What will be the EMI if you take a home loan of 30 lakhs for 15 years, know which bank is offering a cheap loan Newspoint  |  13/03/2025 21:39:17

Different banks in the country offer home loans to their customers at different interest rates. Today we will tell you about the home loans of two big banks of the country, so that you will be able to know which bank is offering cheap home loan. We are talking about SBI and HDFC Bank. Let's know.

Every person dreams of buying his own house but buying a house is not an easy task. Lakhs of rupees are needed to buy a house. In such a situation, a common man's lifetime earnings are not enough to buy a house. In such a situation, buying a house by taking a home loan from the bank is the best option. By taking a home loan from the bank, you can pay the price of your house every month little by little.

However, in this you may have to pay a lot of extra money from the price of the house.

Different banks of the country offer home loans to their customers at different interest rates. Today we will tell you about the home loans of two big banks of the country, so that you will be able to know which bank is giving cheap home loan. We are talking about SBI and HDFC Bank. Let's know.

Monthly EMI on a home loan of 30 lakhs from SBI

The country's largest government bank SBI offers home loans to its customers at an interest rate of 8.25 percent. In such a situation, if you take a home loan of 30 lakhs from SBI for a period of 15 years, then you will have to pay Rs 29,104 every month as EMI. According to this, you will give a total of Rs 52,38,758 to the bank.

In this, Rs 22,38,758 will be only for your interest.

Monthly EMI on a home loan of 30 lakhs from HDFC Bank

HDFC Bank is one of the largest private banks in the country. HDFC Bank offers home loans to its customers at an interest rate of 8.75 percent. In such a situation, if you take a home loan of Rs 30 lakh from HDFC Bank for a period of 15 years, then you will have to pay Rs 29,983 every month as EMI. According to this, you will pay a total of Rs 53,97,023 to the bank. Out of this, Rs 23,97,023 will be only for your interest.

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