We focus on your tomorrow.
We focus on your tomorrow.

Home Loan

Apply online for SBI Home Loan at 8.05% p.a onwards. Currently SBI is offering an interest rate waiver for digital applications. The lowest SBI Home Loan EMI is Rs 769 per Lakh for 30 years. You can instantly check the eligibility for SBI home loans up to 90% of the property value.

SBI Home Loan Apply Online

Following are the State Bank of India Home Loan fees & Charges:

Loan amountUp to 90% of Property Value
Rate of interest8.05% – 9.05%
TenureUp to 30 years
Lowest EMI possibleRs. 769 Per Lakh
Processing feeUp to 0.35% of the loan amount
Foreclosure ChargesNil for floating rates
Penal Interest Rate2% per month
SBI Home Loan Features

Following are the common features of SBI Home Loans:

  • Low interest rates: SBI Home Loan Interest Rates start from 8.05% per annum.
  • Loan amount: SBI offers home loan amount up to 80% to 90% of the property cost.
  • Processing fees: The processing fee for SBI home loan is up to 0.35% of the sanctioned loan amount, subject to a maximum of Rs. 10,000.
  • Repayment tenure: The SBI home loan can be repaid in flexible tenure of up to 30 years.
  • Lowest EMI possible: SBI offers the lowest EMI of Rs. 769 Per Lakh.

Also Check: Monetary Policy

Table of Contents: SBI Home Loan
SBI Home Loan Benefits

The benefits of SBI Home Loan can be summed up as:

  • Wide range of Home Loans for all ticket sizes.
  • Housing Loans for the purchase of new or pre-owned flats & houses, properties for or under construction, or for extension and/or repair.
  • Competitive interest rates & nominal processing fees.
  • SBI charges interest on daily reducing balance. So, low interest liability on EMIs.
  • Maximum LTV for loans up to 20 Lakhs is 90% of property value
  • Maximum LTV for loans over 20 Lakhs is 80% of property value
  • Longest repayment tenure offered is 30 years.
  • Overdraft facility is for existing customers.
  • Women borrowers will enjoy 5 bps interest concession.
  • Pan India network of 24000+ branches.
  • Online SBI home loan application tracking available.

Also Read: 20 Lakh Home Loan

SBI Home Loan Interest Rates

SBI Home Loans are available at interest rate starting at 8.05% p.a. The effective rate of interest depends on customer’s credit profile and repayment capacity. For example:

  • 10bps premium is levied on rate for salaried.
  • 10 bps concession is offered to customers under RG (4 to 6)
  • 5bps concession is assigned for women applicants.
  • 5 bps concession for digitally sourced SBI Loans in YONO app.

Furthermore, for the affordable segment i.e. home loans up to Rs 30 Lakhs, the applicant can avail of SBI Bank Home Loan up to 80-90% of property value.

Let’s walk through the Latest SBI Home Loan Interest Rates for different customer profiles:

SBI Home Loan Interest Rates: Regular Home Loans
Credit ScoreTerm LoanMaxGain
NTC/ NO CIBIL Score8.25%8.65%
SBI Home Loan Interest Rates: Top-Up Home Loans
Credit ScoreTerm LoanMaxGain
NTC/ NO CIBIL Score8.65%8.95%
SBI Home Loan Interest Rates: Tribal Plus Home Loans
Credit ScoreTerm Loan
NTC/ NO CIBIL Score8.35%
SBI Home Loan Interest Rates: Realty Home Loans
Credit ScoreTerm LoanMaxGain
NTC/ NO CIBIL Score8.55%8.75%

Additional Info: Also get Canfin Home Loan

How to Calculate SBI Home Loan EMI?

To calculate home loan EMI, use SBI Home Loan EMI Calculator. All you need to do is share loan details- loan amount, rate of interest, and loan tenure in the calculator tabs. As you submit the data, you will get EMI calculation instantly.

Use various options to reach the most affordable home loan EMI. At fastmudra Home Loan EMI Calculator you will get monthly instalment, total interest amount and total loan repayment amount along with amortisation schedule.

You can also use other financial tools like SBI interest rate calculator, SBI balance transfer calculator etc as per your requirement.

SBI Bank Home Loan EMI Calculation

Let’s use EMI Calculator and find out EMI for SBI Home Loans with different combinations of Home Loan Amount and tenor. Below we have calculated EMI for 10 Lakh20 Lakh30 Lakh40 Lakh50 Lakh SBI Home Loans for 10, 20 & 30 years respectively.

Loan Amount10 years20 years30 years

Rs.10 lakhRs.12,399Rs.8,678Rs.7,689
Rs.20 lakhRs.24,797Rs.17,356Rs.15,378
Rs.30 lakhRs.37,196Rs.26,035Rs.23,067
Rs.40 lakhRs.49,594Rs.34,713Rs.30,757
Rs.50 lakhRs.61,993Rs.43,391Rs.38,446
Rs.60 lakhRs.74,391Rs.52,069Rs.46,135

*For purpose of EMI calculation, flat rate of Interest @ 8.05% p.a. is considered. The calculation is indicative only and will change as per effective rate of interest offered to you

Additional Reading: Check cibil score by pan card

SBI Home Loan Comparison with Other Lenders
LenderMaximum Loan AmountMaximum TenureInterest RateProcessing Fee
SBI Home LoanUp to 90% of property cost30 years8.05% – 9.05%0.35% + GST
ICICI Bank Home LoanUp to 90% of property cost30 years8.10% – 8.95%0.50% – 2% or Rs. 1,500 (Rs. 2,000 for Mumbai, Delhi & Bangalore), whichever is higher + GST
HDFC Home LoanUp to 90% of property cost30 years8.10% – 9.00%Up to 1.50% or Rs. 4,500 (whichever is higher) + applicable taxes
Axis Bank Home LoanRs. 5 Crores30 years7.60% – 8.05%Up to 1%, minimum Rs.10,000
Kotak Mahindra Home Loan75% to 90 % of property value30 years7.99% – 8.50%O.5% to 2.0 % + GST

Additional Info: You can also avail Navi Home Loan

SBI Home Loan Schemes & Offers

State Bank of India offers a wide range of Home Loan schemes to cater different categories of borrowers, locations & housing finance needs. Let’s take a quick sneak peek.

SBI Regular Home Loan
  • SBI Processing fee: State Bank of India Home Loan Processing Fees is waived off till August 31. Earlier SBI processing fee was 0.4% of the loan amount, subject to minimum of Rs 10000.
  • SBI Home Loan for resident Indians within 18-70 years of age.
  • Can be availed for all types of SBI housing finance needs.
  • Max tenure of 30 years.
  • SBI Home Loan available as Overdraft.
  • SBI Interest Rates concession for women borrowers.
  • No Hidden Charges.
  • No Pre Payment Penalty.
  • Low interest rate, charged on daily reducing balance.
SBI Max Gain Home Loan
  • SBI Max Gain is a home loan as an overdraft facility.
  • Minimum limit of 20 Lakhs
  • Max interest saving with deposit in account.
  • Account deposit reduces principal amount & thus reduces monthly interest rate in EMI.
SBI Yuva Home Loan
  • SBI YUVA is the scheme for 21 to 45 years old borrowers.
  • 20% higher loan amount offered than standard SBI Home Loan products.
  • Repayment flexibility- pay interest only instalments for 36 months and followed by regular EMIs.
  • Applicant should be employed in an MNC, a PSU, a Private Sector Company or a Government undertaking.
  • Minimum salary should be Rs 30,000 per month.
SBI Balance Transfer of Home Loan
  • Switch your existing Home Loan balance from other bank/ NBFC to SBI, and avail the benefit of reduced SBI Home Loan Interest Rates.
  • Only resident Indians can apply for SBI balance transfer home loan.
  • SBI regular home loan eligibility criteria apply.
SBI NRI Home Loan
  • SBI Home Loan Scheme for Non-Resident Indians (NRI), Persons of Indian Origin (PIO).
  • A borrower should be between 18 to 60 years of age.
  • Channelise repayment from abroad or from the NRO/ NRE account.
  • SBI NRI Home Loan is also available as Overdraft.
  • Women applicants are eligible for interest concession.
  • Additional documents required: Attested copy of valid Passport, visa, employer ID, overseas address proof
SBI Flexipay Home Loans
  • Exclusive SBI offer for salaried borrowers.
  • 20% higher loan amount eligibility.
  • Apt for young professionals.
  • EMIs increase with tenure of SBI loan.
  • Max tenure of 30 years.
  • Flexible EMI structures.
  • Moratorium & moderated EMI option available
SBI Privilege Home Loan
  • Exclusive scheme for government employees, public sector banks, PSUs of Central Government, & employees with govt pension facilities.
  • SBI Home Loan overdraft facility is not available.
  • Repayment can be completed post retirement. Max age up to 75 years.
  • Max tenure of 30 years
  • No processing fee.
  • Eligible for concessions in interest, if the check-off facility is available.
SBI Shaurya Home Loan
  • Defence Personnel can avail this Home Loan variant.
  • No processing fee applicable.
  • Interest concessions for check-off facility.
  • SBI Home Loan Overdraft is not available.
  • Extended repayment age of 75 years.
SBI Pre-Approved Home Loan (SBI PAL)
  • Exclusive preapproved offers for home purchase.
  • Pre-approved loan agreement letter is valid for 4 months.
  • Finalise the property and submit documents within this period.
  • The minimum loan amount is 10 Lakhs.
  • After sanction, it becomes a regular SBI Bank Home Loan.
SBI Realty Home Loan
  • SBI Bank Home loan for purchasing a residential plot.
  • Construction should be completed within 5 years of sanction.
  • Likewise, loan for construction of the house can be availed of.
  • Maximum loan amount up to 15 Crore.
  • Max tenure is 10 years.
  • The overdraft facility is not available.
  • Other eligibility criteria are same as regular Home Loan.
SBI Home Top-Up Loan
  • Existing SBI Home Loan customers can apply.
  • Rates of interest is slightly higher than the regular home loan, yet substantially lower than Personal Loan.
  • Perfect for meeting adhoc housing requirements.
  • Both residents & NRIs can apply for this scheme.
SBI Bridge Home Loan
  • Homeowners aspiring to upgrade their homes or shift to bigger houses and better locations by selling their existing properties can avail the facility of the Bridge Home Loan.
  • Credit facility to help the customers face the liquidity mismatch due to the time lag between the sale of existing property and the purchase of the new property.
  • SBI Home Loan Overdraft facility is not available.
  • The minimum amount of SBI loan under this scheme is Rs. 20 Lakhs and the maximum is Rs. 2 Crores.
  • The SBI Bank loan tenure is for 2 years only.
SBI Smart Home Top Up Loan
  • SBI Smart Home Top Up is a scheme for existing Home Loan customers.
  • Immediate sanction up to Rs 5 Lakhs, without producing any documents.
  • No restriction on use of funds i.e. can be used for education, marriage, health, repairs etc.
  • The applicant’s age should be up to 70 years.
  • Minimum CIBIL score requirement is 550.
  • Except the SBI Home Loan, another Home Loan Top-Up or Insta Home Top-Up should not be active to avail of Smart Top Up.
  • Fair to good credit repayment history should be maintained.
SBI Insta Home Top-Up Loan
  • Pre-approved online offer for SBI Home Loan customers
  • Paperless & contact less process
  • Overdraft facility not available.
  • Valid for customers with a minimum of 20 Lakhs SBI Home Loan Limit.
  • Mandatory to establish good repayment history for 3 years.
  • Minimum residual tenure should be 5 years.
  • Available for 1 Lakh to 5 Lakhs.
  • Cannot be availed with other active top-up on SBI Home Loan.
  • Minimum CIBIL score of 550 is mandatory.
SBI YONO Insta Home Top-Up Loan
  • Instant Top up loan scheme for existing eligible SBI Housing Loan customers.
  • Pre Selected SBI Home Loan Customers can check eligibility on YONO Mobile App
  • Easy 3 step process
  • Instant disbursement
  • Attractive rate of interest
  • Available as overdraft
  • 100% digital product
  • No paper work or branch visit required
  • 24X7 Availability
  • Flat SBI processing fee of Rs.2000 + applicable Service Tax.
SBI Corporate Home Loan
  • Scheme for corporate entities.
  • SBI Loan can be availed to purchase/construct company residential units for directors, promoters & employees.
  • Available to existing SBI borrowers & debt-free companies.
  • Available as balance transfer/ takeover facility.
  • The entity should be profitable for a minimum of 3 years.
  • The existing loans of the company should be in the standard category with no history of restructuring.
  • The company should have a rating of BBB & above.
  • Special Purpose Vehicles and Subsidiary Companies of corporate entities are also eligible if the parent company meets all the eligibility norms.
  • The parent company would serve as a guarantor with adequate cash flow to cater to Home Loan instalments.
SBI Home Loan for Non-Salaried Persons
  • Scheme for Non-salaried self-employed individuals.
  • Owner(s) of a proprietorship firm or a partner or Director of any company can apply.
  • The firm should be profitable for a minimum of 3 years.
  • The scheme opens up Rs 50,000 to 50 Crores of SBI Home Loans.
SBI Tribal Plus
  • SBI Bank Home Loan scheme for residents of hilly or tribal areas.
  • House should not be more than 10 years old.
  • No requirement of creating a mortgage on the land.
  • Scheme available to employees of Central & State Governments, PSU units & reputed Private Sector companies residing in the hilly & tribal areas of the North East and areas surrounding Patna, Chandigarh, Lucknow, Bhubaneswar, and Bhopal.
  • The maximum SBI loan amount is 24 times the monthly income of the applicant, subject to a maximum of Rs 10 Lakhs.
  • The maximum repayment tenure is 15 years.
SBI CRE (Commercial Real Estate) Home Loan
  • Scheme for individuals owning two or more homes.
  • Maximum of 3 loans under CRE can be availed, with ownership capping on maximum 5 homes.
Pradhan Mantri Awas Yojana (PMAY)
  • Persons belonging to low & middle-income groups who do not have a house in their name anywhere in India are eligible to apply for a Home Loan under PMAY.
  • PMAY is Central Government’s pilot scheme.
  • Borrowers can avail of annual subsidy up to Rs. 2.67 Lakhs on their SBI Home Loans under PMAY scheme.
SBI Home Loan Overdraft facility
  • SBI offers the benefit of an overdraft facility on your Home Loan.
  • The system works by combining your SBI Housing Loan account with your savings account. Any surplus amount in your savings account over a specific limit can be credited to your Home Loan as a pre-payment.
  • The advantage of this product is that you can withdraw the surplus amount over your regular instalments at any time.
  • SBI Bank Home Loan overdraft product helps you to save interest in the long run.
SBI Gram Niwas Home Loan
  • SBI Home Loan scheme for borrowers in rural & semi-urban areas.
  • Maximum amount of loan is Rs 5 Lakhs.
  • No processing fees.
  • Minimum age of applicant should be 18 years.
SBI Sahayog Niwas Home Loan
  • SBI Home Loan Scheme for Self Help Groups in rural areas.
  • Repayment history will be assessed before the sanction.
  • Maximum SBI loan amount is ten times the amount of the SHG savings.
  • For construction or buying of a new house, maximum SBI loan amount is Rs 50,000 per member.
  • The maximum amount of SBI loan for purchase of plot, repairs & renovation is Rs 25,000 per member.

SBI Her Ghar Home Loan

  • SBI Her Ghar Home Loan is exclusively for women.
  • A woman must be the sole applicant or the first co-applicant.
  • She should be the sole owner or the first owner of the property.

Also check AnyRoR Gujarat Land Record.

SBI Home Loan Eligibility Criteria
  • Salaried as well as self employed are eligible to apply for SBI Home Loan.
  • Exclusive SBI Home Loan Schemes are available for employees of Central & State Government, PSUs, public sector banks, and other Government departments like Defence.

Key SBI Housing Loan eligibility criteria:

Salaried Employees
  • Minimum age – 18 years
  • SBI Loan should be repaid prior the retirement.
  • Maximum age at maturity is 70 years for select customers.
  • There is no maximum ceiling on SBI Home Loan amount.
  • The value of the property, income, & repayment capacity determine eligibility for SBI loan.
Monthly IncomeHome Loan Amount
Rs. 25,000Rs. 13,56,386
Rs. 30,000Rs. 16,27,663
Rs. 35,000Rs. 18,98,941
Rs. 45,000Rs. 24,41,495
Rs. 50,000Rs. 33,90,965
Rs. 55,000Rs. 37,30,062
Rs. 60,000Rs. 40,69,159
Rs. 65,000Rs. 44,08,255
Rs. 70,000Rs. 47,47,352
Rs. 75,000Rs. 50,86,448
Non-Salaried Individuals or Self-Employed Professionals

Non-salaried individuals comprise of two categories, self-employed professionals and self-employed non-professionals. On submission of credible and verifiable proof for sources of continuous & regular income, the business owners or self employed can apply.

The basic eligibility criteria for SBI Housing Loan for self employed include:

  • Minimum age – 18 years
  • Maximum age at maturity of the SBI Bank loan – 70 years
  • There is no maximum ceiling on the loan amount as the SBI Home Loan.
SBI Housing loan Eligibility Based on Age
AgeEligible Tenure
21 years to 30 years30 years
31 years29 years
32 years28 years
33 years27 years
34 years26 years
35 years25 years
36 years24 years
37 years23 years
38 years22 years
39 years21 years
40 years20 years
41 years19 years
42 years18 years
43 years17 years
44 years16 years
45 years15 years

Additional Info: How to get Bajaj Finserv Home Loan

SBI Home Loan Documents Required

Below is the list of Documents Required for SBI Home Loan:

KYC: Proof of identity & residence
  • Identity proof (Copy of any one): Passport/ PAN Card/ Aadhar Card/ Driving Licence/ Any other legal document issued by the Government
  • Proof of Residence (Copy of any one): Passport/ Aadhar Card/ Driving Licence/ Ration Card/ Registered Rent Agreement/ Latest Gas Bill/ Latest Electricity Bill/ Most recent Credit Card statement
Proof of income Salaried Employee:
  • Salary slips for the last 3 months
  • Statement of Bank Account reflecting salary credits
  • Income Tax returns + Form 16 issued by the employer for previous 2 years
Self-Employed Individual:
  • IT returns of past two years
  • Financial statements for business owners: Balance Sheet, Profit & Loss Statement duly audited
  • Statement of Bank Account for past one year showing credits received on account of business transactions
  • Proof of continuity of business (GST registration certificate & so on)
  • Invoices drawn on the clients
Property documents
  • All property documents establishing continuity of title (from mother document to the last sale deed)
  • Agreement of sale
  • Construction agreement (in case of under construction or proposed to be constructed property)
  • Encumbrance certificate for the past 30 years to establish continuity of ownership Property tax receipts.
Other docs:
  • Employment Contract / Appointment Letter in case current employment is less than a year.
  • Last 6 months’ Bank Statements showing repayment of any ongoing SBI loans
  • Passport size photograph of all the applicants / co-applicants to be affixed on the Application form and signed across
  • Cheque for processing fee favouring SBI Ltd

Additional Reading: Check cibil score for home loan

SBI Home Loan Processing Fee & Charges

Processing fees:SBI Housing Loan Processing Fees is waived off till August 31. Earlier SBI loan processing fee was 0.4% of the loan amount, subject to minimum of Rs 10000.

Other Charges:


  • Advocate’s fee (for property’s legal search and title investigation report): As per actuals
  • Evaluator’s fee for the valuation report: As per actual


  • Stamp Duty for SBI home loan agreement & mortgage: As per actuals
  • Insurance of property: As per actuals
  • CERSAI Registration fee of Rs 50 + GST for SBI Bank Home Loan up to Rs 5 Lakhs;   
    Rs 100 + GST for SBI Home loan above Rs 5 Lakhs

Check for 50 lakh home loan EMI and apply easily on fastmudra.

SBI Pradhan Mantri Awas Yojana (PMAY) Subsidy 2022

Pradhan Mantri Awas Yojana (PMAY) is the housing credit subsidy scheme supported by the central government. The scheme was launched in 2005 and strives to provide credit linked subsidy benefit to build first own pucca house for people belonging to economically weaker sections, low income groups and middle income people of the country till 2022. Under PMAY till December 2020, the SBI has issued nearly Rs. 2 lakh Home Loans. As per government, more than Rs. 73 lakh houses have been grounded and nearly Rs. 43 lakh have been completed under this scheme. The last data for PMAY 2021 is March 30, 2022 for LIG & EWS categories.

SBI Home Loan Customer Care

SBI Customer Care number: 1800 11 2018 (Toll Free)


Real Estate and Housing Business Unit, State Bank of India, Corporate Centre, Madame Cama Road, State Bank Bhavan, Nariman Point, Mumbai 400021, Maharashtra. In case of complaints – email to homeloan.complaints@sbi.co.in

Additional Info: ICICI Bank Home Loan Customer Care Number

Lowest Interest Rate

Home loan interest rates are the lowest ever in the past 15 years. With raining festival offers on home loan, currently you can avail of the best interest rate on Bajaj Finserv home loan @7.70% p.a for all loan amounts.

Affordable EMI plans

You can avail the lowest Home Loan EMI at Rs. 727/- per lakh with maximum repayment flexibility. Some options are Step-Up EMIs, Step Down EMIs, Moratorium, OD facility, balance transfer, top up and more.

No Foreclosure Charge

Home Loans at floating interest rate (linked to repo rate) offer you ultimate prepayment flexibility. There is no part or full prepayment charge. You can prepay early & reduce interest cost as per your cash flows.

Home Loan Popular Offers


Home Loan

Annual Fee: ₹ 10,00,000.00

Joining Fee: ₹ 980.00


Home Loan

Annual Fee: ₹ 10,00,000.00

Joining Fee: ₹ 733.00

Bajaj Finserv

Home Loan

Annual Fee: ₹ 15,00,000.00

Joining Fee: ₹ 713.00


Home Loan

Annual Fee: ₹ 10,00,000.00

Joining Fee: ₹ 741.00


View and improve your credit score - for free.


Financial Tools

SBI Home Loan FAQs

error: Content is protected !!