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The State Bank of India is among the largest public sector banks in the country. It offers a wide range of credit options, including home loans. You can get an SBI Home Loan at competitive rates with flexible repayment terms to purchase your dream home affordably. 

Read on to know the eligibility criteria, documentation, online and offline application process, and more.

SBI Home Loan Details

Here are some details of the SBI Home Loan that you must know:

Interest Rate

9.15% p.a. onwards

Loan Amount

Up to 90% of Property Value

Processing Fee

0.35% of Loan Amount + GST (maximum of ₹10,000 + GST)

Prepayment/Foreclosure Charges 


Max Tenure

30 years

 Disclaimer:The figures and rates are subject to change at the lender’s discretion.

SBI Home Loan Interest Rates

The SBI Home Loan interest rate varies based on your credit score. Moreover, according to the RBI, the lender can reset the interest rate External Benchmark Lending Rate (EBLR) as per the extant guidelines. 

Here are the interest rates for SBI regular home loans:


Term Loan (p.a.)

MaxGain (p.a.)













NTC/No CIBIL Score/-1



Disclaimer: The interest rate varies depending on the bank’s policy.

SBI Home Loan Eligibility

The SBI Home Loan eligibility calculator can help you get a picture of whether you are eligible for a home loan, the interest rate you can expect and the tenure over which you can repay your loan. Here are the general eligibility criteria:

  • You must be an Indian resident

  • You should be between 18 and 70 years of age

  • You must have a CIBIL score of 649 or above 

Note: Applicants with NTC/NO CIBIL SCORE/ -1 may also be eligible at the lender’s discretion.

SBI Home Loan EMI Calculator

If you know the SBI Home Loan interest rate applicable, you can calculate the monthly instalments for your home loan repayment. You can manually calculate the EMI amount, or you can simply use the SBI Home Loan EMI calculator.  This tool can help automatically calculate your dues accurately and swiftly.

Calculate Your SBI Home Loan EMI

Loan Amount
Rate of Interest
Home Loan
Your Monthly Home Loan EMI
Principal Amount
Total Interest
Total Amount Payable
Amortization Schedule
Year EMI Principal Interest Balance

A Home Loan EMI calculator is an algorithm-based tool that can help you get instant estimates of your house loan EMI amount. All you need to do is enter your loan amount, expected interest rate, and preferred repayment tenure.


The online tool will show you your overall EMI outflow within seconds. A housing loan calculator can also help you compare loan options by simply altering the numbers you fed into the tool originally. This way, you will be able to decide which offer suits you the best.

How to Apply for an SBI Home Loan

Here are the steps to apply for an SBI Home Loan:

  • Step 1: Open the SBI Yono application, go to the loan menu, and select home loan

  • Step 2: Check the eligible loan amount by providing the required details 

  • Step 3: Fill in the necessary details and click on submit

  • Step 4: You will receive a call back from the bank’s representative

Documents Required for an SBI Home Loan

Here are all the documents required to complete your SBI Home Loan application: 

1. Documents Required for all Applicants:

  • Properly filled application form

  • 3 Passport-size photos

  • Proof of residence like the latest utility bill, Aadhaar card, driver’s licence, passport

  • Proof of identity like voter ID, PAN card, driver’s licence or passport

  • Employer ID card

2. Documents Required for Salaried Applicants:

  • Salary slips for the last three months

  • Copy of I-T returns of two years

  • Copy of Form 16 of two years 

3. Documents Required for Non-Salaried Applicants:

  • I-T return of the last three years

  • Balance sheet for the last three years

  • P&L statements for the last three years

  • Details of business licence

  • Form 16 A or TDS certificate

  • Certificate of qualification

  • Proof of business address 

4. Property Details:

  • Copy of blueprint

  • Occupancy certificate

  • Conveyance deed

  • Permission for construction

  • Stamped agreement for sale

  • Allotment letter maintenance bill

  • Electricity bill

  • Property tax receipt

  • Plan copy

  • Builder’s Registered development agreement

  • Bank statements or payment receipts from the seller

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SBI Home Loan Types

SBI Home Loans offers a variety of housing loan products that cater to different types of borrowers. Here are some of home loan products they offer:

1. Regular Home Loan: You can get this SBI home loan for financing an under-construction or already-built property, along with pre-owned homes. It can also be used for renovation and extension of an existing home.

2. NRI Home Loan

NRIs can avail of this home loan for purchase or construction of houses.

3. Flexipay Home Loan

This home loan allows salaried professionals to pay lower EMIs in the initial years and higher EMIs in the later years of the tenure. They may also repay during the moratorium period.

4. Home Loan Balance Transfer

Those with home loans from other banks or lenders can transfer their home loans to SBI through this balance transfer facility.

5. Privilege Home Loan

This home loan is especially for government employees, employees of public sector banks, PSUs, or those in a pensionable service.

6. Shaurya Home Loan

This home loan category is designed for army and defence personnel, offering them lower interest rates.

7. Realty Home Loan

This home loan is for those who wish to build a house within five years from the date of loan sanction. The maximum loan amount under this category is ₹15 Crores, which you can pay over a tenure of 10 years and not more.

8. Top-up Home Loan

Existing customers of SBI home loans can get a top-up in addition to the existing principal amount.

10. SBI YONO Insta Home Top-Up Loan

This home loan top-up facility is available to pre-selected customers via the SBI YONO app. 

11. Non-salaried Differential Offerings

This loan is useful for non-salaried applicants, as their requirements are met. 

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SBI Home Loan Features & Benefits

Here are some of the features of the SBI Home Loan: 

  •  Affordable

The SBI housing loan interest rate is extremely affordable. SBI Home Loans also offers lower interest rates to women. However, remember that your eligibility and credit scores determine the interest rate you will be offered. 

  • Overdraft

You can avail of an overdraft on your SBI Home Loan. 

  • Flexibility

You have the autonomy over defining the number of years over which they pay off their home loan. SBI allows borrowers to repay their home loans over a tenure of 30 years.

  • Pre-Approvals

Existing SBI customers, like savings account holders, can get pre-approved for a loan. This makes the application process exceedingly simple and hassle-free.

SBI Home Loan Customer Care

SBI Home Loan Customer Care

Toll-Free Number



Real Estate and Housing Business Unit, State Bank of India, Corporate Centre, Madame Cama Road, State Bank Bhavan, Nariman Point, Mumbai-400021

Getting a home loan is an important decision that demands caution. You must research and compare various options and choose one that provides the best deal.

On Bajaj Markets, you can explore different loan options and choose from leading lenders in India. On the platform, you can compare the interest rates, processing fees, and loan tenure of various options. Also, you can benefit from affordable interest rates, easy application process and minimal paperwork requirements.


The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort. 

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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FAQs on the SBI Home Loan

Can I apply for an SBI Home Loan online?

Yes, you can apply for a SBI Home Loan online through the SBI Home Loans website, app, or an aggregator.

What are the processing fees for SBI Home Loans?

The SBI Home Loan processing fee is 0.35% of the loan amount + GST, subject to a minimum of ₹2,000 and a maximum of ₹10,000, plus taxes.

Does SBI give pre-approved home loans?

Yes, SBI offers pre-approved home loans to its existing customers.

What is the maximum limit of an SBI Home Loan?

The maximum limit of the SBI home loan depends on the property value. SBI has a maximum LTV of 90%, meaning you can get a loan of up to 90% of the property’s value.

How can I check my SBI Home Loan status?

You can check the status of your SBI Home Loan on the SBI YONO app or the website.

Does SBI check CIBIL for a home loan?

SBI checks the credit score of the customer with a credit bureau.

What is the maximum loan tenure I can opt for under an SBI Housing Loan?

The maximum tenure for SBI loans is 30 years.

Can I transfer my home loan from another bank to SBI?

Yes, you can transfer your home loan from another bank to SBI.

Can I club the income of my spouse with mine and apply for a joint home loan?

Yes, you can apply for a joint SBI Home Loan.

Is the SBI Home Loan EMI calculator the same as the SBI Home Loan eligibility calculator?

No, the SBI Home Loan EMI calculator is different from the SBI Home Loan eligibility calculator. The EMI calculator helps you with the EMI amount you have to pay on a home loan. The eligibility calculator will tell how much loan you are eligible for.

What are the factors affecting SBI Home Loan EMI calculator results?

The home loan EMI calculator results will vary on the loan amount you enter, the rate of interest and the chosen tenure. 

Does SBI provide a 90% home loan?

Yes, when you take a home loan of up to ₹30 Lakhs, SBI's maximum Loan-to-Value ratio (LTV) is 90%. If you take a higher loan amount of more than ₹30 Lakhs and up to ₹75 Lakhs, SBI Home Loans’ maximum LTV is 80%.

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