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Home > Compare Home loan Banks > Home Loan from SBI

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   |   SBI Advantage Home Loan   |   SBI Home Plus   |   SBI MY HOME CAMPAIGN   |  SBI Housing Finance Scheme

Features & Benefits of SBI Home Loan
• Purchase/ Construction of House/ Flat.
• Purchase of a plot of land for construction of House.
• Lowest Home Loan Interest Rates.
• Extension/ repair/ renovation/ alteration of an existing House/ Flat.
• Takeover of an existing loan from other Banks/ Housing Finance Companies.
• Interest charged on the daily reducing balance
• No penalty on prepayments of home loan
• No hidden costs
• Option to club income of your spouse and children to compute eligible loan amount

15.April.2014: During the financial year 2013-14, home loan portfolio of SBI has achieved 22.38 % growth and reached to Rs.2570 crores. In the last fiscal year i.e. 2012-13, home loan portfolio is Rs.2100 crores. In India total home loans portfolio is Rs.1.4 lakh crores.

Compare Home loan Rates & Eligibility
Required Loan Amount:
Annual Income:
Bank A - Rates as low as 10%* | Bank B- Fixed rate for 10 years.*
Bank C- Last 12 month Emi waived off*
Check Your Free Customized Offers From 10 Other Banks.

Current Home Loan Interest Rates of SBI: (Last updated on : 23 October 2014)

Bank Name Up to 75 Lacs Above 75 lacs
SBI 10.10% (For Women), 10.15% (For Others) 10.10% (For Women), 10.15% (For Others)

Eligibility Criteria & Documentation required for SBI Home Loan

  Salaried Self employed
Age 21years to 60years 21years 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

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

Loan Amount Processing Fee

Upto Rs. 25 Lacs

0.25% of loan amount, minimum Rs. 1,000/

Above Rs. 25 Lacs and upto Rs. 75 Lacs

Rs. 6,500/

Above Rs. 75 Lacs

Rs. 10,000/

In case of Take Over of Home Loans,  processing fee is Rs 1,000/- per account, irrespective of loan amount  and it is valid upto 30.09.2013.
in case of Take Over of Home Loan with Top-Up loan , the Processing fee will be 0.25 % of the consolidated loan amount taken over subject to Minimum of Rs 1,000/- and Maximum Rs 10,000/-

Margin/ LTV Ratio:

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

Upto Rs. 20 Lacs



Above Rs. 20 Lacs.



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.

Other Products from SBI (State bank of India)

1. SBI Personal Loan
2. SBI Car Loan
3. SBI Housing Loan
4. 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

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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