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Exciting CashbacksAccording to Ambak, State Bank of India (SBI) home loan interest rates start at 7.50% p.a. and go up to 8.70% p.a. in November 2026. Following the Reserve Bank of India's 25 basis points repo rate hike to 5.50% on 7 October 2026, State Bank of India (SBI)'s floating home loan rates are benchmarked to EBLR 8.15% (RLLR 7.75%) (effective 15 October 2026). Salaried borrowers with a CIBIL score of 800 and above qualify for the lowest starting slab of 7.50% p.a., while self-employed borrowers start at 7.55% p.a. Last verified: 10 November 2026.
Quick Tools: Calculate SBI Home Loan EMI | SBI Home Loan Overview & Eligibility | Compare All Banks (Nov 2026)
State Bank of India (SBI) prices retail home loans using a CIBIL credit score and employment risk grid. Maintaining a CIBIL score of 750–800+ saves 35 to 85 basis points over the life of a 20-year loan:
| CIBIL Score Slab | Salaried Rate (p.a.) | Self-Employed Rate (p.a.) | ₹50 Lakh / 20-Yr Monthly EMI | Approval & Risk Grade |
|---|---|---|---|---|
| 800 – 900 (Super Prime) | 7.50% – 7.65% | 7.55% – 7.75% | ₹40,280 | Lowest floor rate; priority sanction |
| 750 – 799 (Prime) | 7.60% – 7.80% | 7.70% – 7.90% | ₹40,739 | Standard prime rate slab |
| 700 – 749 (Near Prime) | 7.90% – 8.25% | 8.00% – 8.40% | ₹41,822 | Approved with standard LTV cap (≤80%) |
| 650 – 699 (Moderate Risk) | 8.45% – 8.70% | 8.60% – 8.70% | ₹43,391 | Requires strong FOIR & co-applicant |
Under RBI LTV and risk-weight guidelines, State Bank of India (SBI) offers differentiated pricing across loan ticket sizes and specialised mortgage variants:
| SBI Loan Variant / Slab | Interest Rate (Nov 2026) | Max LTV Ratio | Max Tenure | Key Concession / Feature |
|---|---|---|---|---|
| Regular Home Loan (Up to ₹30 Lakh) | 7.50% – 8.70% p.a. | Up to 90% of property cost | 30 years | 0.05% p.a. concession |
| Regular Home Loan (₹30 Lakh – ₹75 Lakh) | 7.50% – 8.70% p.a. | Up to 80% of property cost | 30 years | Most popular urban residential slab |
| High-Ticket Home Loan (Above ₹75 Lakh) | 7.60% – 8.70% p.a. | Up to 75% of property cost | 30 years | Step-up / overdraft option available |
| SBI Home Loan Balance Transfer | From 7.50% p.a. | Up to 80% (including top-up) | Remaining / up to 30 yrs | Zero foreclosure penalty on floating loans |
| SBI Top-Up Home Loan | 7.75% – 8.70% p.a. | Within overall 75%–80% LTV | Up to 15–20 years | No end-use restriction (renovation/personal) |
| SBI Plot / Construction Loan | 7.70% – 8.70% p.a. | 70%–75% of plot / estimate | Up to 15–30 years | Construction required within 2–3 years |
The table below shows exact monthly EMIs for State Bank of India (SBI) home loans from ₹25 lakh to ₹1.50 crore across 10, 15, 20, 25, and 30-year tenures at the starting rate of 7.50% p.a. A 25 bps change in the RBI repo rate alters the 20-year EMI on a ₹50 lakh loan by ₹768/month:
| Loan Amount | 10-Year EMI | 15-Year EMI | 20-Year EMI | 25-Year EMI | 30-Year EMI |
|---|---|---|---|---|---|
| ₹25 Lakh | ₹29,675 | ₹23,175 | ₹20,140 | ₹18,475 | ₹17,480 |
| ₹50 Lakh | ₹59,351 | ₹46,351 | ₹40,280 | ₹36,950 | ₹34,961 |
| ₹75 Lakh | ₹89,026 | ₹69,526 | ₹60,419 | ₹55,424 | ₹52,441 |
| ₹1 Crore | ₹118,702 | ₹92,701 | ₹80,559 | ₹73,899 | ₹69,921 |
| ₹1.5 Crore | ₹178,053 | ₹139,052 | ₹120,839 | ₹110,849 | ₹104,882 |
| Fee / Charge Type | Applicable Charge (November 2026) | When Payable |
|---|---|---|
| Processing Fee | 0.35% of loan amount (min ₹2,000, max ₹10,000 + GST); 50%–100% waiver on select approved projects | At application / login stage |
| Legal & Technical Valuation Fee | ₹3,000 – ₹7,500 + GST (actuals paid to empanelled lawyer & valuer) | Prior to final disbursement |
| MODT / Equitable Mortgage Charges | 0.20% – 0.50% of loan amount (state government stamp duty on mortgage deed) | At agreement execution |
| Floating-Rate Prepayment / Foreclosure Charge | Nil (0%) for individual borrowers as per RBI Directions | Anytime during loan tenure |
| CERSAI Registration Fee | ₹100 + GST (for loans above ₹5 lakh) | At disbursement |
| Bank / HFC | Interest Rate Range (Nov 2026) | External Benchmark | Processing Fee |
|---|---|---|---|
| Bank of Baroda | 7.40% – 9.15% | BRLLR 8.15% | Nil on select digital home loan offers / standard up to 0.50% (ma |
| Canara Bank | 7.40% – 10.25% | RLLR 8.25% | 0.50% of loan amount (min ₹1,500, max ₹10,000 + GST) |
| Union Bank of India | 7.40% – 9.60% | EBLR 8.25% | Up to 0.50% of loan amount (max ₹15,000 + GST) |
| Bank of Maharashtra | 7.45% – 9.25% | RLLR 8.20% | Up to 0.25% of loan amount (max ₹10,000 + GST) |
| Central Bank of India | 7.45% – 9.00% | RBLR 8.50% | 0.50% of loan amount (max ₹20,000 + GST); Cent Grih Lakshmi women |
| Punjab National Bank (PNB) | 7.45% – 9.35% | RLLR 8.35% | Up to 0.35% of loan amount (min ₹2,500, max ₹15,000 + GST) |
| Bajaj Housing Finance | 7.50% – 15.00% | BHFL Floating Reference Rate (FRR) | ₹1,999 + GST for online instant in-principle sanction letter (sta |
| Bank of India | 7.50% – 9.85% | RBLR 8.35% | 0.25% – 0.50% of loan amount (max ₹20,000 + GST) |
| State Bank of India (SBI) | 7.50% – 8.70% | EBLR 8.15% (RLLR 7.75%) | 0.35% of loan amount (min ₹2,000, max ₹10,000 + GST); 50%–100% wa |
| Kotak Mahindra Bank | 7.60% – 9.00% | Repo Rate (5.50%) Linked | 0.50% – 1.00% of loan amount + GST |
In November 2026, State Bank of India (SBI) home loan interest rates start at 7.50% p.a. and go up to 8.70% p.a. depending on your CIBIL score, loan amount, LTV ratio, and employment type. Floating rates are linked to EBLR 8.15% (RLLR 7.75%) following the RBI's 7 October 2026 repo rate hike to 5.50%.
To secure State Bank of India (SBI)'s lowest starting rate of 7.50% p.a., applicants generally require a CIBIL score of 750 to 800+, a clean repayment track record with zero 30+ DPD delinquencies in the past 24 months, and an LTV ratio within 75%–80%.
No. In compliance with Reserve Bank of India (RBI) guidelines, State Bank of India (SBI) charges zero prepayment or foreclosure penalty on floating-rate home loans sanctioned to individual borrowers.
Existing State Bank of India (SBI) borrowers whose CIBIL score has improved to 750–800+ can submit a rate-conversion request at their home branch or online portal by paying a nominal one-time conversion fee to align their spread with the November 2026 card rate of 7.50% p.a.
Zero Hidden ChargesHassle Free and Fast Approval ProcessPersonalized Loan AssistanceExciting CashbacksHere 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
Answered on 2025-07-26
| 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 |
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