SBI Home LoanSBI Home Loan

Apply for SBI Home Loan online at interest rates as low as 6.70%. Check out the Eligibility, Processing Fees, Low EMI Rs. 645/lakh, SBI home loan Application Status, Calculator and Quick Apply at Deal4loans.

SBI is the first choice of every home loan seekers in India. State Bank of India home loan offered by SBI is the ideal choice because of lowest home loan interest rate, Lower Processing fees, special offers every month for women, Govt. employees etc. On this page you can check all the necessary or important points about the SBI home loan which helps you in taking a decision which is beneficial for you in long term of home loan. Compare all banks latest home loan rates for better pick.

Highlights of SBI Home Loan

Interest Rates upto 30 Lakhs 6.70% - 6.90%
Interest Rates 30 - 75 Lakhs 6.70% - 6.90%
Interest Rates above 75 Lakhs 6.70% - 6.90%
Processing Fees NIL till 31.12.2021
Repayment Period 5 - 30 years
Minimum EMI per 1 Lakh Rs.645 upto 30 Years

Get Instant Home Loan Quotes Online - Deal4loans.com & your CIBIL score absolutely FREE.

Loan Amount
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54,02,013 loan quotes taken till now.
► Home Loan Rates starts from As low as 6.70%
► Compare Top Banks – SBI, HDFC Ltd, ICICI Bank, PNB Housing etc.

EBLR rate for 1 Year 7.05% Base Rate 8.70%
Repayment period 5 - 30 Years Processing Fees NIL (upto 31.12.2021)
Max Loan amount upto 30 Lakh property value 27 Lakh Max. loan amount abv 30 lakh 80 - 85%
Min. Income for Salaried 10000 p.m Min. Income for Self Employed 16500 p.m
Age Eligibility Factor 18 - 70 years Balance Transfer Pro. Fee NIL (upto 31.12.2021)

SBI Home Loan Interest Rates January 2022

Last updated on 17 January 2022

SBI Regular Home Loan Interest Rates 2022

Home Loan Salaried Non Salaried
Upto 30 Lakh 6.70% 6.90%
Above 30 lakh to 75 Lakh 6.70% 6.90%
Above 75 Lakh 6.70% 6.90%

SBI - PMAY (Pradhan Mantri Home Loan) Scheme

Prime Minister has announced Pradhan mantri home loans interest subsidy scheme. Credit linked subsidy will be provided on home loans taken by eligible urban poor (EWS/LIG) for acquisition, construction of house.

Under Affordable Housing through Credit Linked Subsidy there are 4 schemes:

  1. CLSS - EWS / LIG - ( Loan term 20 years, subsidy upto 2.67 lakh)
  2. Revised CLSS - EWS/LIG - ( Loan term 20 years, subsidy upto 2.67 lakh)
  3. CLSS (MIG-I) - (Scheme available upto 31.03.2022)
  4. CLSS (MIG-II) -
  5. More details on SBI Pradhan Mantri Home Loan Scheme
State Bank of India is the country's largest bank in terms of number of customers, employees, advances and deposits. Despite being a government-owned bank, it has not only managed to stay ahead of its private sector peers, but continue to be one of the most profitable banks. It remains the ‘trend-setter' for the banking industry when it comes to taking decisions on interest rates, and product innovations.

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-30years 5years-30years
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
Margin/ LTV Ratio for SBI Home Loan
Loan Amount Margin (Min.) Maximum LTV Ratio (Max.)
Upto Rs. 30 Lacs 10% 90%
Above Rs. 30 Lacs. to 75 lac 20% 80%
Above Rs. 75 Lac 25% 75%

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.

SBI Home Loan EMI Calculator

Calculate your loan emi on the basis of loan amount, loan term & interest rates within seconds. Click to Calculate

Home Loan EMI calculator is a basic calculator that helps you to calculate the EMI, monthly interest and monthly reducing balance on the basis of principal amount, loan tenure and interest rate.

For an Example:

Loan Amount Rs. 2500000 / 25 Lakh
ROI / Rate of Interest 6.70%
Repayment Tenure 15 Years
EMI per month Rs. 22053
A Calculation Chart of EMI / Principal / Interest as below:
Month Loan Balance EMI Principal Monthly Interest Outstanding Balance
1 ₹ 2500000 ₹ 22053 ₹ 8095 ₹ 13958 ₹ 2491905
2 ₹ 2491905 ₹ 22053 ₹ 8140 ₹ 13913 ₹ 2483764
3 ₹ 2483764 ₹ 22053 ₹ 8186 ₹ 13868 ₹ 2475579
4 ₹ 2475579 ₹ 22053 ₹ 8232 ₹ 13822 ₹ 2467347
5 ₹ 2467347 ₹ 22053 ₹ 8277 ₹ 13776 ₹ 2459070
6 ₹ 2459070 ₹ 22053 ₹ 8324 ₹ 13730 ₹ 2450746
7 ₹ 2450746 ₹ 22053 ₹ 8370 ₹ 13683 ₹ 2442376
8 ₹ 2442376 ₹ 22053 ₹ 8417 ₹ 13637 ₹ 2433959
9 ₹ 2433959 ₹ 22053 ₹ 8464 ₹ 13590 ₹ 2425495
10 ₹ 2425495 ₹ 22053 ₹ 8511 ₹ 13542 ₹ 2416984
11 ₹ 2416984 ₹ 22053 ₹ 8559 ₹ 13495 ₹ 2408425
12 ₹ 2408425 ₹ 22053 ₹ 8606 ₹ 13447 ₹ 2399819
13 ₹ 2399819 ₹ 22053 ₹ 8655 ₹ 13399 ₹ 2391164
14 ₹ 2391164 ₹ 22053 ₹ 8703 ₹ 13351 ₹ 2382461
15 ₹ 2382461 ₹ 22053 ₹ 8751 ₹ 13302 ₹ 2373710
16 ₹ 2373710 ₹ 22053 ₹ 8800 ₹ 13253 ₹ 2364910
17 ₹ 2364910 ₹ 22053 ₹ 8849 ₹ 13204 ₹ 2356060
18 ₹ 2356060 ₹ 22053 ₹ 8899 ₹ 13155 ₹ 2347162
19 ₹ 2347162 ₹ 22053 ₹ 8949 ₹ 13105 ₹ 2338213
20 ₹ 2338213 ₹ 22053 ₹ 8998 ₹ 13055 ₹ 2329215
21 ₹ 2329215 ₹ 22053 ₹ 9049 ₹ 13005 ₹ 2320166
22 ₹ 2320166 ₹ 22053 ₹ 9099 ₹ 12954 ₹ 2311067
23 ₹ 2311067 ₹ 22053 ₹ 9150 ₹ 12903 ₹ 2301917
24 ₹ 2301917 ₹ 22053 ₹ 9201 ₹ 12852 ₹ 2292715
25 ₹ 2292715 ₹ 22053 ₹ 9252 ₹ 12801 ₹ 2283463
26 ₹ 2283463 ₹ 22053 ₹ 9304 ₹ 12749 ₹ 2274159
27 ₹ 2274159 ₹ 22053 ₹ 9356 ₹ 12697 ₹ 2264803
28 ₹ 2264803 ₹ 22053 ₹ 9408 ₹ 12645 ₹ 2255394
29 ₹ 2255394 ₹ 22053 ₹ 9461 ₹ 12593 ₹ 2245933
30 ₹ 2245933 ₹ 22053 ₹ 9514 ₹ 12540 ₹ 2236420
31 ₹ 2236420 ₹ 22053 ₹ 9567 ₹ 12487 ₹ 2226853
32 ₹ 2226853 ₹ 22053 ₹ 9620 ₹ 12433 ₹ 2217233
33 ₹ 2217233 ₹ 22053 ₹ 9674 ₹ 12380 ₹ 2207559
34 ₹ 2207559 ₹ 22053 ₹ 9728 ₹ 12326 ₹ 2197831
35 ₹ 2197831 ₹ 22053 ₹ 9782 ₹ 12271 ₹ 2188049
36 ₹ 2188049 ₹ 22053 ₹ 9837 ₹ 12217 ₹ 2178212
37 ₹ 2178212 ₹ 22053 ₹ 9892 ₹ 12162 ₹ 2168320
38 ₹ 2168320 ₹ 22053 ₹ 9947 ₹ 12106 ₹ 2158373
39 ₹ 2158373 ₹ 22053 ₹ 10003 ₹ 12051 ₹ 2148370
40 ₹ 2148370 ₹ 22053 ₹ 10058 ₹ 11995 ₹ 2138312
41 ₹ 2138312 ₹ 22053 ₹ 10115 ₹ 11939 ₹ 2128197
42 ₹ 2128197 ₹ 22053 ₹ 10171 ₹ 11882 ₹ 2118026
43 ₹ 2118026 ₹ 22053 ₹ 10228 ₹ 11826 ₹ 2107798
44 ₹ 2107798 ₹ 22053 ₹ 10285 ₹ 11769 ₹ 2097513
45 ₹ 2097513 ₹ 22053 ₹ 10342 ₹ 11711 ₹ 2087171
46 ₹ 2087171 ₹ 22053 ₹ 10400 ₹ 11653 ₹ 2076771
47 ₹ 2076771 ₹ 22053 ₹ 10458 ₹ 11595 ₹ 2066313
48 ₹ 2066313 ₹ 22053 ₹ 10517 ₹ 11537 ₹ 2055796
49 ₹ 2055796 ₹ 22053 ₹ 10575 ₹ 11478 ₹ 2045221
50 ₹ 2045221 ₹ 22053 ₹ 10634 ₹ 11419 ₹ 2034587
51 ₹ 2034587 ₹ 22053 ₹ 10694 ₹ 11360 ₹ 2023893
52 ₹ 2023893 ₹ 22053 ₹ 10753 ₹ 11300 ₹ 2013139
53 ₹ 2013139 ₹ 22053 ₹ 10813 ₹ 11240 ₹ 2002326
54 ₹ 2002326 ₹ 22053 ₹ 10874 ₹ 11180 ₹ 1991452
55 ₹ 1991452 ₹ 22053 ₹ 10935 ₹ 11119 ₹ 1980518
56 ₹ 1980518 ₹ 22053 ₹ 10996 ₹ 11058 ₹ 1969522
57 ₹ 1969522 ₹ 22053 ₹ 11057 ₹ 10996 ₹ 1958465
58 ₹ 1958465 ₹ 22053 ₹ 11119 ₹ 10935 ₹ 1947346
59 ₹ 1947346 ₹ 22053 ₹ 11181 ₹ 10873 ₹ 1936165
60 ₹ 1936165 ₹ 22053 ₹ 11243 ₹ 10810 ₹ 1924922
61 ₹ 1924922 ₹ 22053 ₹ 11306 ₹ 10747 ₹ 1913616
62 ₹ 1913616 ₹ 22053 ₹ 11369 ₹ 10684 ₹ 1902247
63 ₹ 1902247 ₹ 22053 ₹ 11433 ₹ 10621 ₹ 1890814
64 ₹ 1890814 ₹ 22053 ₹ 11496 ₹ 10557 ₹ 1879318
65 ₹ 1879318 ₹ 22053 ₹ 11561 ₹ 10493 ₹ 1867757
66 ₹ 1867757 ₹ 22053 ₹ 11625 ₹ 10428 ₹ 1856132
67 ₹ 1856132 ₹ 22053 ₹ 11690 ₹ 10363 ₹ 1844442
68 ₹ 1844442 ₹ 22053 ₹ 11755 ₹ 10298 ₹ 1832687
69 ₹ 1832687 ₹ 22053 ₹ 11821 ₹ 10233 ₹ 1820866
70 ₹ 1820866 ₹ 22053 ₹ 11887 ₹ 10167 ₹ 1808979
71 ₹ 1808979 ₹ 22053 ₹ 11953 ₹ 10100 ₹ 1797025
72 ₹ 1797025 ₹ 22053 ₹ 12020 ₹ 10033 ₹ 1785005
73 ₹ 1785005 ₹ 22053 ₹ 12087 ₹ 9966 ₹ 1772918
74 ₹ 1772918 ₹ 22053 ₹ 12155 ₹ 9899 ₹ 1760763
75 ₹ 1760763 ₹ 22053 ₹ 12223 ₹ 9831 ₹ 1748541
76 ₹ 1748541 ₹ 22053 ₹ 12291 ₹ 9763 ₹ 1736250
77 ₹ 1736250 ₹ 22053 ₹ 12359 ₹ 9694 ₹ 1723891
78 ₹ 1723891 ₹ 22053 ₹ 12428 ₹ 9625 ₹ 1711462
79 ₹ 1711462 ₹ 22053 ₹ 12498 ₹ 9556 ₹ 1698964
80 ₹ 1698964 ₹ 22053 ₹ 12568 ₹ 9486 ₹ 1686397
81 ₹ 1686397 ₹ 22053 ₹ 12638 ₹ 9416 ₹ 1673759
82 ₹ 1673759 ₹ 22053 ₹ 12708 ₹ 9345 ₹ 1661051
83 ₹ 1661051 ₹ 22053 ₹ 12779 ₹ 9274 ₹ 1648271
84 ₹ 1648271 ₹ 22053 ₹ 12851 ₹ 9203 ₹ 1635421
85 ₹ 1635421 ₹ 22053 ₹ 12922 ₹ 9131 ₹ 1622498
86 ₹ 1622498 ₹ 22053 ₹ 12995 ₹ 9059 ₹ 1609504
87 ₹ 1609504 ₹ 22053 ₹ 13067 ₹ 8986 ₹ 1596437
88 ₹ 1596437 ₹ 22053 ₹ 13140 ₹ 8913 ₹ 1583297
89 ₹ 1583297 ₹ 22053 ₹ 13213 ₹ 8840 ₹ 1570083
90 ₹ 1570083 ₹ 22053 ₹ 13287 ₹ 8766 ₹ 1556796
91 ₹ 1556796 ₹ 22053 ₹ 13361 ₹ 8692 ₹ 1543435
92 ₹ 1543435 ₹ 22053 ₹ 13436 ₹ 8618 ₹ 1529999
93 ₹ 1529999 ₹ 22053 ₹ 13511 ₹ 8542 ₹ 1516488
94 ₹ 1516488 ₹ 22053 ₹ 13586 ₹ 8467 ₹ 1502901
95 ₹ 1502901 ₹ 22053 ₹ 13662 ₹ 8391 ₹ 1489239
96 ₹ 1489239 ₹ 22053 ₹ 13739 ₹ 8315 ₹ 1475500
97 ₹ 1475500 ₹ 22053 ₹ 13815 ₹ 8238 ₹ 1461685
98 ₹ 1461685 ₹ 22053 ₹ 13892 ₹ 8161 ₹ 1447793
99 ₹ 1447793 ₹ 22053 ₹ 13970 ₹ 8084 ₹ 1433823
100 ₹ 1433823 ₹ 22053 ₹ 14048 ₹ 8006 ₹ 1419775
101 ₹ 1419775 ₹ 22053 ₹ 14126 ₹ 7927 ₹ 1405648
102 ₹ 1405648 ₹ 22053 ₹ 14205 ₹ 7848 ₹ 1391443
103 ₹ 1391443 ₹ 22053 ₹ 14285 ₹ 7769 ₹ 1377158
104 ₹ 1377158 ₹ 22053 ₹ 14364 ₹ 7689 ₹ 1362794
105 ₹ 1362794 ₹ 22053 ₹ 14445 ₹ 7609 ₹ 1348349
106 ₹ 1348349 ₹ 22053 ₹ 14525 ₹ 7528 ₹ 1333824
107 ₹ 1333824 ₹ 22053 ₹ 14606 ₹ 7447 ₹ 1319218
108 ₹ 1319218 ₹ 22053 ₹ 14688 ₹ 7366 ₹ 1304530
109 ₹ 1304530 ₹ 22053 ₹ 14770 ₹ 7284 ₹ 1289760
110 ₹ 1289760 ₹ 22053 ₹ 14852 ₹ 7201 ₹ 1274908
111 ₹ 1274908 ₹ 22053 ₹ 14935 ₹ 7118 ₹ 1259973
112 ₹ 1259973 ₹ 22053 ₹ 15019 ₹ 7035 ₹ 1244954
113 ₹ 1244954 ₹ 22053 ₹ 15102 ₹ 6951 ₹ 1229851
114 ₹ 1229851 ₹ 22053 ₹ 15187 ₹ 6867 ₹ 1214665
115 ₹ 1214665 ₹ 22053 ₹ 15272 ₹ 6782 ₹ 1199393
116 ₹ 1199393 ₹ 22053 ₹ 15357 ₹ 6697 ₹ 1184036
117 ₹ 1184036 ₹ 22053 ₹ 15443 ₹ 6611 ₹ 1168593
118 ₹ 1168593 ₹ 22053 ₹ 15529 ₹ 6525 ₹ 1153065
119 ₹ 1153065 ₹ 22053 ₹ 15616 ₹ 6438 ₹ 1137449
120 ₹ 1137449 ₹ 22053 ₹ 15703 ₹ 6351 ₹ 1121746
121 ₹ 1121746 ₹ 22053 ₹ 15790 ₹ 6263 ₹ 1105956
122 ₹ 1105956 ₹ 22053 ₹ 15879 ₹ 6175 ₹ 1090077
123 ₹ 1090077 ₹ 22053 ₹ 15967 ₹ 6086 ₹ 1074110
124 ₹ 1074110 ₹ 22053 ₹ 16056 ₹ 5997 ₹ 1058054
125 ₹ 1058054 ₹ 22053 ₹ 16146 ₹ 5907 ₹ 1041908
126 ₹ 1041908 ₹ 22053 ₹ 16236 ₹ 5817 ₹ 1025672
127 ₹ 1025672 ₹ 22053 ₹ 16327 ₹ 5727 ₹ 1009345
128 ₹ 1009345 ₹ 22053 ₹ 16418 ₹ 5636 ₹ 992927
129 ₹ 992927 ₹ 22053 ₹ 16510 ₹ 5544 ₹ 976417
130 ₹ 976417 ₹ 22053 ₹ 16602 ₹ 5452 ₹ 959815
131 ₹ 959815 ₹ 22053 ₹ 16695 ₹ 5359 ₹ 943121
132 ₹ 943121 ₹ 22053 ₹ 16788 ₹ 5266 ₹ 926333
133 ₹ 926333 ₹ 22053 ₹ 16881 ₹ 5172 ₹ 909451
134 ₹ 909451 ₹ 22053 ₹ 16976 ₹ 5078 ₹ 892476
135 ₹ 892476 ₹ 22053 ₹ 17071 ₹ 4983 ₹ 875405
136 ₹ 875405 ₹ 22053 ₹ 17166 ₹ 4888 ₹ 858239
137 ₹ 858239 ₹ 22053 ₹ 17262 ₹ 4792 ₹ 840978
138 ₹ 840978 ₹ 22053 ₹ 17358 ₹ 4695 ₹ 823620
139 ₹ 823620 ₹ 22053 ₹ 17455 ₹ 4599 ₹ 806165
140 ₹ 806165 ₹ 22053 ₹ 17552 ₹ 4501 ₹ 788612
141 ₹ 788612 ₹ 22053 ₹ 17650 ₹ 4403 ₹ 770962
142 ₹ 770962 ₹ 22053 ₹ 17749 ₹ 4305 ₹ 753213
143 ₹ 753213 ₹ 22053 ₹ 17848 ₹ 4205 ₹ 735365
144 ₹ 735365 ₹ 22053 ₹ 17948 ₹ 4106 ₹ 717417
145 ₹ 717417 ₹ 22053 ₹ 18048 ₹ 4006 ₹ 699369
146 ₹ 699369 ₹ 22053 ₹ 18149 ₹ 3905 ₹ 681221
147 ₹ 681221 ₹ 22053 ₹ 18250 ₹ 3803 ₹ 662971
148 ₹ 662971 ₹ 22053 ₹ 18352 ₹ 3702 ₹ 644619
149 ₹ 644619 ₹ 22053 ₹ 18454 ₹ 3599 ₹ 626164
150 ₹ 626164 ₹ 22053 ₹ 18557 ₹ 3496 ₹ 607607
151 ₹ 607607 ₹ 22053 ₹ 18661 ₹ 3392 ₹ 588946
152 ₹ 588946 ₹ 22053 ₹ 18765 ₹ 3288 ₹ 570181
153 ₹ 570181 ₹ 22053 ₹ 18870 ₹ 3184 ₹ 551311
154 ₹ 551311 ₹ 22053 ₹ 18975 ₹ 3078 ₹ 532335
155 ₹ 532335 ₹ 22053 ₹ 19081 ₹ 2972 ₹ 513254
156 ₹ 513254 ₹ 22053 ₹ 19188 ₹ 2866 ₹ 494066
157 ₹ 494066 ₹ 22053 ₹ 19295 ₹ 2759 ₹ 474771
158 ₹ 474771 ₹ 22053 ₹ 19403 ₹ 2651 ₹ 455369
159 ₹ 455369 ₹ 22053 ₹ 19511 ₹ 2542 ₹ 435858
160 ₹ 435858 ₹ 22053 ₹ 19620 ₹ 2434 ₹ 416238
161 ₹ 416238 ₹ 22053 ₹ 19729 ₹ 2324 ₹ 396508
162 ₹ 396508 ₹ 22053 ₹ 19840 ₹ 2214 ₹ 376669
163 ₹ 376669 ₹ 22053 ₹ 19950 ₹ 2103 ₹ 356718
164 ₹ 356718 ₹ 22053 ₹ 20062 ₹ 1992 ₹ 336656
165 ₹ 336656 ₹ 22053 ₹ 20174 ₹ 1880 ₹ 316483
166 ₹ 316483 ₹ 22053 ₹ 20286 ₹ 1767 ₹ 296196
167 ₹ 296196 ₹ 22053 ₹ 20400 ₹ 1654 ₹ 275796
168 ₹ 275796 ₹ 22053 ₹ 20514 ₹ 1540 ₹ 255283
169 ₹ 255283 ₹ 22053 ₹ 20628 ₹ 1425 ₹ 234655
170 ₹ 234655 ₹ 22053 ₹ 20743 ₹ 1310 ₹ 213911
171 ₹ 213911 ₹ 22053 ₹ 20859 ₹ 1194 ₹ 193052
172 ₹ 193052 ₹ 22053 ₹ 20976 ₹ 1078 ₹ 172076
173 ₹ 172076 ₹ 22053 ₹ 21093 ₹ 961 ₹ 150984
174 ₹ 150984 ₹ 22053 ₹ 21210 ₹ 843 ₹ 129773
175 ₹ 129773 ₹ 22053 ₹ 21329 ₹ 725 ₹ 108444
176 ₹ 108444 ₹ 22053 ₹ 21448 ₹ 605 ₹ 86996
177 ₹ 86996 ₹ 22053 ₹ 21568 ₹ 486 ₹ 65429
178 ₹ 65429 ₹ 22053 ₹ 21688 ₹ 365 ₹ 43740
179 ₹ 43740 ₹ 22053 ₹ 21809 ₹ 244 ₹ 21931
180 ₹ 21931 ₹ 22053 ₹ 21931 ₹ 122 ₹ 0

SBI Home Loan Schemes or Products

SBI Balance Transfer Home Loan

SBI offers Balance Transfer of home loan that enables a customer to transfer home loan from Scheduled Commercial Banks (SCBs), Private and Foreign Banks, Housing Finance Companies (HFCs) registered with National Housing Bank (NHB) and Borrower’s employers if they are Central/State Govt or their undertakings or Public Sector Undertaking. more details on sbi home loan balance transfer here  
Loan Amount CIBIL / CIC Score Interest Rates
Upto 30 Lakh >800 6.70%
Above 30 Lakh 700 - 750 6.90%
751 - 800 6.80%
>800 6.70%
Minimum Interest Rates 6.70%

SBI NRI Home Loan

SBI NRI Home Loan allows many NRIs (Non Resident Indians) to get home loans when investing in properties.
  • Repayment up to 30 years
  • Home Loan Available as Overdraft
  • Interest Concession for Women Borrowers
  • Non Resident Indians (NRIs) or Persons of Indian Origin (PIOs)
  • Attested copy of valid Passport and visa.
  • Employer Identity Card
  • Address proof mentioning the current overseas address
  • PIO Card issued by Government of India. (in case of PIOs)
  • More details on SBI NRI Home Loans here

SBI NRI Home Loan Interest Rates

Loan Amount CIBIL / CIC Score Interest Rates
Upto 30 Lakh >800 6.70%
Above 30 Lakh 700 - 750 6.90%
751 - 800 6.80%
>800 6.70%
Minimum Interest Rates 6.70%

SBI Flexipay Home Loan

SBI Flexipay Home loan provides an eligibility for a higher loan amount exclusively for the salaried borrowers. It offers customer the option to pay only interest during the moratorium (pre-EMI) period, and thereafter, pay moderated EMIs.
  • 20% higher home loan eligibility
  • Repayment up to 30 years
  • Interest charge on daily reducing balance
  • More details on SBI FlexiPay Home Loan

SBI Flexipay Home Loan Interest Rates

Loan Amount CIBIL / CIC Score Interest Rates
Upto 30 Lakh >800 6.70%
Above 30 Lakh 700 - 750 6.90%
751 - 800 6.80%
>800 6.70%
Minimum Interest Rates 6.70%

SBI Pre Approved Home Loan

SBI PAL provides sanction of Home Loan limits to the customers before finalization of the property which enables them to negotiate with the Builder/Seller confidently. The loan eligibility will be assessed on the basis of income details of the applicant. ✓ Non-refundable processing fee as applicable to the Home Loan will be collected at the time of sanction. ✓ Pre-approved loan arrangement letter (PLAL) will be valid for a period of 4 months. Property papers will be required to be submitted by the borrower within the validity of PLAL.
  • Home Loan Available as Overdraft
  • No pre payment penalty
  • Interest concession for women borrowers
  • More details on sbi pre approved home loan

SBI Pre Approved Home Loan Interest Rates

Loan Amount CIBIL / CIC Score Interest Rates
Upto 30 Lakh >800 6.70%
Above 30 Lakh 700 – 750 6.90%
751 – 800 6.80%
>800 6.70%
Minimum Interest Rates 6.70%

SBI Realty Home Loan

SBI Realty provides an opportunity to the customer to purchase a plot for construction of a dwelling unit. The construction of the house should take place within 5 years from date the loan has been sanctioned.
  1. Maximum loan amount upto 15 Crore.
  2. Repayment period upto 10 years only.

SBI Realty Home Loan Interest Rates

Loan Amount Term Loan Women
Upto 30 Lakh 7.50% 7.45%
Above 30 Lakh – 75 Lakh 7.60% 7.55%
Above 75 Lakh 7.70% 7.65%

SBI Home Top Up Loan

SBI offers "SBI Home Top Up Loan" to their customer to borrow certain amount over and above their home loan amount. If you already have home loan with state bank of india, but need more amount than you can opt for top up loan.
  1. Home Loan Available as Overdraft.
  2. Repayment of upto 30 Years
  3. Low processing fees

SBI Top Up Home Loan Interest Rates

Loan Amount Term Loan Overdraft
Upto 20 Lakh 7.50% N.A%
20 Lakh to 1 Crore 7.70% 8.40%
1 Cr to 2 Crore 7.90% 8.65%
2 to 5 Crore 8.35%
Above 5 Crores 9.55%

SBI Smart Home Top Up Loan

It’s just simple, Go to your nearest branch and loan sanctioned within minutes. You can get loan for any purposes such as meeting expenditure on education, marriage, health care, repair/renovation/furnishing of the house, etc
  1. No Documents required.
  2. No Pre Payment Penalty
  3. Loan Amount: upto Rs. 5 lakhs
  4. CIBIL Score of 550 or higher
  5. Satisfactory repayment track record of 1 one year or more, after completion of moratorium
  6. No other Home Top-up or Insta Home Top-up loans should be active

SBI Smart Home Top up Loan Interest Rates

Loan Amount Salaried Non Salaried
Term Loan 8.05% 8.55%
Overdraft 8.55% 9.05%
Above 75 Lakh 7.15% 7.50%
Processing Fees Rs.2000 + GST
SBI Home Loan to Non-Salaried Special scheme for Non Salaried individuals its the best value home loan to customers. Available for the end use of purpose of construction / acquisition of residential house/flat, takeover of Home Loans from other Banks/HFCs and repair/renovation of existing house/flat.
  1. Repayment up to 30 years
  2. Should be in business existence for at least last 3 years
  3. Must have earned Net Profit in the last two years
  4. Loan Amount: Minimum: Rs. 50,000/- & maximum: Rs. 50 crores.
SBI Home Loan to Non Salaried Interest Rates
Loan Amount Salaried Non Salaried
Term Loan 8.05% 8.55%
Overdraft 8.55% 9.05%

Pre-EMI Interest by Builders Scheme Under the Pre-EMI Interest by Builders Scheme, the builder agrees to service full or part of the Pre-EMI interest (during the moratorium period) debited to the Home Loan account of the individual borrower as an incentive to Home buyers to generate maximum sales. In cases of Part Pre-EMI Schemes, the Pre-EMI interest at the stipulated interest rate is serviced by the Builders whereas the remaining Pre-EMI interest is serviced by the borrowers.

SBI Suraksha SBI offers life insurance linked to the housing loan. The premium of RinN Raksha is funded by SBI and the repayment is spread over the entire tenor of the loan in EMIs. This facility will be available to new Home Loan accounts and to an existing Home Loan in case the customer now opts to avail SBI Life cover.

SBI Corporate Home Loan Interest Rates
  1. State Bank of India offers corporate home loans on interest rates of 9.40% to 11.15%.

SBI Tribal Plus Home Loan SBI Tribal Plus is a Special Home Loan Scheme designed for Hill/Tribal areas (where mortgage of the property is not possible) for extending financial assistance to individuals. This loan is sanctioned for Purchase or construction of a new house/flat (without mortgage of land)

  1. Maximum loan amount is Rs.10 Lacs
  2. Maximum Repayment period is 15 years

FAQS about SBI Home Loans:

How will SBI decide the loan amount I am eligible for?

Bank will determine your home loan eligibility mostly by your income and repayment capacity. Other important factors include your age, qualification, number of dependents, 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 Credit Card
  4. SBI Business Loan
  5. SBI Property Loan
  6. SBI Two Wheeler Loan
  7. SBI Education Loan
  8. SBI Fixed Deposit Rates
  9. SBI Gold Loan
Information on deposits & Loan Schemes and services also available. (Tollfree from BSNL/MTNL)
  • 1800 112 211 (Toll Free)
  • 1800 425 3800 (Toll Free)
Registered Office-State Bank of India State Bank Bhavan Central Office 8th Floor, Madame Cama Marg, Nariman Point, Mumbai - 400021 Maharashtra - India Source: State Bank of India website.