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SBI Home Loan

The most favored Home Loan provider-SBI Bank offers Home Loan with attractive interest rates along with Latest Schemes and Benefits. SBI also provides a Housing loan with different schemes - SBI Easy Home Loan, Advantage Home Loan, SBI Home Plus, Her home loan for women.

"THE MOST PREFERRED HOME LOAN PROVIDER" voted in AWAAZ Consumer Awards along with the MOST PREFERRED BANK AWARD in a survey conducted by TV 18 in association with AC Nielsen-ORG Marg in 21 cities across India.

SBI is the largest lender in home loan category of India. State Bank of India is India's largest bank with a network of over 13969 branches you can get your Home Loan account parked at a branch nearest to your present or proposed residence. State Bank of India offers lowest interest rates on housing loans.

Why to Apply with SBI Home loans?

• Package of exclusive benefits.
• Low interest rates. Further, we charge interest on a daily reducing balance!!
• Low processing charges.
• No hidden costs or administrative charges.
• No prepayment penalties. Reduce your interest burden and optimally utilize your surplus funds by prepaying the loan.

Get Instant Quotes on Home loan Rates & Eligibility

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SBI Home Loan Interest Rates updated as on 14 May 2015

Bank Name Up to 75 Lacs Above 75 lacs
SBI 9.95% (For Women), 10.10% (For Others) 9.95% (For Women), 10.10% (For Others)

Trends of last 5 Years SBI Home loans vs RBI Repo rate

Date Change by RBI in Rate Cut New Repo Rate Date New Base Rate of SBI
28-Jan-140.25% +8.00%
29-Oct-130.25% +7.75%7-Nov-1310.00%
20-Sep-130.25% +7.50%19-Sep-139.80%
3-May-130.25% -7.25%
19-Mar-130.25% -7.50%
29-Jan-130.25% -7.75%4-Feb-139.70%
17-Apr-120.50% -8.00%20-Sep-129.75%
25-Oct-110.25% +8.50%13-Aug-1110.00%
16-Sep-110.25% +8.25% 
26-Jul-111.25% +8.00%11-Jul-11 9.50%

Eligibility Criteria, Documentation required for SBI Home Loan

  Salaried Self employed
Age 18 years to 70years 21 years to 70years
Income Rs.1,20,000 (p.a.) Rs.2,00,000 (p.a.)
Loan Amount Offered 5,00,000 - 1,00,00000 5,00,000 - 2,00,00000
Tenure 5years-20years 5years-20years
Current Experience 2years 3years
Documentation 1) Application form with photograph
2) Identity & residence proof
3) Last 3 months salary slip
4) Form 16
5) Last 6 months bank salaried credit statements
6) Processing fee cheque
1) Application form with photograph
2) Identity & residence proof
3) Education qualifications certificate & proof of business existence
4) Business profile,
5) Last 3 years profit/loss & balance sheet
6) Last 6 months bank statements
7) Processing fee cheque

SBI processing fee structure (including service tax) is as under:

Loan Amount Processing Fee

Upto Rs. 25 Lacs

No Processing Charges (Limited Period Offer)

Above Rs. 25 Lacs and upto Rs. 75 Lacs

Above Rs. 75 Lacs

Margin/ LTV Ratio:

Loan Amount Margin (Min.) Maximum LTV Ratio (Max.)

Upto Rs. 20 Lacs



Above Rs. 20 Lacs.

20% - 25%

75% - 80%

Repayment period: Maximum 30 years (or) Up to the age of 70 years (the age by which the loan should be fully repaid) of the borrower, whichever is early.

Moratorium period (Repayment holiday): The moratorium period is included within the maximum repayment period.

You Can Calculate Your SBI Home Loan EMI with this Calculator: Just Enter your Loan Amount, Interest Rates and Loan Period/Tenure:

Calculate Loans EMI Online

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
Monthly EMI
Total Amount with Interest
Total Interest Amount
Yearly Interest Amount

FAQS about SBI Home Loans:

How will SBI decide the loan amount I am eligible for?
Bank will determine your loan eligibility mostly by your income and repayment capacity. Other important factors include your age, qualification, number of dependants, your spouse's income (if any), assets & liabilities, savings history and the stability & continuity of occupation.

Do I get tax benefits on the SBI home loan?
Yes. You are eligible for tax benefits on the principal and interest components of your Home Loan under the Income Tax Act, 1961. As the benefits could vary each year, please do check with our Loan Counselor about the tax benefits which you could avail on your loan.

Can I get a higher loan through my existing loan account to buy a new property?
Yes, you could go in for a ‘Top up Home Loan’ whereby your existing loan (which you took to buy your current home) could be transferred to the new house with additional funds for the incremental cost of the new house, subject to your loan eligibility. This means you can move into your new home without having to go through the hassle of pre-paying your existing loan.

What is an under construction property?
An under construction property refers to a home which is in the process of being constructed and where possession would be handed over to the buyer at a subsequent date.

Can I repay my loan ahead of schedule?
Yes, you can repay the loan ahead of schedule by making lump sum payments towards part or full prepayment, subject to the applicable prepayment charges.

Other Products from SBI (State bank of India)

1. SBI Personal Loan
2. SBI Car Loan
3. SBI Card 

Source: State Bank of India website.

Information on deposits & Loan Schemes and services also available. Call 1800112211
(Tollfree from BSNL/MTNL)

Registered Office-State Bank of India
State Bank Bhavan Central Office 8th Floor,
Madame Cama Marg, Nariman Point,
Mumbai - 400021
Maharashtra - India

Visit Official Website of SBI.

Disclaimer : Please note that the interest rates and eligibility criteria given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated .Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates.

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