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 interest8.50% - 10.05%
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 and Benefits

Following are the common features of SBI:

  • Low interest rates: SBI Loan Interest Rates start from 8.50% - 10.05% 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 Bank home loan is up to 0.35% of the sanctioned loan amount, subject to a maximum of Rs. 10,000.
  • Repayment tenure: The SBI Housing 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.
  • Women borrowers will enjoy 5 bps interest concession

sbi home loan

SBI Home Loan Interest Rates

SBI Home Loans are available at interest rate starting at 8.50% - 10.05% 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 State Bank of India Home Loan up to 80-90% of property value.

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

Regular Home Loans

Credit ScoreTerm LoanMaxGain
NTC/ NO CIBIL Score8.60%9%

Top-Up Home Loans

Credit ScoreTerm LoanOverdraft
NTC/ NO CIBIL Score9.05%9.35%

Tribal Plus Home Loans

Credit ScoreTerm Loan
NTC/ NO CIBIL Score8.60%

Realty Home Loans

Credit ScoreTerm LoanCRE Term Loan
NTC/ NO CIBIL Score8.95%9.15%

SBI Home Loan Comparison with Other Lenders

LenderMaximum Loan AmountMaximum TenureInterest RateProcessing Fee
SBI LoanUp to 90% of property cost30 years8.50% - 10.05%0.35% + GST
ICICI Bank Home LoanUp to 90% of property cost30 years8.75%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 years8.75% - 9.65%Up to 1.50% or Rs. 4,500 (whichever is higher) + applicable taxes
Kotak Mahindra Home Loan75% to 90 % of property value30 years8.70%O.5% to 2.0 % + GST


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 Plot 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 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.
  • 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 Loan customers
  • Paperless & contact less process
  • Overdraft facility not available.
  • Valid for customers with a minimum of 20 Lakhs SBI 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 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 Loans.

SBI Tribal Plus

  • 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 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 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 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 Bank 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 State Bank of India 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.

Check out different Types of Home Loans Offered by SBI

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 MyMoneyMantra 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 Lakh, 20 Lakh, 30 Lakh, 40 Lakh, 50 Lakh SBI Home Loans for 10, 20 & 30 years respectively.

Loan Amount10 years20 years30 years
Rs. 10 Lakh Home Loan EMIRs. 12345Rs. 8615Rs. 7618
Rs. 20 Lakh Home Loan EMIRs. 24690Rs. 17230Rs. 15237
Rs. 30 Lakh Home Loan EMIRs. 37035Rs. 25845Rs. 22855
Rs. 40 Lakh Home Loan EMIRs. 49381Rs. 34460Rs. 30474
Rs. 50 Lakh Home Loan EMIRs. 61726Rs. 43075Rs. 38092
Rs. 60 Lakh Home Loan EMIRs. 74071Rs. 51690Rs. 45710

*For purpose of EMI calculation, flat rate of Interest 8.50% - 10.05% is considered. The calculation is indicative only and will change as per effective rate of interest offered to you

Calculate your loan EMI through HDFC Home Loan EMI Calculator Online

SBI Home Loan Processing Fee & Charges

Processing fees: SBI Housing Loan Processing Fees is waived off till March 31. Earlier SBI loan processing fee was 0.35% 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

Comparison guide of Home Loan Processing Fees of All Banks/NBFC

SBI Home Loan Eligibility Criteria

  • Salaried as well as self employed are eligible to apply for State Bank of India Home Loan.
  • Exclusive SBI 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 Housing Loan amount.
  • The value of the property, income, & repayment capacity determine Eligibility for SBI Home Loan.
Monthly IncomeHome Loan Amount
Rs. 25,000Rs. 12,76,924
Rs. 30,000Rs. 17,23,847
Rs. 35,000Rs. 20,11,155
Rs. 45,000Rs. 25,85,771
Rs. 50,000Rs. 28,73,079
Rs. 55,000Rs. 35,11,541
Rs. 60,000Rs. 38,30,772
Rs. 65,000Rs. 41,50,003
Rs. 70,000Rs. 44,69,234
Rs. 75,000Rs. 47,88,464

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

Compare Best Home Loan Interest Rates @8.50% from multiple Banks and NBFCs

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

If you want to pre-pay your loan before due date, here is the procedure to know How to Pre-close Your SBI Home Loan in India.

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

You can check Home Loan Customer Care Number for All Banks & NBFCs

Apply for Lowest Home Loan Online @ Rs. 769/Lakh* EMI

Apply for instant home loan online at Interest Rate starting from as low as 8.50% p.a. Pay EMI of just Rs. 769 per Lakh. Loan can be repaid in flexible tenure of up to 30 years. Apply now with minimal documentation. Check eligibility & get instant approval here.

SBI Home Loan FAQs

✅ Can I apply for any SBI Home Loan scheme Online? Which is the best SBI offer?


Yes you can apply for SBI Home Loan Online. SBI offers 20 Housing Loan schemes including Regular Home Loan, Shaurya Home Loan, NRI Home Loan MaxGain & many more. Choose SBI housing loan according to your profile and tap the best offer, rate and terms. 

✅ How does SBI calculate the home loan amount eligibility?


SBI calculates your loan eligibility on the basis of your income & repayment capacity. Your repayment capacity is determined as per your monthly take-home salary, stability of income, assets, and liabilities. EMI should be less than 50% of monthly salary. The tenure and interest rate will also impact the eligibility for Home Loan amount. You can add a working spouse as a co-applicant & enhance the loan eligibility. 

✅ What are processing fees on SBI Home Loans?


The processing fees on SBI loan is up to 0.35% of the loan amount, which will be in the range of Rs 10,000-30,000 for individual borrowers. For online applications, there is a waiver on processing fee. On Yono top up, flat Rs 2000 processing fee is applicable.

✅ Which documents should I check before purchasing a new property?


Here is the list of documents you should check before applying for a Home Loan for purchase of a residential property:

  • Sale Deed
  • Title Deed
  • Approved Building plans
  • Completion certificate - for newly constructed homes
  • Commencement Certificate - for properties under construction
  • Conversion Certificate - if there is a conversion of agricultural land to non-agricultural
  • Encumbrance Certificate for the last 30 years
  • 7/12 extract, 8A extract, Khata certificate, Patta, and so on depending on the state where you live
  • Latest tax receipts
  • Occupancy certificate
  • Certificate of allotment - in case of MHADA and DDA properties

✅ Do I get tax benefits on SBI Home Loan?


Yes, you will be eligible for tax benefits on Home Loan repayment. A) U/S 80 C you can claim tax deduction max up to Rs 1.5 lakh for principal repayment. B) Interest paid on Home Loans is permissible as a deduction to the extent of Rs 2 lakhs u/s section 24 in case of self-occupied property. Furthermore, an additional rebate of up to Rs 1,50,000 for home loan interest repayment is extended to Home Loans till 31st March, 2022 for affordable homes valued up to Rs 45 lakh. The tax benefit will be calculated as per the existing slab rate.

✅ What is the maximum loan repayment period for SBI home loans?


State Bank of India Home Loans offer maximum tenure of up to 30 years.

✅ Can an NRI avail of SBI Home Loan for purchasing property in India?


Yes, NRIs can avail of Home Loans to purchase a property in India. The loan is offered in INR. The repayment can be routed through overseas or NRE account in India. NRIs do not require any consent from RBI to invest in immovable property in India.

✅ What are the types of insurances available with SBI Home Loans?


SBI General provides Property Insurance that protects the property from unpredictable damages and natural disasters like earthquakes, floods, tsunamis, and so on. It is optional with home loan.

SBI Life Insurance Company offers life insurance coverage to the Term Life Insurance policyholder for a specific period. In case of any untoward incident resulting in the death of the policyholder, the SBI Suraksha plan offers full protection.

✅ Is there any restriction on the number of properties you can own?


No, you can own as many properties as you want. However, you cannot own more than 5 Home Loans outstanding at any point.

✅ What is the difference between fixed rate and floating rate of interest?


Fixed rate of interest remains constant throughout the tenure of the loan. The floating rate on the other hand changes as per the market fluctuations. It can increase or decrease depending on various factors. Currently home loans are largely offered as floating rates in India. 

✅ Does a change in the interest rate affect the EMI?


Yes, in case of floating interest rates, the EMI change with change in benchmark lending rates. You have an option of keeping the tenure constant or EMI Constant at the time of execution of loan documents. Accordingly EMI will change or tenor will change with change in interest rates.

✅ Which is better, the annual reducing balance or the daily reducing balance?


In the annual reducing balance method, the banks calculate the interest for the forthcoming year by the balance outstanding at the beginning of the year. However, in case of daily reducing balance, interest on EMI is calculated every time on the outstanding loan amount. SBI uses daily reducing balance method and it substantially reduces your EMIs. Hence, daily reducing balance is beneficial.

✅ What is the tax rebate available on a Home Loan?


Section 24 and Section 80C allows you separate deductions on repayment of interest and principal amounts respectively subject to a ceiling of 2 lakhs and 1.50 lakhs respectively. You can also claim tax deductions on payment of stamp duty and registration even if you have not availed any Home Loan. First-time home buyers get additional rebates in income tax. The tax benefit is calculated as per the applicable tax slab.

✅ How can I improve my eligibility for Home Loan?


The best way to improve your eligibility is to close existing Personal Loans and credit lines. It increases your take home pay. A lower FOIR (Fixed Obligations to Income Ratio) helps you to improve your eligibility. Also, bringing in a co-applicant improves your Home Loan eligibility. Income of all co-applicants determines joint eligibility for loan.

✅ Does SBI cover prepayment penalty in Home Loan Balance Transfer?


Yes, it does. However, you should satisfy other eligibility criteria for Home Loan such as EMI/NMI, LTV ratio, and so on.

✅ Where can I avail SBI Home Loans?


SBI has the largest network of branches in India. The lender has specialised retail loan processing centres and Home Loans sales teams across the country to cater to the Home Loan requirements of customers all over the country. You can also apply for your SBI Home Loan online & paperless-ly through MyMoneyMantra.

✅ How to Get Lowest Home Loan Rates in India?


Adding a co-applicant enhances your eligibility amount. SBI assesses total income of all co-applicants for evaluating loan eligibility. Further, all co-applicants (who are also co-owners) can avail of Income Tax benefits on repayment.