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Eligibility Criteria for SBI Home Loan

Here are the eligibility criteria for different types of State Bank of India Home Loans:

Criteria	Salaried	Self-employed
Age Range	18 to 70 years	18 to 70 years
Nationality	Indian/NRI/PIO	Indian/NRI/PIO
Minimum Monthly Income	Rs 25,000 monthly	As per bank’s norms

Additional Eligibility Criteria:

• Indian residents and Non-Resident Indians (NRIs) aged 18 to 70 years.
• Co-applicants should be aged 21 to 70 years.
• Minimum Employment History: 2 years for salaried and 5 years for self-employed.

To know further about your eligibility, Click here. Also know your EMI here.

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SBI Home Loan Interest Rates

Interest Rates

Types	Interest Rate
Home Loan (TL)	8.50% to 9.65%
Home Loan Maxgain (OD)	8.70% to 9.85%
Tribal Plus Home Loan	8.60% to 9.55%
Top-Up Loan	8.80% to 11.30%
Top-Up (OD) Loan	9.00% to 9.95%
P-LAP Loan	10.00% to 11.30%
Reverse Mortgage Loan	11.55%
YONO Insta Home Top-Up Loan	9.35%

SBI Home Loan Processing Fee and Charges

Processing Charges

Charge Type	Amount
Processing Fees (Regular Home Loan)	0.35% of the loan amount ( min Rs. 2,000)
Processing Fees (Other Home Loan Products)	0.35% of the loan amount (min Rs. 2,000)
Home Top-Up Loan	0.35% of the loan amount (min Rs. 2,000)
Personal Loan against Property (P-LAP)	1% of loan amount
YONO Insta Home Top-Up Loan	Rs. 2000
Reverse Mortgage Loan	0.50%, min Rs. 2000
Earnest Money Deposit (EMD) Scheme	0.50%
Suraksha Loan	NIL
Privilege & Shaurya Home Loans	NIL
Apon Ghar (Home Loan up to Rs. 15 lakhs)	NIL
Kerala Govt Employees Home Loans Scheme	NIL
CERSAI Charges	Rs. 50 – Rs. 100 plus GST
Prepayment Charges (Floating Rate Loans)	NIL
Prepayment Charges (Fixed Rate Loans)	2% of the principal outstanding

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Documents Required for SBI Home Loan

Here are the list of documents required by SBI

Identity Documents

Document Name	Salaried Applicants	Self-employed Applicants
Proof of Identity	✔	✔
Address Proof	✔	✔
Age Proof	✔	✔
Passport-sized Photographs	✔	✔

Proof of Income

Document Name	Salaried Applicants	Self Employed Professional	Self Employed Non Professional
Last 3 month’s Salary Slips	✔	✖	✖
Last 6 months’ Bank Statements	✔	✖	✖
Latest Form-16 and IT returns	✔	✖	✖
Income Tax Returns	✖	✔	✔
At least last 2 years’ Balance Sheet and Profit & Loss A/c Statements	✖	✔	✔
Last 12 months A/c Statements of the business entity and of the individual	✖	✔	✔

Other Documents

Document Name	Salaried Applicants	Self Employed Professional	Self Employed Non Professional
Own Contribution Proof	✔	✔	✔
Employment Contract	✔	✖	✖
Last 6 months’ Bank Statements	✔	✔	✔
Passport size photograph of all the applicants	✔	✔	✔
Cheque for processing fee favoring SBI	✔	✔	✔
Business Profile	✖	✔	✔
Latest Form 26 AS	✖	✔	✔
List of Directors and Shareholders with their individual shareholding certified by a CA / CS	✖	✔	✔
Memorandum and Articles of Association of the Company	✖	✔	✔
Partnership deed	✖	✔	✔

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SBI Home Loan Schemes and Top Plans

Comparison

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How to Apply for a Home Loan from SBI?

Applying for a home loan under the State Bank of India is convenient, whether through offline or online channels:

Offline Application Process:

1. Visit the nearest SBI branch.
2. Consult with a bank representative, explore SBI schemes, check eligibility criteria, and fill out the application form.
3. Finally submit all required documents for verification.

Online Application Process:

1. Visit the official SBI home loans website (https://homeloans.sbi/).
2. Then, check eligibility criteria for all home loans offered by SBI.
3. Thereafter, fill out the application form online.
4. After submitting the application form and documents, an SBI representative will contact you to proceed with the application process.

Also know how to check your bank statements online .

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How to Download SBI Home Loan Statement?

Downloading your SBI home loan statement is quick and easy, allowing you to access your loan details and track your payments online.

1. Log in to the SBI Online Banking website using your user ID and password.
   
2. Navigate to ‘e-Services’ and select the ‘My Certificates’ option.
   
3. Click on ‘Home Loan Int. Cert. (Prov)’ to access your SBI home loan provisional certificate.
   
4. Choose the relevant home loan account for which you want the statement.
   
5. You can view, print, or download your loan statement as a PDF file for future reference.

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SBI Customer Care

To facilitate effective communication with customers, in addition, SBI offers various channels for customer support.

Contact Method	Details
Email ID	customercare.homeloans@sbi.co.in
Toll-Free Number	1800 1234 / 1800 2100 / 1800 11 2211 / 1800 425 3800
Text Message	SMS “UNHAPPY” to 8008 20 20 20
Official Address	Customer Service DepartmentState Bank of IndiaState Bank Bhavan, 16th FloorMadam Cama Road,Mumbai 400 021
Website	https://homeloans.sbi/

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Comparison

You can also compare the home loan rates of different banks here. State Bank of India home loan interest rates vs interest rates from other top banks. For detailed comparison between top banks you can visit our compare banks page. state bank of india home loan interest rates

Bank	Up to Rs. 30 Lakh	Above Rs. 30 Lakh to Rs. 75 Lakh	Above Rs. 75 Lakh
SBI Bank	8.5% p.a. onwards	8.5% p.a. onwards	8.5% p.a. onwards
HDFC Bank	8.7% p.a. onwards	8.7% p.a. onwards	8.7% p.a. onwards
LIC Bank	8.50% – 10.35% p.a.	8.50% – 10.55% p.a.	8.50% – 10.75% p.a.
ICICI Bank	8.85% p.a. onwards	8.85% p.a. onwards	8.85% p.a. onwards
Kotak Mahindra Bank	8.70% p.a. onwards	8.70% p.a. onwards	8.70% p.a. onwards
Punjab National Bank	8.40% – 12.10% p.a.	8.40% – 12.10% p.a.	8.40% – 12.10% p.a.
Bank Of Baroda	8.40% – 10.65% p.a.	8.40% – 10.65% p.a.	8.40% – 10.90% p.a.
Bajaj Housing Finance	8.50% p.a. onwards	8.50% p.a. onwards	8.50% p.a. onwards
Axis Bank	8.75%-13.30% p.a.	8.75%-13.30% p.a.	8.75%-9.65% p.a.
Bank of India	8.4% p.a onwards	8.4% p.a onwards	8.4% p.a onwards
TATA Capital	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards