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State Bank of India ₹20 lakh Home Loan EMI for 20 Years
At the advertised starting rate of 7.5%, the EMI is about ₹16,112 a month, with total interest of about ₹18,66,847.
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) | ₹16,112 | ₹18,66,847 | ₹38,66,847 |
| 8% | ₹16,729 | ₹20,14,912 | ₹40,14,912 |
| 8.5% | ₹17,356 | ₹21,65,552 | ₹41,65,552 |
| 9% | ₹17,995 | ₹23,18,685 | ₹43,18,685 |
| 9.5% | ₹18,643 | ₹24,74,230 | ₹44,74,230 |
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 | ₹44,864 | ₹1,48,479 | ₹1,93,342 | ₹19,55,136 |
| Year 2 | ₹48,347 | ₹1,44,996 | ₹1,93,342 | ₹19,06,790 |
| Year 3 | ₹52,100 | ₹1,41,242 | ₹1,93,342 | ₹18,54,690 |
| Year 4 | ₹56,145 | ₹1,37,198 | ₹1,93,342 | ₹17,98,545 |
| Year 5 | ₹60,503 | ₹1,32,839 | ₹1,93,342 | ₹17,38,042 |
| Year 6 | ₹65,200 | ₹1,28,142 | ₹1,93,342 | ₹16,72,842 |
| Year 7 | ₹70,262 | ₹1,23,080 | ₹1,93,342 | ₹16,02,580 |
| Year 8 | ₹75,716 | ₹1,17,626 | ₹1,93,342 | ₹15,26,863 |
| Year 9 | ₹81,595 | ₹1,11,748 | ₹1,93,342 | ₹14,45,269 |
| Year 10 | ₹87,929 | ₹1,05,413 | ₹1,93,342 | ₹13,57,340 |
| Year 11 | ₹94,755 | ₹98,587 | ₹1,93,342 | ₹12,62,585 |
| Year 12 | ₹1,02,111 | ₹91,231 | ₹1,93,342 | ₹11,60,473 |
| Year 13 | ₹1,10,038 | ₹83,304 | ₹1,93,342 | ₹10,50,435 |
| Year 14 | ₹1,18,581 | ₹74,761 | ₹1,93,342 | ₹9,31,854 |
| Year 15 | ₹1,27,787 | ₹65,556 | ₹1,93,342 | ₹8,04,068 |
| Year 16 | ₹1,37,707 | ₹55,635 | ₹1,93,342 | ₹6,66,360 |
| Year 17 | ₹1,48,398 | ₹44,945 | ₹1,93,342 | ₹5,17,963 |
| Year 18 | ₹1,59,918 | ₹33,424 | ₹1,93,342 | ₹3,58,045 |
| Year 19 | ₹1,72,333 | ₹21,009 | ₹1,93,342 | ₹1,85,712 |
| Year 20 | ₹1,85,712 | ₹7,631 | ₹1,93,342 | ₹0 |
Frequently asked questions
What is the EMI for a ₹20 lakh State Bank of India home loan for 20 years?
At State Bank of India's starting rate of 7.5% the EMI is about ₹16,112 a month. If your offered rate is 8.5% it would be about ₹17,356.
How much total interest will I pay?
At 7.5% the total interest over 20 years is about ₹18,66,847, so you repay about ₹38,66,847 in all.