7.1% – 9.5% p.a.Loan Interest Rate
Up to 90%Loan Amount of Property value
Rs.10,000 + GSTProcessing Fees
NILPrepayment / Foreclosure Charges
SBI Home Loans
Updated on 18 Nov 2025Written by Ramandeep Sadana,Credit Expert with over 10 years of experience
Latest Update
Aug 17, 2025 -SBI Home Loan Rates Rise to 7.50%-8.70%: August 2025
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.
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SBI Home Loan Highlights
| 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 |
About SBI Bank
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.
SBI Home Loans Features
- Wide Range of Products and Services to cater to every customer segment; special home loan products for defence personnel, government employees, non-salaried individuals, applicants buying ‘green’ homes and individuals living in hilly/tribal areas
- Interest Calculation on Daily Reducing Balance
- Overdraft Facility available
- Low Interest Rates
- Low Processing Fees
- No Hidden Costs
- No Prepayment penalty
- Interest rate concessions of 0.05% to women borrowers
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SBI Home Loans Interest Rates 2024
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% |
SBI Home Loans Interest Rates Comparison with others
| 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. |
SBI Home Loan Processing Fees and Charges
| 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 |
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Types of SBI Home Loan Schemes
- SBI Regular Home Loan
- SBI offers Regular home loan for purchase of already built / under construction property and purchase of pre-owned homes. The scheme is available for applicants from age 18 years to 70 years at an interest rate of 8.50% per annum onwards. The processing fees under this scheme is 0.35% of the loan amount ranging between min Rs 2,000 to maximum Rs 10,000. SBI Regular home loan offers 0.5% lower interest rate for women borrowers. Additionally all the above features are available with zero foreclosure charges and tenure up to 30 years
- State Bank of India Tribal Plus
- SBI Tribal Plus is a special home loan scheme designed for individuals residing in tribal / hilly areas. Borrowers can avail home loan in this scheme for purchase / construction of new house/flat or purchase of an existing house/flat not more than 10 years old. Interest rate starts from 8.60% per annum with a maximum tenure of 15 years. A processing fees of 0.35% of loan amount is levied for all loans.
- SBI Tribal Plus is a special home loan scheme designed for individuals residing in tribal / hilly areas. Borrowers can avail home loan in this scheme for purchase / construction of new house/flat or purchase of an existing house/flat not more than 10 years old. Interest rate starts from 8.60% per annum with a maximum tenure of 15 years. A processing fees of 0.35% of loan amount is levied for all loans.
- SBI Flexipay Home Loan
- SBI under Flexipay Home Loan caters to salaried customers who are looking for higher loan amounts. Flexipay home loan offers higher loan eligibility allowing them to pay interest during the moratorium period (Pre EMI) and then opt for moderated EMIs. The scheme helps in 20% improvement in home loan eligibility for younger professionals. The interest rate under this scheme varies based on the cibil score of an individual with a maximum tenure of 30 years. A processing fees of 0.35% of loan amount is levied for all loans
- SBI Home Loan for Non Salaried Differential Offerings
- This is a specially designed home loan scheme to offer SBI Housing Loan to Non Salaried individuals for the purpose of buying new homes, construction and for repairing/ renovating existing houses or transferring loan to SBI from other banks. An individual can get a loan amount from Rs 50,000 to 50 crore under this scheme for a tenure of up to 30 years. A processing fees of 0.35% of loan amount is levied for all loans
- SBI Pre-Approved Home Loan
- Under SBI Pre-Approved Home loan offer loan is sanctioned even before property is finalised allowing more negotiating power with the seller. All benefits are similar to SBI Regular Home Loan Scheme
- SBI Earnest Money Deposit
- SBI Earnest Money Deposit is a specially designed scheme for paying booking amounts for houses / plots sold by urban development authorities, housing boards and other government authorities. These are short term loans of one year which can be availed to pay only the booking amount. A processing fees of 0.5% of loan amount (min Rs 1,000) is levied for all loans
- SBI Realty Home Loan
- SBI Realty Home Loans are schemes designed for individuals who want to buy a plot of land to build their homes. The scheme has a borrowing limit of Rs 15 crore with a maximum repayment tenure of up to 10 years. The scheme also provides an option to avail a separate SBI Home loan for the actual construction. A processing fees of 0.35% of loan amount is levied for all loans
- SBI Commercial Real Estate (CRE) Home Loan
- SBI Commercial Real Estate (CRE) Home Loan is a specially designed scheme for individuals who already have a home loan and want to buy another house. The maximum number of home loans an individual can avail under this scheme is 3. Additional benefits under this scheme are lower interest rates for women, no foreclosure charges and overdraft facility. A processing fees of 0.5% of loan amount (min Rs 5,000) is levied for all loans
- SBI NRI Home Loan
- SBI NRI Home Loan is a scheme designed for NRI. Interest rates are similar to SBI Regular Home loans. A processing fees of 0.35% of loan amount is levied for all loans
- SBI Home Loan Balance Transfer
- SBI Home Loan Balance Transfer allows existing home loan borrowers from other banks or NBFCs to transfer their housing loans to the State Bank of India, benefiting from lower interest rates and saving on EMI payments.
- SBI Privilege Home Loan
- SBI Privilege Home Loan is a specially designed scheme for Central / State government employees, along with other individuals who get pension. The scheme has a tenure of up to 30 years.
- SBI Shaurya Home Loan
- SBI Shaurya Home Loan is a specially curated scheme for Defense personnel with a lower interest rate, flexible repayment options and term.
- SBI Top Up Home Loan
- SBI Top Up Home Loan is specially available for existing home loan customers for SBI. Customers can get additional loan amounts over and above their existing home loan amount.
- SBI Maxgain Home Loan
- SBI Maxgain Home Loan is a scheme designed for customers who are planning to buy Ready to Move in Homes. This scheme offers home loan overdraft facility where drawing amount reduces monthly to the extent of principal balance
- SBI Reverse Mortgage Loan
- SBI Reverse Mortgage Loan is a scheme designed for senior citizens to help with supplement income post retirement. Customer should be a property owner. This scheme comes with an interest rate of 11.55% per annum. A processing fee of 0.50% is levied.
- SBI Tribal Plus is a special home loan scheme designed for individuals residing in tribal / hilly areas. Borrowers can avail home loan in this scheme for purchase / construction of new house/flat or purchase of an existing house/flat not more than 10 years old. Interest rate starts from 8.60% per annum with a maximum tenure of 15 years. A processing fees of 0.35% of loan amount is levied for all loans.
SBI Home Loan Eligibility
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
SBI Home Loans for NRI & PIO
How to Apply for SBI Home Loan
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) |
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SBI Home Loan EMI Calculator
Your EMI is going to be
₹43,075
Frequently Asked Questions About SBI
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.
Q. What is SBI home loan interest rate?
Written by Ramandeep Sadana, Experienced Home Loan Advisor from last 10+ years
Ans:
The SBI Home Loan interest in India, is 7.35 in 2025, as per the average interest rate reported by RBI. The interest rates can vary at the discretion of SBI and can vary as per the user profile and property.
Q. Are SBI Home Loans interest rate fixed or floating?
Ans:
The SBI Home Loans interest rate are floating and changes as per the movement in RBI Repo Rate declared by the Central Bank time to time.
Q. What are pre-payment or foreclosure charges in SBI home Loan?
Ans:
SBI Home Loan doesn't levy in pre-closure charges irrespective of the tenure specially for individuals.
Q. How can I check eligibility criteria of SBI Home Loans?
Ans:
The eligibility criteria for home loan can be checked at SBI website which will be aligned with below mentioned criteria:
Resident Type: Resident Indian
Minimum Age: 18 years
Maximum Age: 70 years
Loan Tenure: up to 30 years.
Q. How long will it take to get the loan disbursed from SBI?
Ans:
| 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. |
Q. How is SBI Home Loan EMI Calculated?
Ans:
| 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 |
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