What are SBI's home loan prepayment charges?
For floating-rate home loans to individual borrowers for non-business purposes, RBI rules generally mean no prepayment charge. Verify your specific SBI loan documents for edge cases.
SBI Home Loan Prepayment Planning
State Bank of India Home Loan Prepayment Calculator
Illustrative floating rate reference, May 2026. Verify your current SBI home loan rate and sanction terms before acting. Use this page to estimate how recurring prepayments can reduce your total interest and shorten your tenure.
Calculate My Exact Savings
Read the complete home loan prepayment guide
About the lender
State Bank of India
State Bank of India is one of the most widely used home loan lenders in India. SBI borrowers often compare extra monthly prepayments against retaining liquidity or investing surplus cash elsewhere.
Worked example
If you prepay ₹5,000 every month
Example assumes a ₹50,00,000 loan at 8.55% with 20 years remaining.
| Metric | Without prepayment | With ₹5,000/month extra |
|---|---|---|
| EMI | ₹43,550 | ₹48,550 |
| Total interest | ₹54,52,000 | ₹40,78,850 |
| Tenure | 20 years | 15 years 7 months |
| Interest saved | - | ₹13,73,150 |
| Time saved | - | 4 years 5 months |
Share this with someone who has a home loan
Share a concrete savings example with another homeowner who might be overpaying interest.
Frequently asked questions
State Bank of India prepayment FAQs
How do I prepay an SBI home loan?
SBI borrowers typically prepay through branch servicing, YONO-assisted servicing, or other bank-approved channels. Confirm with SBI whether the prepayment is applied toward tenure reduction or EMI reduction.
Should I reduce EMI or tenure after prepaying an SBI home loan?
Tenure reduction usually saves more total interest. EMI reduction may still make sense if monthly cash flow relief matters more for your situation.
How much can I save by prepaying ₹5,000 per month on an SBI home loan?
Savings depend on your remaining principal, rate, and tenure. Use the worked example below for a benchmark and KlearPay for your exact numbers.
