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SBI Home Loan @8.0% Interest Rate | Easy EMI Calculator

State Bank of India (SBI), India’s largest public sector bank, has helped millions of families across India turn their dream of owning a home into a living reality. Offers a range of home loan products tailored to various customer segments. With the lowest SBI home loan interest rate, flexible repayment options, 100% Transparency, No Prepayment or Foreclosure Penalties and minimal documentation, SBI home loans are the preferred choice for Indian homebuyers. We make owning a home not just easier but more affordable. Start your journey to a better tomorrow with the best SBI home loan plan today. We will make the home-buying journey smoother and more affordable. Your dream home is just a step away—let’s make it happen together.

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The Best SBI Home Loan Promise: Value You Can Count On

  • Trust That’s Earned Over Generations

    With a legacy spanning over centuries, the State Bank of India (SBI) is one of the most trusted names in Indian banking. Our home loan solutions are backed by that same reliability, ensuring peace of mind as you take one of life’s most significant steps.

  • Transparency at Every Step

    With SBI, what you see is what you get. No hidden charges. No last-minute surprises. At SBI, we believe in complete clarity—from interest rates to loan terms. We think you deserve to know exactly what you’re signing up for.

  • Integrity in Every Interaction

    We put your interests first. Whether it’s guiding you to the right loan product or helping you through the paperwork, we’re here to serve with honesty and accountability.

  • Excellence in Service and Solutions

    From competitive interest rates and customised loan plans to fast processing and digital tools, SBI Home Loans strives to offer best-in-class service and support at every stage of your home journey.

  • Accessibility Across India

    With thousands of branches and a strong digital presence, SBI makes it easy to access home loan services, whether you’re in a metro city or a small town.

  • Support Beyond Just Loans

    We’re not just a lender but a partner in your homeownership journey. Our pre-approved project listings, doorstep service, and dedicated loan advisors ensure you’re never alone in the process. SBI home loan online apply.

Value to Customer – Why Best SBI Home Loans Stand Out

  • A Loan for Every Dream

    We offer a wide range of home loan products—whether you’re buying, building, renovating, or investing. From salaried professionals to NRIs, we’ve designed our solutions to fit your life and budget.

  • Save More Every Day

    With interest calculated on the daily reducing balance, you pay interest only on what you owe, helping you save significantly over time.

  • Flexibility with Maxgain Overdraft

    Our Maxgain Home Loan gives you the power to reduce interest by parking surplus funds, while still giving you the freedom to withdraw when needed.

  • Affordable Interest Rates

    SBI offers one of the most competitive rates in the market, starting from just 8.0% p.a., with special concessions for women borrowers. Check sbi home loan interest rate.

  • Minimal Processing Fees

    Enjoy low upfront costs with processing charges as low as 0.35% of the loan amount or max ₹11800, ensuring more savings from day one.

  • 100% Transparency

    No hidden charges, no last-minute surprises. Every term and condition are communicated, so you always know what you’re signing up for.

  • No Prepayment or Foreclosure Charges

    Want to repay early? Go ahead. SBI does not charge a penalty for prepayments on floating-rate loans. Prepayment and foreclosure commence on the first day of loan disbursement.

  • Nationwide Reach, Local Support

    With thousands of branches and a strong digital presence, SBI makes home loans accessible, whether you’re in a city or a small town.

    With SBI, you don’t just get a home loan—you gain a trusted partner committed to helping you own your dream home, affordably and confidently.

SBI Home Loan Details​
SBI Home Loan Interest Rate
From 8.0% p.a.
Loan Amount
Based on eligibility
Processing Fees
₹5900 – ₹11800
Prepayment Charges
Nil, allowed from the First day
Foreclosure charges
Nil, allowed from the First day
Max Tenure
30 Years
Rate Available
Floating
SBI home loan CIBIL score
Need above 700

SBI HOME LOAN FEATURES

  • Lowest Interest Rates
  • Interest on Daily Reducing Balance – pay less over time
  • No Hidden Charges
  • Prepayment Allowed From just above ₹1 
  • Prepayment is allowed from the first day of Loan disbursement 
  • No Prepayment or Foreclosure Penalty
  • Overdraft Facility (Maxgain) for better fund management
  • Quick Approvals with simplified documentation
  • Concession for Women Borrowers
  • Easy Online Application & EMI Calculator Tools
  • Low Processing Fees
  • Funding up to 90% of the agreement value
  • Loan Tenure Up to 30 years or until the age of 70 years
  • Online Prepayment with YONO, Google Play, Phonepe and Paytm
SBI Home Loan

SBI Home Loan Benefits

  • Trusted Name with a Legacy of Reliability

    India’s largest and most trusted bank, the State Bank of India (SBI), brings unmatched credibility and customer confidence.

  • SBI home loan interest rate

    Affordable EMI options with interest rates starting from 8.0% p.a., making homeownership easier. Check SBI home loan interest rate

  • Daily Reducing Balance Interest Calculation

    Save more as interest is charged only on the outstanding balance, day by day.

  • Transparent and Fair Policies

    No hidden charges, no surprises—SBI follows an entirely transparent lending process.

  • No Prepayment or Foreclosure Penalty

    Repay your loan early and save on interest, without paying any extra charges (for floating-rate loans).

  • Overdraft Facility with Maxgain

    Link your home loan to a current account, reduce interest by parking surplus funds, and withdraw anytime.

  • Tailored Loan Products

    Loans customised for salaried, self-employed, NRIS, and women borrowers, with exclusive schemes.

  • Quick Approvals and Easy Documentation

     Enjoy a seamless loan experience with simplified paperwork and faster approvals.

  • Extensive Branch Network and Digital Support

    Access support anywhere in India—via thousands of SBI branches and convenient online tools.

SBI Online Home Loan Application

Applying for a home loan with the State Bank of India (SBI) has become simpler with their user-friendly online platform. The SBI online home loan application allows customers to apply from the comfort of their home, saving time and effort. Applicants can visit the official SBI website, fill in personal and property details, upload necessary documents, and track the application status in real-time.

SBI offers a range of home loan products with competitive interest rates, minimal processing fees, and flexible repayment options. The online system ensures transparency and faster processing, making it ideal for both salaried and self-employed individuals.

With features such as EMI calculators and eligibility checkers, SBI’s digital platform enables borrowers to make informed decisions. Whether you are buying a new house or renovating an existing one, SBI’s online home loan application process is a quick and secure way to get started.


Key benefits of the SBI Online Home Loan Application

  • User-Friendly Interface – The online portal is easy to navigate, even for first-time users.
  • Wide Range of Loan Options – Choose from regular home loans, MaxGain, NRI home loans, Flexipay, and more.
  • Digital Document Submission – Upload KYC, income proof, and property documents directly online.
  • Mobile-Friendly Access – Apply via SBI’s website or YONO app anytime, anywhere.
  • Instant Eligibility Check – Quickly find out how much loan amount you qualify for.
  • EMI & Loan Calculators – Plan better with built-in financial tools.
  • Faster Turnaround Time – Enjoy quicker approval with minimal branch visits.
  • Secure Application Process – Your personal and financial information is safely encrypted.
  • Online Assistance Available – Our customer support is available to guide you every step of the way. Customers can get support with YONO, WhatsApp banking and customer support
  • Pre-Approved Offers – Existing SBI customers and New Home Loan customers may get pre-approved loan offers.
  • Suitable for Salaried & Self-Employed – Flexible eligibility criteria for all professions.
  • Flexible Tenure Options – Repayment periods of up to 30 years based on your preference.

Purpose For Which SBI Home Loan Can Be Availed

The loan can be availed for the purchase, construction, extension, repair, or renovation of a new or existing residential house, flat, or plot, including expenses related to furnishings and interior works—collectively referred to as the ‘project’

SBI Home Loan to Value Ratio (LTV) Based on Property Market Value

Home Loan Amount Loan to Value (LTV)
Up to ₹30 lacs
90%
₹30 lacs to ₹75 lacs
80%
Above ₹ 75 lacs
75%

SBI Home Loan Interest Rate 

As of May 2025, the State Bank of India (SBI) offers home loan interest rates starting at 8.0% per annum for salaried individuals with a credit score of 800 or higher. The interest rates may vary based on the applicant’s CIBIL Score and profile, the loan amount, and the loan tenure.

How SBI Rate of Interest Works (Home Loan Interest Rate = EBLR + Spread)

The SBI home loan interest rate is calculated based on a fixed spread over the External Benchmark Lending Rate (EBLR) linked to the RBI Repo Rate. When the RBI changes the repo rate, SBI’s EBLR also changes; hence, your SBI home loan interest rate may also change. It follows the daily reducing balance method with monthly resets. 

Intimation of Change in EBLR Interest Rate

Your loan repayment begins with Equated Monthly Instalments (EMIS) starting from the date mentioned in your sanction letter. Your repayment journey is complete once you have cleared your full loan amount and any remaining dues. We use a Dynamic Standing Instruction (SI) or NACH setup to make things smoother. This allows us to auto-debit up to 120% of your EMI in case interest rates rise. But don’t worry—only your actual EMI amount is debited from your account each month unless there’s a change.

SBI Home Loan Tenure 

  • SBI Home Loans are designed to support your homeownership goals while ensuring responsible lending based on age and repayment capacity. SBI offers a minimum home loan tenure based on customer eligibility, with a maximum tenure of up to 30 years and an age limit of up to 70 years.
  • Applicants who are 21 or older at the time of loan application.
  • The loan must be fully repaid before the borrower reaches the age of 70.
  • The difference between your current age and the upper age limit of 70 determines the maximum loan tenure. For example:
  • If you’re 40 years old when applying, you can take a loan for up to 30 years (subject to other eligibility conditions).
  • If you’re 60, your maximum tenure would be 10 years.
  • This age cap ensures borrowers can comfortably repay the loan within their active income-earning years or retirement planning.

Pre-closure charges for SBI home loans 

There are no prepayment or pre-closure penalties on SBI home loans with a floating interest rate, regardless of the loan tenure or the source of funds used to repay the loan early. Prepayment or pre-closure allowed from the first day of loan disbursement is the SBI home loan

Mandatory Property Insurance in SBI Home Loan 

The property purchased or constructed with the Bank’s financing must be insured against risks such as fire, riots, earthquakes, lightning, and floods. The insurance should list both the borrower and the Bank as joint names. The insurance should cover the actual project cost, excluding the cost of land (including the undivided share of land in the case of flats), stamp duty, and registration charges. The borrower is responsible for the cost of the insurance.

Fees And Charges in SBI Home Loan 

The fee is 0.35% of the loan amount plus applicable GST, with a minimum of Rs. 2,000 plus applicable GST and a maximum of Rs. 10,000 plus GST. It is charged at the time of documentation. Vary from city to city

SBI Home Loan Customer Service

For any service-related concerns or support, customers can reach out to SBI through the dedicated helpline numbers or grievance redressal channels listed on the official website at www.sbi.co.in. 

  • Use the YONO SBI app for quick access to your loan details
  • Reach out via SBI WhatsApp Banking – +91 9022690226
  • Visit your nearest SBI branch or RACPC (Retail Asset Central Processing Centre)
  • Write to the Grievance Cell at our Local Head Offices / Office

SBI Home Loan Products

General Home Loan For Purchase/Construction/Take Over

Built on Trust. Designed Around You – At SBI, we understand that a home is more than just bricks and walls—it’s where your life unfolds. That’s why our SBI home loans are built on generations of trust and complete transparency. Whether you’re buying your first home, building one from the ground up, purchasing a plot, or giving your current place a fresh new look, we have the best home plan that fits just right. With SBI by your side, turning your dream home into a reality feels easier, safer, and more personal

SBI Home Loan Features

  • Various home loan products are designed for each customer’s unique needs.
  • Competitive and Lowest interest rates.
  • Low processing fees.
  • Transparent pricing with no hidden fees.
  • No penalty for prepayment.
  • Prepayment allowed from the First day of Loan disbursement
  • Prepayment is Allowed above ₹1
  • Prepayment is fully online with YONO, Google Pay, and PhonePe
  • Interest is calculated on a daily reducing balance.
  • SBI offer Repo rate-linked lending rate with fixed spread 
  • Flexible repayment terms up to 30 years and age up to 70.
  • Option to link your home loan to an overdraft facility.
  • SBI home loan interest rate female – Special interest rate concessions for women borrowers up to 0.05% 
  • SBI offer funding up to 90% 

 

SBI Home Loan Eligibility

SBI offers home loans with flexible eligibility so more people can step into their dream homes. Here’s what you need to qualify for:

 

Who Can Apply for an SBI Home Loan?

  • Indian citizens, including NRIs (Non-Resident Indians)
  • Salaried, self-employed, or professionals with a steady income
  • Individuals, joint applicants (spouse, parents), and co-borrowers (blood relatives)
 

Age Criteria for SBI Home Loan

  • Minimum age: 18 years
  • Maximum age at loan maturity: 70 years  (Loan tenure is adjusted based on your age and retirement plans)
 

Income Requirements to Apply for SBI Home Loan

  • A stable source of income is required, through salary, business, or professional practice. 
  • SBI assesses your repayment capacity based on income, liabilities, credit history, and other factors.
 

Loan Purpose Eligibilit

Customers can apply for an SBI Home Loan for:

  • Purchase of a new or resale property
  • Construction of a house on a plot you own
  • Purchase of a residential plot (under the Realty Loan scheme)
  • Home renovation, extension, or repair
  • Top-up loan on your existing home loan
 

SBI home loan CIBIL score- 

  • A good credit score (typically 700 and above) improves your chances of approval and may help secure better interest rates.
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SBI MaxGain Home Loan account

SBI MaxGain is structured as an overdraft (OD) facility linked to your home loan account. While you continue paying your regular Equated Monthly Instalments (EMIS), any surplus funds you deposit into this OD account are treated as prepayments, reducing your loan’s outstanding principal. This smart setup helps you save on interest, since it’s only charged on the remaining loan amount after adjusting for any extra money you park in the account.

Key Features of SBI MaxGain Home Loan 

Innovative Overdraft Facility – Your home loan acts like an overdraft account, letting you deposit surplus funds and withdraw them when needed, helping reduce interest without losing liquidity.

Interest Savings – Interest is charged only on the net outstanding loan amount, after deducting your surplus balance—this can significantly lower your total interest payout.

Complete Flexibility – Park any extra income, like bonuses or savings, in the account to reduce interest, and withdraw it anytime.

No Prepayment Charges – Customers can prepay part or all of their loan at any time without incurring any penalties.

Access Anytime – Track and manage your MaxGain account through SBI Internet Banking, YONO SBI app, or any SBI branch.

Joint Accounts Allowed – To enhance eligibility, you can take the loan jointly with eligible co-applicants (like a spouse, parents, etc.).

Ideal for Salaried and Professionals – Available to salaried individuals and self-employed professionals with regular income and good credit history.

How SBI MaxGain Works

Pay EMIS Normally – Like a standard home loan, you continue paying your regular EMIS (Equated Monthly Instalments) every month. And the interest part varies as per the available amount in the MaxGain overdraft account 

Deposit Surplus Funds – Any extra money you have (such as salary, bonuses, savings, etc.) can be deposited into the OD account. This additional amount is treated as a temporary prepayment against your outstanding loan.

Example

  • Loan Amount: ₹50,00,000
  • Current Balance in MaxGain: ₹10,00,000
  • Effective Outstanding Principal: ₹80,00,000 – ₹10,00,000 = ₹70,00,000
  • Interest Charged On: ₹70,00,000
 

Maximise Interest Savings – SBI only charges interest on the remaining loan balance after subtracting any extra money you’ve kept in the account. This means you pay less monthly interest and can clear your loan sooner.

Liquidity and Emergency Fund: Funds in the MaxGain account remain accessible, providing the twin advantages of reducing interest costs while maintaining liquidity, unlike traditional prepayments.

Tax Benefits: The interest paid on the home loan qualifies for tax deductions under Sections 24(b) and 80c of the Income Tax Act, enhancing the financial benefits of this product.

SBI MaxGain combines the benefits of a traditional home loan with the flexibility of an overdraft facility, allowing borrowers to manage their finances more efficiently and dynamically reduce interest expenses.

Best For:

  • People with regular or surplus income (like business owners or salaried individuals with bonuses)
  • Those who want to save on interest without locking their funds
  • Borrowers looking for flexibility and liquidity, along with loan repayment

Considerations

  • Higher Interest Rate: MaxGain loans may have slightly higher interest rates compared to regular home loans.
  • Discipline Needed: To get the most out of this loan, borrowers need to regularly park extra funds in the account.
  • Limited Availability: This option may not be ideal for everyone, especially those who don’t have extra funds to deposit frequently.
Apply Now

NRI HOME LOANS

SBI NRI Home Loans allow Non-Resident Indians to get closer to home

SBI NRI Home Loans help Non-Resident Indians invest in property while enjoying the benefits of home loans. It makes sense to take a loan instead of using personal savings, especially when those savings can generate better returns elsewhere.

Features

  • Low interest rates
  • Low processing fees
  • No hidden charges
  • No prepayment penalty
  • Interest calculated on a daily reducing balance
  • Repayment up to 30 years
  • Home loans available as an overdraft
  • Interest concession for women borrowers

Eligibility Criteria

  • Applicant Type: Available to Non-Resident Indians (NRIs) or Persons of Indian Origin (PIOs).
  • Minimum Loan Amount: Rs. 15 lakh.
  • Age Requirement: 18 to 70 years.
  • Loan Tenure: Up to 30 years.

Interest Rates & Fees

  • Interest Rate: Home Loan interest rates start from 8.50% onwards.
  • Processing Fee: Enjoy a 50% discount on the standard rate, with a complete waiver possible in specific cases.

Terms and conditions apply.

Additional Fees Post-sanction

  • Stamp Duty: Applicable for the loan agreement.
  • Property Insurance Premium: Mandatory for loan approval.
Apply Now

SBI FLEXIPAY HOME LOAN

Higher Loan Eligibility with Step-Up EMI Option. “Don’t let your current income hold you back from owning your dream home.” SBI Flexipay Home Loan offers higher loan eligibility for salaried borrowers. It allows customers to pay only the interest during the initial moratorium (pre-EMI) period, followed by moderate EMIs. In the later years, the EMI amounts gradually increased. This loan option is particularly beneficial for young professionals and helps them buy their dream home with more flexible payment options.

Features

  • Affordable interest rates
  • Low processing fees
  • No hidden charges
  • No penalty for early repayment
  • 20% higher loan eligibility
  • Interest calculated on a daily reducing balance
  • Flexible repayment period (up to 30 years)
  • Special interest concessions for women borrowers

Eligibility Criteria

  • Resident Type: Indian
  • Age Limits: Minimum age to apply is 21 years; applicants can apply up to 45 years with repayment extending up to 70 years.
  • Loan Tenure: Available for up to 30 years.

Interest Rate & Fees

  • Interest Rate: Home loan interest rates begin at 8.50% onwards.
  • Processing Fee:Receive a 50% discount on the standard rate, with potential waivers in certain situations.
Apply Now

SBI PRIVILEGE HOME LOAN: EXCLUSIVELY FOR CENTRAL & STATE GOVERNMENT EMPLOYEES, PSBS, AND PSUS

SBI Privilege Home Loan for Government Employees SBI offers the SBI Privilege Home Loan, specially designed for government employees. This loan is available for individuals working in the Central or State Government, Public Sector Banks (PSBs), Central Government PSUs, and those with pensionable service. The loan amount is determined based on factors like income, repayment capacity, age, assets, liabilities, and the cost of the proposed house or flat.

Features 

  • Low Interest Rates
  • Zero Processing Fee
  • No Hidden Charges
  • No Prepayment Penalty
  • Interest Charged on Daily Reducing Balance
  • Repayment Tenure up to 30 Years
  • Special Interest Concession for Women Borrowers
  • Additional Interest Concession if Check-Off Facility is Provided

Eligibility Criteria

  • Resident Type: Resident Indian
  • Age Range: 18 to 75 years
  • Loan Tenure: Up to 30 years.

Interest Rates & Fee

  • Interest Rate: Home Loan interest rate starts at 8.50% onwards.
  • Processing Fee: 50% concession in card rate. 100% waiver in selected cases. T&C Apply.
Pre-Sanction Expenses
  • Advocate’s fee for conducting property search and preparing a title investigation report.
  • Valuer’s fee for the valuation report.
Post-Sanction Expenses
  • Stamp Duty: Payable for the loan agreement.
  • Property Insurance Premium: Applicable as required.
  • CERSAI Registration Fee:
Apply Now

SHAURYA HOME LOAN -FOR DEFENCE/NAVY/AIRFORCE PERSONNEL

SBI Shaurya Home Loan: Specially Designed for Army and Defence Personnel

At SBI, we honour your service to the nation by offering the SBI Shaurya Home Loan, exclusively designed for Army and Defence personnel. This special loan provides lower interest rates and added benefits tailored to meet the unique needs of defence employees.

Defence personnel can enjoy easy repayment options and a longer repayment period, making homeownership more accessible and stress-free.

Features

  • Low Interest Rates
  • Zero Processing Fee
  • No Hidden Charges
  • No Prepayment Penalty
  • Interest Charged on Daily Reducing Balance
  • Repayment Tenure up to 30 Years
  • Special Interest Concession for Women Borrowers
  • Additional Interest Concession if Check-Off Facility is Provided

Eligibility

  • Residency: Resident Indian
  • Age Limit: 18 to 75 years
  • Maximum Loan Duration: 30 years.

Interest Rates & Fees

  • Interest Rate: Home Loan interest rate starts at 8.50% onwards.
  • Processing Fee: 50% concession in card rate. 100% waiver in selected cases. T&C Apply.

Fees

Processing Fee
  • Full Waiver: No processing fee is charged.
  • Out-of-Pocket Expenses: Borrowers will bear costs for:
Pre-Sanction Expenses
  • Fee payable to the advocate for property search and title verification report.
  • Valuer’s fee for the valuation report.
Post-Sanction Expenses
  • Stamp duty for the loan agreement.
  • Property insurance premium.
  • CERSAI Registration Fee:
Apply Now

SBI PRE-APPROVED HOME LOAN (PAL)

Secure your home loan before finalizing your property.

Plan with the SBI Pre-Approved Loan (PAL) and secure your home loan before finalizing your property. This loan provides a pre-sanctioned limit, allowing you to confidently negotiate with builders or sellers. Loan eligibility is determined by your income, and a non-refundable processing fee is applied at the time of sanction.

Features

  • Low Interest Rates
  • Low Processing Fee
  • No Hidden Charges
  • No Prepayment Penalty
  • Interest Charged on Daily Reducing Balance
  • Repayment Tenure up to 30 Years
  • Home Loan Available as Overdraft
  • Special Interest Concession for Women Borrowers

Eligibility

  • Residency: Resident Indian
  • Age Limit: 18 to 75 years
  • Maximum Loan Duration: 30 years.

Interest Rates & Fees

  •  Interest Rate: Home Loan interest rate starts at 8.50% onwards.
  •  Processing Fee: 50% concession in card rate. 100% waiver in selected cases. T&C Apply.
Apply Now

SBI REALTY-FOR PLOT PURCHASE

Create your dream home from the ground up and bring it to life.

Build your dream home from the ground up with SBI Realty. This loan allows you to purchase a plot for constructing a house, with a requirement to complete the construction within 3 years of loan sanction or disbursement. You can also apply for an additional home loan to finance the construction on the same plot.

With loan amounts up to Rs. 15 crores and a repayment period of up to 10 years, SBI Realty offers a convenient solution for your housing needs.

Features

  • Low Interest Rates
  • Low Processing Fee
  • No Hidden Charges
  • No Prepayment Penalty
  • Interest Charged on Daily Reducing Balance
  • Repayment Tenure up to 10 Years
  • Special Interest Concession for Women Borrowers

Eligibility

  • Residency: Resident Indian
  • Age Limit: 18 to 65 years
  • Maximum Loan Duration: upto 10 years.

Interest Rates & Fees-

  • Interest Rate: Home Loan interest rate starts at 8.50% onwards.
  • Processing Fee: 50% concession in card rate. 100% waiver in selected cases. T&C Apply.
Apply Now

HOME LOAN TO NON-SALARIED (DIFFERENTIAL OFFERINGS)

SBI Home Loans for Non-Salaried Individuals

SBI offers Home Loans specially designed for non-salaried individuals, providing the best value for your needs. These loans can be used for constructing or purchasing a house/flat, taking over home loans from other banks or HFCs, or renovating an existing property.

Features 

  • Customized Home Loan Products to meet every customer’s needs
  • Low Interest Rates
  • Low Processing Fee
  • No Hidden Charges
  • Interest Charged on Daily Reducing Balance
  • Repayment Tenure up to 30 Years

Eligibility Criteria

  • Resident Type: Resident Indian
  • Business Requirements: Applicants who are sole proprietors, partners in a partnership, or directors in a company must adhere to the following:
    • The business should have been operational for at least the past three years.
    • The business must have reported a net profit for the last two consecutive years.
    • Any existing credit facilities must be regular and in good standing, as confirmed through an opinion report from current bankers.
    • If the house property is jointly owned by the proprietor and the proprietary firm, the firm should either be an existing borrower or a debt-free entity.
  • Minimum Age: 18 years
  • Loan Tenure: Up to 30 years
  • Loan Amount: Minimum Rs. 50,000 to Maximum Rs. 50 crores.

Interest Rates & Fees

  •  Interest Rate: Home Loan interest rate starts at 8.50% onwards.
  • Processing Fee: 50% concession in card rate. 100% waiver in selected cases.
     T&C Apply.
Apply Now

SBI TRIBAL PLUS: HOME LOANS FOR HILLY/TRIBAL AREAS

A Home Loan specially tailored for residents of Hilly and Tribal areas.

The SBI Tribal Plus Home Loan is specially designed for individuals living in hilly or tribal areas. This loan can be used to purchase or build a new house/flat (without mortgaging land), buy an existing house/flat (not older than 10 years), or repair/renovate/extend an existing property. The scheme is available at all SBI branches in these areas.

Features 

  • Exclusive for Residents of Hilly/Tribal Areas
  • No Mortgage of Land Required
  • Repayment Tenure up to 15 Years
  • Loans Available with Third-Party Guarantee
  • Special Interest Concession for Women Borrowers
  • Low Interest Rates
  • Low Processing Fee
  • No Hidden Charges
  • No Prepayment Penalty
  • Interest Charged on Daily Reducing Balance

Eligibility Criteria

  • Resident Status: Resident Indian
  • Age Requirements: Minimum 21 years, Maximum 60 years
  • Loan Duration: Up to 15 years
  • Maximum Loan Amount: Rs. 20 lakhs for salaried borrowers, Rs. 15 lakhs for non-salaried borrowers.

Interest Rates & Fees-

  • Interest Rate: Home Loan interest rate starts at 8.50% onwards.
  • Processing Fee: 50% concession in card rate. 100% waiver in selected cases.
     T&C Apply.
Apply Now

SBI REVERSE MORTGAGE LOAN: PERSONAL LOAN FOR SENIOR CITIZENS

Enjoy a stress-free retirement with the SBI Reverse Mortgage Loan, designed to provide financial support for senior citizens. This loan provides an additional source of income if you own and reside in a self-acquired home in India. The bank makes regular payments to you (or your spouse) against the mortgage of your home, without requiring you to repay the loan during your lifetime.

Features 

  • Low Interest Rates
  • Low Processing Fees
  • No Hidden Charges
  • No Prepayment Penalty

Eligibility Criteria

  • Resident Status: Resident Indian
  • Age Requirements: Minimum age 60 years for a single borrower. For joint borrowers, the spouse must be at least 58 years old.
  • Loan Tenure: Ranges from 10 to 15 years, depending on the age of the borrowers.
  • Maximum Loan Amount:
    • Rs. 2.00 crore for properties located within Municipal Corporation Areas of NCR, Mumbai, Pune, Chennai, Ahmedabad, Bengaluru, and Hyderabad.
    • Rs. 1.50 crore for properties in other centers, excluding the above-mentioned locations.

Interest Rates & Fees

  • Interest Rate: Home Loan interest rate starts at 8.50% onwards.
  • Processing Fee: 50% concession in card rate. 100% waiver in selected cases. T&C Apply.

Fees

  • Rate: 0.50% of the loan amount
  • Minimum: ₹2,000
  • Maximum: ₹20,000
  • Plus applicable taxes
Post-Sanction Charges
  • Stamp Duty: Applicable for the loan agreement.
      Property Insurance Premium: Payable as required.
  • CERSAI Registration Fee:
Apply Now

CRE (COMMERCIAL REAL ESTATE) HOME LOAN

If your family owns more than two homes, the loan for the third home and beyond is treated as a CRE Home Loan. An individual can avail of up to five home loans, including CRE loans.

Features 

  • Low Interest Rates
  • Low Processing Fees
  • No Hidden Charges
  • No Prepayment Penalty
  • Interest Charged on Daily Reducing Balance
  • Home Loan Available as Overdraft

Eligibility Requirements

  • Residency: Resident Indian
  • Age Limit: 18 to 70 years
  • Maximum Loan Duration: 30 years.

Interest Rates & Fees

  • Interest Rate: Home Loan interest rate starts at 8.50% onwards.
  • Processing Fee: 50% concession in card rate. 100% waiver in selected cases. T&C Apply.

Fees

Processing Fee
  • Rate: 0.35% of the loan amount
    • Minimum: ₹2,000 + GST
    • Maximum: ₹10,000 + GST
  • Plus applicable taxes
Pre-Sanction Charges
  • Advocate’s fee for property search and title investigation report.
  • Valuer’s fee for valuation report.
Post-Sanction Charges
  • Stamp duty is payable for the loan agreement.
  • Property insurance premium.
  • CERSAI Registration Fee:
Apply Now

P-LAP (PERSONAL LOAN AGAINST PROPERTY)

Get a loan against your property to meet personal expenses like education, marriage, healthcare, and more (excluding speculative or business purposes).

Features 

  • Low Interest Rates
  • Low Processing Fees
  • No Hidden Charges
  • No Prepayment Penalty
  • Interest Charged on Daily Reducing Balance

Eligibility Requirements

  • Residency: Resident Indian
  • Age Limit: 18 to 70 years
  • Maximum Loan Duration: 15 years.

Interest Rates & Fees

  •  Interest Rate: Home Loan interest rate starts at 8.50% onwards.
  • Processing Fee: 50% concession in card rate. 100% waiver in selected cases. T&C Apply.

Fees

Processing Fee
  • Rate: 1% of the loan amount
  • Maximum: ₹50,000 + GST
  • Plus applicable taxes
Pre-Sanction Charges
  • Fee payable to the advocate for conducting property search and preparing the title investigation report.
  • Valuer’s fee for the valuation report.
Post-Sanction Charges
  • Stamp duty is applicable for the loan agreement.
  • Property insurance premium.
  • CERSAI Registration Fee:
Apply Now

FAQ about SBI Home Loan

What is SBI Home Loan?

SBI Home Loan is a housing loan provided by the State Bank of India to assist individuals in financing the purchase, construction, or renovation of their homes at competitive interest rates.

Who is eligible for an SBI Home Loan?

Eligibility for SBI Home Loan is determined by several factors, including:

  • Age: minimum age 18 to maximum 70 years

  • Employment Types: Salaried, Self-Employed, or Professional

  • Minimum monthly income requirement is ₹22,000 (this amount may vary location-wise).

  • CIBIL Score: Ideally 700 or higher.

What are the current interest rates for SBI Home Loans?

SBI Home Loan interest rates are variable, starting at approximately 8.0% annually. Rates depend on:

  • Loan amount

  • Credit score

  • Type of borrower (salaried/self-employed)

What is the maximum loan tenure for SBI Home Loan?

SBI provides home loans with a maximum repayment tenure of 30 years, depending on the borrower’s age and eligibility.

How much of a Home Loan can I obtain from SBI?

The loan amount is determined by several factors, including:

  • Understanding your earnings and ability to repay.

  • Property value.

  • CIBIL score

  • SBI generally provides financing of up to 90% of the property’s value.

Does SBI offer pre-approved home loans?

SBI provides a pre-approved Home Loan (PAHL) for eligible customers based on their income and CIBIL score. This offer is available for a limited time and streamlines the property selection process.

Is there a processing fee for an SBI Home Loan?

SBI charges a processing fee, typically ranging from ₹ 5,900 to ₹11,800, with a maximum limit. Occasionally, during promotional campaigns, offers like zero processing fees are available.

 

Can I obtain an SBI Home Loan for a property in a different city?

Yes, you can obtain an SBI Home Loan for properties located anywhere in India, even if you reside in a different city. SBI has a nationwide network to support these loans.

What is SBI MaxGain Home Loan?

SBI MaxGain is a unique home loan that offers an overdraft feature. This loan allows you to:

  • Deposit any surplus funds into the loan account.

  • Lower the burden of interest payments.

  • You can withdraw the surplus at any time.

Does SBI provide a balance transfer option?

With the SBI Home Loan Balance Transfer facility, you can transfer your existing home loan to SBI at competitive interest rates.

Can Non-Resident Indians (NRIs) apply for an SBI Home Loan?

SBI provides NRI Home Loans with specific eligibility requirements. NRIs can apply online or at SBI’s international branches.

Are there any tax benefits associated with SBI home loans?

Yes, you can claim tax deductions on the principal and interest paid on your SBI Home Loan under Section 80c and Section 24(b) of the Income Tax Act. Additionally, other entities and financial instruments, such as ULIP, EPF, PPF, ELSS, and NSCS, can provide tax benefits in conjunction with home loan deductions under Section 80c of the Income Tax Act.

Home Loan

Home Loan Transfer

Loan Against Property

Personal loan

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