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

    SBI Home Loan

    We found 6 SBI Home Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.65% - 8.70% Floating
    0.35% (max. 10,000) + S.T.
    15L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.60% - 8.65% Floating
    0.35% (max. 10,000) + S.T.
    15L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.6% - 8.7% Floating
    0.35% (max. 10,000) + S.T.
    20L - 10Crs
    25-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.15% - 9.3% Floating
    0% to 0.35% (max. ₹11,500)
    15L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.15% - 9.3% Floating
    0% to 0.35% (max. ₹11,500)
    15L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.50% - 8.55% Fixed/Floating
    0.35% (max. ₹10,000) + S.T.
    5 L to 30 L
    3-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria

    SBI Home Loan is Rated as "Great!" by 930 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    State Bank of India (SBI), 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 60 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 @ 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 30 May 2017

    SBI Home Loan Details
    Interest Rate For women - 8.60% to 8.65%
    For General Customers - 8.65% to 8.70%
    SBI Flexipay - 8.60% to 8.70%
    SBI (HamaraGhar) - 8.50% to 8.55%
    Processing Fees 0.35% of Loan Amount, max of Rs.10,000 + S.T.
    Loan Tenure 30 years
    SBI Flexipay - 25 to 30 years
    Pre-closure Charges Nil
    Partial Pre-Payment Charges Nil
    Guarantor Requirement No Guarantor Required

     

    About SBI Home Loan

    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 Loan

    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.

    New SBI Bank Home Loan Interest Rate:

    SBI Home Loan not only offers attractive benefits and terms for its home loan options but the bank also offers low competitive rates on its home loan. As of May 9, 2017, the interest rate for SBI home loan 8.35% to 8.70% applicable till July 31, 2017. The above mentioned rates are irrespective of the loan amount.

    •   HAMARA GHAR : Home Loan Fixed Interest Rates - 2 Years
    Borrowers Salaried upto Rs. 30 Lakhs Non - Salaried upto Rs. 30 Lakhs
    Women 35 bps after 1 year MCLR, ER: 8.35 50 bps after 1 year MCLR, ER: 8.50
    Others 40 bps after 1 year MCLR, ER: 8.40 55 bps after 1 year MCLR, ER: 8.55
    • Home Loan Floating Interest Rates Including CRE HL
    Borrowers Salaried upto Rs. 30 Lakhs Non - Salaried upto Rs. 30 Lakhs
    Women 35 bps after 1 year MCLR, ER: 8.35 50 bps above 1 year MCLR, ER: 8.50
    Others 40 bps after 1 year MCLR, ER: 8.40 55 bps above 1 year MCLR, ER: 8.55
    • The sole applicant or one of the co-applicants for the Home Loan should be a woman. She should also be a co-owner or the sole owner of the property that will be financed by the Bank.
    • Fixed and floating rate loans can be availed for an amount up to Rs.30 lakh.

    Home Loan Interest Rates : Card Rates

    • Home Loan Floating Interest Card Rate Including CRE HL:
    Salaried Borrowers < 75 Lakhs > 75 Lakhs
    RG - 1, 2, 3 RG - 4, 5, 6 RG - 1, 2, 3 RG - 4, 5, 6
    Women 50 bps + 1 year MCLR, ER:8.50 60 bps + 1 year MCLR, ER:8.60 65 bps + 1 year MCLR, ER:8.65 75 bps + 1 year MCLR, ER:8.75
    Others 55 bps + 1 year MCLR, ER:8.55 65 bps + 1 year MCLR, ER:8.65 70 bps + 1 year MCLR, ER:8.70 80 bps + 1 year MCLR, ER:8.80
    Non-Salaried Borrowers < 75 Lakhs > 75 Lakhs
    RG - 1, 2, 3 RG - 4, 5, 6 RG - 1, 2, 3 RG - 4, 5, 6
    Women 60 bps + 1 year MCLR, ER:8.60 70 bps + 1 year MCLR, ER:8.70 75 bps + 1 year MCLR, ER:8.75 85 bps + 1 year MCLR, ER:8.85
    Others 65 bps + 1 year MCLR, ER:8.65 75 bps + 1 year MCLR, ER:8.75 80 bps + 1 year MCLR, ER:8.80 90 bps + 1 year MCLR, ER:8.90
    • Home Loan Maxgain Floating Interest Card Rate Including CRE HL:
    Salaried Borrowers 20 Lakhs < 75 Lakhs 75 Lakhs < 3 Crores
    RG - 1, 2, 3 RG - 4, 5, 6 RG - 1, 2, 3 RG - 4, 5, 6
    Women 65 bps + 1 year MCLR, ER:8.65 75 bps + 1 year MCLR, ER:8.75 80 bps + 1 year MCLR, ER:8.80 90 bps + 1 year MCLR, ER:8.90
    Others 70 bps + 1 year MCLR, ER:8.70 80 bps + 1 year MCLR, ER:8.80 85 bps + 1 year MCLR, ER:8.85 95 bps + 1 year MCLR, ER:8.95
    Non-Salaried Borrowers 20 Lakhs < 75 Lakhs 75 Lakhs < 3 Crores
    RG - 1, 2, 3 RG - 4, 5, 6 RG - 1, 2, 3 RG - 4, 5, 6
    Women 75 bps + 1 year MCLR, ER:8.75 85 bps + 1 year MCLR, ER:8.85 90 bps + 1 year MCLR, ER:8.90 100 bps + 1 year MCLR, ER:9.00
    Others 80 bps + 1 year MCLR, ER:8.80 90 bps + 1 year MCLR, ER:8.90 95 bps + 1 year MCLR, ER:8.95 105 bps + 1 year MCLR, ER:9.05

    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%

    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%

    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%

    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%

    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%

    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-

    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

    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 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

    Further Reading: Check Home Loan Eligibility .

    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

    SBI Home Loan 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 the subscribing customer being a woman or otherwise. In the former case, the rate stands at 9.35% p.a while other customers are charged a interest rate of 9.40% p.a. These rates are irrespective of the actual loan amount.


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

    SBI charges a low processing fee for its home loans. Upto 0.35% of the loan amount is charged. The amount can be maximum of Rs.11,500


    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.

    Before you apply for the loan, Check your CIBIL Score for SBI Home Loan

    News About SBI Home Loan

    • SBI to disburse Rs.5,000 crores under home loan in Kolkata circle

      Having lowered the lending rates by 0.25%, SBI’ Kolkata circle aims to give out loans around Rs.5,000 crore. West Bengal, Sikkim, and the Andaman and Nicobar Islands comprise the Kolkata circle of the public sector lender. The bank disbursed more than Rs.3,000 crores last year and it’s aiming at an additional Rs.2,000 crores for this fiscal year. Chief General Manager of SBI, Partha Pratim Sengupta said that the bank’s market share in these regions is close to 30%. The average home loan amount in these circles is Rs.22 lakhs. The bank also stated that expense ratio and transaction costs too have dropped in FY2017.

      18th May 2017

    • New Home Loan Target for SBI Calcutta Circle

      The State Bank of India Calcutta Circle has set eyes on disbursing home loans amounting to Rs.5,000 crore as a target for the current financial year 2017-18. The bank is hoping that that the reduction in home loan interest rate by 0.25% in the segment of affordable housing will provide the necessary impetus for SBI to reach this target.

      The chief general manager of SBI Calcutta circle, Partha Pratim Sengupta, shared that in the previous financial year SBI distributed a total of Rs.3,125 crore under the segment of home loan, registering a Rs.1,841 crore growth. SBI already has a market share of 30% in home loans at Calcutta Circle and they are targeting a Rs.2,000 crore growth this year in home loans and an additional Rs.300 crore growth in products allied to housing loan.

      Sengupta also added that SBI has formed an alliance with Credai, an association representing the industry of real estate, to offer interest rate concession of 0.35% to consumers.

      The Calcutta Circle consists of West Bengal, Sikkim and the Andaman & Nicobar Islands.

      The bank has set a target to distribute housing loans to 1,500 accounts which come under the ambit of Pradhan Mantri Awas Yojana. The average housing loan size in Calcutta Circle is Rs.22 lakh.

      After the loan rate revision, SBI would now charge 8.35% and 8.40% from women and other borrowers respectively for a loan quantum of up to Rs.30 lakh. And for loan quantum greater than Rs.30 lakh but less than Rs.75 lakh, the effective rate will be 8.50% for women and 8.55% for other borrowers.

      For salaried consumers who saw a rate reduction of 10 basis points, the above-mentioned rates are applicable. For non-salaried consumers the housing loan interest rates have reduced by 20 basis points.

      17th May 2017

    • State Bank of India will boost the affordable home loans in Chennai

      State bank of India has announced lucrative rates of interest with their home loans in the Chennai circle. They are also contemplating about joining hands with BAI (Builders Association of India). In the fourth quarter, of FY 2016-2017, 200 loans were disbursed by the Chennai circle. The ticket size ranged between Rs.22 lakh to Rs.30 lakh.

      According to B Ramesh Babu, State Bank of India’s Chief General Manager, they can achieve more than 200 loan disbursements with the new and attractive rates of interest. State Bank of India was experienced the growing enthusiasm in builders for launching affordable home projects. The dwelling units are between a price range of Ts.10 lakh and Rs.15 lakh. The attractive interest rates being offered by the State Bank of India in the Chennai circle is also expected to increase the growing demand. The bank has already joined hands with CREDAI (Confederation of Real Estate Developers Associations of India) for supporting the growth of affordable home projects.

      16th May 2017

    • Builder’s Association, SBI sign agreement for quick housing loans

      Realtor’s body CREDAI and SBI have signed an agreement that enables the provision of loans at concessional rates to customers and builders for affordable housing projects. CREDAI and SBI have signed an MoU to work together to develop the real estate sector through green housing and affordable housing projects.

      The duration of this agreement is 3 years said the State Bank of India. SBI will be providing 10 basis points concession to all home purchasers and 10-35 basis points to developer members of CREDAI. SBI is an important player in the home loans sector with a market share of 25%. Earlier, CREDAI had announced that 373 affordable housing projects would be launched by its members.

      10th May 2017

    • State Bank of India signs agreement with Builders Association

      CREDAI and SBI have joined hands to offer loans at concessional rates to customers and builders. This is done so that housing projects become affordable. MOU or memorandum of understanding has been signed by CREDAI and SBI for collaborating and working towards the real estate sector’s development. The agreement is valid for a period of three years. As per the managing director of State Bank of India, 10-35 basis points will be given to the developer members of CREDAI and 10 basis points will be given to the home buyers.

      10th May 2017

    • SBI and ICICI reduce Home Loan Interest Rates

      In a recent move SBI has cut its home loan interest rate by 0.15%, bringing the total interest rate from 9.30% down to 9.15%, the public sector bank’s close private sector rival ICICI has also taken note and dropped its interest rates by 0.15% as well, bringing it down from 9.35% to 9.20%. The banks made the rate cuts as a result of repeated requests from regulators to give some of the benefits of interest rate cuts to the borrowers and help boost the economic growth. Since the beginning of 2015 the Reserve Bank of India (RBI) has reduced the repo rate by 175 basis points, but the end consumer only receives a 60 – 90 basis point reduction. Also, due to the high processing fees charged to customers for loans any interest cuts are also considered redundant.

      21st November 2016

       
    • SBI offers lowest Home Loan Interest Rates yet

      The State Bank of India (SBI) has reduced its home loans interest rates to the lowest they have been in the past six years. The bank is offering loans at 9.15% to normal customers and 9.10% to female customers, this is part of a festive scheme that the bank is offering. This new rate comes in light of the 15 basis point general rate reduction last week. The festive rates are available for loans which were sanctioned during the months of November and December where disbursement of the loan takes place with a month. The bank has also waived off all processing fees on loans. SBI is looking at grabbing a large share of the home loan market by offering lower rates on takeover of loans from other banks.

      14th November 2016

       
    • SBI Chairperson Declares that the Bank is Judicious in Passing on Rate Cuts to Borrowers

      State Bank of India in a recent statement said that it has judiciously passed on reduction in interest rates announced by RBI to its customers and has also done so on a consistent month-on-month basis. The bank also said that it will bring down the rates further in the near term with an effort to benefit a massive number of home and auto loan seekers. SBI’s Chairperson Arundhati Bhattacharya said that the bank has already passed on 0.95% of RBI’s rate cut to borrowers ever since the sustained reduction in borrowing rates by the Central Bank. RBI has reduced borrowing rates by 1.75% since January 2016. The move will also benefit scores of corporate houses and small scale businesses, creating a conducive environment for economic growth. Moreover, with analysts indicating that inflation is due to fall in time to come, consumers can certainly expect additional reductions in interest rates.

      26th October 2016

       
    • SBI Introduces Hope Loans with Reduced rate of Interest

      SBI has been very busy in the past two weeks, first with the reduction in MCLR and now have come out with a special financing scheme called Hope Loans that offer low interest rates. For example, if one were to take an Rs 50 Lakh loan for a tenure of 30 years, they would save close to Rs 3.5 Lakh at the end of the tenure as compared to taking the loan the same period last year.

      The reduction in MCLR has brought the interest on home loans to 9.25% for women and 9.30% for men while the car loans are at 9.65%

      30th September 2016

       
    • Rs. 11,100 crore debt to be raised by SBI through private placement

      The State Bank of India confirmed that it will be raising Rs. 11,100 crore debt to overseas and Indian investors through private placement. The bank stated that the perpetual debt instruments could be denominated to US dollars or Indian Rupee. There were no confirmed timelines for the move. The debt is likely to rank as Tier 1 capital for SBI.

      The bank had declared that it would be merged with the State Bank of Patiala, State Bank of Hyderabad, State Bank of Mysore, State Bank of Travancore and State Bank of Bikaner & Jaipur recently.

      6th September 2016

       
     Loading your search... Loading your search...
  • SBI Home Loan Reviews

    • SBI Home Loan
      "Better Service"
      0.5 4.0/5 "Great!"
      In the year of 2014, I had taken a home loan from SBI. The rate of interest was around 10.15% at that time. EMI will be deducted from my salary account every month, so I do not have any interactions with the customer service executives till date.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 23, 2017
    • SBI Home Loan
      "Better "
      0.5 4.0/5 "Great!"
      I got the approval letter from the State bank of India for my home loan. Rate of interest was around 9% and I was not okay with that. Response and other aspects are good with them . Being an under construction property, the loan amount will be get disbursed shortly.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 22, 2017
    • SBI Home Loan
      "Satisfactory services"
      0.5 5.0/5 "Blown Away!"
      My home loan is from State Bank of India and this process was smooth for me. I had no hassles with the bank in the documentation or in the disbursement. Everything happened on time and and I got the funds I needed with a good deal on the interest and charges.
      Was this review helpful? 0
      , rourkela
      Reviewed on May 22, 2017
    • SBI Home Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I do have the home loan with the State bank of India and their interest rate is a good one with them. Services are not good with them and the loan amount got disbursed to my account within three months of four months of time. Lastly, even the processing charges were nominal one with them.
      Was this review helpful? 0
      , pune
      Reviewed on May 22, 2017
    • SBI Home Loan
      "Disappointed with the service"
      0.5 2.5/5 "Just OK"
      For me SBI services falls below expectation, because they did not stick to their interest rate. Initially I was quoted an interest rate of 8.5% however they offered me only 8.65%. Therefore SBI needs to stick on to their promises. Additionally, they had to appoint a responsible executive, also he or she should know how to handle the customer in a refined way.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 22, 2017
    • SBI Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I opted for home loan with SBI BANK, Their process was good and smooth and now also they do, Customer service and responsiveness was really good, It was a Good experience with the HDFC Bank. My HOME loan experience with SBI is Outstanding I would say they are good in service of loans and the loan amount I applied for 42 laks but I received only 38 lakhs because of the property value. They charged me some processing fee and they told me that they will refunded it which they did not do ,when I called to check that they confirmed that the time scales got lapsed.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 21, 2017
    • SBI Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The service provided was very good with State bank based on the Home loan process.The customer follow up made is the positive end of the bank.They have provided very immediate and fast service based on the application.The interest rate offered was 10.5% approximately .and its floating total loan amount was 10.70 laks and tenured is for 15 years applied in 2008.
      Was this review helpful? 0
      , nanded
      Reviewed on May 21, 2017
    • SBI Home Loan
      "Fast Service"
      0.5 4.0/5 "Great!"
      As soon as I submitted my documents with SBI for my housing loan, immediately they called me and the very next day they initiated the process. Interest rate is ok, though the current market rate is of 8.35% I got it for 8.70% but then there is no problem in interest rate. The process went good.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 20, 2017
    • SBI Home Loan
      "Average service."
      0.5 4.0/5 "Great!"
      My wife wanted me to take only SBI home loan as she thinks they do thorough verification of the project and so had to go for it though I preferred some private bank. They processed it within 12/15 days as it was March but had to travel 20+kms as the agent came from a far away branch. Otherwise all is well till now.
      Was this review helpful? 0
      , chennai
      Reviewed on May 19, 2017
    • SBI Home Loan
      "Trsutworthy and Reliable"
      0.5 5.0/5 "Blown Away!"
      I took the home loan with the State bank of India and I got the loan amount with them because of trust. Its the nationalized bank and that's the major thing made me to went ahead with them. Within two to three weeks of time, I got the home loan.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 19, 2017
    • SBI Home Loan
      "Convenient process"
      0.5 5.0/5 "Blown Away!"
      It was a excellent experience with State Bank of India for the home loan. The process was on time and I also got a good deal as well. The disbursement was on the date I needed it and the after loan services has been smooth too. The rate of interest was around 9% and I am comfortable with it.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 19, 2017
    • SBI Home Loan
      "Good Experience with SBI"
      0.5 3.0/5 "Satisfactory"
      SBI is one of the largest bank in India, whatever the loan we take they give transparent information they wont take any hidden charges. I have taken the home loan of Rs.25 lakhs with the tenure of five years without processing fee. SBI charged 8.5% of interest it is nominal as per the market.
      Was this review helpful? 1
      , chennai
      Reviewed on May 18, 2017
    • SBI Home Loan
      "Below average service"
      0.5 3.0/5 "Satisfactory"
      The process took too much time, Sbi executives told they will disburse the loan within 10 to 15 days, but then they took around 4 months to disburse my home loan , which is too long time. The rate of interest is nominal with SBI. Overall I can say it was an below average service.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 18, 2017
    • SBI Home Loan
      "Its Better"
      0.5 4.0/5 "Great!"
      SBI is cheapest loan provider across the India, they have provided lest interest rate 9.3% on home loan. But documentation process is very lengthy, I have submitted lot of documents, because they have stick with the RBI guidelines. SBI have satisfied me by giving 100% loan on my property value.
      Was this review helpful? 0
      , sonipat
      Reviewed on May 18, 2017
    • SBI Home Loan
      "Good deal"
      0.5 5.0/5 "Blown Away!"
      SBI has been good in the services for the home loan. It would have been better if I received the loan more sooner. The documentation was normal and the disbursement was also as needed. The interest rate was around 8% and the processing charges was minimal.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 18, 2017
    • SBI Home Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      Being an salaried account holder with SBI. I am very glad to have a loan with SBI. After submitting my documents they took around 10 days to disburse my home loan. The rate of interest is 8.35% which nominal with SBI. Overall I would like to thank State bank for providing a Home loan.
      Was this review helpful? 0
      , chennai
      Reviewed on May 18, 2017
    • SBI Home Loan
      "Better service"
      0.5 4.0/5 "Great!"
      The documentation and the verification process went smooth with State Bank of India Home loan. The rate of interest is nominal, when compared with others. The response part was good with State bank of India. Overall the service is good with SBI.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 18, 2017
    • SBI Home Loan
      "Better "
      0.5 4.0/5 "Great!"
      I got the home loan with the State bank of India and the loan amount got disbursed to my account within a month of time. Processing charges were nominal one with them. During documentation process also there were no issues with them.
      Was this review helpful? 0
      , chennai
      Reviewed on May 17, 2017
    • SBI Home Loan
      "Average"
      0.5 2.0/5 "Expected more"
      I have not received the documents like repayment schedule and other papers for my home loan with the State bank of India . State bank of India took long time to provide the disbursement , also the verification process was really huge one. Rate of interest was fine one for me and I would like to suggest that they need to optimize and speed up the process.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 16, 2017
    • SBI Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      My experience with State bank of India has always been fair. I had taken my home loan from them. The process was quick and it was completed on time by the bank. They also offered a good rate of interest 8.68%.and there was no processing charges toatal loan amount is 19 laks I have opted for.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 16, 2017
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.