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State Bank of India (SBI) has raised home loan interest rates by 25 basis points effective August 1, 2025, with regular home loans now ranging from 7.50% to 8.70% and other loans like Home Loan Maxgain and Top Up Loans from 7.75% to 10.75%. Linked to an EBLR of 8.15%, this hike may increase EMIs for borrowers, depending on their CIBIL score. Check SBI’s website for full details and eligibility. Calculate Your EMI Here
State Bank of India Home loans is the largest mortgage lender in India. SBI has helped over 30 Lakh families in India to achieve their dream of owning a home. Focussing on four main values Trust, Transparency, Integrity and Excellence SBI Housing Finance products and processes revolve around these values itself. State Bank of India average interest rates for this year has been 8.5 which is at the eighth position among all the home loan lenders in India. State Bank Disbursal Time ranges between 15-17 Days.
Ambak Gets You Home loans at interest rates as low as 8.3%, - APPLY NOW
| SBI Home Loan Interest Rate | 8.50% – 9.85% p.a. |
| SBI Home Loan Amount | Up to 90% of property value |
| Loan Tenure | Up to 30 years |
| Processing Fees | 0.35% of the loan amount + applicable taxes (Rs 2,000-Rs 10,000) |
| Prepayment / Foreclosure Charges | Nil |
| Rate Packages available | Floating |
SBI or State Bank of India, a fortune 500 company, is one of the largest public sector banks in India. SBI Bank is an Indian multinational which holds a rich heritage and legacy of over 200 years. SBI is the most trusted bank amongst Indians and has a strong presence in the Indian market. SBI has served over 50 crore customers across its 22,500 branches, 63,580 ATMs/ADWMs, 82,900 BC outlets. It is ranked 48th largest bank in the world by total assets; with an asset base of over Rs. 61 trillion and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list.
You can get a home loan without visiting the bank Apply with Ambak
SBI Home loan interest rates start at as low as 8.50% per annum onwards. It depends on the credit score of the borrower and type of loan scheme. Following are SBI Home Loans Interest Rates of various schemes:
| Types of SBI Home Loans | SBI Housing Loans Interest Rates |
| SBI Home Loan | 8.50%-9.65% |
| SBI Tribal Plus | 8.60%-9.55% |
| SBI Realty Home Loan | 9.45% - 9.85% |
| SBI Top Up Loan | 8.80% to 11.30% |
| SBI Top Up Loan (OD) | 9.00% to 9.95% |
| SBI Loan Against Property | 10.00% - 11.30% |
| SBI Reverse Mortgage Home Loan | 8.55 % to 9.05 % |
| SBI YONO Insta Home Top Up | 9.35% |
| SBI Home Loan Maxgain (OD) | 8.70% to 9.85% |
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
| SBI | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. |
| HDFC Bank Limited | 8.70% p.a. | 8.70% p.a. | 8.70% p.a. |
| LIC Housing Finance | 8.50% - 10.35% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. |
| ICICI Bank | 8.75% p.a. | 8.75% p.a. | 8.75% p.a. |
| Kotak Mahindra Bank | 8.75% p.a. | 8.75% p.a. | 8.75% p.a. |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. |
| IDFC First Bank | 8.85% p.a. | 8.85% p.a. | 8.85% p.a. |
| L&T Finance Limited | 8.65% p.a. | 8.65% p.a. | 8.65% p.a. |
| Tata Capital Housing Finance | 8.75% p.a. | 8.75% p.a. | 8.75% p.a. |
| Federal Bank | 8.80% p.a. | 8.80% p.a. | 8.80% p.a. |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. |
| Godrej Housing Finance | 8.55% p.a. | 8.55% p.a. | 8.55% p.a. |
| Particulars | Details |
| Home Loan- Regular, NRI, Realty,Maxgain, CRE, Flexi-pay, Non-salaried,PAL, Tribal Plus, Apno Ghar Loan above 15 lacs, Top-up Home Loan | 0.35% of loan amount (Rs 2,000-Rs 10,000) |
| YONO Insta Home Top-Up Loan (DigitalProduct) | Rs 2,000 |
| Privilege and Shaurya Home Loan | NIL |
| Apno Ghar (HL upto Rs 15 lacs) | NIL |
| Kerala Govt Employees Home loansscheme | NIL |
Ambak Can Help You Save the Processing Fees Apply Now
SBI Homes Loans eligibility depends on multiple factors like age, nationality and job profile. Following is eligibility criteria for different schemes under SBI Home Loan
| Type | Minimum Age | Maximum Age | Nationality | Job Profile |
| SBI Regular Home Loan | 18 | 70 | Indian | All |
| State Bank of India Tribal Plus | 21 | 60 | Indian | |
| SBI Flexipay Home Loan | 21 to 45 | 70 | Indian | Salaried |
| SBI Home Loan for Non Salaried Differential Offerings | 18 | Indian | Non-Salaried | |
| SBI Pre-Approved Home Loan | 18 | 70 | Indian | All |
| SBI Earnest Money Deposit | 21 | Indian | ||
| SBI Realty Home Loan | 18 | 65 | Indian | All |
| SBI Commercial Real Estate (CRE) Home Loan | 18 | 70 | Indian | All |
| SBI NRI Home Loan | 18 | 60 | Non Resident Indian and Person of Indian Origin | All |
| SBI Home Loan Balance Transfer | 18 | 70 | Indian | All |
| SBI Privilege Home Loan | 18 | 75 | Indian | Government employees working with Central or State Government, Public Sector Banks, Public Sector Undertakings of Central Government and other individuals with pensionable service. |
| SBI Shaurya Home Loan | 18 | 75 | Indian | Army and Defence Personnel |
| SBI Top Up Home Loan | 18 | 70 | Indian / NRI | All |
| SBI Maxgain Home Loan | 18 | 70 | Indian | All |
| SBI Reverse Mortgage Loan | 60 | Indian | All |
Checkout Ambak Home Loan EMI Calculator
Offline: Visit the nearest SBI Bank branch with all the required documents based on scheme selected. Fill the application form at the branch and submit all the documents
Online: Visit the official website of SBI Home Loans https://homeloans.sbi/. Fill the application form, leave your details and you will get a call from the SBI Home Loans Team
It is advisable to calculate your EMI using SBI Home Loan calculator.
You can also drop your details at https://ambak.com/ and our team will help you process the application end to end.
Check List of Documents-
| Category | Documents Required |
| Loan Application | - Duly filled loan application form- Three passport-size photographs |
| Proof of Residence (any one) | - Latest utility bill- Copy of Aadhaar card- Driving licence- Passport |
| Proof of Identity (any one) | - Voter ID card- PAN card- Driver's licence- Passport |
| Employment Proof | - Employer identity card |
| Proof of Income (Salaried) | - Salary certificate or salary slips for the previous three months- IT Returns for the previous two financial years- Copy of Form 16 for the previous two years |
| Proof of Income (Non-Salaried) | - IT Returns for the previous three years- Balance Sheet of the previous three years- Profit & Loss account of the previous three years- Business license or equivalent- Form 16A or TDS certificate (if applicable)- Certificate of qualification (for professionals)- Proof of business address |
| Account Statements | - Bank account statements of the previous six months for all accounts held by the applicant- Loan account statement of the previous one year (if another loan is active) |
| Property Papers | - Copy of approved blueprint- Occupancy Certificate (for ready-to-move property)- Conveyance Deed (for new property)- Permission for construction (if applicable)- Stamped Agreement for Sale or Allotment Letter- Maintenance bill- Electricity bill- Property tax receipt- Approved Plan copy (Xerox Blueprint) & Registered Development Agreement of the builder- Payment receipts to seller or builder- Registered Agreement for Sale (for Maharashtra)- Share Certificate (for Maharashtra) |
To Know More Call Our sales and support number for all of your loan and application related questions.
+91 805-805-8009
Here are answers to some of the most commonly asked questions about SBI Home Loans — from current interest rates and EMI calculations to eligibility, timelines, and more.
Written by Ramandeep Sadana, Experienced Home Loan Advisor from last 10+ years
| Aspect | Details |
| Typical Disbursement Time | 3 to 10 days after submission of all required documents and completion of formalities. |
| Factors Affecting Timeline | - Complexity of the loan application- Property verification process- Financial profile of the applicant |
| Steps to Expedite Process | - Ensure complete and accurate documentation- Respond promptly to bank queries- Maintain clear communication with the loan officer |
| Additional Notes | Timeline may vary depending on the specifics of the loan and applicant. Regular follow-ups with SBI are recommended. |
| Component | Details |
| Formula | EMI = P×r×(1+r)n / (1+r)n−1 |
| Components Explained | P = Principal loan amountr = Monthly interest rate = (Annual interest rate ÷ 12 ÷ 100)n = Loan tenure in months |
| Example Inputs | Principal (P): ₹50,00,000Annual Interest Rate: 8.50%Loan Tenure: 20 years |
| Converted Inputs | Monthly Interest Rate (r): 8.50% ÷ 12 = 0.007083 (decimal)Loan Tenure in Months (n): 20 × 12 = 240 months |
| Example EMI | EMI = ₹43,391.43 |
Amortization Schedule (First 12 Months):
| Month | Principal (₹) | Interest (₹) | EMI (₹) | Outstanding Balance (₹) |
| 1 | 7,108.57 | 36,282.86 | 43,391.43 | 49,92,891.43 |
| 2 | 7,159.12 | 36,232.31 | 43,391.43 | 49,85,732.31 |
| 3 | 7,209.89 | 36,181.54 | 43,391.43 | 49,78,522.42 |
| 4 | 7,260.88 | 36,130.55 | 43,391.43 | 49,71,261.54 |
| 5 | 7,312.09 | 36,079.34 | 43,391.43 | 49,63,949.45 |
| 6 | 7,363.52 | 36,027.91 | 43,391.43 | 49,56,585.93 |
| 7 | 7,415.17 | 35,976.26 | 43,391.43 | 49,49,170.76 |
| 8 | 7,467.04 | 35,924.39 | 43,391.43 | 49,41,703.72 |
| 9 | 7,519.13 | 35,872.30 | 43,391.43 | 49,34,184.59 |
| 10 | 7,571.45 | 35,820.98 | 43,391.43 | 49,26,613.14 |
| 11 | 7,624.00 | 35,769.43 | 43,391.43 | 49,18,989.14 |
| 12 | 7,676.76 | 35,717.67 | 43,391.43 | 49,11,312.38 |
