A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • SBI Home Loan

    SBI Home Loan
     4.0 / 5.0   by 303 users
    Used this product? Write a review >>

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    State Bank of India (SBI), the world’s largest bank, has many home loan schemes tailored to the needs of customers including SBI Maxgain, SBI Realty, SBI Home Plus & NRI Home Loans. Some of the advantages of an SBI housing loan are low interest rates with interest on daily reducing balance, low processing fees, no hidden cost & no administrative charges, plus zero prepayment penalties. View more details about SBI home loan below.


    You’re probably eligible for an SBI Home Loan if you are

    01
    02
    03
    04
    SBI Home Loan Minimum Age

    At least 18 years old

     SBI Home Loan Maximum Age

    Less than 70 years old

    SBI Home Loan Eligible Employment Type

    Salaried / Self-employed
    with regular income

    SBI Home Loan Minimum Income

    Earn more than the minimum
    income required


    Your SBI Home Loan amount eligibility is based on these factors

    01
    02
    03
    SBI Home Loan Minimum Salary

    EMI limited to about 50%
    of monthly income

    SBI Home Loan Maximum Loan to property value

    Loan capped @ 75% to 80%
    of property value

    SBI Home Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible SBI Home Loan amount by these steps

    01
    02
    03
    SBI Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    SBI Home Loan Maximum Tenure

    Choose longer tenure loan up to 30 years

    SBI Home Loan Add parents as Co-applicant

    Alternatively add your parents


    Documentation needed to apply for an SBI Home Loan

    • 1. Signed application form with photograph
    • 2. ID and residence proof
    • 3. Processing fee cheque
    • 4. Last 6 months bank statements
    • 5. Documentation for salaried applicants:
      • Last 3 months salary-slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:

      • Education qualification certificate & proof of business existence
      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    SBI Home Loan Interest RatesUpdated on 01 Aug 2015

    SBI Home Loan Details
    Interest Rate (Floating) For women - 9.70%
    For others - 9.75%
    Processing Fees 0.25% of Loan amount (Minimum Rs. 1000, Maximum Rs. 10,000)
    Loan Tenure 30 years
    Pre-closure Charges Nil

    Overview of SBI:

    State Bank of India (SBI) is a government owned banking and financial service organization. The bank is headquartered in Mumbai and is the largest banking institution of India in terms of assets. The bank has a massive presence in the country with over 17,000 branches spread across the nation’s length and breadth. Not only this, the bank has a huge international presence too with branches in over 34 countries of the world. SBI caters to a large base of individual and corporate clients and has operations in the fields of personal banking, investment banking, corporate banking, asset management and so on.

    SBI Home Loans:

    State Bank of India provides a range of home loan products to suit the individual needs and preferences of its customers. Various surveys and consumer awards have conferred the title of ‘The most preferred Home Loan Provider’, to SBI. Low interest rates, flexible payment options and zero hidden charges are some of the features that lend to the popularity of SBI home loans.

    With thousands of branches spread across various geographical locations has made SBI one of the most accessible banks to obtain a loan from.

    Why apply for a SBI Home Loan through BankBazaar?

    Applying for a home loan can sometimes become a great hassle if you do not have all the information required to choose the correct option. Since SBI offers a host of home loan schemes, opting for the best-suited and most applicable scheme can become a massive task. BankBazaar provides you with all the right information required to obtain a loan. Not only this, BankBazaar also helps you in asking the right questions, calculating your EMIs (through online calculators) and in comparing the rates of different home loan schemes.

    New Lowest Interest Rate: The State Bank of India has reaffirmed its commitment to assist in the progress of India’s women folk, offering a newly launched home loan scheme at an interest rate of just 9.85% per annum that applies exclusively for women. The remaining borrowers can procure similar SBI home loans at an interest rate of 9.90% per annum (for others), a number that qualifies home loans from SBI as a very competitive loan option.

    SBI Home Loan Schemes:

    SBI offers a wide range of home loan products to its customers. You can choose the best home loan scheme that suits your budget and requirement. SBI home loans come with exclusive packages and benefits to cater to the home finance needs of all its customers. Following are some of the home loan options available from SBI.

    • SBI MaxGain Home Loan:
    • The SBI MaxGain home loan aims to enable its customers to reduce their interest burden at no extra cost. This home loan acts as an overdraft account too, giving the customer privilege to withdraw and deposit amounts depending upon their cash availability. Bank provides internet banking and cheque book facility with this home loan. Excess funds when parked with this account impact the overall principal and the associated interest. Also, a customer can choose to withdraw amount from the linked account in case of excess parked funds.


      Features:
      • Min. Loan Amount – 5 lacs
      • Max. Loan Amount – No upper limit
      • Interest Rate – 0.25% over and above the existing home loan interest
      • Higher Liquidity, Savings on total interest paid
      • Pre-closure Charges - Nil
      • Interest Rate – Floating 10.15%

    • SBI Yuva Home Loan
    • This SBI home loan is tailored especially for individuals who are young and generally taking loan for their first home. The age eligibility is between 21-45 years. This loan grants an amount which is 20% over and above the regular loan amount. This home loan is ideal for fresh professionals and government employees. Under this scheme the home loan full repayment starts only after 36 month from the date of availing the loan. For the first 36 months only interest needs to be repaid.


      Features:
      • Eligibility – 21-45 years
      • Minimum Income – Rs.30,000 per month
      • Pre-closure Charges - Nil
      • Interest Rate – Floating 10.15%

    • SBI NRI Home Loan
    • As the name itself suggests, the NRI loan is tailored for Non-Resident Indians (NRIs) and for People of Indian Origin (PIOs). This loan is given to an individual who earns a regular income and whose minimum employment period (in India or abroad) is not be less than 2 years.


      Features:
      • Min. Loan Amount – 3 lacs
      • Max. Loan Amount – No upper limit
      • Eligibility – NRI or PIO
      • Pre-closure Charges - Nil
      • Interest Rate – Floating 10.15%

    • SBI Realty:
    • This SBI loan is for people who want to buy land or plot. The construction should commence within 2 years from the sanction date of the loan. This type of loan comes with the flexibility of availing another loan for construction purposes on the land bought. So a customer is entitled to avail two simultaneous loans on the SBI realty home loan.


      Features:
      • Max. Loan Amount – 15 crores
      • Loan Tenure – Up to 15 years
      • Pre-closure Charges - Nil
      • Interest Rate – Floating 10.15%

    • SBI PAL
    • This is a Pre-Approved Home Loan from State Bank of India. This loan does not depend upon the property to be bought. SBI grants its customers the freedom to avail the loan amount before deciding upon the property. This gives customers the needed confidence to negotiate boldly with builders/sellers regarding the price of the property.


      Features:
      • Eligibility – Depends on the annual income of the applicant
      • Tenure – Pre-Approved Letter of arrangement is valid for a period of 4 months
      • Min Loan Amount – 10 Lacs
      • Max Loan Amount – No upper limit
      • Pre-closure Charges - Nil
      • Interest Rate – Floating 10.15%

    • Her Ghar Home Loan:
    • This is a home loan scheme designed especially for women applicants. A woman needs to be the sole applicant or the primary applicant for this type of home loan. Also, the property for which home loan is being taken should be in the name of the woman applicant or she should be the primary owner in case it of joint ownership. This home loan scheme by SBI aims at enabling women to own property and carries a social obligation in line with the empowerment of women.


      Features:
      • Loan Tenure – 30 years
      • Interest Rate – 9.85%
      • Pre-Payment Charges - Nil

    More Housing Loans from SBI:

    Apart from the above listed regular home loan schemes by State Bank of India, there are several other options also which aim to uplift people from tribal and village areas of the nation. These schemes are in line with the organization’s commitment towards comprehensive nation building.

    Here are a few such housing schemes offered by SBI-

    • SBI Tribal Plus:
    • This housing loan from SBI is meant for customers who are from tribal areas or hilly regions where mortgage of property is not available. The loan is provided for construction of a new house or flat and for purchase of a new house. Under this scheme SBI also provides an option of taking loan for the purpose of renovation or repair.


      Features:
      • Min. Amount – nil
      • Max. Amount- 10 lacs
      • Repayment Period – up to 15 years

    • GRAM NIWAS:
    • The Gram Niwas scheme from State Bank of India is aimed at providing housing finance to the customers from rural regions of the nation. This housing plan covers people from rural or semi-urban regions which have a population of less than 50,000 as per the 2001 census. Under this scheme, home loans can be availed for buying of land or house, renovation and repair of house and construction of house.


      Features:
      • Min. Amount – nil
      • Max. Amount- 5 lacs
      • Repayment Period – up to 15 years

    • SAHYOG NIWAS:
    • Sahyog Niwas scheme aims to provide home loans to self-help groups which have a good credit history. The bank lends to members of these groups under this scheme for purposes of buying of land or house and construction, repair or renovation.


      Features:
      • Min. Amount – nil
      • Max. Amount- 50,000 per person of the self-help group

    Significant Features of SBI Home Loans:

    • Lower interest rates as compared to other contemporary banks
    • Low processing fees
    • No hidden charges or administration fees
    • Nil pre-closure charges making repayment easier and more flexible
    • A huge network of branches across the nation making it convenient to visit a SBI branch
    • Exclusive packages depending upon individual needs of customers
    • Interest is calculated on daily reducing basis which lowers the overall interest paid

    Documents required applicable to all loan seekers:

    • Duly filled loan application
    • 3 passport-size photographs
    • Identity Proof (Voter ID Card/Passport/Driving License/Pan Card)
    • Proof of Residence (Current Address Proof)
    • Bank Statement for last 6 months
    • Personal assets and liabilities declaration
    • Proof of property
    • Income Tax Proofs (If required)
    • Signature Identification from present banker

    Documents required for Guarantor:

    • Assets and liabilities Statement
    • 2 passport-size photographs
    • Identity Proof
    • Address Proof
    • Signature Identification from present banker

    FAQ Section:

    Frequently asked questions about SBI Home Loan.


    How can I decide which SBI home loan fits my requirement?

    BankBazaar gives you the option of comparing home loan schemes and an online EMI calculator to help you plan your finances well in advance before availing a home loan.


    What are the various interest rates offered on home loans?

    Interest rates vary with respect to their floating or fixed nature. Generally, foating home loan rates vary between 9.85% to 9.90% and fixed vary from 10.25-40%. This also depends upon the lender bank. SBI offers floating interest rates between 9.85% to 9.90% per annum.


    What is the processing fee charged by SBI for home loans?

    SBI charges a low processing fee for its home loans. 0.25% of the loan amount is charged. The amount can be anywhere between Rs.1,000 to Rs.10,000.


    Can I pay off my SBI home loan earlier than the initial tenure?

    Yes. You can pay off your SBI home loan earlier too, without a pre-payment penalty fee.


    Is there any security required for the SBI home loan?

    Usually, the property that is purchased using the loan serves as the security. In some cases it is at bank’s discretion to ask for additional securities like insurance policies, fixed deposits etc.


    Is a guarantor required to sign my loan application?

    Yes. A guarantor with all the valid and required documents need to sign your loan application.


    What kind of job makes me eligible for SBI home loan?

    You can either be a salaried employee or self-employed for obtaining this loan. However, the only condition is that you should be earning a regular income and should be able to furnish proofs of the same.


    Can joint-applications be made for SBI Home Loans?

    Yes. Joint applicants are welcome at SBI.


    Are there any tax benefits associated with SBI home loan?

    Yes. Tax rebate under section 80C of the Income Tax Act is applicable.


    Are long-term home loans beneficial or short-term loans?

    Long-term loans are beneficial in giving you the option and comfort of lower EMIs, however, short-term loans mean higher EMIs but lesser interest. A borrower can choose the option depending upon his financial status.


    How long does it take for my loan to get sanctioned?

    If all the required documents are in place then your SBI home loan can be sanctioned in a few days.


    Where can I apply for SBI home loan?

    With a network of over 17000 branches in India, SBI home loans can be applied at any of your nearest bank branch.

    News About SBI Home Loan

    • “Shop” and apply for SBI home loans at BankBazaar.com

      State Bank of India customers can now easily apply for SBI home loans using the online financial portal BankBazaar.com, which will be facilitating the application process. SBI, BankBazaar.com and SBI Cap have signed a tripartite agreement to initiate this. SBI would be presenting all its home loan related products on the website, generate leads and also provide door-step services to its customers, thereby improving turnaround times.

      The MoU was signed between B Sriram, MD & Group Executive, SBI, Adhil Shetty, MD & CEO, BankBazaar.com and Mani Palvesan, MD of SBICAP Securities. This new partnership would provide an additional platform for prospective SBI home loan borrowers to get customized quotes, compare offers, submit their applications online and also get instant e-approvals.

      16th July 2015

    • SBI’s Project TATkal To Bring Down Processing Time for Home Loan Applications

      State Bank of India, country’s largest public sector bank is leaving no stones unturned to ensure improv ement in key processes that it engages in approving home loan applications. Christened, “Project TATkal”, this new initiative from SBI is aimed at reducing the processing time to 10 days from the time of receipt of all documents and other paperwork from customers.

      This initiative will be rolled across all home loan processing centers in a phased manner. State Bank is targeting quick implementation at major loan centers with considerable home loan business. Through this project, a revamp of key processes in home loan marketing infrastructure is being carried out.

      The bank had recently introduced Online Customer Acquisition Solution (OCAS) on 28th May, 2015, aimed at e-approving home loan applications received from customers online.

      9th July 2015

    • Home Loan referral being incentivized by SBI

      The State Bank of India has introduced a new referral policy to increase its home loan customer base and also motivate the employees at the same time. By changing the structure of its HR policy, the State Bank of India (SBI) is looking forward to improve its productivity. The employees can now earn gift cards worth 16000 INR or travel abroad as incentives for referring home loan customers to the bank.

      The State bank of India has 2.13 lakh employees including several officers and other clerical staff. This particular scheme is available to all the employees of SBI, irrespective of their ranks. In order to be eligible for incentives under this scheme, an employee does not have to provide any other service other than referring the borrower to the bank. The loan processing fee is also waived for the borrower who are referred under this scheme.

      30th June 2015

    • SBI Scraps Processing Fee for Switching Home Loans

      Home owners in something to cheer about as the State Bank of India, the largest public sector bank in the country, has scrapped the processing fee for switching home loans. Now, people with existing home loans from other lenders can easily shift their loan to SBI and they will not be required to pay any processing fee. The bank has taken this step to strengthen its position as one of the top retail lenders in India. A representative of the bank has stated that SBI wants to offer its customers with the best in terms of charges and rates.

      Apart from waiving the processing fee for switching home loans, the State Bank of India has also waived pre-penalty on home loans as per the guidelines issued by the Reserve Bank of India. SBI offers very attractive interest rates on home loans, in comparison to other lenders in this sector.

      24th June 2015

    • RBI could cut repo rates further if monsoon continues current progress

      At the golden jubilee celebration of All India State Bank Officers’ Federation, SBI Chief Arundhati Bhattacharya said the RBI will have more room to cut repo rate if inflation is kept under control and the monsoon continues to progress at the current pace.

      With the economy facing a low credit growth last fiscal, the RBI is encouraging the home loan sector by cutting rates to create a ripple effect through the rest of the economy. The reduction in repo rates this monsoon could result in benefits that will multiply through the whole infrastructure.

      State Bank of India has already cut its base rate by a cumulative 0.30 per cent in two moves over the last quarter following RBI’s repo cuts of 0.75 per cent. Bhattacharya said that further reduction would depend on “several other things”.

      SBI Bank is trying to increase its market share by offering a waiver on processing fees if a customer shifts their home loan to SBI. Bhattacharya said they are expecting a good response on this offer.

      16th June 2015

    • SBI Cuts Base Rate by 15 Basis Points- At 9.70%, Home Loans Get Cheaper

      India’s biggest public sector bank, the State Bank of India (SBI), was quick to slash its base interest rate by 0.15% after India’s apex bank, the Reserve Bank of India (RBI) affected a similar cut of 0.25% in its repo rate. The updated base rate from SBI stands at 9.70% and the same will be effective from June 8, 2015. RBI’s repo rate cuts since Jan 2015 amount to 75 basis points and have arrived in three instalments of 0.25% cuts each. In response to the same, SBI has slashed 30 basis points that arrived in two installments, and was one of the first banks to initiate this after RBI’s surprising moves. State Bank chairperson Arundhati Bhattacharya has come out in support of RBI’s rate cuts and hopes that the same will transpire into more growth opportunities and creation of more jobs across the country. To start with however, auto and home loans are set to get cheaper.

      4th June 2015

    • SBI Home Loan Disbursal in Just
      10 Days

      State Bank of India is throwing all its weight behind improving customer experience in the home loan segment. The largest bank in India is contemplating on cutting down home loan disbursal time frame from 17 days to 10 days in the next 6 months in a phased manner. The turnaround time for disbursal was about 31 days last year.

      In order to fulfil the cut in disbursal time, SBI has streamlined key processes like pre approving housing projects which will directly impact the disbursal time frame. It will also be unifying sales and marketing teams under a single roof to ensure better coordination.

      During FY-2015, the bank had disbursed housing loans worth Rs.50,000 crore. In the current fiscal, SBI is looking at a growth of 10-15 percent in this segment.

      4th May 2015

    Home Loans from Top Banks
    Home Loan Tools
    Home Loans in Top Cities
    Home Loan by Bank
    Home Loan by City

    SBI Home Loan Reviews

    86 % of our customers would recommend this bank. (262 out of 303) Write Review
    Customer Reviews
    Page 1 of 16 1 2 3 4 5
    • Validated User
      (0)

      SBI Housing loan process is fine. It is a Government bank and everything is fine. They normally take a lot of time to sanction the loan they took around 2months of time to provide the loan. Interest rate offered by them was low. Processing fee was nominal. They have not reduced the rate its basically a diminishing rate. I am not getting correspondence from them on time about the rates and EMI.

      Was this review helpful? Yes

      Thank you for your vote

      Thanks, you've already rated this review

      Fees & Charges
      Promised Interest Rate
      Customer Service
      Responsiveness
      sunita took a Home Loan from STATE BANK OF INDIA Reviewed on
    • Validated User
      (0)

      State Bank of India is really good. I applied for a home loan and got the same. The response was very good and got my loan in just 10 to 15 days. I thought its a government bank and it may take a long time to process but they were fast in processing the loan. They have improved a lot.

      Was this review helpful? Yes

      Thank you for your vote

      Thanks, you've already rated this review

      Fees & Charges
      Promised Interest Rate
      Customer Service
      Responsiveness
      shailesh took a Home Loan from STATE BANK OF INDIA Reviewed on
    • Validated User
      (0)

      State Bank Of India is good, but they took a long time to process my home loan application. They had too many stages of verification. I am not satisfied with the process. I got the expected amount from them with a lesser interest rate. Pre closure can be done with nominal charges.

      Was this review helpful? Yes

      Thank you for your vote

      Thanks, you've already rated this review

      Fees & Charges
      Promised Interest Rate
      Customer Service
      Responsiveness
      prasad took a Home Loan from STATE BANK OF INDIA Reviewed on
    • Validated User
      (1)

      The Emi for my housing loan taken from Sbi bank is for 15 years. I am very much satisfied with this bank. Interest rate is around 8.5% which is reasonable. Service was excellent. And it was a wonderful experience. The documentation part was minimal.

      Was this review helpful? Yes

      Thank you for your vote

      Thanks, you've already rated this review

      Fees & Charges
      Promised Interest Rate
      Customer Service
      Responsiveness
      dhanesh took a Home Loan from STATE BANK OF INDIA Reviewed on
    • (0)

      I have SBI max gain loan for my home and its best in class. Had minor issues to get loan sanctioned as compared to private vendors, but then it has been good experience. Only issue is for every interaction they ask you to visit home branch and if you have move out of city it is a bit hard on you.

      Was this review helpful? Yes

      Thank you for your vote

      Thanks, you've already rated this review

      Fees & Charges
      Promised Interest Rate
      Customer Service
      Responsiveness
      sagar took a Home Loan from STATE BANK OF INDIA Reviewed on
    • Validated User
      (0)

      I have taken a housing loan from State Bank of India. It was a good offer. They provided clear information. They did not have any follow up, I had to run behind them to process the loan. As per the government rule they provide part payment options. Its perfect in that. Authentic bank. Trust worthy too.

      Was this review helpful? Yes

      Thank you for your vote

      Thanks, you've already rated this review

      Fees & Charges
      Promised Interest Rate
      Customer Service
      Responsiveness
      pradeep took a Home Loan from STATE BANK OF INDIA Reviewed on
    • Validated User
      (2)

      The home loan from the SBI bank is good. I hold my salary account with this bank and it took nearly 1 week for the loan to get disbursed. The SBI bank branch is situated nearly 10 to 13 kilometers far from my location. Overall everything went on smooth and so no issues with the bank. The best part about this bank is there is no hidden charges with this bank.

      Was this review helpful? Yes

      Thank you for your vote

      Thanks, you've already rated this review

      Fees & Charges
      Promised Interest Rate
      Customer Service
      Responsiveness
      brij took a Home Loan from STATE BANK OF INDIA Reviewed on
    • Validated User
      (0)

      I took the home loan with the State Bank of India.The rate of interest is also comparatively low. Was .There are no hidden charges with them that makes me to go ahead with them.Within 15 to 2o days of time that I got the loan.The documentation process is very clear with them.

      Was this review helpful? Yes

      Thank you for your vote

      Thanks, you've already rated this review

      Fees & Charges
      Promised Interest Rate
      Customer Service
      Responsiveness
      naresh took a Home Loan from STATE BANK OF INDIA Reviewed on
    • Validated User
      (3)

      I have got a very good experience with SBI in getting the Home loan.The process was quite easy and fast with full commitments included.The interest rate offered was good which is around 9.75%.The customer service provided was really good and customer oriented service as well.

      Was this review helpful? Yes

      Thank you for your vote

      Thanks, you've already rated this review

      Fees & Charges
      Promised Interest Rate
      Customer Service
      Responsiveness
      bala took a Home Loan from STATE BANK OF INDIA Reviewed on
    • Validated User
      (0)

      My home loan is with SBI bank. They are actually good. The home is registered on my mumâ??s name. I was initially give a interest rate of 9.8% and later they reduced it to .25% and offered me 9.6% (Floating). The whole process took only a week. The processing charges including the bond charges was Rs. 4500

      Was this review helpful? Yes

      Thank you for your vote

      Thanks, you've already rated this review

      Fees & Charges
      Promised Interest Rate
      Customer Service
      Responsiveness
      ranjit took a Home Loan from STATE BANK OF INDIA Reviewed on
    • Validated User
      (0)

      From SBI bank i have availed for the home loan.In which the interest rate offered was 9.75% and processing fee was 1% on the loan amount. I visited the bank directly and submitted the documents whisk was a easy process. Within 3-4 days my loan was approved. I am just waiting yet to finalized the property.

      Was this review helpful? Yes

      Thank you for your vote

      Thanks, you've already rated this review

      Fees & Charges
      Promised Interest Rate
      Customer Service
      Responsiveness
      devendra took a Home Loan from STATE BANK OF INDIA Reviewed on
    • Validated User
      (0)

      My experience with SBI bank for the home loan was not that good. The customer service offered was not good and they are not very responsive. They donâ??t bother much about their customers and there is no separate customer care team. Everytime I had to go from table to table for any queries. The best part about this bank is they give loans even on reducing balance.

      Was this review helpful? Yes

      Thank you for your vote

      Thanks, you've already rated this review

      Fees & Charges
      Promised Interest Rate
      Customer Service
      Responsiveness
      sameek took a Home Loan from STATE BANK OF INDIA Reviewed on
    • Validated User
      (3)

      Very critical to take a loan from SBI bank because they more documentation process and verification. My home loan disbursement took 2.5 months. Interest rate charged was 10.25% and the processing fee was minimal of rupees 3500 . The best thing in the bank is that if the RBI increase the interest rate but SBI bank will not change the rate. I will recommend the SBI bank for home loan only to those who are Patience enough.

      Was this review helpful? Yes

      Thank you for your vote

      Thanks, you've already rated this review

      Fees & Charges
      Promised Interest Rate
      Customer Service
      Responsiveness
      saroj took a Home Loan from STATE BANK OF INDIA Reviewed on
    • Validated User
      (2)

      SBI home loan process was good and it was fair dealing with them. As they have enough branches and ATM centers over cities. Particularly I rely on their service. In terms of interest rate it is not low and competitive as they were not ready to negotiate. Charges are nominal and documentation was smooth.

      Was this review helpful? Yes

      Thank you for your vote

      Thanks, you've already rated this review

      Fees & Charges
      Promised Interest Rate
      Customer Service
      Responsiveness
      niranjan took a Home Loan from STATE BANK OF INDIA Reviewed on
    • Validated User
      (3)

      I got the home loan with the State Bank of India.The rate of interest was around 9.7% and its floating.The services are really good with them.The processing charges are nominal one .I felt the good experience with them in the past years and that makes me to go ahead over there.

      Was this review helpful? Yes

      Thank you for your vote

      Thanks, you've already rated this review

      Fees & Charges
      Promised Interest Rate
      Customer Service
      Responsiveness
      sivakumar took a Home Loan from STATE BANK OF INDIA Reviewed on
    • Validated User
      (0)

      The SBI Bank is good in terms of offers and facilities. The services was very good for the home loan. The processing was very fast and it took only 4 weeks for the loan to get disbursed. The best part about the SBI bank is the rate of interest is very low. Their online services are very good and in addition they do have the max gain facility.

      Was this review helpful? Yes

      Thank you for your vote

      Thanks, you've already rated this review

      Fees & Charges
      Promised Interest Rate
      Customer Service
      Responsiveness
      nagendra took a Home Loan from STATE BANK OF INDIA Reviewed on
    • Validated User
      (0)

      The customer service offered by the SBI Bank is very good for the home loan. It took a month time for the amount to get disbursed and so it was a hassle free process. I had visited the branch of SBI bank and submitted all the documents with them. I have a very good relationship as from the day of opening the account to till date I did not face any issues.

      Was this review helpful? Yes

      Thank you for your vote

      Thanks, you've already rated this review

      Fees & Charges
      Promised Interest Rate
      Customer Service
      Responsiveness
      prosenjit took a Home Loan from STATE BANK OF INDIA Reviewed on
    • Validated User
      (1)

      I have received the call with the State Bank of India bank after immediately for the home loan.The rate of interest what they proposed was okay while compare with some other bank.Within very immediately that I got the loan to be sanctioned on my account.I am happy with them.

      Was this review helpful? Yes

      Thank you for your vote

      Thanks, you've already rated this review

      Fees & Charges
      Promised Interest Rate
      Customer Service
      Responsiveness
      sadanand took a Home Loan from STATE BANK OF INDIA Reviewed on
    • (0)

      Thanks to bankbazaar regarding there response on the home loan products which help me out to hunt for more banks. The data provided by the bankbazaar gave me so much clarity regarding the documentation & to approach which banks for the same out to choose better bank for obtaining home loans. Thanks bankbazaar for saving my interest on my home loan.

      Was this review helpful? Yes

      Thank you for your vote

      Thanks, you've already rated this review

      Fees & Charges
      Promised Interest Rate
      Customer Service
      Responsiveness
      hardik took a Home Loan from STATE BANK OF INDIA Reviewed on
    • Validated User
      (1)

      I feel they have many customers and that the reason they cannot give attention to each customer but they are really responsible being a nationalized bank.I feel they are not focusing on the customer satisfaction because they have huge number of customers.The interest offered was around 9.7% and the I will strongly recommend HDFC rather than SBI.

      Was this review helpful? Yes

      Thank you for your vote

      Thanks, you've already rated this review

      Fees & Charges
      Promised Interest Rate
      Customer Service
      Responsiveness
      gourinadha took a Home Loan from STATE BANK OF INDIA Reviewed on
    Customer Reviews
    Page 1 of 16 1 2 3 4 5
    0.0 0 0.0 5.0
    Thank you for the feedback.
    Make a suggestion or report a bug
    • Like us? Spread the word
    • Broadcast your feedback via Facebook Twitter
    • or Cancel
    • View our privacy policy

    Contact Us on Mail
    Facebook
    reTH65gcmBgCJ7k - pingdom check string.
    This Page is BLOCKED as it is using Iframes.