Get the lowest interest rates with SBI Bank

SBI is one of India's most trusted public sector banks with a rich history. Its home loans are highly popular among borrowers due to competitive interest rates starting at 8.75% per annum, diverse loan products, flexible repayment options, and a maximum tenure of 30 years. With over 30 lakh families having realized their dream of homeownership through SBI home loans, the bank's responsive customer service and reasonable processing fees ranging from Rs. 10,000 to 0.25% add to its appeal. Additionally, SBI offers exclusive interest rate concessions for women, defense personnel, and tribal people, all available on a floating rate basis.

SBI Home Loan Interest Rates in 2024

SBI home loan interest rate starts from 8.50% onwards and largely depends on the credit score and the type of plan chosen by the applicant. The table below lists the SBI home loan interest rate 2024 for all the popular plans based on the CIBIL score:

Loan Slab Interest Rate for Home Loan
SBI Regular Home Loan 9.15% - 9.75%
SBI Tribal Plus Home Loan 9.25% - 9.75%
SBI Top-Up Home Loan 9.55% - 10.45%
SBI Realty Home Loan 9.45% - 10.05%
SBI CRE Home Loan 9.35% - 10.15%
SBI P-LAP Home Loan 10.90% - 11.30%

SBI Bank Home Loan Eligibility Criteria

SBI bank offers multiple types of home loan facilities to resident Indians and NRIs based on their age, nationality, credit score, and income source. You can check the same using the SBI home loan eligibility calculator on BASIC home loan.

Eligibility Parameters For Salaried Individuals For Self-Employed Individuals
Age Range (in years) 18 - 75 years 18 - 75 years
Nationality Indian Resident/ NRIs/ PIOs Indian Resident/ NRIs/ PIOs
Minimum Income Earned Rs. 25,000 per month Rs. 25,000 per month

SBI Home Loan Processing Fee and Charges

SBI bank charges a fee to process the customer's home loan application, termed the processing fee. Besides the SBI home loan processing fee, there are other charges subject to charge by the bank for different home loan products.

Processing Fee INR 10,000 to 0.35%
ECS Dishonour Charges Rs. 250
Late EMI Payment Charges 2% per annum for loans above Rs. 25,000
Statutory Charges As per state-applicable laws
Cheque Bounce Charges Rs. 250 for every bounced payment
Loan calculator

SBI Bank Home Loan EMI Calculator

Loan Calculator

Loan Amount
₹
Interest Rate
%
Loan Duration
@example.com
Total Amount

EMI Amount
Interest Payable
  • EMI Amount (Principal + Interest)
  • Interest Payable
  • Loan Duration
  • Your EMI Amount
Apply Now