State Bank of India

SBI Home Loan

Interest from

7.50%

p.a. reducing

Loan amount

₹5 L – ₹10 Cr

secured

60–360 moTenure

0.35%Processing fee

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Calculate your EMI

Move the sliders to see monthly EMI, total interest, and total cost of this loan.

Loan amount₹30,00,000

Tenure20 years

Interest rate7.50%

Your actual rate depends on your credit profile, income, and employer category.

Monthly EMI

₹24,168

Total interest

₹28,00,271

Total payment

₹58,00,271

Processing fee (0.35%)

₹10,500

Total cost of this loan

✨ interest + processing fee

₹28,10,771

Interest Rate7.50% – 8.70%Floating

Max Amount₹10 Crfrom ₹5 L

Tenure5 yrs – 30 yrs

Processing Fee0.35%₹2K – ₹10K

✓ Best for

PSU/government employees and women borrowers — concessional EBLR spread plus the lowest fee structure among scheduled banks.

⚠ Not ideal for

Self-employed with under-3-year ITR — SBI underwriting prefers 3+ years of declared income.

Key highlights

Lowest processing fee in India
Top-up available
Balance transfer accepted
Pradhan Mantri Awas Yojana subsidy eligible

Total cost of this loan

For a ₹30 L loan over 20 yrs at 7.50% — your best-case scenario.

Monthly EMI: ₹24,168
Total interest: ₹28,00,271
Processing fee (0.35%): ₹10,500
Total cost: ₹28,10,771

You repay ₹58,10,771 for ₹30,00,000 borrowed.

Customize amount, tenure & rate in the EMI calculator above ↑

Rate and prepayment

This is a floating-rate loan. No prepayment penalty — you can foreclose or pre-pay any amount at any time, free of charge (RBI mandate for floating-rate individual loans).

Compare State Bank of India with other home loan lenders

Data verified — last updated April 2026

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About State Bank of India

Type: Bank
Established: 1955
Headquarters: Mumbai
Rating:4.0/5

India’s largest public-sector bank. EBLR 7.90% (repo 5.25 + 2.65 spread) effective 01-Apr-2026; home loans from 7.50%, Xpress Credit personal from 11.45%, auto from 8.70%.

Visit State Bank of India website

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Protect your home

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