SBI Vs PNB: How much will be the monthly EMI in which bank on taking a home loan of 50 lakhs for 30 years, which bank will be beneficial
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 government banks of the country, so that you will be able to know which bank is giving cheap home loan. 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 in small amounts. 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 government banks of the country, so that you will be able to know which bank is giving cheap home loan. Let's know.
State Bank of India (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 50 lakhs from SBI for 30 years, then you will have to pay Rs 37,563 every month as EMI. According to this, you will give a total of Rs 1,35,22,799 to the bank. In this, Rs 85,22,799 will be only for your interest.
Punjab National Bank (PNB)
The country's second government bank PNB offers home loans to its customers at an interest rate of 8.15 percent. In such a situation, if you take a home loan of 50 lakhs from PNB for 30 years, then you will have to pay Rs 37,212 every month as EMI. According to this, you will give a total of Rs 1,33,96,467 to the bank. Out of this, Rs 83,96,467 will be your interest only.
