State Bank of India Home Loan
SBI Home Loan rates start from 7.25% p.a. on a floating, EBLR-linked structure — SBI does not publish a ceiling rate, so the actual rate depends on loan amount, tenure and credit profile. The bank charges a processing fee of 0.35%, bounded between ₹2,000 and ₹10,000, and carries no prepayment penalty on floating-rate loans.
Loan amounts run from ₹5 lakh to ₹10 crore over tenures up to 30 years. Eligibility requires a CIBIL score of 700 or higher and minimum monthly income of ₹25,000 for salaried applicants, with self-employed and professional borrowers also accepted. SBI also offers a Pradhan Mantri Awas Yojana subsidy for qualifying borrowers and accepts balance transfers from other lenders.
Documents required
- PAN Card
- Aadhaar Card
- Income proof
- Property documents
- Agreement to sell
- Builder NOC
As published by State Bank of India. Your branch may ask for more.
Best for: Borrowers who prefer a public-sector lender for a long-tenure home loan.
Eligibility
The upper age limit is set so the loan closes by retirement.
Loan terms
- Lowest processing fee in India
- Top-up available
- Balance transfer accepted
- Pradhan Mantri Awas Yojana subsidy eligible
Fees & charges
Tax: principal up to ₹1.5L under 80C and interest up to ₹2L under 24(b) per year for a self-occupied home (subject to conditions). Confirm with a tax adviser.
FAQ
Most home loans are floating (EBLR/repo-linked). Floating-rate loans to individuals carry no foreclosure charge, so you can prepay freely — usually the better choice unless you specifically need rate certainty.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.
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