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

    You can use the SBI Regular Home Loan plan to buy a newly built home, a previously owned home, or a property in the process of being built. You can also use the money to build a house or renovate one that you already own.

    Another benefit of this financing program is that women are eligible for reduced charges. The financing arrangement is open to both paid and self-employed workers.

    Home Loan (Term Loan) Interest Rates 

    Loan Amount Term Loan (Salaried)
    Up to Rs.30 lakh 6.80%
    Above Rs.30 lakh to Rs.75 lakh 7.05%
    Above Rs.75 lakh 7.15%

    Home Loan as Overdraft (Maxgain) Interest Rates 

    Loan Amount MAXGAIN (Salaried)
    Up to Rs.30 lakh 7.15%
    Above Rs.30 lakh to Rs.75 lakh 7.40%
    Above Rs.75 lakh 7.50%

    Festive Offers

    Loan Bracket CIBIL/CIC Score CIBIL/CIC Score
    Up to Rs.30 lakh Less than 800 No Change in present terms applicable for Card Interest rate
    More than 800 6.70%
    700-750 6.90%
    751-800 6.80%
    Over Rs.30 lakh Over 800 6.70%

    Features and Benefits of SBI Regular Home Loan 

    • Competitive interest rates starting from 6.80% p.a.
    • Interest rate concession for women applicants 
    • Repayment tenure of up to 30 years 
    • No hidden charges 
    • No prepayment penalties levied 
    • Home loan overdraft facility available 

    Eligibility Criteria 

    Resident type Indian
    • Minimum: 18 years 
    • Maximum: 70 years 
    Employment type Salaried and self-employed

    Documents Required 

    • Employer's ID card
    • 3 passport-size photographs with the duly filled loan application form 
    • Address proof
    • Identity proof
    • Property-related documents 
    • Last 6 month's bank account statements 
    • Loan account statement for the last 1 year (only if applicable) 
    Income proof for the salaried:
    • Last 3 month's salary slips
    • Copy of Income Tax Returns for the last 2 years or copy of Form 16
    Income proof for the self-employed/non-salaried
    • Last 3 year's profit and loss account statements
    • Last 2 year's Income Tax Returns
    • Business address proof
    • Business license details 
    • Balance sheet details for the last 3 years 
    • TDS certificate 
    • Qualification certificate (for doctors, C.A., and other professionals) 


    1. What documents would I require at the time of property possession?

      At the time of possession, you will require original copies of the title agreements and with the building plan approval letter, possession letter, original receipts of stamp duty and registration, NOC (No Objection Certificate) from the “society”, and proof of payment of all outstanding dues including taxes till the date of possession.

    2. Is there any way to verify that the documents provided by the seller are genuine?
      • Building approvals can be confirmed from the corporation office 
      • Property ownership documents can be verified from the Sub-Registrar’s office 
      • Society-related share certificates can be verified from the society itself 
    3. Is there any limit to the number of properties I can own?

      No, there’s no limit as such. You can own as many properties as you want.

    4. Can an NRI apply for this facility?

      No, only those residing in India can apply for this scheme.

    5. I am planning to buy a new property. What are the documents I need to check?
      • Title deed 
      • Sale deed 
      • Building plan approvals 
      • Encumbrance certificate 
      • Khata certificate 
      • Completion certificate for newly constructed property 
      • Property commence certificate for under construction property 
      • Conversion certificate 
      • Latest tax receipts 
      • Property occupancy certificate 

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