5 Lakh Home Loan EMI SBI with Calculator and Interest Rates
Planning to buy your first home or invest in a small property? SBI’s ₹5 Lakh Home Loan is an ideal choice. Enjoy affordable interest rates starting from 8.50% and flexible repayment tenure of up to 30 years, making your EMI simple and hassle-free to manage.
₹5 Lakh Home Loan EMI SBI with Calculator and Interest Rates 2025
The 5 Lakh Home Loan EMI SBI depends on the loan tenure and interest rate. For instance, if you opt for a 5 Lakh Home Loan EMI for 5 years at an 8.50% interest rate, your monthly EMI will be around ₹10,275. For a longer tenure of 10 years at the same rate, the EMI reduces to approximately ₹6,199. To get accurate figures, use the SBI Home Loan EMI Calculator available on the SBI Realty website or trusted financial portals, as interest rates may vary.
5 Lakh Home Loan EMI SBI Interest Rates 2025
SBI provides different types of home loan products that will continue to see some interest rates that are dependent on the type of scheme plus your profile. Here is some of the popular types of home loan with SBI and the existing rates:
| Type of SBI Home Loan | Interest Rate Range |
| Regular Home Loan | 7.50% onwards |
| Home Loan Maxgain (OD) | 8.70% – 9.85% |
| Tribal Plus Home Loan | 8.60% – 9.55% |
| Top-Up Loan | 8.80% – 11.30% |
| Top-Up Loans (OD) | 9.00% – 9.95% |
| P-LAP Loan | 10.00% – 11.30% |
| Reverse Mortgage Loan | 11.55% |
| Yono Insta Home Top-Up Loan | 9.35% |
| **The rate of interest might vary according to your credit score | |
5 Lakh Home Loan EMI SBI Details
Wondering how much you need to pay every month for a home loan? Let’s make it simple! If you are planning a SBI home loan 5 lakh EMI 5 years, here’s an idea of your monthly payments based on a 5-year repayment tenure.
**Please note: We are using an 8.50% interest rate for calculating the EMI as that’s the starting rate of SBI..**
| Tenure | EMI Amount |
| 5 lakh home loan EMI for 5 Years | ₹ 10258 |
| 10 Years | ₹ 6199 |
| 15 Years | ₹ 4924 |
| 20 Years | ₹ 4339 |
| 25 Years | ₹ 4026 |
| 30 Years | ₹ 3845 |
How to Calculate ₹5 Lakh Home Loan EMI SBI?
The method of calculating your ₹5 lakh EMI is very simple. Here’s how you can do it using a formula:
EMI= [P*R*(1+R)^N]/[ (1+R)^N-1]
Here’s what each of the letters stands for:
- EMI: Your monthly payment
- P: Your loan amount (₹5,00,000)
- R: Monthly rate of interest (annual rate divided by 12)
- N: Loan tenure in months (years multiplied by 12)
Using the above formula, you can easily calculate the monthly instalment for your SBI home loan 5 lakh EMI.
5 Lakh Home Loan EMI SBI Calculator
Finding your 5 Lakh Home Loan EMI for 5 years doesn’t have to be complicated. Instead of manually calculating, you can use online tools like the NoBroker EMI Calculator or the SBI Home Loan Calculator 5 lakh to quickly find your monthly installments.
Here’s what you need to enter:
- Loan Amount: ₹5 lakh, the amount you plan to borrow from SBI
- Interest Rate: Enter the rate applicable to your home loan, for example, 8.50%
- Loan Tenure: Total number of years to repay the loan, e.g., 5 years
Once you fill in these details, the calculator will show:
- EMI (monthly repayment): Your SBI home loan 5 lakh EMI 5 years, i.e., the amount you need to pay each month
- Total Interest: The total interest payable over the loan tenure
Using these calculators makes planning your home loan hassle-free and accurate.
How to Qualify for a ₹5 Lakh SBI Home Loan?
Are you planning to get a ₹5 lakh home loan from Emi SBI? Here are a few criteria you need to meet to get a home loan from SBI:
- Age Requirement: To get a home loan from SBI, you need to be at least 18 years old. The maximum age should be around 70 at the end of the loan term.
Credit Score: A score of 750 or higher can significantly smooth the path to securing a home loan. - Job Stability: Another essential criterion for getting an SBI home loan 5 lakh EMI
- is having a stable job or income source. This shows that you are capable of repaying the loan. Banks like SBI prefer it if you have been at your current job for a while.
- Income Needs: Your income should be enough to cover the monthly payments comfortably. Generally, your yearly income should be three to four times the amount of the annual EMIs.
Essential Documents Needed for a ₹5 Lakh Home Loan EMI SBI
Applying for a home loan, like a 5 Lakh Home Loan EMI for 5 years, can seem overwhelming, but having all the required documents ready makes the process smooth. Here’s a user-friendly checklist for your SBI home loan 5 lakh EMI 5 years application:
- Proof of Identity: Submit any one of these – PAN card, Aadhaar card, passport, or driver’s license.
- Proof of Address: Provide utility bills, rental agreement, or any official address proof.
- Proof of Income: Include salary slips, Form 16, or income tax returns to show your earnings.
- Employment Proof: Offer letter or employment verification letter from your employer.
- Bank Statements: Recent statements to reflect your financial history and behavior.
- Property Documents: If you’ve selected a property, bring the sale agreement and title deed.
- Photographs: A few passport-size photos as per SBI requirements.
- Loan Application Form: Complete and sign the SBI home loan application form.
- Investment Proof (if any): Include documents for any existing investments.
Having these documents ready will help you easily calculate and plan your SBI home loan 5 lakh EMI, especially if you are opting for a 5-year tenure. This ensures a hassle-free approval process and smooth loan disbursal.
SBI Home Loan 5 Lakh EMI 5 Years
Are you considering borrowing a ₹5 lakh home loan from SBI for a 5-year term? Understanding your monthly payments is easier than you might think. Here’s a simple breakdown of what your monthly payments would look like using the formula given below:
EMI = [P x R x (1+R)^N] / [(1+R)^N – 1]
For a ₹5 lakh Home loan EMI SBI at an 8.50% interest rate over five years, your monthly payment would be approximately:
EMI= ₹ [5,00,000 x 0.00708 x (1 + 0.00708)^60] / [(1 + 0.00708)^60 – 1]
EMI ≈ ₹10258
The monthly SBI home loan 5 lakh EMI will be around ₹10258 over 5 years. The total repayment amount will be ₹ 615,496, including ₹115,496 interest.
| Tenure | 5 Years |
| Loan Amount | ₹5 Lakh |
| Rate of Interest (p.a.) | 8.50% |
| EMI | ₹10258 |
| Total Interest | ₹115,496 |
| Total Repayment | ₹ 615,496 |
5 Lakh Home Loan EMI SBI for 10 Years
Planning to take a ₹5 lakh home loan from SBI for a 10-year term? Let’s break down your monthly payments with a straightforward calculation using the formula given below:
EMI = [P x R x (1+R)^N] / [(1+R)^N – 1]
For a ₹5 lakh loan at an 8.50% interest rate over ten years, the EMI calculation would be:
EMI= ₹ [5,00,000 x 0.00708 x (1 + 0.00708)^120] / [(1 + 0.00708)^120 – 1]
EMI ≈ ₹6199
Your monthly SBI home loan 5 lakh EMI will be around ₹6199 over 10 years. The total repayment amount will be ₹743,914, including ₹243,914 in interest.
| Tenure | 10 Years |
| Loan Amount | ₹5 Lakh |
| Rate of Interest (p.a.) | 8.50% |
| EMI | ₹ 6199 |
| Total Interest | ₹ 243,914 |
| Total Repayment | ₹ 743,914 |
₹5 Lakh Home Loan EMI SBI for 15 Years
Are you considering getting an SBI home loan 5 lakh EMI, extending up to 15 years? Here’s how your payments would shape up using this formula:
EMI = [₹500,000 x 0.00708 x (1 + 0.00708)^180] / [(1 + 0.00708)^180 – 1]
EMI ≈ ₹4924
With an interest rate of 8.50%, your monthly instalment would be approximately ₹4924. The total repayment sum will amount to ₹ 886,266, which includes ₹ 386,266 in interest.
| Tenure | 15 Years |
| Loan Amount | ₹5 Lakh |
| Rate of Interest (p.a.) | 8.50% |
| EMI | ₹ 4924 |
| Total Interest | ₹ 386,266 |
| Total Repayment | ₹ 886,266 |
₹5 Lakh Home Loan EMI SBI for 20 Years
Do you want to get a 20-year term for a SBI home loan 5 lakh EMI? Then here’s what you need to know about your monthly payments:
EMI = [₹500,000 x 0.00708 x (1 + 0.00708)^240] / [(1 + 0.00708)^240 – 1]
EMI ≈ ₹4339
This means your monthly EMI will be about ₹4339. The total amount repaid at the end of the term will be ₹1,041,388, with ₹541,388 paid in interest.
| Tenure | 20 Years |
| Loan Amount | ₹5 Lakh |
| Rate of Interest (p.a.) | 8.50% |
| EMI | ₹ 4339 |
| Total Interest | ₹ 541,388 |
| Total Repayment | ₹ 1,041,388 |
₹5 Lakh Home Loan EMI SBI for 25 Years
Want to take an SBI home loan 5 lakh EMI over 25 years? Here’s a simple way of calculating your monthly payments:
EMI = [₹500,000 x 0.00708 x (1 + 0.00708)^300] / [(1 + 0.00708)^300 – 1]
EMI ≈ ₹4026
Your monthly EMI for this term will be approximately ₹4026. Total repayment will amount to ₹1,207,841, including ₹ 707,841 in interest.
| Tenure | 25 Years |
| Loan Amount | ₹5 Lakh |
| Rate of Interest (p.a.) | 8.50% |
| EMI | ₹ 4026 |
| Total Interest | ₹ 707,841 |
| Total Repayment | ₹ 1,207,841 |
₹5 Lakh Home Loan EMI SBI for 30 Years
If you are considering the longest term available, a 30-year home loan for ₹5 lakh from SBI, here are the payment details:
EMI = [₹500,000 x 0.00708 x (1 + 0.00708)^360] / [(1 + 0.00708)^360 – 1]
EMI ≈ ₹3845
With a 30-year term, your monthly EMI will be about ₹3,845. The total repayment amount comes to ₹ 1,384,044, including ₹ 884,044 in interest.
| Tenure | 30 Years |
| Loan Amount | ₹5 Lakh |
| Rate of Interest (p.a.) | 8.50% |
| EMI | ₹ 3845 |
| Total Interest | ₹ 884,044 |
| Total Repayment | ₹ 1,384,044 |
Different Types of Home Loans Provided by SBI
Planning to buy a home and wondering how to manage your SBI home loan 5 lakh EMI 5 years? SBI provides a variety of home loan options to suit different needs and financial situations. Here’s a simple guide to the types of home loans offered by 5 Lakh Home Loan EMI SBI:
- General Home Loan – For purchase, construction, or balance transfer of an existing home loan.
- Home Loan Take Over / Balance Transfer – Transfer your existing home loan to SBI for better rates.
- NRI Home Loans – Specially designed loans for Non-Resident Indians.
- SBI Flex pay Home Loan – Offers higher eligibility with step-up moratorium options.
- SBI Privilege Home Loan – Exclusive for employees of State & Central Government, PSBs, and PSUs.
- Shaurya Home Loan – For Defense, Navy, and Air Force personnel.
- Pre-Approved Home Loan – Quick approval for eligible customers.
- SBI Realty Home Loan – For purchasing plots.
- Home Top-Up Loan – Get additional funds on your existing home loan for personal needs.
- YONO Insta Home Top-Up – A digital version of the top-up loan for fast processing.
- Home Loan to Non-Salaried – Tailored offerings for self-employed borrowers.
- SBI Tribal Plus – Special schemes for tribal communities.
Choosing the right type of SBI home loan can help you plan your 5 Lakh Home Loan EMI for 5 years efficiently, making repayment smooth and manageable.
Things to Keep in Mind While Applying for a ₹5 Lakh Home Loan EMI SBI
When considering a SBI home loan 5 lakh EMI, it is essential to remember a few critical tips. These suggestions will help you make informed decisions and manage your loan effectively.
Check Your Credit Score
Start by ensuring your credit score is healthy. A score of 750 or higher boosts your chances of getting a better loan deal with lower interest rates.
Verify Your Eligibility
Make sure you meet SBI’s criteria. This includes factors like age, income, and nationality.
Evaluate Your Financial Health
Consider your current income and expenses to see if you can easily manage your loan repayments. Stable employment is also crucial.
Calculate Your Monthly Payments
Use an online EMI calculator. It will show you what you must pay each month for different loan durations, helping you pick a term that fits your budget.
Understand Total Costs
Be aware of the total interest you will pay during the loan term. Knowing this will help you understand the full cost of borrowing.
Essential Tips for a Smooth ₹5 Lakh Home Loan EMI SBI Application
Getting a home loan is a significant milestone. Here are some dos and don’ts to help you successfully navigate your ₹5 lakh SBI home loan application.
| Do’s | Don’ts |
| Review Your Credit Report: Ensure your credit report is correct. Correct any mistakes to enhance your likelihood of securing a favorable loan agreement. | Avoid Multiple Applications: Avoid applying for several loans simultaneously, as this can harm your credit rating. |
| Compare Interest Rates: Research to find the best interest rates. This can save you money in the long run. | Don’t Borrow More Than You Need: Consider your budget and financial constraints before borrowing more than you can comfortably repay. |
| Consider Extra Costs: Account for additional expenses like registration, insurance, and taxes. | Mind Your Credit History: Do not overlook your past credit usage. A positive history can secure you better loan terms. |
| Maintain Financial Stability: Make sure you have a stable job and a consistent income. This shows lenders that you are capable of repaying the loan. | Watch for Hidden Costs: Stay alert to any hidden fees that may not be obvious at first. |
| Plan for the Future: Have a contingency plan for emergencies or financial changes. This helps manage your loan effectively and without stress. | |
| Read the Fine Print: Review all loan terms thoroughly before agreeing to ensure there are no surprises later. |
**Following these tips can help you in getting a ₹5 lakh home loan from SBI easily**
Reasons to Choose a ₹5 Lakh Home Loan EMI SBI
Buying a new home is a big decision; therefore, choosing the right loan is very important. SBI ranks among the top banks in India and is known for offering the best home loan services. There are several reasons why the State Bank of India stands out from other service providers. These are:
Offers a Variety of Options
SBI offers a vast range of home loans. Whether you are a first-time home buyer or someone looking to refinance, it offers something for each of you.
Provides Competitive Interest rates
The bank is known to provide home loans at one of the lowest interest rates in the Indian market. This can help you manage your monthly payments easily.
Calculates Daily Interest
Another reason to choose an SBI home loan is that it calculates the interest rates regularly. As the interest is calculated daily, you can save a significant amount of money over time.
Low Fees
SBI is known for charging low fees for home loans. The fees charged are quite straightforward and do not have any hidden extra costs.
Overdraft Facility
SBI also provides a facility to repay your money on time. If you have extra money, it allows you to pay off your loan faster than its assigned time.
No Penalty on Prepayment
If you want to pay off your loan earlier than its assigned time, you can do that without paying any extra money. SBI does not charge any extra money on prepayment; therefore, this can be beneficial for you in saving on interest.
Huge Network
It is among the most popular banks in India, with over 24,000 branches. Therefore, you can easily get their help no matter where you are. Their expert team is always ready to help you.
How NoBroker Can Help You Get a ₹5 Lakh SBI Home Loan?
Getting a 5 lakh home loan EMI SBI can seem tough, but it doesn’t have to be! NoBroker Home Loan Services streamlines the process, making it easy and hassle-free for you. Our team is here to guide you through every step, ensuring you get the best terms possible.
We compare different loans to find the perfect one for you, help you understand all the details, and support you in preparing your documents and filling out the application. With NoBroker, you don’t just apply for a loan; you get a partner who cares about making sure it fits your budget and needs. Are you ready to take the next step towards owning your dream home? Contact NoBroker today to make it happen with ease!
Conclusion
A ₹5 lakh SBI home loan is an excellent choice for managing your home purchase or renovation needs. With competitive interest rates, flexible tenures, and low fees, SBI makes monthly EMIs manageable, whether you choose a 5-year or 30-year repayment plan.
By using NoBroker, you can make the loan process simpler and faster—compare options, calculate EMIs, and apply confidently without worrying about paperwork or hidden charges. Take control of your home financing today and make your dream home a reality with SBI and NoBroker.
