SBI Pre-Approved Home Loan Highlights 2023 | |
Interest rates | 8.40% p.a. onwards |
Loan amount | Based on customer profile |
Repayment tenure | Up to 30 years |
Processing fee | Up to 0.17% of the loan amount (Rs 2,000- Rs 10,000) |
Note: Interest rates as on 30th November 2023

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Table of Contents
SBI Pre Approved Home Loan Interest Rates
State Bank of India (SBI) has not set any separate interest rates for Pre-Approved Home Loans. The interest rates applicable for various SBI home loan products would be applicable for SBI pre-approved home loans.
Campaign Rates (Term Loan)
CIBIL Score | Interest Rate (p.a.) |
>=800 | 8.60%* |
750-799 | 8.60%* |
700-749 | 8.70%* |
650-699 | 9.45% |
550-649 | 9.65% |
NTC/No CIBIL/-1 | 8.70%* |
151-200** | 8.70% |
100-150** | 9.45% |
Note:
- *20 bps concession over the above proposed rates for Home Loan Balance Transfer, resale and ready to move-in properties (for CIBIL Score of 700 and above)
- **Score Bands of 101-150 & 151-200 are assigned by CIBIL for New to Credit borrowers.
- Premium of 10 bps for loans up to 30 lacs for LTV >80% & < =90%
- 5 bps concession available to women borrowers subject to minimum EBLR, i.e., 9.15
- 5 bps concession if maintaining salary account with SBI under salary package
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SBI Pre-Approved Home Loan Processing Fees
SBI charges a nominal processing fee of up to 0.17% of the loan amount (Rs 2,000- Rs 10,000).
SBI Pre-Approved Home Loan Eligibility Criteria
- Resident Type: Resident Indian
- Minimum Age: 18 years
- Maximum Age: 70 years

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Also know about Home Loan Balance Transfer
SBI Pre Approved Home Loan Documents Required
List of common documents applicable to all applicants:
- Employer Identity Card
- Completed loan application form duly filled in and affixed with 3 Passport size photographs
- Proof of Identity (Any one): PAN/ Passport/ Driver’s License/ Voter ID card
- Proof of Residence/ Address (Any one): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhar Card
Account Statement:
- Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s
- If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year
Income proof for salaried applicant/co-borrowers/guarantor:
- Salary Slip or Salary Certificate of last 3 months
- Copy of Form 16 for last 2 years or copy of IT Returns for last 2 financial years, acknowledged by IT Dept.
Income proof for non-salaried co-applicant/ guarantor:
- Business address proof
- IT returns for last 3 years
- Balance Sheet & Profit & loss A/c for last 3 years
- Business License Details(or equivalent)
- TDS Certificate (Form 16A, if applicable)
- Certificate of qualification (for C.A./ Doctor and other professionals)