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SBI Privilege Home Loan

State Bank of India (SBI) offers Privilege Home Loan exclusively to employees of central and state governments and employees of Central Public Sector Undertakings (PSUs) and Public Sector Banks (PSBs). Individuals with pensionable services are also eligible for this home loan scheme. State Bank of India (SBI) Privilege Home Loan interest rates start from 8.00% p.a. for tenure of up to 30 years. The loan amount is determined based on the applicant’s income, age, repaying capacity, assets, liabilities, cost of proposed house/flat, etc. The bank also offers an overdraft facility, branded as Maxgain, to SBI Privilege loan applicants purchasing ready to move-in properties.
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Lowest interest rates starting from 7.1%

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Competitive Interest Rates

Starting 7.10% p.a.

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Offers from 25+ Banks & HFCs

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HDFC Bank
Min Loan Amt. ₹15L
Rate of Interest7.2% - 13.2%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
ICICI Bank
Min Loan Amt. ₹15L
Rate of Interest7.65% - 9.80%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
Axis Bank
Min Loan Amt. ₹30L
Rate of Interest8.35% - 11.90%
Tenure uptoUpto 30 Years
Processing Fee₹ 14,000
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How Can I Apply for a Home Loan Online?

Get up to ₹5 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Verify using the OTP sent to your mobile number.

Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

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SBI Privilege Home Loan Highlights – 2026

Interest rates 7.25% p.a. onwards
Loan amount Based on credit profile of the loan applicants
Loan tenure Up to 30 years
Processing fee NIL

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 7.25% 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)

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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)

How Can I Apply for a Home Loan Online?

Get up to ₹5 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Verify using the OTP sent to your mobile number.

Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

Apply Now

Explore Our Home Loan Lenders

HDFC BANKHDFC BANKAxis BankAxis BankKotak Mahindra BankKotak Mahindra BankICICI BankICICI BankFederal BankFederal BankIDFC First BankIDFC First BankIndusind BankIndusind BankRBL BankRBL BankSBI BankSBI Bank
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FAQs

How do I apply for SBI Privilege Home Loan?

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.

Can non-government employees also avail SBI Privilege Home Loans?

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.

Is it compulsory to have a co-applicant in SBI Privilege Home Loan?

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).

What is the minimum/maximum home loan amount offered under SBI Privilege Home Loans?

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.

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What our customers say

Time saving process

Office ke chalte jyada samay nahi nikal pata tha. Paisabazaar ke online process ki wajah se na hi mene banks ke rates compare karliye ghar bathe balki mera loan application aur disbursal bhi ghar bathe hi ho gaya...bank jana hi nahi pada...

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Pradeep SinghJan 7, 2026

Kam rates pe loan mila

Paisabazaar se mujhe bahut kam rate pe loan mil gaya...isse mere budget pe jada asar nahi pada aur jald hi mera apna ghar ho jayega..

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eligibility check ho jati hai free

me home loan lene ka soch raha tha uske liye mene pehle paisabazaar app se free me apni eligibility check ki..usse mujhe pata chala muje kya cheeze improve karni hai aur fir mera loan jaldi approve ho gaya.

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Home loan mila yaahaan par

Mujhe home loan chahiye tha aur yahaan par sahayta kiya inhone aur loan mila. Pehla loan tha mera lekin sab ache se ho gaya.

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Prem Prakash PandeyDec 7, 2025

Home loan here

I took home loan here and they helped me in every step specially in collecting and submitting documents at the time of approval.

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Chandan SinghDec 1, 2025

Got the best home loan interest rate

I was confused and did not have so much time to carry out all the research, so I logged in to Paisabazaar’s portal and was able to see the home loan options I was eligible for. With the assistance of Paisabazaar’s experts, I was able to find the home loan that offered the rate of interest I could afford. Thank you Paisabazaar!

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Anu BhatnagarSep 10, 2021

Excellent Home Loan Service by Paisabazaar

Ended up taking an ICICI Home Loan and I think it was one of the best decisions I ever made. I thank Paisabazaar for helping me out and answering my questions with so much patience.

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KJ ThomasSep 10, 2021

Had a great experience with Paisabazaar

I have always heard my friends talking about how tedious it was for them to avail a home loan and decide the most suitable option. But with the help of Paisabazaar, I was able to compare several home loans and opt for the one that suited my needs. I am happy that I considered Paisabazaar for helping me.

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Ritesh SharmaSep 10, 2021

quick and easy home loan process

I had never thought that applying for a home loan could be so easy. The entire process was online and I didn’t have to go anywhere for application or documentation of my home loan. Paisabazaar experts helped me navigate through the process and later the bank collected my documents and everything was quick and seamless.

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Rupanjali MishraSep 3, 2021

Satisfied experience with Paisabazaar

I am satisfied with my home loan experience with Paisabazaar. I could easily compare different home loan options and apply for the home loan. Their customer care team also called me to confirm all the details and soon after the bank contacted to take the process forward. The process was really smooth.

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Soumil KhannaSep 3, 2021
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