SBI Home Top Up Loan

SBI Home Top Up Loan Highlights
Interest Rates	8.90% – 10.45% p.a.
Tenure	Up to 30 years
Processing Fees	0.35% of loan amount, minimum Rs 2,000 to maximum Rs 10,000, plus applicable GST (50% waiver in processing fees applicable till 31st December 2023)

SBI Home Top Up Loan Interest Rates

The interest rates for SBI Home Loan Top Up is between 8.90% and 10.45% p.a. The SBI Home Loan Interest Rates for top up loans are offered on the basis on the loan applicants’ credit scores. The detailed breakup of the interest rates for SBI Top Up Loan are given below:

Term Loan Facility 

Campaign Rates (valid up to 31st December 2023)  

CIBIL Score	Interest Rate (p.a.)
800 and above	9.10%*
750 – 799	9.10%*
700 – 749	9.30%*
650 – 699	9.85%
550 – 649	10.15%
151 – 200**	9.30%*
101 – 150**	9.85%
NTC/No CIBIL Score/-1	9.30%*

Note: *20 bps concession over the above proposed rates for Home Loan Balance Transfer and ready to move-in properties (for CIBIL Score of 700 and above)

**Score bands of 101-150 & 151-200 assigned by CIBIL for new to credit customers.

Also Check CIBIL Score for SBI Loans

Card Rates 

CIBIL Score	Interest Rate (p.a.)
750 and above	9.55%
700 – 749	9.75%
650 – 699	9.85%
550 – 649	10.15%
NTC/No CIBIL Score/-1	9.75%

Overdraft Facility

CIBIL Score	Interest Rate (p.a.)
750 and above	9.85%
700 – 749	10.05%
650 – 699	10.15%
550 – 649	10.45%
NTC/No CIBIL Score/-1	10.05%

Note: Top Up Loan is not permitted in overdraft category for loans above Rs 2 Crores

SBI Home Top Up Loan Fees and Charges

The processing fees and charges for availing SBI Home Loan Top Up are as follows:

Particulars	Rates
Pre Payment Penalty	Nil
Processing Charges	0.35% of loan amount, minimum Rs 2,000 to maximum Rs 10,000, plus applicable GST (50% waiver in processing fees applicable till 31st December 2023)

Eligibility for SBI Home Top Up Loan

The eligibility criteria set for top up loans from SBI is similar to the SBI Home Loan Eligibility criteria set for other schemes. Following are the eligibility criteria set for availing SBI Top Up Loan:

• Both resident Indians and NRIs are eligible
• Minimum Age: 18 years
• Maximum Age: 70 years

Loan applicants looking to avail a top up loan can use the home loan EMI calculator to find out the optimal tenures and EMIs for their home loan top up based on the loan applicant’s repayment capacity.

Documentation Required for SBI Home Top Up Loan

The documentation for top up loan from SBI is very similar to the SBI Home Loan documents required for other schemes. The list of documents needed for SBI Home Top Up Loan are as follows:

For Loan Applicant

• 3 Passport size photographs
• Employer Identity Card
• Identify Proof (photocopies of Passport/Voter ID card/IT PAN card/Driving license)
• Residence Proof (photo copies of recent Electricity Bill/Telephone Bills/Passport/Property tax receipt/Voter ID card)
• Completed loan application
• Business address proof for the non-salaried individuals
• Bank Account/Pass Book statement for last six months
• Personal statement of assets and liabilities
• Signature identification from present bankers

For Loan Guarantor

• 2 Passport size photographs
• Personal statement of assets and liabilities
• Residence Proof (photo copies of recent Electricity Bill/Telephone Bill/Passport/Property tax receipt/Voter ID card)
• Signature identification from present bankers
• Identify Proof (photocopies of Passport/Voter ID card/IT PAN card/Driving license)
• Business address proof for the non-salaried individuals

Additional Documents required for Salaried individuals

• Original Salary Certificate from their employer
• TDS certificate on Form 16 or a copy of IT Returns for the last 2 financial years (acknowledged by the IT department)

Additional Documents required for Self-Employed, Professionals or Other IT Assesses

• Acknowledged copies of 3 year IT returns/Assessment Orders
• Photocopies of challans as evidence for payment of Advance Income Tax