| SBI Home Loan Balance Transfer Highlights 2022 | |
| Interest Rates | 8.05% p.a. onwards |
| Repayment Tenure | Depends on outstanding amount |
| Processing fee | 0.35% of loan amount (Rs 2,000-Rs10,000) + GST (50% waiver in basic processing fee) |
Note: Interest rates as of 18th August 2022
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Table of Contents
SBI Home Loan Balance Transfer Interest Rates
Interest Rates for SBI Regular Home Loans*
| CIBIL Score | Interest Rates (p.a.) |
| >= 800 | 8.05% |
| 750-799 | 8.15% |
| 700-749 | 8.25% |
| 650-699 | 8.35% |
| 550-649 | 8.55% |
| NTC/No CIBIL Score/-1 | 8.25% |
Interest Rates for SBI Max Gain
| CIBIL Score | Interest Rates (p.a.) |
| >= 800 | 8.45% |
| 750-799 | 8.55% |
| 700-749 | 8.65% |
| 650-699 | 8.75% |
| 550-649 | 8.95% |
| NTC/No CIBIL Score/-1 | 8.65% |
*Includes Flexipay, NRI Home Loan, Home Loans to Non-Salaried – Differential Offering, Privilege/ Shaurya and Apon Ghar
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Interest Rates for SBI Maxgain
| Cibil Score | Interest Rates |
| >=800 | 7.95% p.a. |
| 750-799 | 8.05% p.a. |
| 700-749 | 8.15% p.a. |
| 650-699 | 8.25% p.a. |
| 550-649 | 8.45% p.a. |
| NTC/No Cibil Score/-1 | 8.15% p.a. |
Note:
- 5% concession available to women borrowers subject to minimum EBR, 7.55%.
- Premium of 10 bps to card rate for loans up to Rs 30 lakhs for LTV > 80% and < = 90%.
- 5 bps concession under privilege home loan if maintaining a salary account with SBI under salary package.
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SBI Home Loan Balance Transfer Eligibility Criteria
- Resident Type: Resident Indian
- Minimum Age: 18 years
- Maximum Age: 70 years
- Extended Loan Tenure
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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/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 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 applicant/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)
Documents from other bank:
- List of original documents held at Bank
- Loan a/c statement for the past one year
- Sanction Letter
- Interim Period Security
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