| 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.
Table of Contents
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
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Compare Home Loan Interest Rates of Top Banks & HFCs
| Name of Lender | Loans Up to Rs. 30 Lakh | Loans Above Rs. 30 Lakh to Rs. 75 Lakh | Loans Above Rs. 75 Lakh | |
| SBI | 7.50%-8.70% p.a. | 7.50%-8.70% p.a. | 7.50%-8.70% p.a. | Check Eligibility |
| HDFC Bank Limited | 8.45% p.a. onwards | 8.45% p.a. onwards | 8.45% p.a. onwards | Check Eligibility |
| Bajaj Housing Finance | 7.49%-17.00% | 7.49%-17.00% | 7.49%-17.00% | Check Eligibility |
| ICICI Bank | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards | Check Eligibility |
| Axis Bank | 8.75%-12.80% p.a. | 8.75%-12.80% p.a. | 8.75%-9.65% p.a. | Check Eligibility |
| Federal Bank | 9.15% p.a. onwards | 9.15% p.a. onwards | 9.15% p.a. onwards | Check Eligibility |
| Punjab National Bank | 7.55% - 9.35% p.a. | 7.50% - 9.25% p.a. | 7.50% - 9.25% p.a. | Check Eligibility |
| Kotak Mahindra Bank | 8.20% p.a. onwards | 8.20% p.a. onwards | 8.20% p.a. onwards | Check Eligibility |
| Bank of Baroda | 7.50% - 9.25% p.a. | 7.50% - 9.25% p.a. | 7.50% - 9.50% p.a. | Check Eligibility |
| Canara Bank | 7.50%-10.25% p.a. | 7.45% – 10.25% p.a. | 7.40% – 10.15% p.a. | Check Eligibility |
| IDFC FIRST Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Check Eligibility |
| IDBI Bank | 7.75% p.a. onwards | 7.75% p.a. onwards | 7.75% p.a. onwards | Check Eligibility |
| Punjab & Sind Bank | 7.55% - 10.75% p.a. | 7.55% - 10.75% p.a. | 7.55% - 10.75% p.a. | Check Eligibility |
| RBL Bank | 8.20% p.a. onwards | 8.20% p.a. onwards | 8.20% p.a. onwards | Check Eligibility |
| LIC Housing Finance | 8.00% p.a. onwards | 8.00% p.a. onwards | 8.00% p.a. onwards | Check Eligibility |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| PNB Housing Finance | 8.25% - 14.50% p.a. | 8.25% - 14.50% p.a. | 8.25%-11.35% p.a. | Check Eligibility |
| Sammaan Capital (Formerly known as Indiabulls Housing Finance) | 8.75% onwards | 8.75% onwards | 8.75% onwards | Check Eligibility |
| Aditya Birla Capital | 8.50% onwards | 8.50% onwards | 8.50% onwards | Check Eligibility |
| India Shelter Home Loan | 10.00% onwards | 10.00% onwards | 10.00% onwards | Check Eligibility |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Check Eligibility |
| Godrej Housing Finance | 8.55% onwards | 8.55% onwards | 8.55% onwards | Check Eligibility |
| Home First Finance | 11.90% onwards | 11.90% onwards | 11.90% onwards | Check Eligibility |
| Easy Home Finance | 8.95% onwards | 8.95% onwards | 8.95% onwards | Check Eligibility |
| Piramal Capital Housing Finance | 9.50% onwards | 9.50% onwards | 9.50% onwards | Check Eligibility |
| Cholamandalam Investment and Finance | 10.50% onwards | 10.50% onwards | 10.50% onwards | Check Eligibility |
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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
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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
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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.
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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.