SBI Flexipay Home Loan

SBI Flexipay Home Loan Highlights – 2025
Interest rate	8.00% p.a. onwards
Loan amount	Based on credit profile of the loan applicants
Repayment tenure	Up to 30 years
Processing fee	0.35% of the loan amount (Minimum: Rs 2,000 and Maximum: Rs 10,000)

Note: Interest rates as on 21 April 2025.

SBI Flexipay Home Loan Interest Rates

SBI has not fixed any separate rates for its Flexipay Home Loan scheme. Thus, the interest rates for SBI Flexipay Home Loan starts from 8.00% p.a.

Also Check: Home Loan EMI Calculator

Compare Home Loan Interest Rates of Top Banks & HFCs

Name of Lender	Loans of Up to Rs. 30 Lakh
Bank of India	7.10% p.a. onwards	Check Eligibility
State Bank of India	7.25% p.a. onwards	Check Eligibility
Punjab National Bank	7.20% p.a. onwards	Check Eligibility
Canara Bank	7.15% p.a. onwards	Check Eligibility
HDFC Bank	7.90% p.a. onwards	Check Eligibility
Bajaj Housing Finance	7.40% p.a. onwards	Check Eligibility
ICICI Bank	7.65% p.a. onwards	Check Eligibility
Axis Bank	*8.25% p.a. onwards	Check Eligibility
Federal Bank	*7.90% p.a. onwards	Check Eligibility
Kotak Mahindra Bank	7.70% p.a. onwards	Check Eligibility
IDFC FIRST Bank	8.85% p.a. onwards	Check Eligibility
IDBI Bank	7.35% p.a. onwards	Check Eligibility
RBL Bank	8.20% p.a. onwards	Check Eligibility
Tata Capital Housing Finance	7.75% p.a. onwards	Check Eligibility
PNB Housing Finance	*7.20% p.a. onwards	Check Eligibility
Sammaan Capital (Formerly known as Indiabulls Housing Finance)	8.75% p.a. onwards	Check Eligibility
India Shelter Home Loan	8.43% p.a. onwards	Check Eligibility
L&T Finance Limited	*8.40% p.a. onwards	Check Eligibility
Godrej Housing Finance	7.75% p.a. onwards	Check Eligibility
Home First Finance	8.00% p.a. onwards	Check Eligibility
Easy Home Finance	8.99% p.a. onwards	Check Eligibility
Piramal Capital Housing Finance	*8.25% p.a. onwards	Check Eligibility
Shubham Housing Finance	10.45% p.a. onwards	Check Eligibility
Punjab & Sind Bank	7.30% p.a. onwards	Check Eligibility
Jio Housing Finance	8.20% p.a. onwards	Check Eligibility
HDFC Sales Pvt Ltd	7.90% p.a. onwards	Check Eligibility

SBI Flexipay Home Loan Fees and Charges

The processing fees for SBI Flexipay Home Loan is mentioned below:

Particulars	Rates
Processing fees	0.35% of the loan amount (Minimum: Rs 2,000 and Maximum: Rs 10,000)

SBI Flexipay Home Loan Eligibility Criteria

The eligibility criteria for availing SBI Flexipay Home Loans are as follows:

• Resident Indians are eligible to apply for Flexipay home loans from SBI
• Minimum Age: 21 years
• Maximum Age: 45 years to apply for the home loan and up to age of 70 years for loan repayment

SBI Flexipay Home Loan Documents Required

The documentation criteria for SBI FlexiPay Home Loans are mentioned below:

• List of common documents for all applicants:
  Employer Identity Card
• Completed loan application form duly filled 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

List of account statements:

• 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

List of property papers:

• Permission for construction (where applicable)
• Registered Agreement for Sale (only for Maharashtra)/Allotment Letter/Stamped Agreement for Sale
• Occupancy Certificate (in case of ready to move property)
• Share Certificate (only for Maharashtra), Maintenance Bill, Electricity Bill, property tax receipt
• Approved Plan copy (Xerox Blueprint) & Registered Development agreement of the builder, Conveyance Deed (For New Property)
• Payment Receipts or bank A/C statement showing all the payments made to Builder/Seller

List of income proof required for salaried applicants/co-borrower/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.

FAQs On SBI Flexipay Home Loan

1. What is the minimum and maximum loan amount offered under SBI Flexipay Home Loan scheme?
Ans. SBI has not disclosed the minimum and maximum loan amount for its Flexipay home loan scheme. However, the lender might consider their loan applicants’ credit profile, repayment capacity, market value of the property, LTV ratio, etc. for deciding the loan amount of its Flexipay home loan applicants.

2. How do I apply for SBI Flexipay Home Loan?
Ans. Home Loan applicants can go to the SBI’s website or visit the bank branch to apply for SBI Flexipay Home Loan.

Check: Home Loan Eligibility Calculator

3. Can self-employed applicants avail SBI Flexipay Home Loans?
Ans. No. SBI offers its Flexipay Home Loan scheme exclusively to salaried individuals.

4. What is the duration of the moratorium period for SBI Flexipay Home Loans?
Ans. The lender has not disclosed the duration of moratorium period offered through the SBI Flexipay Home Loan Scheme. However, you can get in touch with the concerned officials at the bank to know the exact moratorium period offered for Flexipay home loan scheme.