SBI Home Loan Highlights 2022 | |
Interest Rate | 6.65% – 7.65% |
Loan Amount | Up to 90% of property value |
Loan Tenure | Up to 30 years |
Processing Charges | 50% waiver on basic processing fee [0.35% of loan amount (Rs 2,000-Rs 10,000)] |
Table of Contents
SBI Home Loan Interest Rates 2022
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
Have ‘No’ or ‘Low’ Credit Score? Use Step UP Credit Card to Build/Improve your Credit Score.
Interest Rate of Realty Loans
CIBIL Score | Term Loan |
800 and above | 6.95% |
750-799 | 7.05% |
700-749 | 7.15% |
650-699 | 7.25% |
550-649 | 7.35% |
NTC/No CIBIL Score/-1 | 7.15% |
Interest Rate of SBI Tribal Plus Loans
CIBIL Score | Term Loan |
800 and above | 6.75% |
750-799 | 6.85% |
700-749 | 6.95% |
650-699 | 7.05% |
550-649 | 7.25% |
NTC/No CIBIL Score/-1 | 6.95% |
Interest Rate of Kerala Government Employees Scheme
Term Loan | 6.80% |
Maxgain | 7.15% |
Note:
- A concession of 5 bps is available to women borrowers subject to minimum EBR of 6.65%
- Premium of 10 bps to card rate for loans to Rs. 30 lakhs for LTV>80% and <=90%
- Top up loan is not permitted under overdraft category for loans below Rs 20 lakhs and above Rs. 2 crore
- Maxgain is available only for “Ready to Move-in” properties
- 5 bps concession under Privilege and Shaurya Home Loan and Apon Ghar Home Loan if maintaining salary account with SBI under salary package
- Interest rate on top up loan should not be below the rate of interest charged on the underlying home loan
SBI Top Up Home Loan Interest Rate (Floating):
CIBIL Score | Interest Rate (p.a.) |
800 and above | 7.05% |
750 – 799 | 7.15% |
700 – 749 | 7.25% |
650 – 699 | 7.35% |
550 – 649 | 7.65% |
Note:
- Top Up Loan is not permitted in Overdraft category for loans below Rs. 20 Lakhs and above Rs. 2 Crores
- The interest rates on Top Up Loans should not be lower than the interest rates charged on the underlying home loan
SBI Insta Home Top Up Loan Interest Rate
The interest rate for SBI YONO Insta Home Top Up Loan is 7.25% p.a.
Note:
- Top Up Loan is not permitted in Overdraft category for loans below Rs. 20 Lakhs and above Rs. 2 Crores
- The interest rates on Top Up Loans should not be lower than the interest rates charged on the underlying home loan
SBI Smart Home Top Up Loan Interest Rate
Salaried | Non-Salaried | |
Term Loan | 8.05% | 8.55% |
Overdraft | 8.55% | 9.05% |
Compare SBI Home Loan Interest Rates vs Other Lenders
Interest Rates (% p.a.) | |||
Name of Lender | Up to 30 Lakh | Above 30 Lakh & up to 75 Lakh | Above 75 Lakh |
State Bank of India | 6.65 – 7.65 | 6.65 – 7.65 | 6.65 – 7.65 |
HDFC | 7.00-8.45 | 7.00-8.60 | 7.00-8.70 |
Axis Bank | 7.00-11.90 | 7.00-11.90 | 7.00-11.90 |
ICICI Bank | 7.10-7.95 | 7.10-7.95 | 7.10-7.95 |
Kotak Mahindra Bank | 7.00 onwards | 7.00 onwards | 7.00 onwards |
PNB Housing Finance | 6.75-12.00 | 6.75-12.00 | 6.90-9.75 |
Punjab National Bank | 6.95-8.35 | 6.90-8.05 | 6.90-8.00 |
Bank of Baroda | 6.90-8.40 | 6.90-8.40 | 6.90-8.65 |
Union Bank of India | 6.90-8.65 | 6.90-8.85 | 6.90-8.85 |
IDFC First Bank | 7.10 onwards | 7.10 onwards | 7.10 onwards |
L&T Housing Finance | 6.75 – 7.75 | 6.75 – 7.75 | 6.75 – 7.75 |
Bajaj Housing Finance | 6.65 onwards | 6.65 onwards | 6.65 onwards |
Godrej Housing Finance | 6.94-9.99 | 6.94-9.99 | 6.94-9.99 |
Tata Capital | 7.15 onwards | 7.15 onwards | 7.15 onwards |
LIC Housing Finance | 6.90-8.00 | 6.90-8.20 | 6.90-8.40 |

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Processing Fees and Charges for SBI Home Loan
SBI Home Loan Processing Fee is nil on home loans in approved projects. The other SBI housing loan charges are as follows:
Processing Fees | 50% waiver on basic processing fee [0.35% of loan amount (Rs 2,000-Rs 10,000)] |
Pre-payment Charges | NIL |
CERSAI Charges | Up to Rs 5 lakh- Rs 50 Above Rs 5 lakh-Rs 100 |

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Types of SBI Home Loan
SBI Home Loan
Purpose: For purchase of already built/under construction property, purchase of pre-owned homes, house construction and for carrying out repair/renovation/extension of house
Tenure: Up to 30 years
Home Loan Balance Transfer
Purpose: For transfer of existing home loan from other banks/NBFCs to State Bank of India at lower interest rates.
To know SBI home loan balance transfer interest rates, Click here
NRI Home Loan
Purpose: For purchase/construction of homes by NRIs
Tenure: Up to 30 years
Flexipay Home Loan
Purpose: Makes salaried applicants eligible for higher loan amount by allowing them to repay lower EMI during the initial years of the loan tenure and higher EMIs during the subsequent years. SBI Flexipay Home Loan also offers the option of repaying only the interest component during the moratorium period.
Tenure: Up to 30 years
Privilege Home Loan
Purpose: It is a home loan scheme exclusively designed for the employees of Central/State Government, Public Sector Banks, Public Sector Undertaking and also for other applicants with pensionable service.
Tenure: Up to 30 years
Shaurya Home Loan
Purpose: Special home loan scheme designed for Army and Defense Personnels with lower interest rates.
Tenure: Up to 30 years
Pre-Approved Home Loan
Purpose: This facility offers pre-approved loan sanction to the loan applicants even before the finalization of their properties, which allows the applicants to confidently negotiate with the builders/sellers.
Tenure: Up to 30 years
Also Know: Benefits of Pre-approved Home Loan
Realty Home Loan
Purpose: For plot purchase to construct a residential unit
Loan Amount: Up to Rs 15 crore
Tenure: Up to 10 years
To know about SBI plot loan Click here
Top-up Home Loan
Purpose: This facility offers additional loan amount over and above the existing home loan, for any personal use.
Tenure: Up to 30 years
YONO Insta Home Top-up Loan
Purpose: This is a pre-approved top-up home loan facility offered to pre-select existing home loan borrowers of SBI. The pre-select borrowers can avail instant top-up home loan through a completely digital process over the SBI YONO app.
Home Loan to Non-Salaried- Differential Offerings
Purpose: This is a special home scheme designed with keeping the unique requirements for non-salaried applicants.
Loan Amount: Rs 50,000-Rs 5 crore
Tenure: Up to 30 years
SBI Tribal Plus
Purpose: This is a special SBI home loan scheme designed for applicants residing in tribal/hilly areas.
Loan Amount: Up to Rs 10 lakh
Tenure: Up to 15 years
Eligibility Criteria for SBI Home Loan
- Age: 18-70 years
- Nationality: Indian/NRI/PIO
For NRIs
- Age: 18-60
- Nationality: NRI and Person of Indian Origin
For Flexipay Home Loan
- Age: 21-45 years for loan application and up to 70 years for repayment
- Nationality: Indian
For Privilege Home Loan/Shaurya Home Loan
- Age: 18-75 years
- Nationality: Indian
For Realty Home Loan
- Age: 18-65 years
- Nationality: Indian
For YONO Insta Home Top-up Loan
Pre-selected customers based on various credit checks such as satisfactory repayment, residual loan tenure, etc.
SBI Home Loan to Non-Salaried
If the applicant is a proprietor in a proprietorship firm or is one of the partners in a partnership firm or is a Director in some company/firm
- Should be in existence for at least 3 years
- Should have earned Net Profit in the past 2 years
- Regular and standard existing credit facilities
- If the proposed house property is jointly acquired by proprietor and proprietary firm, the firm should be debt free or existing borrower
For Tribals
- Age: 21-60 years
- Nationality: Indian
Documents Required for SBI Home Loan
General Documents
- ID card of the employer
- Duly filled application form with 3 passport sized photographs
- ID Proof: PAN/Voter ID/Passport/Driving License
- Address Proof: Copy of telephone bill/electricity bill/water bill/piped gas bill/passport copy/Aadhar card
Property Papers
- Permission for construction
- Sale agreement Registered (only Maharashtra), Allotment letter, Stamped Sale Agreement
- Occupancy certificate (ready to move in), maintenance bill, electricity bill, property tax receipt
- Copy of plan approved
- Registered Development Agreement of the builder
- Conveyance Deed
- Bank account details or payment receipts for payments made for the builder
Account Statement
- Bank account statement for last 6 months for all bank accounts
- Loan account statement for last 1 year for previous loan from other financial institutions
Income Proof for Salaried Applicant/Co-applicant/Guarantor
- Last 3 months salary slip/certificate
- Copy of ITR/Form 16, acknowledged by IT Department
Income Proof for Non-Salaried Applicant/Co-applicant/Guarantor
- ITR for last 3 years
- Business Address Proof
- Profit and loss account and balance sheet for last 3 years
- TDS Certificate (Form 16)
- Qualification Certificate for CA, Doctors and other professionals
- Business License Details
Note: There are some lenders that offer home loans to those who do not have sufficient income proofs or receive their salaries in cash. Some of these banks and HFCs are PNB Housing Finance, HDFC, LIC Housing Finance, Piramal Housing Finance and IDFC First Bank.

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FAQ
1. What is the turnaround time for the disbursement of SBI Home Loan?
Ans. SBI claims to take 3-10 working days on an average for disbursing home loans after the completion of documentation process and other required procedures.
2. Can I apply jointly with my spouse? Will the bank consider both our salaries for calculating the loan amount?
Ans. Yes, you can apply jointly with your spouse. The salary of your spouse will be considered only if he/she becomes a co-applicant in the home loan. If your spouse is a co-owner of the property, then he/she has to become co-applicant in the home loan.
3. Are there any concessions offered to women borrowers on SBI Home Loan interest rate?
Ans. SBI offers interest rate concession of 0.05% p.a. to women borrowers.
4. Can I choose between a fixed and floating interest rate?
Ans. SBI offers home loans at floating rates of interest only.
5. What are the parameters that determine an applicant’s home loan eligibility?
Ans. The applicant’s home loan eligibility depends upon the age, credit score, job profile, employer’s profile, monthly income, repayment capacity, etc.
6. Can I get an in-principal approval and actually avail the loan later?
Ans. Yes, SBI offers in-principal home loan approval based on the repayment capacity and income of the applicants. This helps you know how much funds the bank would make available to you which makes the entire process of identifying and purchasing the property easier.