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State Bank of India ₹20 lakh Home Loan EMI for 15 Years
At the advertised starting rate of 7.5%, the EMI is about ₹18,540 a month, with total interest of about ₹13,37,244.
Source: State Bank of India official page, checked on November 2026 (2026-11-01).
These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.
Prepayment options (optional): pay extra to finish sooner
EMI at higher rates
| Rate | EMI | Total interest | Total payment |
|---|---|---|---|
| 7.5% (starting) | ₹18,540 | ₹13,37,244 | ₹33,37,244 |
| 8% | ₹19,113 | ₹14,40,348 | ₹34,40,348 |
| 8.5% | ₹19,695 | ₹15,45,062 | ₹35,45,062 |
| 9% | ₹20,285 | ₹16,51,360 | ₹36,51,360 |
| 9.5% | ₹20,884 | ₹17,59,209 | ₹37,59,209 |
Year-by-year repayment schedule at 7.5%
How much of each year's payments goes to principal and to interest, and what you still owe at the end of the year. Use the calculator above for a month-by-month view and prepayment options.
| Year | Principal | Interest | Paid | Balance left |
|---|---|---|---|---|
| Year 1 | ₹75,027 | ₹1,47,456 | ₹2,22,483 | ₹19,24,973 |
| Year 2 | ₹80,852 | ₹1,41,631 | ₹2,22,483 | ₹18,44,121 |
| Year 3 | ₹87,129 | ₹1,35,354 | ₹2,22,483 | ₹17,56,993 |
| Year 4 | ₹93,893 | ₹1,28,590 | ₹2,22,483 | ₹16,63,100 |
| Year 5 | ₹1,01,182 | ₹1,21,301 | ₹2,22,483 | ₹15,61,918 |
| Year 6 | ₹1,09,037 | ₹1,13,446 | ₹2,22,483 | ₹14,52,882 |
| Year 7 | ₹1,17,501 | ₹1,04,982 | ₹2,22,483 | ₹13,35,380 |
| Year 8 | ₹1,26,623 | ₹95,860 | ₹2,22,483 | ₹12,08,757 |
| Year 9 | ₹1,36,453 | ₹86,029 | ₹2,22,483 | ₹10,72,303 |
| Year 10 | ₹1,47,047 | ₹75,436 | ₹2,22,483 | ₹9,25,257 |
| Year 11 | ₹1,58,462 | ₹64,021 | ₹2,22,483 | ₹7,66,794 |
| Year 12 | ₹1,70,764 | ₹51,719 | ₹2,22,483 | ₹5,96,030 |
| Year 13 | ₹1,84,021 | ₹38,462 | ₹2,22,483 | ₹4,12,009 |
| Year 14 | ₹1,98,307 | ₹24,176 | ₹2,22,483 | ₹2,13,702 |
| Year 15 | ₹2,13,702 | ₹8,781 | ₹2,22,483 | ₹0 |
Frequently asked questions
What is the EMI for a ₹20 lakh State Bank of India home loan for 15 years?
At State Bank of India's starting rate of 7.5% the EMI is about ₹18,540 a month. If your offered rate is 8.5% it would be about ₹19,695.
How much total interest will I pay?
At 7.5% the total interest over 15 years is about ₹13,37,244, so you repay about ₹33,37,244 in all.