SBI’s Home Loan offers interest rates starting as low as 8.50% p.a. with a flexible tenure of up to 30 years. Plus, there are exclusive benefits for women borrowers, making your dream home more accessible than ever. Whether you’re a first-time buyer or looking to upgrade, SBI provides customized options to suit every requirement. With its hassle-free process and attractive features, owning your dream home has never been easier!
SBI General Home Loan Interest Rates
Explore the SBI Home Loan Interest Rates in the table below to find the perfect option for your needs.
| Loan Type | Interest Rate |
|---|---|
| Home Loan (TL) | 8.50% to 9.65% |
| Home Loan Maxgain (OD) | 8.70% to 9.85% |
Check out: SBI Home Loan EMI Calculator to quickly estimate your monthly payments.
SBI General Home Loan Eligibility Criteria
| Criteria | Details |
|---|---|
| Resident Type | Resident Indian |
| Minimum Age | 18 years |
| Maximum Age | 70 years |
| Loan Tenure | Up to 30 years |
Check Out: SBI Home Loan Eligibility Calculator to instantly check your eligibility for a home loan
SBI General Home Loan Processing Fees
Check out the processing fee details for SBI Regular Home Loans, designed to keep your costs low and transparent.
| Home Loan Type | Processing Fee |
|---|---|
| SBI General Home Loans | 0.35% of the loan amount Minimum Rs. 2,000/- Maximum of Rs. 10,000/- |
Features and Benefits of SBI General Home Loan
| Features of SBI Home Loans | Details |
|---|---|
| Attractive Low Interest Rates | Offers competitive interest rates to suit customer needs. |
| Minimal Processing Fees | Ensures affordable upfront costs. |
| Transparent with No Hidden Charges | Provides complete transparency in charges. |
| No Prepayment Penalty | Allows borrowers to prepay loans without incurring additional fees. |
| Daily Reducing Balance for Interest Calculation | Ensures interest is calculated on the outstanding balance daily, reducing overall interest. |
| Flexible Repayment Tenure of Up to 30 Years | Offers longer repayment tenure to manage EMIs effectively. |
| Option to Avail Home Loan as an Overdraft | Provides overdraft facility for added flexibility. |
| Special Interest Concessions for Women Borrowers | Offers preferential rates for women borrowers under Her Ghar scheme |
SBI General Home Loan Common List of Documents
Here is the common list of documents required.
- Proof of Residence – Recent copy of Utility Bills, Passport, Driving License or Aadhaar Card
- Duly filled and signed SBI home loan application form
- Three passport size photographs
- Proof of Identity – PAN Card, Passport, Voter ID or Driving License
How to Fill the SBI Regular Home Loan Application Form Online
Applying for an SBI home loan online is quick and convenient. Follow these steps:
- Visit the Official SBI Home Loans Portal
- Go to the SBI Home Loan Application Page
- Click on ‘Apply Now’
- Navigate to the Home Loans section and click on ‘Apply Now.’
- Complete Personal & Loan Details
- Fill in your personal details such as name, date of birth, and contact information.
- Provide details about the property, loan amount required, and tenure.
- Upload Documents
Upload scanned copies of required documents like income proofs, identity proofs, and property documents. - Submit the Form
Review your application and click ‘Submit.’ Once done, you’ll receive a unique reference number to track your application.
Other SBI Home Loan Products
| Home Loan Products | Interest Rates |
|---|---|
| SBI NRI Home Loan | 8.50% onwards. |
| Sbi Privilege Home Loan | 8.50% onwards. |
| Shaurya Home Loan -For Defence/Navy/Airforce personnel | 8.50% onwards. |
| Pre-Approved SBI Home Loan | 8.50% onwards. |
| SBI Realty-For Plot Purchase | 8.50% onwards. |
| SBI Tribal Plus | 8.60% onwards. |
| SBI Top-Up Loan | 8.80% onwards. |
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Compare Home Loan Interest Rates from other Top Banks
| 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
The SBI General Home Loan stands out as an optimal choice for those seeking home financing in India. With its array of features, competitive interest rates, and the trust of a banking giant like SBI, it’s no wonder that countless Indians have chosen this as their preferred route to home ownership.
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.
Frequently Asked Questions
The maximum tenure for the home loan is 20-30 years (but the tenure of the loan can also change based on the scheme.
Offers both fixed and floating interest rate options for home loans. With a fixed rate, the interest remains constant throughout the loan tenure, while with a floating rate, it fluctuates with the market condition.
SBI determines the interest rate based on factors like the loan amount, loan tenure, CIBIL Score, and the type of interest rate (fixed or floating) chosen by the borrower.
You can calculate the EMI for using any online EMI Calculator
HDFC Home Loan
SBI Home Loan
