SBI Home Loan Calculator: Rs 50 lakh for 20 years at 6.7% - This is will be your EMI | Check how to
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Because EMIs are paid monthly, the interest rate will be calculated monthly. As a result, if the interest rate is 10%, you must divide it by 12. The tenure (nper) will also be the number of months. So, for a Home loan of Rs. 50 lakh with a 10% interest rate and a 20-year term, your EMI will be Rs. 48,251.
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Last Update : Feb 24, 2022 7:19 AM
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