SBI Privilege Home Loan

SBI Privilege Home Loan Highlights – 2025
Interest rates	8.00% p.a. onwards
Loan amount	Based on credit profile of the loan applicants
Loan tenure	Up to 30 years
Processing fee	NIL

Note: Interest rates as on 21 April 2025.

SBI Privilege Home Loan Interest Rates

SBI has not set any separate interest rates for its Privilege Home Loan scheme. Thus, the interest rates for SBI Privilege Home Loan starts from 8.00% p.a.

Compare 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

Also Check: Home Loan EMI Calculator

SBI Privilege Home Loan Fees and Charges

Processing fee and prepayment charges

Processing fee	NIL
Prepayment charges	NIL

Click here to know detailed fees and charges of SBI Home Loan

SBI Privilege Home Loan Eligibility Criteria

Borrower profile	Indian Resident
Minimum age	18 years
Maximum age	75 years (at the time of loan maturity)

SBI Privilege Home Loan Documents Required

For all applicants:

• Employer Identity Card
• Completed loan application form duly filled in and affixed with 3 Passport size photographs
• Identity Proof (any one): PAN Card/ Passport/Driver’s License/Voter ID.
• Residence Proof (any one): Recent copy of telephone bill/electricity bill/water bill/piped gas or copy of Passport/Driver’s License/Aadhaar Card.

Property papers:

• Permission for construction (wherever applicable)
• Registered agreement for sale (only for Maharashtra)/ Allotment letter/ Stamped agreement for sale.
• Occupancy certificate (in case of move-in property)
• Share certificate (only for Maharashtra), Maintenance bill, Electricity bill, property tax receipt.
• Approved plan copy (Xerox blueprint) and Registered Development agreement of the builder, Conveyance deed (for new property).
• Payment receipt or bank account statement showing all the payments made to Builder/seller.

Account statement:

• Last 6 months bank account statements for all bank accounts held by the applicant(s).
• If any previous loans from other banks/lenders, then loan account statement for last one year.

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

• Salary slip or salaried 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 department.

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

• Business address proof
• IT returns for last 3 years
• Balance sheet and profit & loss account for last 3 years
• Business License details (or equivalent)
• TDS Certificate (Form 16A, if applicable)
• Certificate of qualification (for C.A, Doctors and other professionals)

FAQs on SBI Privilege Home Loan

1. How do I apply for SBI Privilege Home Loan?
Ans. Prospective applicants can apply for SBI Privilege Home Loans either by visiting SBI’s website or by going to the bank branch. However, you can compare the home loan offers provided by other banks/HFCs based on your income, credit score, etc.

2. Can non-government employees also avail SBI Privilege Home Loans?
Ans. No. SBI has designed its Privilege home loan scheme exclusively for government employees. The definition of ‘government employees’ under this scheme comprises of employees of central/state government, including public sector banks, public sector undertakings of the central government and other individuals having pensionable service.

3. Is it compulsory to have a co-applicant in SBI Privilege Home Loan?
Ans. Home loan lenders usually make co-applicant mandatory only when the property is jointly owned. In case of availing home loans for properties with joint ownership, the co-owner(s) has to be included as co-applicants. For properties not jointly-owned, primary loan applicants can increase their home loan eligibility or avail higher loan amount by adding earning members of his family as co-applicant(s).

4. What is the minimum/maximum home loan amount offered under SBI Privilege Home Loans?
Ans. SBI has not specified the minimum or maximum amount for its Privilege home loan scheme. The loan amount would primarily depend on the value of the home property, the LTV ratio set for the property and the applicant’s repayment capacity.