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

    8.60% p.a.
    ** Available in Floating and Fixed Rate
    ** Interest rate varies based on Occupation, Loan Amount, Resident Type & Loan Tenure
    Loan Amount Rs.5 Lakh – Rs.50 Crore
    EMI Per Lakh Rs.776

    State Bank of India(SBI) offers home loan interest rate ranges from 8.60% - 11.95% p.a for different types of needs of its customers and the interest rate differs between these types of housing finance. SBI home loans are the among the largest mortgage lenders in the country with its wide range of housing finance products.

    SBI Home Loan Details

    Rate of Interest 8.60% - 11.95% p.a.
    Interest Type Fixed/Floating
    Minimum Income As per bank’s discretion
    Loan Term (in Years) Up to 30 Years
    Processing Fee 0.35% - 1% of Loan Amount
    Occupation Salaried/Self-Employed Professionals and Non-Professionals
    Residency type Residential/Commercial

    SBI Home Loan Schemes

    To cater to the varied needs of customers, SBI has designed different types of home loans to suit your requirements. From regular to exclusive home loans, the bank offers these loans with different interest rates. Below are the types of SBI home loans along with their interest rates:

    SBI Regular/NRI/Balance Transfer/Pre-Approved Home Loan Interest Rates

    Category Home Loan (Term Loan)
    upto Rs.30 Lakh Rs.30 lakh - Rs.75 lakh Above Rs.75 Lakh
    Women(Salaried) 8.60% - 8.70% p.a. 8.85% - 8.95% p.a. 8.95% - 9.05% p.a.
    Women(Non-Salaried) 8.75% - 8.85% p.a. 9% - 9.10% p.a. 9.10% - 9.20% p.a.
    Others(Salaried) 8.65% - 8.75% p.a. 8.90% - 9% p.a. 9% - 9.10% p.a.
    Others(Non-Salaried) 8.80% - 8.90% p.a. 9.05% - 9.15% p.a. 9.15% - 9.30% p.a.

    Category Home Loan as Overdraft (Maxgain)
    Rs.20 Lakh - Rs.30 Lakh Rs.30 Lakh - Rs.75 Lakh Above Rs.75 Lakh - Rs.3 Crore
    Women(Salaried) 8.65% - 8.75% p.a. 8.95% - 9.05% p.a. 9.10% - 9.20% p.a.
    Women(Non-Salaried) 8.85% - 8.95% p.a. 9.15% - 9.25% p.a. 9.30% - 9.40% p.a.
    Others(Salaried) 8.70% - 8.80% p.a. 9% - 9.10% p.a. 9.15% - 9.25% p.a.
    Others(Non-Salaried) 8.90% - 9% p.a. 9.20% - 9.30% p.a. 9.35% - 9.45% p.a.

    Please note that interest rates are subject to change as per the risk score and on the Loan-to-Value of the customer.

    SBI Flexipay Home Loan Interest Rates

    Category Home Loan (Term Loan)
    Rs.20 Lakh - Rs.30 Lakh Rs.30 Lakh - Rs.75 Lakh Above Rs.75 Lakh
    Women (Salaried) 8.60% - 8.70% p.a. 8.85% - 8.95% p.a. 8.95% - 9.05% p.a.
    Others (Salaried) 8.65% - 8.75% p.a. 8.90% - 9.00% p.a. 9% - 9.10% p.a.

    SBI Privilege/Shaurya Home Loan Interest Rates

    Category Home Loan (Term Loan)
    Rs.10 Lakh - Rs.30 Lakh Rs.30 Lakh - Rs.75 Lakh Rs.75 Lakh - Rs.50 Crore
    Women (With Check Off) 8.60% - 8.70% p.a. 8.85% - 8.95% p.a. 8.85% - 8.95% p.a.
    Women (Without Check Off) 8.65% - 8.75% p.a. 8.90% - 9% p.a. 9% - 9.10% p.a.
    Others (With Check Off) 8.60% - 8.70% p.a. 8.85% - 8.95% p.a. 8.85% - 8.95% p.a.
    Others (Without Check Off) 8.65% - 8.75% p.a. 8.90% - 9% p.a. 9% - 9.10% p.a.

    SBI Realty Home Loan Interest Rates

    Category Home Loan (Term Loan)
    Up to Rs.75 Lakh Above Rs.75 Lakh
    Women (Salaried) 9.20% - 9.35% p.a. 9.40% - 9.45% p.a.
    Women (Non-Salaried) 9.30% - 9.45% p.a. 9.50% - 9.55% p.a.
    Others (Salaried) 9.25% - 9.40% p.a. 9.45% - 9.50% p.a.
    Others (Non-Salaried) 9.45% - 9.50% p.a. 9.55% - 9.60% p.a.

    SBI Top-Up Home Loan Interest Rates

    Category Home Loan (Term Loan)
    Salaried Non-Salaried
    Rs.5 Lakh - Rs.20 Lakh 8.95% - 9.05% p.a. 9.10% - 9.20% p.a.
    Rs.20 Lakh - Rs.1 Crore 9.15% - 9.25% p.a. 9.30% - 9.40% p.a.
    Rs.1 Crore - Rs.2 Crore 9.35% - 9.45% p.a. 9.50% - 9.60% p.a.
    Rs.2 Crore - Rs.5 Crore 9.80% - 9.90% p.a. 9.95% - 10.05% p.a.
    Above Rs.5 Crore 11% - 11.50% p.a. 11.25% - 11.75% p.a.

    Category Home Loan as Overdraft (Maxgain)
    Salaried Non-Salaried
    Rs.20 Lakh - Rs.1 Crore 9.85% - 9.95% p.a. 10% - 10.10% p.a.
    Rs.1 Crore - Rs.2 Crore 10.10% - 10.20% p.a. 10.25% - 10.35% p.a.
    Above Rs.2 Crore 10.20% - 10.30% p.a. 10.35% - 10.40% p.a.

    SBI Bridge Home Loan Interest Rates

    Tenure Effective Interest Rate
    1st Year 10.95% p.a.
    2nd Year 11.95% p.a.

    SBI Smart Home Top-Up Loan Interest Rates

    Home Loan Type Interest Rate
    Salaried Non-Salaried
    Term Loan 9.50% p.a. 10% p.a.
    Overdraft 10% p.a. 10.50% p.a.

    SBI Insta Home Top Up Loan Interest Rates

    Particulars Interest Rate
    Insta Home Top-Up Loan Between Rs.1 Lakh and 5 Lakh 9.50 - 10% p.a.

    SBI Corporate Home Loan Interest Rates

    CRA Interest Rates
    SB – 1 and SB – 2 9.40% p.a.
    SB – 3 and SB – 5 9.90% p.a.
    SB – 6 and SB – 8 10.40% p.a.
    SB – 9 and SB – 10 11.15% p.a.

    SBI Home Loan to Non-Salaried – Differential Offerings Interest Rates

    Category Home Loan (Term Loan)
    Rs.10 Lakh - Rs.30 Lakh Rs.30 Lakh - Rs.75 Lakh Above Rs.75 Lakh
    Women (Non-Salaried) 8.75% - 8.85% p.a. 9% - 9.10% p.a. 9.10% - 9.20% p.a.
    Others (Non-Salaried) 8.80% - 8.90% p.a. 9.05% - 9.15% p.a. 9.15% - 9.30% p.a.

    Category Home Loan as Overdraft (Maxgain)
    Rs.20 Lakh - Rs.30 Lakh Rs.30 Lakh - Rs.75 Lakh Rs.75 Lakh - Rs.3 Crore
    Women (Non-Salaried) 8.85% - 8.95% p.a. 9.15% - 9.25% p.a. 9.30% - 9.40% p.a.
    Others (Non-Salaried) 8.90% - 9.00% p.a. 9.20% - 9.30% p.a. 9.35% - 9.45% p.a.

    SBI Tribal Plus Interest Rates

    10 bps Above Home Loan Floating Card Interest Rates

    SBI Earnest Money Deposit (EMD) Interest Rates

    Category Up to Rs.10 lakh
    Women and others 3.40% Above 1-year MCLR, EIR at 11.90% p.a. (1-year MCLR = 8.50%)

    SBI Reverse Mortgage Loan Interest Rates

    Category Between Rs.3 Lakh and Rs.1 Crore
    Women and Others 1-year MCLR + 2%, EIR at 10.50% p.a.
    SBI Pensioners 1-year MCLR + 1%, EIR at 9.50% p.a.

    SBI CRE Home Loan Interest Rates

    Category Home Loan (Term Loan)
    Up to Rs.30 Lakh Rs.30 Lakh - Rs.75 Lakh Above Rs.75 Lakh
    Women (Salaried) 9.10% - 9.20% p.a. 9.35% - 9.45% p.a. 9.45% - 9.55% p.a.
    Others (Salaried) 9.15% - 9.25% p.a. 9.40% - 9.50% p.a. 9.50% - 9.60% p.a.
    Women (Non-Salaried) 9.25% - 9.35% p.a. 9.50% - 9.60% p.a. 9.60% - 9.70% p.a.
    Others (Non-Salaried) 9.30% - 9.40% p.a. 9.55% - 9.65% p.a. 9.65% - 9.80% p.a.

    Category Home Loan as Overdraft (Maxgain)
    Rs.20 Lakh - Rs.30 Lakh Rs.30 Lakh - Rs.75 Lakh Rs.75 Lakh - Rs.3 Crore
    Women (Salaried) 9.15% - 9.25% p.a. 9.45% - 9.55% p.a. 9.60% - 9.70% p.a.
    Others (Salaried) 9.20% - 9.30% p.a. 9.50% - 9.60% p.a. 9.65% - 9.75% p.a.
    Women (Non-Salaried) 9.35% - 9.45% p.a. 9.65% - 9.75% p.a. 9.80% - 9.90% p.a.
    Others (Non-Salaried) 9.40% - 9.50% p.a. 9.70% - 9.80% p.a. 9.85% - 9.95% p.a.

    Please note that interest rates are subject to change as per the risk score and on the Loan-to-Value of the customer.

    SBI Loan Against Property Interest Rates

    Income Category Up to Rs.1 Crore Between Rs.1 Crore and Rs.2 Crore Between Rs.2 Crore and Rs.7.5 Crore
    >50% of Net Monthly Income is Salary Income 10.35% p.a. 10.85% p.a. 11.30% p.a.
    >50% of Net Monthly Income is from Profession/Business/Rental Income 11.00% p.a. 11.50% p.a. 11.80% p.a.

    Factors affecting SBI Interest Rate

    Here are a few important points about home loan interest rates that you need to know before you choose an SBI Home Loan:

    • MCLR of SBI: Home loans are linked to SBI’s 12-month MCLR (Marginal Cost of Funds based Lending Rate). Therefore, the reset period is 12 months which means your EMI will be set for 12 months and then could differ depending on the prevailing MCLR. The current SBI MCLR is 8.50%.
    • Mark-Up on the Home Loan: Mark-up or the spread on the home loan will be over and above the SBI’s MCLR, together forming the actual home loan rate. It may be noted that the mark-up differs based on several categories like if you’re a women borrower, the LTV (Loan-To-Value) ratio, the loan amount and if you’re a salaried or self-employed individual.
    • Amount of Loan: SBI has set different categories of home loan limits – Up to Rs.30 Lakh, above Rs.30 Lakh and Rs.75 Lakh, and above Rs.75 Lakh. For a borrower other than a woman, a Rs.30 Lakh loan attracts interest rate of 8.65% to 8.90%, above Rs.30 Lakh to Rs.75 Lakh loan has an interest rate 8.90% to 9.15%, and a housing finance above Rs.75 Lakh attracts an interest rate between 9.00% to 9.30%.
    • LTV Ratio: LTV ratio is determined by the loan amount against the property value. For example, if the property costs Rs.50 lakh and the loan is for Rs.39 lakh, then the LTV is less than 80%.
    • Occupation: Based on whether you’re salaried or self-employed, the interest rate on home loans differ. Usually, the effective rate for a self-employed or non-salaried individual is higher.
    • Women Applicants: Women borrowers are offered lower interest compared to others with a benefit of a lower bps across loan amounts.
    • Risk Factor: SBI has its own method of determining the risk profile of an applicant and its categorised as RG 1,2,3,4,5 and 6, with the interest rate lower for those who fall under the RG 1,2,3 as against RG 4,5,6.

    SBI Home Loan EMI Calculator

    SBI Home Loan EMI calculator is an interactive tool that helps you calculate the EMI (Equated Monthly Instalments) and monthly reducing balance. This is based on the principal amount, tenure of the loan, and the interest rate.

    SBI Home Loan Other Fees & Charges

    Apart from the interest rate, SBI levies other fees and charges when you avail a home loan from the bank. Since the bank renders services to process the home loan, it charges processing fees, pre-sanction fees (legal and property valuer), and post-sanction charges such as stamp duty, insurance premium of the property, and CERSAI registration fee.

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    SBI Home Loan Interest Rate 2017 Reviews

    • SBI Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have taken a home loan in STATE BANK OF INDIA before 4 years ago. As per my requirement the loan amount was not sufficient from which bank provided and was low for the duration of 20 years. The rate of interest and the processing fee are nominal for this loan.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 14, 2019
    • SBI
      SBI Home Loan
      "Good loan services"
      0.5 5.0/5 "Blown Away!"
      Once i mail to the mail support team they used to give me a prompt reply. They have given me a interest rate of 8.5% for my loan. Since the interest rate is less and its good for central Government employee and they give loan upto 70 years of age and EMI also it would be less hence i have recommended SBI to many people
      Was this review helpful? 0
      , thane
      Reviewed on Jun 09, 2019
    • SBI Home Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan in SBI bank for the past 5 years ago, at the time loan amount was sufficient which was provided from bank for the duration of 20 years.The rate of interest is nominal and the customer service is excellent whenever contact them.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 09, 2019
    • SBI Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I hace selected loan amount 6 lakhs and tenure 20 years, EMI Rs 5000 and Rate of interest 8.50% floating one time processing there Rs 7500. Customer service is good and responsive. Documents submitting through executive There is no delay receiving loan amount disbursement.
      Was this review helpful? 1
      , thane
      Reviewed on Jun 09, 2019
    • SBI Home Loan
      "Good home loan"
      0.5 4.0/5 "Great!"
      I have applied the home loan with State bank of India. They took 1 month to sanctioned the loan. The given interest rate was 8.5% and there is no processing fee. I have selected the tenure period of 15 years. Because of the lower interest rate i have chosen them.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 08, 2019
    • SBI Home Loan
      "Need scope of improvement"
      0.5 3.0/5 "Satisfactory"
      Before 10 years I took home loan from SBI, the service is lacking compared to private sector interms of follow up and processing time. The staff were not helpful whenever I visited to the bank I didn't good response from their end. One thing the interest is good, I took the loan amount of Rs. 2 lakhs with the interest around 8.75% for 10 years.
      Was this review helpful? 0
      , amravati
      Reviewed on Jun 08, 2019
    • SBI Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      A year back i have been applying for housing loan with State bank of India, the loan amount which they have given to me was sufficient , i directly bank with SBI without any third party , the rate of interest they have charged me was up to 8.5% which i felt was less comparing to market rate, no processing fee was available .Still this loan is running.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 08, 2019
    • SBI Home Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am running a home loan with SBI and it was processed by the dealer. The rate of interest was very good and there was a minimal processing fee. The loan duration is 15 years. I have purchased a residential property. I am paying monthly 22K through ECS.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jun 07, 2019
    • SBI Home Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan in SBI bank for more than 9 years ago. As per my requirement I got the loan amount for the duration of 20 years. The rate of interest is nominal and good. The processing fee is applicable and is nominal. The customer service is good.
      Was this review helpful? 3
      , chennai
      Reviewed on May 30, 2019
    • SBI Home Loan
      "Cheap home loan services"
      0.5 4.0/5 "Great!"
      Taken my home loan from SBI since the builder has a tie up with them. Since its a Government bank, the interest rate is very less. Documentation process was smooth. Total tenure period of the loan is 20 years in that 4 years has been completed.
      Was this review helpful? 1
      , chennai
      Reviewed on May 30, 2019
    • SBI Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken Home loan through State Bank Of India which i have directly applied ,The rate of interest and processing fee was very less ,The loan amount got sanctioned on time ,I have applied for the loan amount of 15lakhs for the tenure of 10years .The loan process was very smooth according to me .
      Was this review helpful? 4
      , chandigarh
      Reviewed on May 28, 2019
    • SBI Home Loan
      "Unhappy Service"
      0.5 1.0/5 "Really Bad"
      SBI home loan is not upto the mark, they are not providing the top up loans for the existing customer. Then I have moved to Bajaj Finserv, finally now I am getting from their end for loan enhancement but I am not interest to continue with them, initially I took the home loan amount of Rs.18 lakhs.
      Was this review helpful? 1
      , chennai
      Reviewed on May 28, 2019
    • SBI Home Loan
      "Documentation process should be easy "
      0.5 5.0/5 "Blown Away!"
      Taken my home loan from SBI. While I'm applying the home loan they have given me a very good offers. If i have an anything extra some amount and if we are saving in SBI savings account, they will reduce the interest rate which is SBI Max Gain plan which is only for the home loan customer. They have taken 4 days to sanctioned the loan and the documentation process was fine. I have sent the documents through online.
      Was this review helpful? 2
      , vadodara
      Reviewed on May 28, 2019
    • SBI Home Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan in state bank of India . As per my requirement I received a loan amount for the duration of 30 years. The rate of interest is nominal and the processing fee is applicable. On time the loan got sanctioned from the bank. Customer service is good .
      Was this review helpful? 1
      , pune
      Reviewed on May 27, 2019
    • SBI Home Loan
      "Need to improve their service"
      0.5 3.5/5 "Pretty good"
      I was taken a home loan in SBI bank. When I was applying for a verification myself have to reach the branch often no there will not be proper customer service. They made delay process for the loan. The rate of interest is nominal. Then I have done loan transfer to another bank.
      Was this review helpful? 1
      , jaipur
      Reviewed on May 26, 2019
    • SBI Home Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan in SBI bank for more than a year. As per my expectation I received a loan amount for the duration of 15 years. The rate of interest was nominal. Only the drawback which I felt was need to visit often to office for further process.
      Was this review helpful? 3
      , coimbatore
      Reviewed on May 20, 2019
    • SBI Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken a home loan STATE BANK OF INDIA for more than one year. As per expectation I received a loan amount as per my expectation for the tenure of twenty years. The rate of interest and processing fee is nominal when compare to other banks.
      Was this review helpful? 1
      , noida
      Reviewed on May 20, 2019
    • SBI Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan in SBI bank for more than a year. As per my expectation I got the loan amount for the duration of 20 years. The rate of interest is nominal. Fee charges was applicable. The customer service is good and responsiveness on time.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 16, 2019
    • SBI Home Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      My home loan is running with SBI, the interest rate is very low but they gave me longer duration. I took the amount Rs.17 lakhs for duration of 20 years, the process fee was nominal around Rs.10,000 including insurance fee. The documentation are very simple, bank staff gave me nice response as well.
      Was this review helpful? 1
      , vadodara
      Reviewed on May 16, 2019
    • SBI Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for Home Loan directly with State Bank Of India .The rate of interest and the processing fee was nominal.The agent gave a clear picture about the loan process.I have received the loan amount on time without any delay .The loan amount was sufficient and not faced any issues so far .I have applied for 30lakhs for the tenure of 20year this loan is still active .
      Was this review helpful? 3
      , hyderabad
      Reviewed on May 14, 2019
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