SBI home loan interest rate is presently the lowest starting at 8.50% p.a. up to 11.55% p.a. It gives you the chance to book your own home within your budget. If you are an existing home loan borrower from another bank, you can transfer it to SBI. Read below the rates and other important details associated with SBI home loans.
SBI Home Loan Interest Rate 2025
Here are some of the fees and interest rates of SBI Home Loan 2025 -
Interest Rate | 8.50% p.a. - 11.55% p.a. |
Loan Amount | Based on eligibility |
Processing Fees | 0.35% of the loan amount + GST (Min: Rs.2,000, Max: Rs.10,000). |
Prepayment/Foreclosure Charges | Nil |
Loan Tenure | 30 Years |
SBI Home Loan Interest Rates Based on Schemes
Here are the different loan schemes of SBI and based on that there are different interest rates, read the table below to understand better -
| SBI Home Loan Scheme | Interest Rates % p.a. |
|---|---|
Regular Home Loan | 8.50% p.a. to 9.65% p.a. |
Top-up Loan | 8.80% p.a. to 11.30% p.a. |
Tribal Plus | 8.60% p.a. to 9.55% p.a. |
P-LAP | 10.00% p.a. to 11.30% p.a. |
Reverse Mortgage Loan | 11.55% p.a. |
YONO Insta Home Top Up | 9.35% p.a. |
Home Loan Maxgain (OD) | 8.70% p.a. to 9.85% p.a. |
Top Up (OD) Loan | 9.00% p.a. to 9.95% p.a. |
What Makes SBI Home Loan Interest Rates the Best for Customers?
The home loan interest rates remain the best of the State Bank of India owing to numerous reasons discussed below -
- Lowest in the Market
SBI home loans offer interest rates as low as 8.50%, thereby reducing the EMI significantly and raising the eligibility for numerous customers who could not get the nod earlier. The reduced EMI will further translate into reduced interest payments.
- Risk-grading Based Rates
SBI Home Loan Interest Rates are based on the risk profile of the customers too. In case you pose less credit risk to the bank, you could get lower interest rates than the ones putting the lender at a greater risk. Now, the risk profile is assessed based on your credit score and overall financials. If your credit score is above 750 and you earn high, the interest rate can lessen considerably.
Features & Benefits of SBI Home Loans
SBI home loans offer exclusive benefits, including:
- Customized Loan Products: A variety of home loan options are designed to meet the unique needs of every customer, whether for purchasing, constructing, or renovating a home.
- Competitive Interest Rates: Enjoy low interest rates, making homeownership more affordable with attractive EMI options.
- Minimal Processing Fee: Avail home loans with low processing charges, reducing the overall cost of borrowing.
- Transparent Process: No hidden charges, ensuring complete transparency throughout the loan tenure.
- No Prepayment Penalty: Pay off your loan early without any additional charges, helping you save on interest.
- Daily Reducing Balance: Interest is calculated on a daily reducing balance, leading to lower interest payouts over time.
- Flexible Repayment Tenure: A repayment period of up to 30 years, allowing you to manage EMIs comfortably.
- Overdraft Facility: Home loan available as an overdraft, providing flexibility to withdraw and repay funds as needed.
- Special Benefits for Women: Women borrowers enjoy interest rate concessions, making home loans more affordable for them.
Factors that Might Affect SBI Home Loan Interest Rate
Several factors influence the interest rates offered on SBI home loan, including:
- RBI Repo Rate: SBI links its floating rates to the RBI's repo rate, so any changes can affect interest rates.
- Credit Score: A higher credit score can help secure lower interest rates.
- Loan Amount & Tenure: Larger loan amounts or longer tenures may attract higher interest rates.
- LTV Ratio: A lower Loan-to-Value (LTV) ratio can result in better interest rates.
- Income & Employment Stability: Steady income and job stability positively impact interest rate decisions.
Avail of SBI Bank Home Loan at a Lower Interest Rate
- Maintain a Good Credit Score: A high credit score (750 or above) can help you get better interest rates.
- Salary Account with SBI: If you have a salary account with SBI, you may get preferential rates.
- Opt for a Shorter Loan Tenure: Choosing a shorter repayment period may reduce the interest rate.
- Provide Strong Income Proof: A stable income and good repayment capacity can help you secure a lower rate.
- Check for Special Offers: Look out for festive or seasonal offers where SBI provides lower interest rates.
SBI Home Loan Documentation Requirements
Here is the list of papers/ documents applicable to all applicants, who want to apply for SBI Home Loans -
For all types of Employees:
- Employer Identity Card
- Loan Application: Completed form with 3 passport-size photographs attached
- Proof of Identity (Anyone): PAN/ Passport/ Driver’s License/ Voter ID card
- Proof of Residence/ Address (Anyone): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhar Card
Property Papers
- Permission for construction (where applicable)
- Registered Agreement for Sale (only for Maharashtra)/Allotment Letter/Stamped Agreement for Sale
- Occupancy Certificate (in case of ready-to-move property)
- Share Certificate (for Maharashtra only), Maintenance Invoice, Electricity Bill, Property Tax Receipt.
- Approved Plan copy (Xerox Blueprint) & Registered Development Agreement of the builder, Conveyance Deed (For New Property)
- Payment Receipts or bank A/C statement showing all the payments made to Builder/Seller.
Account Statement:
- Bank account 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 for Salaried Applicant/ Co-applicant/ Guarantor:
- Salary Slip or Salary Certificate for the last 3 months
- Form 16 copy for last 2 years or IT Returns copy for last 2 financial years, that is acknowledged by IT Dept.
Income Proof for Non-Salaried Applicant/ Co-applicant/ Guarantor:
- 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)
- Qualification certificate (for Chartered Accountants, Doctors, and other professionals).
Other Fees and Charges of SBI Home Loan
Here are the additional fees and charges that are applicable on the SBI Home Loan -
| Home Related Products | Processing Fee |
|---|---|
CERSAI Registration Charges | Rs. 100+GST/- |
Home Loans -Regular | 0.35% of the loan amount (min. Rs. 2,000 and max. Rs. 10,000), plus GST. |
Other Home Loan Products: NRI, Realty, Maxgain, CRE, Flexi-pay, Non-Salaried, PAL, Triple Plus, Apon GharLoan (above 15 lacs). | 0.35% of the loan amount (min. Rs. 2,000 and max. Rs. 10,000), plus GST. |
Home Top-Up Loan | 0.35% of the loan amount (min. Rs. 2,000 and max. Rs. 10,000), plus GST. |
Personal Loan against Property | 1% of the loan amount (max. Rs. 50,000), plus taxes. |
YONO Insta Home Top-Up Loan (Digital Product) | 2000+GST |
Reverse Mortgage Loan | 0.50% (min. Rs. 2,000, max. Rs. 10,000), plus GST. |
Earnest Money Deposit (EMD) Scheme | 0.50 % |
Suraksha Loan | NIL |
Privilege & Shaurya Home Loans | NIL |
Apon Ghar (HL upto Rs 15 lacs) | NIL |
Kerala Govt Employees Home Loans Scheme | NIL |
Eligibility Criteria For SBI Home Loan
Here is the eligibility criteria that is required for the SBI Home Loan application-
- Resident Type: Resident Indian
- Age Limit: 18 to 70 years
- Flexible Loan Tenure: up to 30 Years
Calculate EMI with SBI Home Loan Calculator
You can check your home loan EMI with the help of the SBI home loan EMI calculator.
Here is an example of a different EMI with a loan tenure of up to 30 years with a home loan of Rs. 20,00,000 and interest rates ranging from 8.50% p.a. up to 11.55% annually.
You can simply put the following details -
- Loan Amount
- Tenure
- Interest Rate
| Tenure (In Years) | EMI (at 8.50% interest rate) | EMI (at 11.55% interest rate) |
|---|---|---|
5 | Rs. 51,291.33 | Rs. 55,044.29 |
10 | Rs. 30,996.42 | Rs. 35,220.41 |
15 | Rs. 24,618.49 | Rs. 29,284.26 |
20 | Rs. 21,695.58 | Rs. 26,746.92 |
25 | Rs. 20,130.68 | Rs. 25,503.17 |
30 | Rs. 19,222.84 | Rs. 24,852.70 |
SBI Home Loan Balance Transfer Rates
Already paying the home loan somewhere? Does that lender charge a greater rate of interest on the loan? In that case, you can transfer the outstanding loan balance to SBI and pay a lower EMI. The lower rate will further result in the reduction of interest outgo over time. But how much can you save on a balance transfer? That will depend on the outstanding balance amount, the difference in the rate of interest, and the time by which you transfer the outstanding balance.
SBI Home Loan Balance Transfer Rate & Charges
- Interest Rate: Starting at 8.50% onwards.
- Processing Fee: 50% concession on card rate; 100% waiver in select cases. T&C apply.
Documents Required for SBI Home Loan Balance Transfer
Here are some of the documents required for an SBI Home Loan Balance Transfer, read the list below before applying -
- Employer Identity Card
- Loan Application: Completed form with 3 passport-size photographs
- Proof of Identity (Anyone): PAN Card, Passport, Driver’s License, Voter ID Card
- Proof of Residence/Address (Any one): Recent Telephone/Electricity/Water/Piped Gas Bill, Passport, Driving License, Aadhaar Card
- Property Documents: NOC from Society/Builder, Registered Agreement for Sale, Occupancy Certificate, Share Certificate (Maharashtra only), Maintenance Bill, Electricity Bill, Property Tax Receipt, Chain of Previous Agreements for Sale
- Account Statements: Last 6 months’ bank statements for all accounts held by the applicant(s)
- Income Proof For Salaried Applicants/Co-applicants/Guarantors: Salary Slip/Certificate (last 3 months), Form 16 (last 2 years) or IT Returns (last 2 years) acknowledged by IT Dept.
- For Non-Salaried Applicants/Co-applicants/Guarantors: Business Address Proof, IT Returns (last 3 years), Balance Sheet & Profit & Loss Account (last 3 years), Business License or equivalent, TDS Certificate (Form 16A, if applicable), Qualification Certificate (for CA, Doctors, and other professionals)
- Documents from Other Banks: List of Original Documents held by the Bank, Loan Account Statement (last 1 year), Sanction Letter, Interim Period Security.
Conclusion
SBI Home Loans offer attractive interest rates starting from 8.50% up to 11.55% p.a., making them an affordable financing option for homebuyers. The bank provides flexible repayment options and customized loan solutions to cater to different customer needs. Additionally, SBI offers special benefits such as a 50% concession on processing fees and a 100% waiver in select cases, subject to terms and conditions. With a hassle-free application process, transparent policies, and wide availability across India, SBI Home Loans are a preferred choice for individuals looking to purchase, construct, or renovate their homes.
FREQUENTLY ASKED QUESTIONS
1. What is the latest SBI home loan rate?
The latest SBI home loan rate of 2025 is around 8.50% p.a. up to 11.55% p.a.
2. What is the SBI home loan processing fee?
The processing fee for SBI home loans is 0.35% of the loan amount + GST which is a minimum of Rs.2,000 and a maximum of Rs.10,000.
3. Does SBI offer pre-approved home loans?
Yes, SBI offers pre-approved home loans, which makes it easy for applicants to apply for a home loan.
4. Do SBI balance transfer loans include the prepayment penalty?
Yes, SBI balance transfer loans would be subject to the prepayment penalty. However, the entire loan amount will be assessed by the applicable eligibility standards for SBI home loans.
5.How to reduce the home loan interest rate under SBI?
To reduce your home loan interest rates under SBI, you can opt for the floating rate of interest, migrate to the new SBI interest rate structure, and maintain a good credit score or have a salary account with SBI Bank.
6. How much home loan can a government employee get in SBI?
SBI has launched the SBI Privilege Home Loan, especially for the employees of the Central/State Government, including PSBs, PSUs, and individuals with pensionable service, who are eligible for this home loan. However, the loan amount is evaluated by considering factors like the applicant’s income and repaying capacity, age, assets and liabilities, cost of the property, etc.
