Highlights
- SBI home loan eligibility, documents, and interest rates as low as 8.25%
- SBI insta top-up home loan without documents
- SBI Home Loan offered on Repo Rate Linked EBLR (External Benchmark Linked Rate)
The home loan offered by SBI is an ideal choice for everyone. The bank offers the lowest home loan interest rate, SBI home loan is what every home loan borrower seeks an SBI home loan. Read this article to know that you can understand the product to understand and apply for it in times of need.
SBI Home Loan Interest Rates Apr 2025
Below is the table showing the latest SBI home loan interest rates with some other important details -
| Particulars | Details |
|---|---|
Interest Rate | Starting from 8.25% p.a. |
LTV | Up to 90% of the loan amount |
Loan Tenure | Up to 30 years or up to the age of 70 years (whichever is earlier) |
CIBIL Score | 650 or above |
Types of SBI Home Loan Schemes
State Bank of India offers various home loan schemes, so that customers can choose the scheme as per their requirements. All SBI home loan schemes come with easy repayment options and nominal fees & charges. To know more, read more.
1. Regular Home Loan
For purchasing a ready/under-construction property or a pre-owned home. Also available for constructing a house or renovating/extending an existing home.
- Tenure: Up to 30 years
2. NRI Home Loan
Specifically designed for Non-Resident Indians to purchase residential properties in India.
- Tenure: Up to 30 years
3. SBI Flexipay Home Loan
For salaried individuals seeking higher loan eligibility. The repayment is split into two phases – initial years with interest-only payments, followed by regular EMI (principal + interest).
- Tenure: Up to 30 years
4. SBI Home Loan Balance Transfer
Transfer your existing home loan from another bank/HFC to SBI at a lower interest rate.
5. SBI Privilege Home Loan
Designed for government employees, PSU workers, and pensionable individuals.
- Tenure: Up to 30 years
6. SBI Shaurya Home Loan
Special home loan scheme for defense and army personnel with lower interest rates and longer repayment options.
- Tenure: Up to 30 years
7. SBI Pre-Approved Home Loan
Get a pre-approved loan based on income, even before selecting a property, helping you negotiate better with builders/sellers.
- Tenure: Up to 30 years
8. SBI Realty Home Loan
For purchasing a plot and constructing a home on it. Construction must begin within 5 years of loan sanction.
- Loan Amount: Up to Rs 15 crore
- Tenure: Up to 10 years
9. SBI Top-up Home Loan
Additional funds over your existing SBI home loan for personal use.
- Tenure: Up to 30 years
10. SBI YONO Insta Home Top-up Loan
Instant digital top-up loan via the SBI YONO app, available to select existing home loan customers for personal needs.
11. SBI Home Loan for Non-Salaried – Customized Offerings
For non-salaried applicants to purchase/build homes, renovate, or transfer existing home loans to SBI.
- Loan Amount: Rs 50,000 to Rs 5 crore
- Tenure: Up to 30 years
12. SBI Tribal Plus
Special scheme for individuals in tribal or hilly areas to buy or build homes, purchase homes less than 10 years old, or renovate/extend existing properties.
Loan Amount:
- Salaried: Up to Rs 20 lakh
- Non-Salaried: Up to Rs 15 lakh
Tenure: Up to 15 years
13. SBI Maxgain Home Loan
Overdraft facility for ready-to-move-in property buyers. EMI payments continue as in regular loans, but drawing power reduces with each EMI as the principal reduces.
SBI Home Loan Eligibility Criteria
SBI provides home loans to salaried, self-employed, employees of central/state government, self-help groups, and defense personnel belonging to the army, navy, and air force. For your reference, here is the table outlining SBI Home Loan eligibility criteria.
| Criteria | Details |
|---|---|
Minimum Age | 18 years (21 years for SBI Tribal Plus) |
Maximum Age | Up to 70 years (varies by loan type) |
Nationality | Indian Citizens (Resident or NRI as applicable) |
Loan-wise Specific Eligibility Criteria
| Loan Type | Specific Criteria |
|---|---|
SBI Regular Home Loan / Pre-Approved Loan/ Balance Transfer | Max Age: 70 years Nationality: Resident Indian |
SBI NRI Home Loan | Max Age: 60 years Nationality: Non-Resident Indian / Person of Indian Origin |
SBI Flexipay Home Loan | Age: 21–45 years Max Age: 70 years Job Profile: Salaried Nationality: Indian |
SBI Privilege Home Loan | Max Age: 75 years Job Profile: Government employees, PSU employees, individuals with pensionable service |
SBI Shaurya Home Loan | Max Age: 75 years Job Profile: Army and Defense Personnel |
SBI Realty Home Loan | Max Age: 65 years Nationality: Indian |
SBI Top-up Home Loan | Max Age: 70 years Nationality: Resident Indian / NRI |
SBI YONO Insta Home Top-up Loan | Pre-selected customers based on credit checks, repayment history, residual tenure, etc. |
SBI Home Loan for Non-Salaried | Nationality: Resident Indian Job Profile: Proprietors, Partners, Directors Business: Min. 3 yrs old, Net Profit in past 2 years, standard credit profile |
SBI Tribal Plus | Age: 21–60 years Nationality: Resident Indian |
SBI Bank Home Loan Documents
The list of papers/documents required for SBI home loans is a little different depending on the profession.
Documents required for SBI home loan for all applicants:
- Employer Identity Card
- Loan Application: Duly filled application form with three passport-size photographs affixed.
- Proof of Identity (Any one): Voter ID card/Passport/PAN/ Driver’s License/
- Proof of Address (any one of the following): Recent Telephone, Electricity, Water, or Piped Gas bill, or a copy of Passport, Driving License, or Aadhaar Card.
Property Papers for SBI home loans:
- Permission for construction (where applicable)
- Registered Agreement for Sale (only for Maharashtra)/Allotment Letter/Stamped Agreement for Sale
- Occupancy Certificate (in case of a ready-to-move property)
- Share Certificate (for society flats), Maintenance Bill, Electricity Bill, Property Tax Receipt
- A copy of the approved plan (Xerox blueprint), along with the builder’s registered development agreement and the conveyance deed (for new properties).
- Payment Receipts or bank A/C statement showing all the payments made to the Builder/Seller
Account Statement:
- Bank statements for the last 6 months for all accounts held by the applicant(s).
- If any previous loan from other Banks/Lenders, then the Loan A/C statement for the last 1 year
Income proof documents needed for salaried applicants applying for an SBI home loan:
- Salary Certificate or Salary Slip of the last 3 months
- Copy of Form 16 for the last 2 years or copy of IT Returns for the last 2 financial years, acknowledged by the IT Dept.
Income proof documents needed for non-salaried applicants applying for an SBI home loan:
- Business address proof
- IT returns for the last 3 years
- Balance Sheet & Profit & Loss A/c for last 3 years
- Business License Details(or equivalent)
- TDS Certificate (Form 16A, if applicable)
- Certificate of qualification (for C.A./ Doctor and other professionals)
How Can You Calculate EMI for SBI Home Loan?
The Wishfin SBI Bank Home Loan EMI Calculator uses your income and savings to estimate your eligible loan amount. You can better understand the calculation process through a simple illustration.
Example -
Preeti Singh, a teacher in MP, wants to buy the home of her dreams. She approaches SBI Bank for a home loan of Rs 30 Lakhs. The bank carefully evaluates her eligibility and repayment capacity. Based on the assessment, she is offered the same loan amount at an interest rate ranging from 8.25% p.a. for a tenure of 30 years. Preeti can use the home loan EMI calculator to estimate her monthly installments for different tenures and enjoy a smooth, stress-free home loan journey.
| Tenure | Interest Rate - 8.25% p.a. | Interest Rate - 9.40% p.a. |
|---|---|---|
5 | Rs 61,188.75 | Rs 62,859.08 |
10 | Rs 36,795.79 | Rs 38,655.20 |
15 | Rs 29,104.21 | Rs 31,145.97 |
20 | Rs 25,561.97 | Rs 27,768.32 |
25 | Rs 23,653.50 | Rs 26,002.66 |
30 | Rs 22,538.00 | Rs 25,007.04 |
Processing Fee & Other Charges of SBI Home Loans
Here are the additional fees and charges on the SBI Home loan apart from the home loan interest rate -
| Processing Fee | |
|---|---|
Home Loan & Top-up Home Loan | 0.35% of the loan amount, subject to a minimum of ₹2,000 and a maximum of ₹10,000, plus applicable GST. |
Home Loan Take Over -Balance Transfer | 100% waiver |
NRI, Realty, Maxgain, CRE, Flexipay, Non-Salaried, PAL, Triple Plus, and Apon Ghar Loans above ₹15 lakhs. | 0.35% of the loan amount, subject to a minimum of ₹2,000 and a maximum of ₹10,000, plus applicable GST. |
YONO Insta Home Top-up Loan | Rs 2,000 |
Privilege and Shaurya Home Loan | NIL |
Apon Ghar (HL up to Rs 15 lakhs) | NIL |
Kerala Govt Employees Home Loans | NIL |
| Other Charges | |
NoPrepayment charges | NIL |
Hidden Charges | NIL |
Pre-closure Charges | NIL |
Failed SI /NACH | Rs 250 + GST per failed SI/NACH |
SBI Home Loan Features & Benefits
- Exclusive Benefit Packages- Enjoy a range of specially curated advantages with your loan.
- Low Interest Rates - Interest is calculated on a daily reducing balance, ensuring fair and transparent charges.
- Overdraft Facility on Home Loan - Avail your home loan as an overdraft and make the most of your surplus funds.
- Minimal Processing Charges - Transparent fee structure with no hidden costs.
- No Prepayment Penalties- Prepay your loan anytime to reduce your interest burden, without extra charges.
SBI Home Loan Customer Care Number
If you have any queries related to the SBI home loan, you can also contact the nearest SBI branch, or you can dial the SBI Home Loan Customer Care Number. The executives will clear all your doubts as soon as possible.
- Toll Free - 1800112018
SBI Home Loan FAQs
1. What is the current SBI Bank home loan interest rate?
The latest SBI Bank home loan interest rate starts from 8.25% p.a.
2. What are the different types of SBI home loans?
Here are the types of SBI home loans -
- Regular Home Loan
- NRI Home Loan
- SBI Flexipay Home Loan
- SBI Home Loan Balance Transfer
- SBI Privilege Home Loan
- SBI Shaurya Home Loan
- SBI Pre-Approved Home Loan
- SBI Realty Home Loan
- SBI Top-up Home Loan
- SBI Home Loan to Non-Salaried, SBI YONO Insta Home Top-up Loan
- SBI Tribal Plus
- SBI Maxgain Home Loan
3. What is the maximum home loan tenure for SBI?
The maximum home loan tenure in SBI is up to 30 years.
4. How long does it take for an SBI home loan approval?
After submitting the loan application, SBI generally takes about 3 to 7 working days to approve your home loan.
5. What is the SBI home loan processing fee?
The SBI home loan processing fee is 0.35% of the loan amount (Min: Rs 2,000 and Max: Rs 10,000) + GST.
6. What is the minimum CIBIL score for an SBI home loan?
The minimum CIBIL score to apply for an SBI home loan is 750 or more.
7. Can a pensioner get a housing loan from SBI?
The bank offers an SBI Pension Loan that can be used by pensioners to purchase a house.
To Know More Details: https://sbi.co.in/
