SBI Home Loan Balance Transfer

SBI Home Loan Balance Transfer Highlights
Interest Rates	7.25% – 8.70% p.a.
Repayment Tenure	Depends on the outstanding amount
Processing fee	NIL

Note: Interest rates as of 1st January 2026

SBI Home Loan Balance Transfer Interest Rates

Interest rates for SBI Home Loan balance transfer are mentioned below:

Home Loan Interest Rate in SBI – Scheme Wise

SBI Home Loan Schemes	Interest Rates (p.a.)
Home Loan (TL)	7.25% – 8.45%
Home Loan Maxgain (OD)	7.50% – 8.70%
Top-up Loan	7.75% – 10.50%
Top-up (OD) Loan	8.00% – 9.20%
YONO Insta Home Top-up Loan	8.10%

Compare SBI Bank 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 Home Loan Balance Transfer Eligibility Criteria

• Resident Type: Resident Indian
• Minimum Age: 18 years
• Maximum Age: 65 years
• Extended Loan Tenure

SBI Home Loan Balance Transfer Documents Required

List of common documents:

• Employer Identity Card
• Loan Application: 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 property papers:

• NOC from society or builder
• Registered agreement for sale
• Occupancy Certificate
• Share Certificate(only for Maharashtra), Maintenance Bill, Electricity Bill, property tax receipt
• Chain of all old Agreements for sale

Account statements:

• Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s

Income proof for salaried applicant/co-applicant/guarantor:

• Salary Slip or Salary Certificate for the last 3 months
• Copy of Form 16 for the last 2 years or copy of IT Returns for the last 2 financial years, acknowledged by the IT Department

Income proof for non-salaried applicant/co-applicant/guarantor:

• Business address proof
• IT returns for the 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)

Documents from other banks:

• List of original documents held at Bank
• Loan a/c statement for the past one year
• Sanction Letter
• Interim Period Security

Know how to get SBI Bank home loan statements and provisional interest certificates online.

FAQs on SBI Home Loan Balance Transfer

1. What costs are incurred during SBI Home Loan transfer?
Ans. SBI charges processing fees during the transfer of home loans to SBI. Currently, the lender has waived the processing fees charged for SBI Home Loan Balance Transfer.

2. Can I avail a higher loan amount from SBI when I transfer my loan?
Ans. Based on your home loan eligibility and the merits of the case and requirements, the bank may offer a higher loan amount when you transfer your existing home loan to SBI for purposes, such as renovation, extension and furnishing.

3. Can I extend my repayment period when I transfer my loan to SBI?
Ans. Yes, you can extend your repayment tenure while transferring your home loan to SBI provided your age does not exceed the maximum eligible age or the retirement age at the time of loan maturity.

4. Can I avail Home Loan Top-up facility while transferring my home loan to SBI?
Ans. Yes, SBI offers Home Loan Balance Transfer with a Top-up facility provided the maximum LTV ratio (after factoring in your top-up loan) does not exceed 75% and is subject to the fulfillment of other terms and conditions of SBI Home Loan Balance Transfer facility. You can also click here to compare the home loan balance transfer offers (along with top-up facility) from top lenders based on your credit score.