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When searching for the best home loan options in India, SBI home loan interest rates consistently stand out as a top choice for millions of borrowers. As of November 2025, State Bank of India (SBI) offers competitive interest rates starting at 8.50% per annum, making it an attractive option for homebuyers, plot purchasers, and those seeking balance transfers. This detailed guide focuses on everything you need to know about SBI home loan interest, including rates across various loan types, EMI calculations, repayment schedules, eligibility, and more. Whether you're a first-time borrower or looking to refinance, this article provides a complete roadmap to navigate SBI’s home loan offerings effectively.
SBI’s home loan schemes are tailored to meet diverse needs, from purchasing ready-to-move properties to financing land acquisition or transferring high-interest loans from other banks. With flexible tenures up to 30 years and loan-to-value (LTV) ratios up to 90%, SBI home loan interest rates are designed to balance affordability and long-term savings. Below, we’ll explore the latest interest rates, break down loan types like plot loans and balance transfers, provide detailed EMI tables, and explain how interest calculations work to help you make an informed decision.
SBI home loan interest rates are linked to the bank’s Repo-Linked Lending Rate (RLLR), which aligns with the Reserve Bank of India’s monetary policy. As of November 2025, rates range from 8.60% to 8.70% p.a., influenced by factors like credit score, loan amount, and borrower profile. Recent economic trends, including a stable repo rate, have kept SBI’s rates competitive compared to private lenders like HDFC (8.50%+) or ICICI (8.75%+). Women borrowers and high-income salaried individuals may qualify for concessions of 0.05% to 0.10%.
Here’s a detailed table of SBI home loan interest rates across key schemes:
| Loan Scheme | Interest Rate (p.a.) | Loan Amount Slab | Key Features |
|---|---|---|---|
| SBI Regular Home Loan | 8.60% - 8.70% | Up to ₹30 Lakh: 7.50%-8.40% ₹30-75 Lakh: 7.60%-8.50% Above ₹75 Lakh: 7.70%-8.70% | Standard loan for buying or constructing homes; floating rate. |
| SBI Privilege Home Loan | 7.40% - 8.60% | Up JiuUp to ₹75 Lakh | 0.10% concession for CIBIL >800, high-income salaried. |
| SBI Maxgain Home Loan | 7.50% - 8.70% | Same as Regular | Overdraft facility reduces interest via savings account credit. |
| SBI Shaurya Home Loan | 7.50% - 8.40% | Up to ₹75 Lakh | Exclusive for defense personnel; lower processing fees. |
| SBI Her Ghar Home Loan | 7.45% - 8.65% | All slabs | 0.05% rate reduction for women applicants. |
| SBI Plot Loan (Realty) | 9.40% - 9.85% | Up to ₹75 Lakh | For residential plot purchase; convertible to home loan later. |
| SBI Balance Transfer | 7.50% - 8.95% | Min ₹5 Lakh outstanding | Refinance high-interest loans; no processing fee. |
*Rates effective November 20, 2025; subject to quarterly reset.
These rates make SBI home loan interest highly competitive, often saving borrowers thousands compared to private banks. For precise calculations, SBI’s online EMI calculator is a valuable tool.
SBI offers a variety of home loan products, each with specific interest rates and terms to suit different needs. Below, we explore the main types, focusing on their SBI home loan interest structures and benefits.
The flagship product for purchasing or constructing homes, this loan offers LTV ratios up to 90% for loans under ₹30 Lakh and 80% for higher amounts. Its floating interest rate adjusts with RBI policy changes.
| Parameter | Details |
|---|---|
| Interest Rate | 7.50% - 8.70% p.a. |
| Loan Amount | Up to ₹7.50 Crore; max 90% of property cost. |
| Tenure | 5-30 years. |
| Processing Fee | 0.35% (₹2,000-₹10,000 + GST). |
| Prepayment Charges | Nil for floating rates. |
| Eligibility | Salaried: ₹25,000/month; Self-employed: ITR >₹3 Lakh p.a. |
Ideal for urban buyers, it offers quick disbursal and doorstep documentation.
Designed for purchasing residential plots, this scheme finances up to 75% of the plot cost. SBI home loan interest rates for plot loans are higher due to the absence of immediate construction, starting at 9.40% p.a.
| Parameter | Details |
|---|---|
| Interest Rate | 9.40% - 9.85% p.a. |
| Loan Amount | Up to ₹75 Lakh; 70-75% of plot value. |
| Tenure | Up to 15 years; construction within 1 year. |
| Processing Fee | 0.35% (min ₹2,000). |
| Key Restriction | Residential plots only. |
| Additional Perks | Convertible to home loan post-construction. |
Perfect for tier-2 city buyers, where land prices grow 10-15% annually. For a ₹20 Lakh plot loan at 9.50% over 10 years, expect EMIs around ₹26,500.
Transferring a high-interest loan to SBI can reduce your rate by 1-2%, with no processing fees. The new SBI home loan interest rate applies to the outstanding principal, potentially extending the tenure.
| Parameter | Details |
|---|---|
| Interest Rate | 7.50% - 8.95% p.a. |
| Transfer Amount | Min ₹5 Lakh outstanding. |
| Tenure | Up to 30 years. |
| Processing Fee | Nil (plus GST on legal fees). |
| Top-Up Option | Up to 2x original loan for renovations. |
| Savings Example | From 9.50% to 7.80% on ₹50 Lakh: Save ₹5,000/month. |
The process requires a transfer request, property documents, and NOC from the previous lender, with disbursal in 7-10 days.
All schemes adhere to RBI guidelines, ensuring transparency.
Your SBI home loan interest rate is personalized based on several factors:
Maintaining a debt-to-income ratio below 50% and a strong credit history optimizes your rate.
SBI uses the reducing balance method, charging interest only on the outstanding principal. The monthly interest formula is: (Outstanding Principal × Annual Rate / 12 / 100). Here’s an amortization schedule for a ₹50 Lakh loan at 8.00% p.a. over 20 years (EMI ≈ ₹43,335):
| Year | Opening Balance (₹) | Annual EMI (₹) | Principal Paid (₹) | Interest Paid (₹) | Closing Balance (₹) |
|---|---|---|---|---|---|
| 1 | 50,00,000 | 5,20,020 | 2,45,680 | 2,74,340 | 47,54,320 |
| 5 | 41,23,450 | 5,20,020 | 3,12,890 | 2,07,130 | 38,10,560 |
| 10 | 30,45,670 | 5,20,020 | 3,89,120 | 1,30,900 | 26,56,550 |
| 15 | 18,76,890 | 5,20,020 | 4,67,340 | 52,680 | 14,09,550 |
| 20 | 0 | 5,20,020 | 5,20,020 | 0 | 0 |
*Total Interest: ₹33,80,400.
Early prepayments reduce interest by up to 20% by accelerating principal repayment.
The EMI formula is: EMI = [P × R × (1+R)^N] / [(1+R)^(N-1)], where P=Principal, R=Monthly Rate, N=Months. Example: ₹40 Lakh loan at 7.80% for 25 years yields EMI ≈ ₹29,900, with total interest of ₹49,70,000.
| Loan Amount (₹ Lakh) | Interest Rate | Tenure (Years) | Monthly EMI (₹) | Total Interest (₹ Lakh) |
|---|---|---|---|---|
| 30 | 7.50% | 20 | 24,950 | 30.00 |
| 30 | 7.50% | 30 | 20,950 | 45.50 |
| 50 | 8.00% | 20 | 43,335 | 33.80 |
| 50 | 8.00% | 25 | 38,650 | 66.00 |
| 75 | 8.50% | 30 | 58,900 | 87.50 |
SBI’s online EMI calculator simplifies this process, adjusting for rate changes or prepayments.
SBI home loan interest impacts EMI and total cost across tenures of 5-30 years. Shorter tenures increase EMIs but reduce interest. Step-up repayment aligns EMIs with income growth.
| Tenure (Years) | EMI per ₹10 Lakh (at 8%) | Total Interest per ₹10 Lakh | Best For |
|---|---|---|---|
| 10 | ₹12,165 | ₹4.60 Lakh | High earners; quick payoff. |
| 15 | ₹9,580 | ₹7.24 Lakh | Balanced; mid-career. |
| 20 | ₹8,380 | ₹10.11 Lakh | Families; moderate EMIs. |
| 25 | ₹7,800 | ₹13.40 Lakh | Beginners; low monthly outflow. |
| 30 | ₹7,340 | ₹16.42 Lakh | Max affordability. |
Partial prepayments (min 0.5% annually, no charge) can shorten tenure. For plot loans, align repayments with construction phases.
Eligibility requires age 21-70 (65 at maturity for some schemes), minimum income of ₹25,000/month for salaried, and ITR above ₹3 Lakh for self-employed. Co-applicants increase loan limits by 50%. Plot loans require approved residential land.
Digital submission via SBI’s YONO app speeds up processing.
Processing fees are 0.35% (₹2,000-₹10,000 + GST). Legal/valuation fees range from ₹5,000-₹10,000. Tax benefits under Section 80C (principal up to ₹1.5 Lakh) and 24(b) (interest up to ₹2 Lakh) save over ₹45,000 annually.
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 |
