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  • SBI Home Top Up Loan

    State Bank of India (SBI) offers various products to its customers so that the latter can fulfil their various financial requirements. One of the products that you as a customer of SBI can apply for is home loan. There are various home loan schemes offered by SBI at flexible interesting rates. We will have a look at the home loan schemes offered by the lender.

    This loan scheme allows its customers to avail a certain amount of loan money above and over their home loan amount. If you have already availed a home loan from SBI and is in need of extra loan, then you can avail this scheme to bring true your dream of having a home of your own. The interest rate charged is lower as compared to other home loan schemes under SBI.

    SBI Home Top Up Loan Interest Rate

    Amount Term Loan (Interest Rate)
    Up to Rs.20 lakh 7.25%
    Rs.20 lakh – Rs.1 crore  7.45%
    Rs.1 crore – Rs.2 crore  7.65%
    Rs.2 crore – Rs.5 crore  8.10%
    Above Rs.5 crore  9.30%

    Eligibility criteria

    Some of the eligibility criteria needed to be fulfilled in order to be eligible for this home loan scheme are given below:

    • Minimum age of the applicant should be 18 years, and the maximum age of the applicant should be 70 years.
    • The applicant should be a resident of India.
    • The repayment tenure under this scheme is up to 30 years.

    Documents required

    Given below is the list of documents you will need to submit in order to avail this home loan scheme from SBI:

    • Loan application form
    • Employer identity card
    • Address Proof
    • Identity Proof
    • Account statement for the last 6 months
    • Account statement for the past 1 year if you have availed any loan
    • Salary slip for the last 3 months
    • Copy of the form 16 for the last 2 financial years
    • Property papers as required by the lender
    • Proof of business address if you are a self-employed individual
    • Passport size photographs

    Features of availing SBI Bridge Home Loan

    Some of the features of availing SBI Bridge Home Loan are given below:

    • Low processing fee
    • Interest rate is low
    • No penalty on the pre-payment of the loan
    • Repayment tenure of up to 30 years
    • Interest charges on daily reducing balances
    • No hidden charges

    You can only avail this scheme if you have already availed a home loan from the bank and is in need of availing a loan amount above and over your existing loan amount.


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