HDFC Bank, ICICI Bank, SBI, PNB Home Loan Interest Rates: Check Calculation Of EMI On Rs 75 lakh For 20-Years Home Loan

Check how much interest and EMI you need to pay on home loan for banks like HDFC Bank, ICICI Bank, SBI, PNB & Axis Bank.

Written by: Anirudha Yerunkar Edited by: Anirudha Yerunkar

Published: June 7, 2024, 2:37 PM IST

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https://www.india.com/business/hdfc-bank-icici-bank-sbi-pnb-home-loan-interest-rates-check-calculation-of-emi-on-rs-75-lakh-for-20-years-home-loan-6997730/ Copy

इनकम असेसमेंट

RBI has maintained its stance for over a year on repo rate, by keeping it unchanged at 6.5%. So banks and lenders are expected to keep their interest rates as it is for the next three months. When the repo rate is high, lenders increase home loan interest rates, which then increases EMI for home loan borrowers. 

Check interest rates offered on a Rs 70 lakh home loan by banks such as State Bank of India (SBI), Punjab National Bank (PNB), Canara Bank, ICICI Bank, HDFC Bank, and Axis Bank (As per paisabazaar.com data). You can also check EMI you need to pay on a loan of Rs 75 lakh for the period of 20-years loan 

Check EMI & Interest Rate Calculation For 75 Lakh Rs. Loan For 20 Years

State Bank of India

The lender offers Rs 75 lakh loan with interest in the range of 8.50 per cent-9.85 per cent. So for a 20-year home loan, your EMI can be between Rs 65,087 and Rs 71,633. 

Punjab National Bank

Bank offers Rs 75 lakh loan, with interest rate range between 8.40 per cent and 10.15 per cent. For a 20-year loan, your EMI can be between Rs 64,613 and Rs 73,124. 

Canara Bank

The lender is offering a Rs 75 lakh home loan with interest rate range of 8.45 per cent and 11.25 per cent. With this rate your home loan EMI can be between Rs 64,850 and Rs 78,694 for a 20-year loan. 

ICICI Bank

The bank offers Rs 75 lakh home loan with interest rate range between 8.75 percent interest rate.So the borrower needs to pay EMI somewhere around Rs 66,278 for a 20-year loan.

HDFC Bank Ltd.

The bank starts its home loan interest rate at 8.75 per cent with which EMI can be Rs 66,278 for a 20-year loan.

Axis Bank

The bank offers its Rs 75 lakh loan with interest rate range between 8.75 per cent and 13.30 per cent. So your EMI for a 20-year loan will be in the range of Rs 66.278 and Rs 89,476.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice.)