SBI Home Loan
A great option if you are looking for a home loan that provides a variety of service and product features. SBI home loan offer both SBI bank housing loan and SBI personal loan to meet the needs of all customers.
SBI home loans provide low interest rates, an exceptional array of payment options, including SBI flexible EMI, SBI SIP, SBI housing loan, SBI car loan and SBI personal loan.
SBI home loans are available for buying a new house or building a house according to your needs and preferences.
SBI home loan in can be availed online and offline and complete documentation is at the customer’s disposal through SBI bank’s SBI home loan in.
State Bank of India offers various special home loans for defence personnel. The interest rates start at 6.70% p.a., and there’s no upper limit on the amount you can take out with this type of transaction!
The benefits of SBI home loans include interest rate concessions for women borrowers, the ability to overdraft your account and transfer funds between accounts without penalty.
There is also a balance transfer facility which allows you start paying off one loan before taking out another one in order not have multiple debts weighing down on yourself at once!
| SBI Home Loan Highlights 2022 |
| Interest Rate | 6.70% p.a. onwards |
| Loan Amount | Up to 90% of property value |
| Loan Tenure | Up to 30 years |
| Processing Charges | Nil under the Home Loan Festive Offer |
Note: The table above shows the interest rates on home loans offered by SBI. These are subject to change, so please check with your bank before applying!
SBI Home Loan Interest Rates – Jan 2022
So, you want to take out a home loan? This is the perfect time for your family because SBI just announced their new festive offer rates.For those with credit scores of 700 or higher there are never before seen low monthly payments available! You can apply at any branches in .
| Loan Bracket | CIBIL/CIC Score | Festive ROI* (p.a.) |
| Up to Rs. 30 lakh | > 800 | 6.70% |
| Above Rs. 30 lakh | 700-750 | 6.90% |
| 751-800 | 6.80% |
| > 800 | 6.70% |
| Minimum Floor Rate – 6.70 % p.a. |
SBI Regular Home Loan Interest Rates (Floating)
| Loan Amount | Salaried |
| Term Loan (Interest Rates p.a.) | Maxgain (Interest Rates p.a.) |
| Up to Rs. 30 Lakh | 6.80% | 7.15% |
| Above Rs. 30 Lakh to Rs. 75 Lakh | 7.05% | 7.40% |
| Above Rs. 75 Lakh | 7.15% | 7.50% |
Note:-- The customers who don’t have a salary will be charged an extra 15bps when they use their credit cards.
- We are pleased to offer you a premium of 10 bps for loans up to 30 lakhs with an LTV Ratio exceeding 80% and less than or equal 90%.
- The following applies for customers who fall into the RG (4-6) range on their cards.
- Women who qualify for the Smart IV Plans will have 05 bps concession available, which is an additional five basis points off their interest rate.
- The government has announced that they will be concessionary 5 bps for digitally sourced loans in Yonu.
SBI Privilege and Shaurya Home Loan Interest Rates
- Interest rates for bank accounts are usually decided by the government department or defense establishment. However, if you have a tie-up with our bank we will be able to offer special women-only discounts on interest rates!
- Where a check-off facility isn’t available, we’ll use interest rates that are applicable to other categories after taking into consideration your LTV Ratio and Risk Grade.
SBI Realty Home Loan Interest Rates
| Loan Amount | Card Rate (Interest Rates p.a.) |
| Up to Rs. 30 Lakh | 7.50% |
| Above Rs. 30 Lakh to Rs. 75 Lakh | 7.60% |
| Above Rs. 75 Lakh | 7.70% |
Notes:-- The following applies for customers who fall into the RG (4-6) range on their cards.
- Women who qualify for the Smart IV Plans will have 05 bps concession available, which is an additional five basis points off their interest rate.
- For the customers who are not having salary account with SBI, a premium of 05 bps will be added on top
Home Loan Interest Rates of SBI Other Schemes
| Product | Applicable Interest Rate |
| Tribal Plus Scheme | An additional 10 bps will be added to the Final Rate |
| Home Loan to Employees of Kerala Govt. Scheme | 6.80% |
| CRE Home Loan | An additional 50 bps premium will be added to the Final Rate |
| SBI Bridge Loan | For 1st Year: 9.50% For 2nd Year: 10.50% |
| EMD Scheme | 10.45% |
SBI Home Top Up Interest Rates (Floating):
| Loan Slab | Term Loan | Overdraft |
| Up to Rs. 20 lakh | 7.50% | N.A. |
| Above Rs. 20 lakh and up to Rs. 1 crore | 7.70% | 8.40% |
| Above Rs. 1 crore and up to Rs. 2 crore | 7.90% | 8.65% |
| Above Rs. 2 crores and up to Rs. 5 crore | 8.35% | – |
| Above Rs. 5 crore | 9.55% | – |
Notes:-- The customers who don’t have a salary will be charged an extra 15bps when they use their credit cards.
- We are pleased to offer you a premium of 10 bps for loans up to 30 lakhs with an LTV Ratio exceeding 80% and less than or equal 90%.
- The following applies for customers who fall into the RG (4-6) range on their cards.
- We know how much you love the feeling of arriving at a final rate, which is why we’ve combined Non-Salaried Risk Grade 04 – 06 into one package.
Home Loan Interest Rates of SBI Other Schemes
| Product | Applicable Interest Rate |
| Tribal Plus Scheme | An additional 10 bps will be added to the Final Rate |
| Home Loan to Employees of Kerala Govt. Scheme | 6.80% |
| CRE Home Loan | An additional 50 bps premium will be added to the Final Rate |
| SBI Bridge Loan | For 1st Year: 9.50% For 2nd Year: 10.50% |
| EMD Scheme | 10.45% |
SBI Home Top Up Interest Rate (Floating):
| Loan Slab | Term Loan | Overdraft |
| Up to Rs. 20 lakh | 7.50% | N.A. |
| Above Rs. 20 lakh and up to Rs. 1 crore | 7.70% | 8.40% |
| Above Rs. 1 crore and up to Rs. 2 crore | 7.90% | 8.65% |
| Above Rs. 2 crores and up to Rs. 5 crore | 8.35% | – |
| Above Rs. 5 crore | 9.55% | – |
- A premium of 15 bps will be added to Card Rate for Non-Salaried Customers
- A premium of 10 bps will be added to the Card Rate for customers who fall under Risk Grade 04 to 06
- A premium of Non-Salaried, Risk Grade 04 to 06 will be clubbed with another premium for arriving at the final rate for the customers
SBI Insta Home Top Up Loan Interest Rate
| Insta Home Top Up Loan (Rs. 1 Lakh to Rs. 5 Lakh) | 8.25% p.a., irrespective of Risk Grades, gender, and occupation. |
SBI Smart Home Top Up Loan Interest Rate
| Salaried | Non-Salaried |
| Term Loan | 8.05% | 8.55% |
| Overdraft | 8.55% | 9.05% |
Types of SBI Home Loan
a). SBI Home Loan
The SBI home loan is yet another in an array of options for lending to Indian salaried professionals, with or without independent income, including high earning women and those from the LGBT community.Individuals can receive 0.05% interest concession if they are long-term female customers of the bank. They also have access to over draft facilities and a MaxGain program which provides them with a monthly account statement that helps track their progress towards achieving their financial goals.
- Interest Rate (Term Loan): 6.70% – 7.15% Interest Rate (Maxgain): 6.90% – 7.30%
- Loan Amount: As per the eligibility
- Tenure: 30 years
- Processing Fee: Nil under the Home Loan Festive Offer
- Age Limit: 18 – 70 years
b). SBI Realty Home Loan
Any salaried or non-salaried Indian national who would like to purchase a plot upon which to build their home can take advantage of this lending program.However, individuals must make sure that construction on the house has begun within five years from the date of loan approval. Under this loan program, customers may additionally be granted another home loan in order to begin building their home.
- Interest Rate: 7.50% – 7.70%
- Loan Amount: Up to Rs. 15 crore
- Tenure: 10 years
- Processing Fee: 0.40% (Min. Rs. 10,000 & Max. Rs. 30,000) + GST
- Age Limit: 18 – 65 years
c). SBI Shaurya Home Loan
SBI Shaurya is dedicated to the freedom fighters who lay down their lives for our country. It comes at an attractive interest rate and is available to those who want to become homeowners but aren’t able to save enough money due to their high monthly outgoings.SBI Shaurya comes with a host of benefits that include zero processing fees and pre-payment penalty, interest rate concession for women borrowers, and in the case of checkout clauses.
- Interest Rate: As per credit assessment
- Loan Amount: As per eligibility
- Tenure: Up to 30 years
- Processing Fee: 0.40% (Min. Rs. 10,000 & Max. Rs. 30,000) + GST
- Age Limit: 21– 45 years (to apply for a loan) & 70 years (for loan repayment)
d). SBI Flexipay Home Loan
SBI Flexipay Home loan offers a salaried borrower the option to pay only interest during the pre-EMI moratorium year, moderated EMIs in subsequent years along with the increased installments.
- Interest Rate: As per credit assessment
- Loan Amount: As per the eligibility
- Tenure: Up to 30 years
- Processing Fee: Nil
- Age Limit: 18 – 75 years
e). SBI Bridge Home Loan
Many times when selling your existing property, you can run into a shortage of cash. However, there is recourse in the form of bridge loans. If you’re an Indian resident, you’ll want to take advantage of the preferential interest rates offered by banks.
- Interest Rate For 1st Year: 9.50% p.a. For 2nd Year: 10.50% p.a.
- Loan Amount: Rs. 20 lakh to Rs. 2 crore
- Tenure: Up to 2 years
- Processing Fee: 0.35% (Min. Rs. 5,000) + GST
- Age Limit: 18 – 70 years
f). SBI Home Loan Balance Transfer
SBI has opened this awesome new feature in our loan department where instead of switching banks, you can still transfer your home loans with us to other locations. This is a great benefit for women homeowners who are constantly being charged high interest rates at their local bank.
- Interest Rate: 6.70% onwards
- Loan Amount: As per the eligibility
- Tenure: Extended as per eligibility
- Processing Fee: 0.40% (Min. Rs. 10,000 & Max. Rs. 30,000)
- Age Limit: 18 – 70 years
g). SBI Home Top Up Loan
If you’re a resident Indian or non-resident Indian looking to buy a new home but want more money, you have an option to get it by taking out your home’s top-up loan.
- Interest Rate (Term Loan): 7.50% – 9.55% Interest Rate (Overdraft): 8.40% – 8.65%
- Loan Amount: As per eligibility
- Tenure: Up to 30 year
- Processing Fee: 0.4% (Min. of Rs. 10,000 & Max. of Rs. 30,000) + GST
- Age Limit: 18 – 70 years
SBI Home Loan Eligibility
Would you like a loan but don’t want to borrow from SBI?, Putting all the information that they need for your loan documents. Please note our criteria for disbursement are listed below:
| Borrower Profile | Indian Residents/NRIs/PIOs |
| Employment Type | Salaried/Self Employed |
| Age | 18 to 75 years |
| Credit Score | Preferably 750 and above |
| Income | Varies from case to case |
SBI Home Loan Documents for Salaried & Self-Employed
- Completed SBI home loan application form
- Three passport size photographs
- Employer Identity Card (for salaried applicants)
- Proof of Identity (Anyone): PAN/ Passport/ Driver’s License/ Voter ID card
- Proof of Residence/ Address (Anyone)
- Property Documents
- Account Statement
- Proof of Income (For Salaried)
- Proof of Income (For Non-Salaried)
SBI Home Loan Fees & Charges
When you’re looking at buying a home, the processing fee really adds up! That’s why SBI offers 0 Processing fees on home loans in selected projects. The other SBI housing loan charges are as follows:
- Prepayment Charges: No prepayment charges for floating rates
- CERSAI Registration Fee: Up to Rs. 5 Lakh – Rs. 50 Above Rs. 5 Lakh – Rs. 100
SBI Home Loan Customer Care
| SBI Home Loan Customer Care Toll-free Numbers | 1800 11 2211 (Toll-free number) 1800 425 3800 (Toll-free number) 080-26599990 (Toll number) |
| SMS Service | SMS HOME to 92235 88888 |
| Missed Call Service | 72089 33140 |
| Link to register complaints | homeloan.complaints@sbi.co.in |
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