SBI Home Loan Interest Rates

Highlights

  • SBI home loan at 8.50% onwards.
  • SBI home loan at zero processing fee for govt. employees.
  • SBI home loan 0.35 % of loan amount and maximum 10,000 +GST.

SBI home loan interest rate is presently the lowest starting at 8.50% per annum. It gives you the chance to book your own home within your budget. If you are an existing home loan borrower from another bank, you can transfer it to SBI. Read below the rates and other important details associated with SBI home loan.

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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 July 2019

Below is the table showing the rate of interest, tenure, maximum loan amount, and processing fee applicable to SBI home loans.

ParticularsDetails
Interest Rate8.50% - 9.20%
Loan AmountCustomized
TenureUp to 30 years
Processing Fees0.35% of the loan amount or ₹10,000 + GST

SBI Regular Home Loan Interest Rate July 2019

ProfessionLoan AmountInterest Rates for Women (p.a.)Interest Rates for Others (p.a.)
Salaried BorrowersUpto 30 lakhs8.60%-8.70%8.65%-8.75%
Above 30 to 75 lakhs8.90%-9.00% 8.95%-9.05%
Above 75 lakhs9.00%-9.10%9.05%-9.15%
Non Salaried BorrowersUpto 30 lakhs8.75%-8.85%8.80%-8.90%
Above 30 to 75 lakhs9.05%-9.15%9.10%-9.20%
Above 75 lakhs9.15%-9.25%9.20%-9.35%

SBI Top-Up Home Loan Interest Rate July 2019

Loan AmountInterest Rates (p.a.) for SalariedInterest Rates (p.a.) for Non Salaried
Above 5 lakhs - Up to 20 lakhs9.00%-9.10%9.15%-9.25%
Above 20 lakhs - Up to 1 Crore 9.20%-9.30%9.35%-9.45%
Above 1 Crore - Up to 2 Crores9.40%-9.50%9.55%-9.65%
Above 2 Crores - Up to 5 Crores9.85%-9.95%10.00%-10.10%
Above 5 crores 11.05%-11.55%11.30%-11.80%

SBI Flexipay Home Loan Interest Rate July 2019

Loan Amount (₹)Interest Rates for Salaried Women (p.a.)Interest Rates for Salaried Others (p.a.)
Above 20 lakhs and Up to 30 lakhs8.75%-8.85%8.80%-8.90%
Above 30 lakhs and Up to 75 lakhs8.90%-9.00%8.95%-9.05%
Above 75 lakhs9.00%-9.10%9.05%-9.15%

Maxgain-Home loan Interest Rate

ProfessionLoan AmountInterest Rate for Women (p.a.)Interest Rate for Others (p.a.)
Salaried BorrowersAbove 20 Lakh to 30 Lakh8.65%-8.75%8.70%-8.80%
Above 30 Lakh to 75 Lakh9.00%-9.10%9.05%-9.15%
Above 75 Lakh to 3 Crores9.15%-9.25%9.20%-9.30%
Above 3 Crores9.50%-9.60%9.55%-9.65%
Non Salaried Borrowersabove 20 Lakh to 30 Lakh8.85%-8.95%8.90%-9.00%
Above 30 Lakh to 75 Lakh9.20%-9.30% 9.25%-9.35%
Above 75 Lakh to 3 Crores9.35%-9.45%9.40%-9.50%
Above 3 crores9.70%-9.80%9.75%-9.85%

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 lakhs8.75%-8.85%8.80%-8.90%8.90%-9.00%8.95%-9.05%
Above 30 lakhs & Up to 75 lakhs8.90%-9.00%8.95%-9.05%9.05%-9.15%9.10%-9.20%
Above 75 lakhs9.00%-9.10%9.05%-9.15%9.15%-9.25%9.20%-9.35%

Realty Home Loan Interest Rate

Loan Amount (₹)SalariedBusinessmen & Professionals
Up to 75 lakhsWomen - 9.20%
Others - 9.25%
Women - 9.40%
Others - 9.45%
Above 75 lakhsWomen - 9.25%
Others - 9.30%
Women - 9.45%
Others - 9.50%

SBI Pre-approved Loan (PAL) Interest Rate July 2019

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 lakhs8.75%-8.85%8.80%-8.90%8.90%-9.00%8.95%-9.05%
Above 30 lakhs & Up to 75 lakhs8.90%-9.00%8.95%-9.05%9.05%-9.15%9.10%-9.20%
Above 75 lakhs9.00%-9.10%9.05%-9.15%9.15%-9.25%9.20%-9.35%

Tribal Plus Interest Rate

CategorySalariedNon-Salaried
Women8.80%-8.90% 8.95%-9.05%
Others8.85%-8.95%9.00%-9.10%

Privilege Home Loan Interest Rate

CategoryUpto ₹30 lakhsAbove ₹30 lakhs & Upto ₹75 lakhsAbove ₹75 lakhs
Women8.70%-8.80%8.90%-9.00%9.00%-9.10%
Others8.70%-8.80%8.90%-9.00%9.00%-9.10%

Shaurya Home Loan Interest Rate

CategoryUpto ₹30 lakhsAbove ₹30 lakhs & Upto ₹75 lakhsAbove ₹75 lakhs
Women8.70%-8.80%8.90%-9.00%9.00%-9.10%
Others8.70%-8.80%8.90%-9.00%9.00%-9.10%

Bridge Home Loan Interest Rate

The interest rate for the first year is 11.00% per annum and then from second year onwards it changes into 12.00% per annum.

Plot Loan Interest Rate

ProfessionLoan AmountWomenOthers
SalariedUp to ₹30 Lakhs9.25%9.30%
₹30 Lakhs to ₹75 Lakhs9.35%-9.40%9.40%-9.45%
Above ₹75 Lakhs9.45%-9.50%9.50%-9.55%
Non-SalariedUp to ₹30 Lakhs9.35%9.40%
₹30 Lakhs to ₹75 Lakhs9.45%-9.50%9.50%-9.55%
Above ₹75 Lakhs9.55%-9.60%9.60%-9.65%

You can check your home loan EMI with the help of SBI home loan EMI calculator.

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. 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 at 0.35 % of loan amount and maximum 10,000 +GST. The bank is offering home loans at zero processing fee for govt. employees.

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