Interest Rates 201814353 views
State Bank of India is known for its customer-friendly products and services. Having said that, loans like home loans have given people the opportunity to live their dream. So, if you have been waiting to get a lender that can offer you a housing loan with lowest interest rates, apply at SBI. The rate offered by the bank is presently the lowest starting at 8.65% per annum. It gives you the chance to book your own home within your budget. The bank offers home loans to both salaried as well as self-employed individuals depending on the main factors like the property value for which the loan is applied and the repayment capacity of the applicant. If you are an existing home loan borrower from another bank where the rate is higher, State Bank of India has the facility of balance transfer as well. Thus, you can transfer your existing home loan to SBI and pay a much lower EMI as compared to the existing one. However, if you are applying for a home loan for the first time, read below the rates and other important details associated with SBI home loan.
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Table of Contents
- 1 SBI Home Loan Interest Rates for All Schemes
- 1.1 SBI Home Loan Interest Rates September 2018
- 1.2 SBI Regular Home Loan Interest Rate September 2018
- 1.3 SBI Top-Up Home Loan Interest Rate September 2018
- 1.4 SBI Flexipay Home Loan Interest Rate September 2018
- 1.5 Maxgain-Home loan Interest Rate
- 1.6 NRI Home Loan Interest Rate
- 1.7 Realty Home Loan Interest Rate
- 1.8 SBI Pre-approved Loan (PAL) Interest Rate September 2018
- 1.9 Tribal Plus Interest Rate
- 1.10 Privilege Home Loan Interest Rate
- 1.11 Shaurya Home Loan Interest Rate
- 1.12 Bridge Home Loan Interest Rate
- 1.13 Plot Loan Interest Rate
- 2 SBI Home Loan Interest Rates for Existing Customers
SBI Home Loan Interest Rates for All Schemes
SBI offers home loan at affordable interest rates that vary according to the loan amount, offered home loan scheme and eligibility (salaried/self-employed). The bank also offers the loan to the applicants on both fixed as well as floating rates.
SBI Home Loan Interest Rates September 2018
Below is the table showing the rate of interest, tenure, maximum loan amount, and processing fee applicable to SBI home loans.
| Particulars | Details |
|---|---|
| Interest Rate | 8.65% - 9.20% |
| Loan Amount | Customized |
| Tenure | Up to 30 years |
| Processing Fees | Nil till December 31, 2018 |
| Prepayment Charges | 0% |
SBI Regular Home Loan Interest Rate September 2018
| Profession | Loan Amount | Interest Rates for Women (p.a.) | Interest Rates for Others (p.a.) |
|---|---|---|---|
| Salaried Borrowers | Upto 30Lac | 8.65%-8.75% | 8.70%-8.80% |
| Above 30lac to 75Lac | 8.80%-8.90% | 8.85%-8.95% | |
| Above 75Lac | 8.90%-9.00% | 8.95%-9.05% | |
| Non Salaried Borrowers | Upto 30Lac | 8.80%-8.90% | 8.85%-8.95% |
| Above 30lac to 75Lac | 8.95%-9.05% | 9.00%-9.10% | |
| Above 75Lac | 9.05%-9.15% | 9.10%-9.20% |
SBI Top-Up Home Loan Interest Rate September 2018
| Loan Amount | Interest Rates (p.a.) for Salaried | Interest Rates (p.a.) for Non Salaried |
|---|---|---|
| Above 5 lakhs - Up to 20 lakhs | 8.90%-9.00% | 9.05%-9.15% |
| Above 20 lakhs - Up to 1 Crore | 9.10%-9.20% | 9.25%-9.35% |
| Above 1 Crore - Up to 2 Crores | 9.30%-9.40% | 9.45%-9.55% |
| Above 2 Crores - Up to 5 Crores | 9.75%-9.85% | 9.90%-10.00% |
| Above 5 crores | 9.95%-10.05% | 10.10%-10.20% |
SBI Flexipay Home Loan Interest Rate September 2018
| Loan Amount (₹) | Interest Rates for Salaried Women (p.a.) | Interest Rates for Salaried Others (p.a.) |
|---|---|---|
| Above 20 lakhs and Up to 30 lakhs | 8.65%-8.75% | 8.70%-8.80% |
| Above 30 lakhs and Up to 75 lakhs | 8.80%-8.90% | 8.85%-8.95% |
| Above 75 lakhs | 8.90%-9.00% | 8.95%-9.05% |
Maxgain-Home loan Interest Rate
| Profession | Loan Amount | Interest Rate for Women (p.a.) | Interest Rate for Others (p.a.) |
|---|---|---|---|
| Salaried Borrowers | above 20Lac -30Lac | 8.70%-8.80% | 8.75%-8.85% |
| Above 30lac to 75Lac | 8.90%-9.00% | 8.95%-9.05% | |
| Above 75Lac to 3Cr | 9.05%-9.15% | 9.10%-9.20% | |
| Non Salaried Borrowers | above 20Lac -30Lac | 8.80%-8.90% | 8.95%-9.05% |
| Above 30lac to 75Lac | 9.10%-9.20% | 9.15%-9.25% | |
| Above 75Lac to 3Cr | 9.25%-9.35% | 9.30%-9.40% |
NRI Home Loan Interest Rate
| Loan Amount (₹) | Interest Rates for Salaried Women (p.a.) | Interest Rates for Salaried Others (p.a.) | Interest Rates for Non-Salaried Women (p.a.) | Interest Rates for Non-Salaried Others (p.a.) |
|---|---|---|---|---|
| Above 3 lakhs & Up to 30 lakhs | 8.65%-8.75% | 8.70%-8.80% | 8.80%-8.90% | 8.85%-8.95% |
| Above 30 lakhs & Up to 75 lakhs | 8.80%-8.90% | 8.85%-8.95% | 8.95%-9.05% | 9.00%-9.10% |
| Above 75 lakhs | 8.90%-9.00% | 8.95%-9.05% | 9.05%-9.15% | 9.10%-9.20% |
Realty Home Loan Interest Rate
| Loan Amount (₹) | Salaried | Businessmen & Professionals |
|---|---|---|
| Up to 75 lakhs | Women - 9.15% Others - 9.20% | Women - 9.35% Others - 9.40% |
| Above 75 lakhs | Women - 9.20% Others - 9.25% | Women - 9.40% Others - 9.45% |
SBI Pre-approved Loan (PAL) Interest Rate September 2018
| Loan Amount (₹) | Interest Rates for Salaried Women (p.a.) | Interest Rates for Salaried Others (p.a.) | Interest Rates for Non-Salaried Women (p.a.) | Interest Rates for Non-Salaried Others (p.a.) |
|---|---|---|---|---|
| Above 10 lakhs & Up to 30 lakhs | 8.65%-8.75% | 8.70%-8.80% | 8.80%-8.90% | 8.85%-8.95% |
| Above 30 lakhs & Up to 75 lakhs | 8.80%-8.90% | 8.85%-8.95% | 8.95%-9.05% | 9.00%-9.10% |
| Above 75 lakhs | 8.90%-9.00% | 8.95%-9.05% | 9.05%-9.15% | 9.10%-9.20% |
Tribal Plus Interest Rate
| Category | Salaried | Non-Salaried |
|---|---|---|
| Women | 8.75%-8.85% | 8.90%-9.00% |
| Others | 8.80%-8.90% | 8.95%-9.05% |
Privilege Home Loan Interest Rate
| Category | With Check Off | Without Check Off | ||||
|---|---|---|---|---|---|---|
| Home Loan (Term Loan) | Home Loan (Term Loan) | |||||
| Above ₹10 lakhs & Upto ₹30 lakhs | Above ₹30 lakhs & Upto ₹75 lakhs | Above ₹75 lakhs & Upto ₹50 crores | Above ₹10 lakhs & Upto ₹30 lakhs | Above ₹30 lakhs & Upto ₹75 lakhs | Above ₹75 lakhs & Upto ₹50 crores | |
| Women | 8.65%-8.75% | 8.80%-8.90% | 8.90%-9.00% | 8.65%-8.75% | 8.80%-8.90% | 8.90%-9.00% |
| Others | 8.65%-8.75% | 8.80%-8.90% | 8.90%-9.00% | 8.70%-8.80% | 8.85%-8.95% | 8.95%-9.05% |
Shaurya Home Loan Interest Rate
| Category | With Check Off | Without Check Off | ||||
|---|---|---|---|---|---|---|
| Home Loan (Term Loan) | Home Loan (Term Loan) | |||||
| Above ₹10 lakhs & Upto ₹30 lakhs | Above ₹30 lakhs & Upto ₹75 lakhs | Above ₹75 lakhs & Upto ₹50 crores | Above ₹10 lakhs & Upto ₹30 lakhs | Above ₹30 lakhs & Upto ₹75 lakhs | Above ₹75 lakhs & Upto ₹50 crores | |
| Women | 8.65%-8.75% | 8.80%-8.90% | 8.90%-9.00% | 8.65%-8.75% | 8.80%-8.90% | 8.90%-9.00% |
| Others | 8.65%-8.75% | 8.80%-8.90% | 8.90%-9.00% | 8.70%-8.80% | 8.85%-8.95% | 8.95%-9.05% |
Bridge Home Loan Interest Rate
The interest rate for the first year is 10.90% per annum and then from second year onwards it changes into 11.90% per annum.
Plot Loan Interest Rate
| Profession | Loan Amount | Women | Others |
|---|---|---|---|
| Salaried | Up to 75Lac | 9.15% | 9.20% |
| Above 75Lac | 9.20% | 9.25% | |
| Non-Salaried | Up to 75Lac | 9.35% | 9.40% |
| Above 75Lac | 9.40% | 9.45% |
SBI Home Loan Interest Rates for Existing Customers
If you are an existing borrower of a home loan at SBI whose interest rate is linked to base rate, you have the chance to save more. Yes, the existing customers have the option of switching from base rate to new SBI MCLR of 8.45%, which ultimately gives them more savings. The transition from base rate to MCLR regime lowers the interest rate of the borrower, which also leads to the reduction in EMIs and interest outgo.
State Bank of India Home Loan Processing Fees
State Bank of India is offering home loans with zero processing fee December 31, 2018. The special offer is applicable to all types of housing loans available at SBI.
