Home loan eligibility checklist for SBI

home loan eligibility checklist for SBI

A big step toward realizing the dream of house ownership is getting a home loan. One of the biggest reputed banks in the nation, State Bank of India (SBI), provides a range of house loan choices to help realize this ambition.

To accommodate the various demands of prospective homeowners, SBI provides a variety of house loan packages. SBI Bank offers a loan for any purpose, which includes building new homes, purchasing existing ones, and remodeling spaces.  

A broad range of individuals can apply for house loans from the State Bank of India (SBI) thanks to a straightforward set of requirements. To accommodate different needs, there are numerous home loan plans with appealing interest rates and repayment terms.

SBI Home Loan Eligibility Criteria

The following are the requirements listed below for State Bank of India home loans:


18 to 70 years

Type of Employment

Salaried individuals, non-salaried business people, or professionals

Loan-to-Value (LTV) Ratio

80% to 90%
  • SBI Flexipay Home Loan: 45 years is the maximum age to apply, and 70 years is the maximum age to repay the loan.
  • SBI Privilege House Loan: Only State and Central Government personnel, as well as those with pensionable service and employees of public sector banks and PSUs, are eligible for this house loan program.
  • SBI Shaurya Home Loan: Employees of the armed forces are the only ones eligible for this home loan program, which offers them longer repayment terms and cheaper interest rates than the general public.
  • SBI Smart Home Top-Up Loan: A CIBIL score of greater than 550 is required for eligibility, in addition to the other requirements. In addition, there should be no other ongoing top-up loans and a consistent repayment history that extends beyond the end of any moratorium by more than a year.
  • SBI Tribal Plus: This home loan program has a minimum entrance age of 21 years old and a maximum age of 60 years old.

SBI Home Loan Eligibility Based on Salary

Qualifying for a home loan from the State Bank of India is contingent upon several variables, like the applicant’s age, credit score, and income or pay.

The SBI home loan eligibility calculator provided below allows you to determine how much loan you qualify for based on a range of monthly incomes, starting interest rates between 9.15% and 12.95%, a maximum repayment period of 30 years, and the assumption that you have no other debts that require Equated Monthly Instalments (EMI) for other loans.

Monthly Income
Loan Amount

Rs. 25,000


Rs. 30,000


Rs. 35,000


Rs. 45,000


Rs. 50,000


Rs. 55,000


Rs. 60,000


Rs. 65,000


Rs. 70,000


SBI Home Loan Eligibility Based on Age

State Bank of India offers a 30-year maximum payback time for home loans. The following list shows the maximum age-based loan term for SBI home loans.

Age of the Applicant’sMaximum Eligible Period

21 years to 30 years
30 years

31 years
29 years

32 years
28 years

33 years
27 years

34 years
26 years

35 years
25 years

36 years
24 years

37 years
23 years

38 years
22 years

39 years
21 years

40 years
20 years

SBI Home Loan Eligibility Based on Credit Score

In order to be eligible for a house loan, your credit score is crucial to be considered. By doing credit bureaus, SBI, like other financial institutions, verifies your creditworthiness.

RatingCredit Score
Good750 and above
Average600- 750

Below 600

Factors Impacting Eligibility for SBI Home Loans

The following criteria determine your eligibility for an SBI home loan:

  • The age of the applicant
  • The applicant’s credit rating
  • The applicant’s pay or source of income
  • Indian nationality

SBI Home Loan Eligibility

Being the biggest bank in the nation, SBI has strict requirements for qualifying for house loans. Discover more information that may influence your choice-

  • Government Employees Special Scheme- With reduced interest rates and exclusive incentives, SBI provides government employees with customized home loan plans.
  • In-Principle Approval- Before choosing your property, you can verify your eligibility and obtain a provisional sanction with SBI’s “in-principle approval” option.
  • Discover SBI’s FlexiPay program- It enables young individuals to choose larger loan amounts with longer initial payback terms.


Considering your financial status, the property you want to buy, and the bank’s requirements in their aspects is crucial in navigating the house loan eligibility requirements provided by SBI Bank. The goal of this guide is to make the procedure straightforward for you by equipping you with the information required to determine eligibility and craft a compelling home loan application for SBI Bank.

One should always know that in working with any financial institution, which includes SBI, accuracy, transparency, and readiness are essential. Your chances of getting the house loan that would let you move into your dream home are increased if your financial profile matches SBI’s home loan eligibility checklist.


How does SBI assess the eligibility of self-employed individuals?

If you’re self-employed, SBI considers the nature and stability of your business. Business financials, including profit and loss statements, balance sheets, and income tax returns, may be required to assess the viability of your business.

What advantages does SBI offer compared to other banks for home loans?

SBI is a trusted and reputed institution with competitive interest rates, a variety of home loan products, flexible repayment options, transparent practices, and a customer-centric approach. These factors contribute to a positive borrowing experience.

How does SBI assess the value of the property I want to buy?

SBI evaluates the property’s value to determine the loan amount. Ensure the property value aligns with SBI’s criteria, as it directly affects the loan-to-value ratio (LTV) – the percentage of the property’s value that the bank is willing to finance.

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