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SBI Home Loan Details

SBI offers myriad home loan products including home loans for residents, NRIs, top-up loans, balance transfer, pre-approved loans, bridge loans, and more. Women borrowers are offered a concession of 0.05% on the interest rate.

EBR7.80% p.a.
Loan AmountBased on eligibility
Processing Fees0.35% - 1% of loan amount + service charge (min. Rs.2,000; max. Rs.10,000 – Rs.50,000); Full-fee waiver on certain home loans
Penal Interest Rate2% over the applicable interest rate on the overdue amount
Prepayment/Foreclosure ChargesNil
Max Tenure30 Years
Rate Packages AvailableFloating

To know more about the processing fees for specific home loan products, check out SBI Home Loan Processing Fees.

SBI Home Loan Interest Rates

SBI offers floating-rate packages on their home loans. SBI interest rates are pegged to floating interest card rate which currently stands lowest at 7.90% (Updated on 21 Jan 2020). The rates vary based on employment type: salaried or self-employed.

SBI Home Loan SchemesInterest Rate for SalariedInterest Rate for Self-Employed
SBI Home Loans (Term Loan) 7.95% p.a. – 8.30% p.a. 8.10% p.a. – 8.45% p.a. 
SBI MaxGain (Floating Interest Card Rate) 8.20% p.a. – 8.55% p.a. 8.35% p.a. – 8.70% p.a. 
SBI Insta Home Top Up Loan 9.05% p.a. 9.05% p.a. 
SBI Home Top Up Loan (Term Loan) 8.35% p.a. to 10.40% p.a. 8.50% p.a. to 10.55% p.a. 
SBI Home Top Up Loan (Overdraft) 9.25% p.a. to 9.50% p.a. 9.40% p.a. to 9.65% p.a. 
SBI Smart Home Top-Up Loan (Term Loan) 8.90% p.a. 9.40% p.a. 
SBI Smart Home Top-Up Loan (Overdraft) 9.40% p.a. 9.90% p.a. 
SBI CRE Home Loan 50 bps above Home Loan (Term Loan/Overdraft) 
SBI Tribal Plus/CRGFT 10 bps above Home Loan interest rate 
SBI Reverse Mortgage Loan 8.90% p.a. to 9.90% p.a. 
SBI Bridge Home Loan First year: 10.35% p.a.; Second year: 11.35% p.a. 

* Excluding Insta Home Top Up Loan

Compare Best SBI Home Loan Offers

  1. SBI Regular Home Loan
    • 0.05% lower interest rate for women
    • Zero charges on pre-payments
    • Available for applicants aged between 18 and 70
    Interest rate for men7.95% onwards
    Interest rate for women7.90% onwards
    Processing fee0.35% of the loan amount (min. Rs.2,000; max. Rs.10,000)
  2. SBI Flexipay Home Loan
    • Choice to repay just the interest component during the pre-EMI period
    • Step-up EMIs in the following years
    • 20% improvement in home loan eligibility for younger professionals
    Interest rate for menBased on the credit score of the customer
    Interest rate for womenBased on the credit score of the customer
    Processing fee0.35% of the loan amount (min. Rs.2,000; max. Rs.10,000)
  3. SBI Privilege Home Loan
    • Curated for central and state government employees
    • Discount on interest rates if check-off is given
    • No processing fee
    Interest rate with check-offEBR 7.80% p.a.
    Interest rate without check-offEBR 7.80% p.a.
    Processing feeNIL
  4. SBI Shaurya Home Loan
    • Specifically for Defence personnel and the Armed Forces
    • Lower interest rates and longer tenure options
    • No processing fee
    Interest rate with check-offEBR 7.80% p.a.
    Interest rate without check-offEBR 7.80% p.a.
    Processing feeNIL
  5. SBI Tribal Plus
    • Specially for people living in tribal areas or hilly areas
    • Repayment tenure of a maximum of 15 years
    • Land mortgage not required; third-party guarantor allowed
    Applicant categoryInterest rate (p.a.)Processing fee
    Male10 bps above Home Loan interest rate0.35% of the loan amount (min. Rs.2,000; max. Rs.10,000)
    Female10 bps above Home Loan interest rate
  6. SBI Home Loan to Non-Salaried Differential offerings
    • Exclusive scheme for individuals who have an income but do not earn a monthly salary
    • Special offers on loans for buying a new residential unit, constructing a house, renovating or repairing your house, or transferring your loan from another bank
    • Available for proprietors, partners, and directors of companies as well
    Applicant categoryInterest rate (p.a.)Processing fee
    Male8.70% onwards0.35% of the loan amount (min. Rs.2,000; max. Rs.10,000)
    Female8.55% onwards
  7. SBI Pre-Approved Home Loan (PAL)
    • Loan sanctioned before a property is finalised
    • Gives you more negotiating power with the seller or builder
    • Benefits similar to that of the SBI Regular Home Loan
    Applicant categoryInterest rate (p.a.)Processing fee
    Salaried male8.55% onwards0.35% of the loan amount (min. Rs.2,000; max. Rs.10,000)
    Non-salaried male8.60% onwards
    Salaried female8.40% onwards
    Non-salaried female8.55% onwards
  8. SBI Bridge Home Loan
    • Meant for people who are selling one property and buying another
    • Helps cover for lack of funds in buying a new house while you’re waiting for the sales proceeds of your existing property
    • Repayment tenure of up to 2 years
    YearInterest rate (p.a.)Processing fee
    110.35%0.35% of the loan amount (min. Rs.5,000)
    211.35%
  9. SBI Earnest Money Deposit (EMD)
    • Funds to pay the advance amount for booking a house or plot
    • Can only be taken to pay booking amount for houses/plots sold by urban development authorities, housing boards, and other government entities
    • Short-term loans of 1 year
    Applicant categoryInterest rate (p.a.)Processing fee
    All11.65% (1Y MCLR+3.4%)0.5% of the loan (min. Rs.1,000)
  10. SBI NRI Home Loan
    • Specifically for Non-Resident Indians (NRIs) to buy a house in India
    • Discount on interest rate for women applicants
    • No extra fees or interest rates when compared with Regular Home Loan
    Applicant categoryInterest rate (p.a.)Processing fee
    Salaried male8.45% onwards0.35% of the loan amount (min. Rs.2,000; max. Rs.10,000)
    Non-salaried male8.60% onwards
    Salaried female8.40% onwards
    Non-salaried female8.55% onwards
  11. SBI Realty Home Loan
    • Meant for purchase of a plot of land to construct your own house
    • Borrowing limit of up to Rs.15 crore with repayment tenures of up to 10 years
    • Option to take a separate SBI home loan for the actual construction
    Applicant categoryInterest rate (p.a.)Processing fee
    Male8.65% p.a. to 8.85% p.a.0.35% of the loan amount (min. Rs.2,000; max. Rs.10,000)
    Female8.60% p.a. to 8.80% p.a.
  12. SBI Corporate Home Loan
    • Exclusively for corporates to construct or buy houses for their employees
    • Available for both public limited and private companies
    • Also available for balance transfer of housing loans from one bank to another in the name of a company
    CRA (Cost Records and Audit)Interest rate (p.a.)Processing fee
    Small Business (SB)-1 & SB-29.20%0.5% of the loan amount (min. Rs.50,000; max. Rs.10 lakh)
    SB-3 to SB-59.70%
    SB-6 to SB-810.20%
    SSB-9 & SB-1010.95%
  13. SBI Commercial Real Estate (CRE) Home Loan
    • Curated scheme for people who already own 2 or more houses and want to buy more
    • Max. 3 houses can be bought under this scheme
    • Benefits such as lower interest rate for women and overdraft facility available
    Applicant categoryInterest rate (p.a.)Processing fee
    Salaried male50 bps above Home Loan interest rate0.35% of the loan amount (min. Rs.5,000)
    Salaried female50 bps above Home Loan interest rate
    Non-salaried male50 bps above Home Loan interest rate
    Non-salaried female50 bps above Home Loan interest rate
  14. SBI Loan Against Property (P-LAP)
    • Pledge your property as collateral to get money for personal needs
    • No pre-payment fee
    • Available only for personal purposes and not for business needs
    Applicant categoryInterest rate (p.a.)Processing fee
    Salaried individual9.65% p.a. to 10.25% p.a1% of the loan amount (max. Rs.50,000)
    Professional/business/rental income of over 50% of net monthly income10.30% p.a. to 10.50% p.a.
  15. SBI Reverse Mortgage Loan
    • Specifically for senior citizens with a property owned or occupied by them
    • Helps generate or supplement income after retirement
    • Loan need not be repaid during the borrower’s lifetime
    Applicant categoryInterest rate (p.a.)Processing fee
    SBI Pensioners8.90% p.a. onwards0.50% of the loan amount (min. Rs.2,000; max. Rs.20,000)
    Others9.90% p.a. onwards

Other Housing Loans Offered by State Bank of India

  • SBI Home Top Up Loan:Additional loan amount over the existing home loan. Interest rates range from 8.35% p.a. to 10.40% p.a.
  • SBI Smart Home Top Up Loan:Top-up on home loans by just visiting the closest branch or RACPC (Retail Assets Central Processing Centre). Interest rates range from 8.90% p.a. to 9.90% p.a..
  • SBI Insta Home Top-Up Loan:Home loan top-ups through net banking available for selected customers. Interest rates range from 9.05% p.a.
  • SBI Maxgain:Overdraft version of home loans instead of a term loan; allows you to repay through EMIs, with overdraft drawing power reducing with each payment.
  • SBI Green Home Loan:Perks for individuals who buy “green ho

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