SBI Home Loan Transfer Highlights – 2022 | |
Interest Rate | 6.65% onwards |
Age Criteria | Min. 18 years & Max. 70 years |
Loan Tenure | Depends on the outstanding amount |
Processing Fee & Charges | 0.4% of the loan amount |
Pre-payment Charges | Nil |
Nationality | Indian |
CERSAI Fee | Rs. 50 for loans above Rs. 5 lakh |
Note: The mentioned interest rates, fees, and charges are subject to change and depend on the sole discretion of the company and RBI. GST and service tax shall be levied extra on the mentioned charges.
SBI Home Loan Balance Transfer Interest Rate
Interest Rates for SBI Regular Home Loans*
CIBIL Score | Term Loan | Maxgain |
>=800 | 6.65% | 7.05% |
750-799 | 6.75% | 7.15% |
700-749 | 6.85% | 7.25% |
650-699 | 6.95% | 7.35% |
550-649 | 7.15% | 7.55% |
NTC/No CIBIL Score/-1 | 6.85% | 7.25% |
*Includes Flexipay, NRI Home Loan, Home Loans to Non-Salaried – Differential Offering, Privilege/ Shaurya and Apon Ghar

Get Home Loan at the Lowest Interest Rate from Top Lenders Apply Now
Some of the key features of SBI Home Loan Balance Transfer (HLBT) are as follows:
- Attractive Interest Rates
- Low Processing Fee
- No Hidden Charges
- No Pre Payment Penalty
- Interest charges on Daily Reducing Balance
- Concession of interest rates for Women Borrowers
Transferring your home loan to another lender helps you in getting additional offers at low-interest rates which reduces your home loan obligation. The home loan transfer facility helps you in avoiding the higher interest rate of your home loan provider and provides you the facility to switch to a new lender who is offering a home loan at a lower interest rate as compared to the existing lender.
SBI Balance Transfer Documents Required:
- Duly filled application form
- 3 passport size photographs
- Employer Identity Card
- Identity Proof: PAN card/ Passport/ Driver’s License/ Voter ID card (Anyone)
- Residence Proof: Passport, driving license, Aadhar card, or a recent copy of telephone bill/ electricity bill/water bill/piped gas bill (anyone)
Property Papers:
- Sale Agreement – Registered
- No Objection Certificate (NOC) from Society/Builder
- Registered agreement for sale
- Occupancy Certificate
- Only for residents of Maharashtra – Share Certificate
- Maintenance Bill, Electricity Bill, property tax receipt
- All old Agreements for sale
Income Proof for Salaried:
- Last 3 months’ Salary Slips
- Copy of Form 16 for last 2 years
- Copy of IT Returns for last 2 financial years
- Last 6 months Bank Account Statement
Income Proof for Non-Salaried:
- Business address proof
- IT returns for last 3 years
- Balance Sheet & Profit & loss A/c for last 3 years
- Business Licence Details (or equivalent)
- TDS Certificate (Form 16A, if applicable)
- Certificate of qualification (for C.A./ Doctor and other professionals)
Documents from the other Bank:
- Sanction Letter
- Interim Period Security
- List of original documents held at Bank
- Loan a/c statement for the past year
Home Loan Balance Transfer Calculator
Transferring your existing home loan to another bank for more savings could not get any simpler. At paisabazaar.com you have the option of transferring your existing home loan. Things that you can avail from performing balance transfer online that includes
Compute: Enter your loan details and know more about your new savings.
Compare: View all the available offers online.
Apply: Select the offer you find most suitable and apply online.
Applying for Home Loan Balance Transfer Online
Interested applicants can apply for Home Loan Balance Transfer by logging on to Paisabazaar.com and completing the online application process of the balance transfer. Applicants can check and compare numerous home loan deals offered at attractive rates of interest with a low processing fee.