SBI Home Loan Interest Rate - November 2026 - Latest Rates

SBI offers home loans to salaried and self-employed borrowers. The SBI home loan interest rate offered to you depends mainly on your credit score and loan eligibility. SBI has recently increased its lending rates by 0.25% following the RBI’s repo rate hike on 7th October 2026. SBI home loan interest rates range from 7.50% to 8.80% p.a. as of 15th October 2026.

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Competitive Interest Rates

7.50% onwards

Low Processing Fee

0.35% of Loan Amount

Long Repayment Tenure

Up to 30 Years

Concession for Women Borrowers

0.05% Lower Rate

Competitive Interest Rates

7.50% onwards

Low Processing Fee

0.35% of Loan Amount

Long Repayment Tenure

Up to 30 Years

Concession for Women Borrowers

0.05% Lower Rate

SBI Home Loan Interest Rates - November 2026

Particulars	Details
Regular Home Loan	7.50% – 8.80% p.a.
Home Loan MaxGain (Overdraft)	8.00% – 9.30% p.a.
Top-up Loan	8.00% – 10.75% p.a.
Rate Type	Floating, linked to EBLR
SBI EBLR	8.15% + CRP + BSP (w.e.f. 15th Oct 2026)
RBI Repo Rate	5.50%
Concession for Women	0.05%
Last Revision	+0.25%, effective 15th Oct 2026

SBI Home Loan Interest Rates for Different Schemes

Home Loan Schemes	Interest Rate (p.a.)*
Home Loan (TL)	7.50% - 8.80%
SBI Home Loan Maxgain (OD)	8.00% - 9.30%
SBI Home Loan Top-up	8.00% - 10.75%
Top-up (OD) Loan	8.50% - 11.25%
Loan Against Property (P-LAP)	9.20% to 10.75%
Reverse Mortgage Loan (RML)	10.55%
YONO Insta Home Top-up Loan	8.35%

The rates apply from 15-october-2026. The interest rate offered depends on your credit score and overall financial profile. Applicants with a stronger credit history may qualify for lower rates.

Last Updated: 12 November 2026

SBI Home Loan Interest Rate by CIBIL Score

SBI considers your CIBIL score when setting your home loan interest rate. A better score may help you get a lower rate, while a lower score could mean higher borrowing costs.

CIBIL Score	Salaried (% p.a.)	Non-Salaried (% p.a.)
825 and above	7.50%	7.50%
780 – 824	7.75%	7.85%
750 – 779	7.85%	7.95%

SBI Top-Up Loan Interest Rates by CIBIL Score

CIBIL Score	Up to Rs. 5 Crore (% p.a.)	Above Rs. 5 Crore (% p.a.)
825 and above	8.00%	9.20%
780 – 824	8.25%	9.35%
750 – 779	8.35%	9.35%

SBI P-LAP (Property Loan) Interest Rates by CIBIL Score

CIBIL Score	Interest Rate (% p.a.)
825 and above	9.20%
750 – 824	9.35%

Additional concessions and charges:

Women borrowers may receive a 0.05% reduction in the interest rate.
A 0.05% concession may also apply to ready-to-move-in homes, resale properties, eligible home loan balance transfers and certain top-up loans.
For top-up loans, non-salaried borrowers with a CIBIL score below 825 may be charged an additional 0.10%.

How the interest rate affects your EMI

The difference between the lowest rate of 7.50% and the highest rate of 8.80% is 1.30 percentage points.
On a Rs. 50 lakh home loan for 20 years, this could mean an EMI of approximately Rs. 40,280 at 7.50% or Rs. 44,345 at 8.80% - a difference of around Rs. 4,065 per month.
Over the entire loan tenure, the borrower would pay approximately Rs. 9.74 lakh in additional interest at the higher rate.

Your final interest rate will depend on SBI's applicable terms and your credit profile.

How SBI Home Loan Rates Are Set – EBLR, RLLR & Repo Rate

SBI home loan with floating interest rates are linked to external benchmarks, so the rate may change when the benchmark is revised.

Repo rate: The RBI policy rate used as a reference for lending benchmarks.
EBLR: SBI’s External Benchmark Lending Rate is 8.15%, based on the repo rate plus 2.65%, with applicable credit risk and business strategy premiums.
RLLR: SBI’s Repo Linked Lending Rate is 7.75% plus the applicable credit risk premium.
Loan rate: SBI determines your final rate based on the relevant benchmark and applicable spread, which depends on your credit profile and loan terms.

Why the rate changed in October 2026

RBI raised the repo rate by 0.25 percentage points on 7th October 2026. SBI subsequently increased its EBLR from 7.90% to 8.15%, effective 15th October 2026.

As a result, borrowers with EBLR-linked home loans may see their interest rates rise by 0.25 percentage points when their loans are reset. External-benchmark-linked loans must be reset at least once every three months, although the exact impact depends on the loan's terms and reset date.

What the October 2026 Rate Hike Means for Your EMI

When the rate rises from 8.00% to 8.25%, with 20 years remaining:

Outstanding loan	EMI at 8.00%	EMI at 8.25%	Extra EMI interest over 20 years
Rs. 30 lakh	Rs. 25,093	Rs. 25,562	Rs. 1.13 lakh
Rs. 50 lakh	Rs. 41,822	Rs. 42,603	Rs. 1.88 lakh
Rs. 80 lakh	Rs. 66,915	Rs. 68,165	Rs. 2.93 lakh
Rs. 1 crore	Rs. 83,644	Rs. 85,207	Rs. 4.13 lakh

Raise the EMI or extend the tenure? By default, banks often keep your EMI unchanged and modify your tenure.

Option (Rs. 50 lakh, 20 yrs left, 8.00% → 8.25%)	Extra interest over the loan
Increase the EMI by Rs. 781 and keep the tenure constant	Rs. 1.9 lakh
Keep the EMI constant and extend the tenure by ~12 months	Rs. 5.0 lakh

If your budget allows, ask SBI to increase your EMI instead of extending your tenure.

SBI Home Loan EMI at Current Interest Rates

EMI at SBI's starting rate of 7.50% p.a.:

Loan amount	10 years	15 years	20 years	25 years	30 years
Rs. 10 lakh	Rs. 11,870	Rs. 9,270	Rs. 8,056	Rs. 7,390	Rs. 6,992
Rs. 20 lakh	Rs. 23,741	Rs. 18,540	Rs. 16,112	Rs. 14,780	Rs. 13,984
Rs. 30 lakh	Rs. 35,611	Rs. 27,810	Rs. 24,168	Rs. 22,170	Rs. 20,976
Rs. 50 lakh	Rs. 59,352	Rs. 46,351	Rs. 40,280	Rs. 36,950	Rs. 34,961
Rs. 75 lakh	Rs. 89,027	Rs. 69,526	Rs. 60,420	Rs. 55,424	Rs. 52,441
Rs. 1 crore	Rs. 1,18,703	Rs. 92,701	Rs. 80,560	Rs. 73,899	Rs. 69,921

How to Get the Lowest SBI Home Loan Interest Rate

Maintain a good CIBIL score: Your credit history and score can affect the interest rate SBI offers.
Check women’s loan benefits: Eligible women borrowers may qualify for an interest rate concession.
Make a larger down payment: Borrowing a smaller share of the property’s value may reduce the risk for the lender.
Choose the right loan type: Compare SBI’s regular home loan with MaxGain, especially if you plan to keep surplus funds in the linked account.
Check special loan schemes: Government employees and defence personnel may be eligible for schemes such as Privilege or Shaurya, subject to the applicable criteria.
Manage existing EMIs: Lower monthly debt obligations can improve your repayment capacity.
Compare interest rates: Review SBI’s offer alongside rates from other lenders before deciding. You can use Paisabazaar to compare available options.

Existing SBI Borrower? How to Lower Your Interest Rate

Review your interest rate: If your CIBIL score has improved or your home loan carries an older, higher spread, enquire with SBI whether you can switch to a lower rate. A conversion fee may apply.
Make part-prepayments when possible: Paying off a part of your principal can reduce your outstanding balance and overall interest cost. Floating-rate home loans to individuals generally have no prepayment penalties, subject to applicable rules.
Compare balance transfer offers: Moving your loan to another lender may save money if the lower interest rate outweighs processing fees and other charges.
Download your interest certificate: Get it from SBI’s online banking or loan services to check the interest paid and use the relevant details when filing your income tax return.

SBI Home Loan Processing Fees & Charges

Particulars	Amount
Home Loan & Top-up Home Loan	Salaried Customers: 0.35% of the loan amount, subject to a minimum fee of Rs. 5,000 and a maximum of Rs. 15,000, plus applicable GST Non-Salaried Customers: 0.35% of the loan amount, subject to a minimum fee of Rs. 5,000 and a maximum of Rs. 18,000, plus applicable GST
Loan against Property (P-LAP)	0.35% of the loan amount, Minimum Rs.3,000/- and Maximum of Rs. 12,000 + GST
YONO Insta Home Top-up loan	Rs. 3,000 + GST
Suraksha Loan	Nil
Privilege & Shaurya Home Loans	Nil
Processing fee for conversion from Term loan to Maxgain and vice versa	Rs. 5000 + GST
Processing fee for switchover from MCLR / SBAR / Base Rate to EBLR regime	Rs. 5000 + GST
Processing Fee for Revalidation of Loans	Rs. 5000 + GST

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FAQs

What is the current SBI home loan interest rate?

SBI home loan interest rates for regular loans range from 7.50% to 8.80% per annum, effective 15th October 2026. The rate offered to you depends on your CIBIL score and other eligibility criteria.

Why did SBI increase home loan interest rates in October 2026?

SBI revised its lending benchmark following the reported 0.25 percentage point increase in the RBI repo rate on 7 October 2026. Its EBLR rose from 7.90% to 8.15% on 15 October 2026, potentially increasing borrowing costs for customers whose loans are linked to this benchmark.

What is SBI's current EBLR?

SBI's External Benchmark Lending Rate (EBLR) is 8.15%, plus the applicable Credit Risk Premium (CRP) and Business Strategy Premium (BSP), effective 15 October 2026. This figure comprises a 5.50% repo rate and a 2.65 percentage point spread. SBI's Repo Linked Lending Rate (RLLR) is 7.75% plus the applicable CRP.

Will my existing SBI home loan EMI increase?

If your loan's applicable interest rate rises during the next reset, SBI may increase your EMI, extend your repayment period or adjust both. Increasing the EMI generally helps reduce total interest compared with extending the tenure, although the exact savings depend on your outstanding balance, interest rate and remaining loan term.

Does my CIBIL score affect the SBI home loan interest rate?

Yes. Your CIBIL score is one of the factors SBI considers when determining your home loan rate. Applicants with stronger credit profiles may qualify for lower rates, while those with lower scores may be charged more, depending on SBI's applicable pricing rules.

What is the SBI home loan interest rate for women?

Eligible women borrowers may receive an interest rate concession of 0.05 percentage points when applying as the sole borrower or as a joint borrower. The concession is subject to SBI's current terms and eligibility conditions.

What is the SBI home loan interest rate for government employees?

Eligible government employees may apply for SBI's Privilege Home Loan scheme. The applicable interest rate follows SBI's current pricing structure, while other benefits depend on the scheme's eligibility requirements.

Does SBI offer fixed-rate home loans?

SBI's standard home loans are generally offered at floating interest rates linked to an external benchmark. This means the applicable rate can change when the benchmark is revised. Check directly with SBI for the latest information on any fixed-rate or hybrid loan options.

How often does SBI revise its home loan interest rates?

SBI may revise its benchmark rates when the underlying reference rate changes. For loans linked to an external benchmark, RBI rules require interest rate resets at least once every three months. The date on which a change affects your loan depends on its reset schedule.

What is the SBI MaxGain home loan interest rate?

SBI MaxGain is an overdraft-linked home loan that allows borrowers to reduce interest costs by maintaining surplus funds in the linked account. Its interest rate may differ from that of a regular home loan.