State Bank of India (SBI) offers the Shaurya Home Loan, exclusively for Army, Navy, and Defence personnel. This home loan comes with lower interest rates, starting at just 8.00% p.a., and an extended repayment tenure of up to 30 years.
SBI Shaurya Home Loan Highlights
Designed to honor the dedication and sacrifices of those serving the nation, State Bank of India aims to make homeownership a seamless and affordable process with SBI Shaurya Home Loan.
| Category | Highlights |
|---|---|
| Rate of Interest | 8.00% p.a. onwards |
| Home Loan Amount | Based on Eligibility |
| Loan Tenure | Up to 30 Years |
| Processing Fees | Zero (Not Applicable) |
Data Source: SBI Home Loan Interest Rates
SBI Shaurya Home Loan Interest Rates 2025
The SBI Shaurya Home Loan offers lower interest rates. Additionally, SBI offers concession on interest rates if the loan repayments are automatically deducted from the borrower’s salary or bank account.
| SBI Home Loan Scheme | Interest Rate (p.a.) |
|---|---|
| SBI Shaurya Home Loan | 8.00% p.a onwards |
The interest rates offered are largely influenced by the applicant’s CIBIL score, meaning a higher score could result in more favorable loan terms.
Read More: Calculate SBI Shaurya Home Loan EMI
SBI Shaurya Home Loan Eligibility Criteria
Ensuring you meet the eligibility requirements is the first step towards securing the SBI Shaurya Home Loan.
| Criteria | Requirement |
|---|---|
| Nationality | Indian Resident |
| Age | 18 years – 75 years |
| Borrower profile | Active or retired Army/ Navy/ Air Force/ Defence employees. |
Check Out: SBI Home Loan Eligibility Calculator
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SBI Shaurya Home Loan Fees and Charges
All banks offering home loans charge certain fees. The SBI Shaurya Home Loan includes processing fees, administrative charges, and potential prepayment penalties.
| Category | Fees and Charges |
|---|---|
| Processing Fee | NA (Waived OFF) |
| Pre-Sanction Fees | Advocate’s Fee: Covers property search and title investigation report. Valuer’s Fee: For obtaining the official property valuation report. |
| Post-Sanction Fees | Stamp Duty: Applicable for the loan agreement. Property Insurance Premium: Required to insure the property. |
| CERSAI Registration Fee | Up to ₹5 Lakh: ₹50 + GST Above ₹5 Lakh: ₹100 + GST |
Read More: What is CERSAI Fees?
SBI Shaurya Home Loan Documents Required
Gathering the right documents beforehand can streamline your application and speed up approval. Here’s a quick rundown of what you’ll need.
General Documents
| Category | Documents Required |
|---|---|
| Proof of Identity | PAN Card/ Driver’s License / Voter ID / Passport / Aadhar Card |
| Proof of Address | Driver’s License / Ration Card / Voter ID / Passport / Aadhar Card / Registered Rent Agreement |
Property Documents
| Document(s) |
|---|
| Permission for construction (where applicable) |
| Registered Agreement for Sale (only for Maharashtra) / Allotment Letter / Stamped Agreement for Sale |
| Occupancy Certificate (in case of ready-to-move property) |
| Share Certificate (only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt |
| Approved Plan Copy (Xerox Blueprint) & Registered Development Agreement of the builder, Conveyance Deed (New Property) |
| Payment Receipts or Bank A/C Statement showing all payments made to Builder/Seller |
Income Proof Documents
| Salaried Applicants | Self-Employed Applicants |
|---|---|
| Salary Slip (Last 3 months) | IT Returns (Last 3 years) |
| Salary Certificate (Last 3 months) | Balance Sheet & Profit & Loss Account (Last 3 years) |
| Form 16 (Last 2 years) | Business License Details (or equivalent) |
| IT Returns (Last 2 financial years, acknowledged by IT Dept.) | TDS Certificate (Form 16A, if applicable) |
Read More: How to Get a Home Loan without All Property Documents?
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How to Apply to SBI Shaurya Home Loan?
- Check Eligibility: Ensure you are a serving or retired member of the Indian Army, Navy, Air Force, Coast Guard, or Paramilitary Forces.
- Gather Required Documents: Collect necessary documents such as identity proof, address proof, income proof, property documents, and bank statements.
- Choose Application Mode: Decide whether to apply online via the SBI Home Loans portal or visit the nearest SBI branch.
- Fill Application Form: Complete the loan application form with accurate personal, financial, and property details.
- Submit Application: Submit the filled application form along with the required documents either online or at the branch.
- Verification Process: SBI will verify the submitted documents and assess your eligibility and creditworthiness.
- Loan Sanction and Disbursement: Upon successful verification, SBI will sanction the loan and disburse the amount as per the agreed terms.
SBI Home Loan Other Products
Explore the competitive interest rates offered on a variety of SBI Home Loan products tailored to meet diverse needs.
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| SBI Regular Home Loan | 8.50% p.a. – 9.65% p.a. |
| SBI Maxgain (Overdraft) | 8.25% p.a. – 9.15% p.a. |
| SBI Tribal Plus Home Loan | 8.60% p.a. – 9.55% p.a. |
| SBI Home Loan Top Up | 8.30% p.a. – 10.80% p.a. |
| SBI Home Loan Top Up (OD) | 8.50% p.a. – 9.45% p.a. |
| SBI Loan Against Property | 9.50% p.a. – 10.80% p.a. |
| SBI Reverse Mortgage Loan | 11.05% p.a. onwards |
| SBI YONO Insta Home Loan Top Up | 8.85% p.a. onwards |
Compare Top Banks Home Loan Interest Rates
| Bank | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
|---|---|---|---|
| SBI Bank | 8.00% p.a. onwards | 8.00% p.a. onwards | 8.00% 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% onwards | 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 |
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Frequently Asked Questions
The interest rate for the SBI Shaurya Home Loan typically starts from 8.50% per annum.
The maximum loan amount under the SBI Shaurya Home Loan varies based on the applicant’s profile, repayment capacity, and the value of the property.
The SBI Shaurya Home Loan offers tenures of up to 30 years. Longer tenures result in lower EMIs but higher total interest paid over the loan’s duration, while shorter tenures lead to higher EMIs and lower total interest.
Yes, the loan can be utilized for purchasing a ready-built house or flat, constructing a new house, purchasing a plot for construction, or extending/renovating an existing house.
Processing times can vary based on factors like application completeness and verification processes. While SBI aims to process the applications in 3 – 10 days, external factors must be considered.
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