI for a home loan is Rs.12,345 for 10 years, Rs.9,789 for 15 years, Rs.8,615 for 20 years and Rs.7,618 for 30 years. Also Read: ITR Refund: How many days after filing ITR will I get refund? The post SBI home loan interest rate hike, do you know how much the interest rate is? Prabhat appeared first in Kabar.