Looking to buy your dream home? SBI’s Pre-approved Home Loan (PAL) can make the process smoother. With this loan, you get a pre-approved limit based on your income, even before you finalize your property. This gives you the confidence to negotiate with builders or sellers, knowing your financing is already in place. A small, non-refundable processing fee applies at the time of sanction, making your home-buying journey one step easier!
SBI Pre-Approved Home Loan Highlight
SBI’s Pre-Approved Home Loan offers a hassle-free way to secure financing for your dream home. With pre-approved limits, you can confidently approach builders and sellers, knowing your home loan is already in place.
| Category | Highlights |
|---|---|
| Interest Rates | 8.00% p.a. onwards |
| Loan Amount | Contact the Bank |
| Tenure | 30 Years |
| Processing Fees | 0.35% of the loan amount + GST, (₹2,000 – ₹10,000) |
SBI Pre-Approved Home Loan Interest Rates 2025
SBI offers competitive interest rates on their Pre-Approved Home Loans, making it easier to plan your finances. Find out the latest rates for 2025 and how they can help you save on interest payments.
| Product | Interest Rates |
|---|---|
| SBI Pre Approved Home Loan | 8.00% p.a. onwards |
Suggested Read: SBI Home Loan Interest Rates 2025
SBI Pre-Approved Home Loan Eligibility Criteria
To qualify for SBI’s Pre-Approved Home Loan, your eligibility is determined by factors such as income, employment status, and credit score. Check out the simple criteria to see if you’re eligible for this convenient loan option.
| Categories | Requirement |
|---|---|
| Minimum Age | 21 Years |
| Maximum Age | 70 Years |
| Nationality | Indian Resident |
Suggested Read: SBI Home Loan Customer Care
SBI Pre-Approved Home Loan Documents Required
Applying for SBI’s Pre-Approved Home Loan is quick and simple. Just make sure you have the necessary documents, like proof of income and identity, to get started on your home loan journey.
General Documents
| Document | Notes |
|---|---|
| Employer Identity Card | Official ID issued by employer |
| Completed Loan Application Form | Duly filled, attach 3 passport‑size photographs |
Suggested Read: Minimum CIBIL Score Required for a SBI Home Loan
Proof of Identity (submit any one)
| Acceptable ID |
|---|
| PAN Card |
| Passport |
| Driver’s License |
| Voter ID Card |
Proof of Residence (submit any one)
| Acceptable Document |
|---|
| Recent Telephone Bill |
| Electricity Bill |
| Water Bill |
| Piped Gas Bill |
| Passport |
| Driving License |
| Aadhaar Card |
Must Read: Best Property Valuation Practices
Property Papers
| Document | When / Where applicable |
|---|---|
| Permission for Construction | New builds where approval is required |
| Registered Agreement for Sale / Allotment Letter / Stamped Agreement for Sale | Registered Agreement for Sale—Maharashtra only |
| Occupancy Certificate | Ready‑to‑move properties |
| Share Certificate | Maharashtra housing societies |
| Maintenance, Electricity & Property Tax Bills | Latest copies |
| Approved Plan Copy (Blueprint) | Xerox blueprint of sanctioned plan |
| Registered Development Agreement of Builder | New property projects |
| Conveyance Deed | New property projects |
| Payment Receipts / Bank Statements | Evidence of all payments to builder/seller |
Account Statements
| Statement | Period to Submit |
|---|---|
| Bank Account Statements (all accounts) | Last 6 months |
| Existing Loan Account Statement | Last 1 year |
Suggested Read: SBI NRI Home Loan Eligibility Criteria
Income Proof – Salaried Applicants / Co‑applicants / Guarantors
| Document | Period |
|---|---|
| Salary Slips / Salary Certificate | Last 3 months |
| Form 16 | Last 2 years |
| IT Returns (acknowledged) | Last 2 financial years |
Must Read: How to Get a Home Loan With Out Income Proof?
SBI Pre-Approved Home Loan Processing Fees
SBI charges a non-refundable processing fee when you apply for a Pre-Approved Home Loan. Know the fee structure upfront to plan accordingly and avoid surprises.
| Processing Fees |
|---|
| 0.35% of the loan amount + GST |
| Minimum: ₹2,000 | Maximum: ₹10,000 |
Suggested Read: SBI Home Loan Prepayment Charges
SBI Pre-Approved Home Loan Other Fees and Charges
In addition to the processing fee, SBI may apply other charges throughout the loan process. Familiarize yourself with these fees to ensure a smooth and transparent experience.
| Charges/Reason | Details |
|---|---|
| CERSAI Registration Charges | ₹100 + GST |
| Fee for Switching to Current Card Rate | ₹5,000 + GST |
| Safe Custody Charges | ₹1,000 + GST per quarter or part thereof for delayed collection of original title deeds (beyond 60 days). |
| Conversion Charges for Switching Loan | Switching loan from MCLR/Base Rate/SBAR to EBLR is allowed at ₹1,000 per account + GST. |
| Penalty for Failed/Non-Payment of EMI | ₹250 + GST per EMI missed |
| Penalty for Cheque Returned (Insufficient Funds) | ₹500 + GST |
| Penalty for Failed SI/NACH | ₹250 + GST per failed SI/NACH transaction |
Check Out : Calculate Your Down Payment Now
How to Apply for SBI Pre-Approved Home Loan?
Applying for SBI’s Pre-Approved Home Loan is easy and straightforward.
- Visit the official SBI Home Loan Application Form.
Form A – Personal Details: Fill in your personal details such as name, date of birth, PAN, contact information, KYC, and marital status.
Form B – Employment & Income: Provide your employment status and income details to assess your loan repayment ability.
Form C – Property & Loan Details: Enter specifics about the property and the loan amount, tenure, and other details.
Form D – Declaration: Read and sign the declaration to confirm your agreement.
- Submit Required Documents
After completing the application, gather the necessary documents. SBI offers a doorstep document collection service for your convenience.
- Application Processing
Once you submit all the required documents, SBI will process your application. Upon successful application approval, you will receive a loan sanction letter.
Suggested: Check Out the Nearest SBI Branch
Compare Top Banks Home Loan Interest Rates 2025
Not sure if SBI’s rates are the best for you? Compare top banks’ home loan interest rates for 2025 and find the option that fits your budget and needs.
| Bank | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
|---|---|---|---|
| SBI Bank | 8.50% p.a. onwards | 8.5% p.a. onwards | 8.50% p.a. onwards |
| HDFC Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% 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 | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Punjab National Bank | 8.50% – 11.05% p.a. | 8.50% – 11.05% p.a. | 8.50% – 11.05% 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%-10.30% p.a. | 8.75%-10.30% p.a. | 8.75%-10.30% p.a. |
| Bank of India | 8.40% p.a onwards | 8.40% p.a onwards | 8.40% p.a onwards |
| TATA Capital | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
Conclusion
Buying a home is a big step. Getting a home loan can be hard, but we make it easy. Choosing Credit Dharma for your home loan simplifies this process. We offer expert advice and personalized assistance to make everything hassle-free. You’ll receive timely updates on your loan application and disbursement progress.
From the initial application to the final disbursement, we provide comprehensive support. Enjoy clear and honest communication at every stage, with no hidden surprises.
Frequently Asked Questions
A pre-approved home loan is a pre-sanctioned loan amount offered by banks/NBFCs based on your credit score, income, and repayment capacity. It assures eligibility for a specific loan amount before property finalization, simplifying the home-buying process.
Validity ranges from 3–6 months, depending on the lender. Renewal may require re-evaluation of your financial profile. Use this period to finalize your property.
Pre-approval accelerates loan disbursal, strengthens negotiation power with sellers, and reduces last-minute loan hassles. It also helps set a realistic budget.
Yes. Pre-approved loans are sanctioned without property details, while regular loans require property verification and valuation before approval.
Yes, but disbursal occurs in stages aligned with construction progress. Confirm your lender’s policy on under-construction projects before proceeding.
Interest rates are usually fixed based on your profile, but some lenders offer discounts for pre-approved offers. Compare rates across banks to secure the best deal.
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