SBI Reverse Mortgage Loan provides an additional source of income for senior citizens of India, who have a self-acquired or self-occupied home in India. This product is beneficial for senior citizens who do not have adequate income to support themselves. The Bank makes payments to the borrower /borrowers (in case of living spouse), against i) SBI Car Loan, ii) NRI Car Loan, iii) Assured Car Loan Scheme From 8.85% to 9.80%. Loyalty Car Loan Scheme. SBI Car Loan, NRI Car Loan. From 8.80% to 9.75% (CIC Based rates are applicable) SBI Green Car Loan (For Electric Cars) From 8.75% to 9.45%: Certified Pre-owned Car Loan Scheme. From 11.40% to 14.90% (CIC Based rates are applicable The bank offers 9.45% interest rate for Cibil score between 650-699. These rates are effective from May 1, 2023. For Cibil Score between 550-649, bank applies interest rate of 9.65% for regular home loans. Note that interest rate for Max gain is not same as regular home loans. The SBI Maxgain home loan calculator uses a standard formula to calculate the EMI amount, and it is explained below. The Formula Used: EMI = [P x R x (1+R)^N]/ [ (1+R)^N-1] P = The Principal Amount. R = The Rate of Interest. N = The Tenure of the Loan. SBI Gold Loan can be availed by pledge of gold ornaments including gold coins sold by Banks with minimum paper work and low interest rate. Dial 1800-1234/1800 2100 for more information/ applying through Contact Centre. Give a Missed Call on 7208933143 or SMS “GOLD” on 7208933145 to get a call back from our Contact Centre. 9.25% - 9.75%. 3 Crore to 15 Crore. 650-750. 9.35% - 9.85%. *** The rate of interest for Housing Loans for Senior Citizens with lower than 600 credit score, start from 8.50% p.a for Salaried & Professionals and 8.50% p.a. for Non Salaried & Non Professionals. In case of join applicants, the applicant with higher score will be considered for ROI 'The Bank' refers to State Bank of India, a body corporate established by means of an Act of Parliament and having its Corporate Office at "State Bank Bhavan", Madame Cama Road, Nariman Point, Mumbai - 400 021 (which expression shall, unless it is repugnant to the subject or context thereof, include its successors and assigns). Thus, before taking the SBI Home Loan, make sure to compare various interests so that the borrower can get a loan at a lower EMI. The calculation and comparison of EMI can be done with the SBI Home Loan EMI Calculator. Currently, the lowest SBI Home Loan interest rate is 6.70 percent. Loan amount-the EMI amount directly depends on the loan The State Bank of India has increased its base rate and the Benchmark Prime Lending Rate (BPLR) on loans, with effect from March 15, 2023. Benchmarks Nifty 21,710.80 52.21 SBI home loan calculator helps you to know how much emi per month you have to pay for the loan amount which you take from the bank for the respective period of time. so if you take a loan amount of 10 lakh from state bank of India for 20 years at 8.50% rate of interest than your calculations are as follows: MTZJ02J.