SBI Home Loan Interest Rates

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 8.70% 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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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 November 2018

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

ParticularsDetails
Interest Rate8.70% - 9.25%
Loan AmountCustomized
TenureUp to 30 years
Processing FeesNil till December 31, 2018
Prepayment Charges0%

SBI Regular Home Loan Interest Rate November 2018

ProfessionLoan AmountInterest Rates for Women (p.a.)Interest Rates for Others (p.a.)
Salaried BorrowersUpto 30Lac8.70%-8.80%8.75%-8.85%
Above 30lac to 75Lac8.85%-8.95% 8.90%-9.00%
Above 75Lac8.95%-9.05%9.00%-9.10%
Non Salaried BorrowersUpto 30Lac8.85%-8.95%8.90%-9.00%
Above 30lac to 75Lac9.00%-9.10%9.05%-9.15%
Above 75Lac9.10%-9.20%9.15%-9.25%

SBI Top-Up Home Loan Interest Rate November 2018

Loan AmountInterest Rates (p.a.) for SalariedInterest Rates (p.a.) for Non Salaried
Above 5 lakhs - Up to 20 lakhs8.95%-9.05%9.10%-9.20%
Above 20 lakhs - Up to 1 Crore 9.15%-9.25%9.30%-9.40%
Above 1 Crore - Up to 2 Crores9.35%-9.45%9.50%-9.60%
Above 2 Crores - Up to 5 Crores9.80%-9.90%9.95%-10.05%
Above 5 crores 10.00%-10.10%10.15%-10.25%

SBI Flexipay Home Loan Interest Rate November 2018

Loan Amount (₹)Interest Rates for Salaried Women (p.a.)Interest Rates for Salaried Others (p.a.)
Above 20 lakhs and Up to 30 lakhs8.70%-8.80%8.75%-8.85%
Above 30 lakhs and Up to 75 lakhs8.85%-8.95%8.90%-9.00%
Above 75 lakhs8.95%-9.05%9.00%-9.10%

Maxgain-Home loan Interest Rate

ProfessionLoan AmountInterest Rate for Women (p.a.)Interest Rate for Others (p.a.)
Salaried BorrowersAbove 20 Lakh to 30 Lakh8.75%-8.85%8.80%-8.90%
Above 30 Lakh to 75 Lakh8.95%-9.05%9.00%-9.10%
Above 75 Lakh to 3 Lakh9.10%-9.20%9.15%-9.25%
Non Salaried Borrowersabove 20 Lakh to 30 Lakh8.95%-9.05%9.00%-9.10%
Above 30 Lakh to 75 Lakh9.15%-9.25% 9.20%-9.30%
Above 75 Lakh to 3 Lakh9.30%-9.40%9.35%-9.45%

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 lakhs8.70%-8.80%8.75%-8.85%8.85%-8.95%8.90%-9.00%
Above 30 lakhs & Up to 75 lakhs8.85%-8.95%8.90%-9.00%9.00%-9.10%9.05%-9.15%
Above 75 lakhs8.95%-9.05%9.00%-9.10%9.10%-9.20%9.15%-9.25%

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 November 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 lakhs8.70%-8.80%8.75%-8.85%8.85%-8.95%8.90%-9.00%
Above 30 lakhs & Up to 75 lakhs8.85%-8.95%8.90%-9.00%9.00%-9.10%9.05%-9.15%
Above 75 lakhs8.95%-9.05%9.00%-9.10%9.10%-9.20%9.15%-9.25%

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

CategoryWith Check OffWithout Check Off
Home Loan (Term Loan)Home Loan (Term Loan)
Above ₹10 lakhs & Upto ₹30 lakhsAbove ₹30 lakhs & Upto ₹75 lakhsAbove ₹75 lakhs & Upto ₹50 croresAbove ₹10 lakhs & Upto ₹30 lakhsAbove ₹30 lakhs & Upto ₹75 lakhsAbove ₹75 lakhs & Upto ₹50 crores
Women8.70%-8.80%8.85%-8.95%8.95%-9.05%8.70%-8.80%8.85%-8.95%8.95%-9.05%
Others8.70%-8.80%8.85%-8.95%8.95%-9.05%8.75%-8.85%8.90%-9.00%9.00%-9.10%

Shaurya Home Loan Interest Rate

CategoryWith Check OffWithout Check Off
Home Loan (Term Loan)Home Loan (Term Loan)
Above ₹10 lakhs & Upto ₹30 lakhsAbove ₹30 lakhs & Upto ₹75 lakhsAbove ₹75 lakhs & Upto ₹50 croresAbove ₹10 lakhs & Upto ₹30 lakhsAbove ₹30 lakhs & Upto ₹75 lakhsAbove ₹75 lakhs & Upto ₹50 crores
Women8.70%-8.80%8.85%-8.95%8.95%-9.05%8.70%-8.80%8.85%-8.95%8.95%-9.05%
Others8.70%-8.80%8.85%-8.95%8.95%-9.05%8.75%-8.85%8.90%-9.00%9.00%-9.10%

Bridge Home Loan Interest Rate

The interest rate for the first year is 10.95% per annum and then from second year onwards it changes into 11.95% per annum.

Plot Loan Interest Rate

ProfessionLoan AmountWomenOthers
SalariedUp to 75Lac9.20%9.25%
Above 75Lac9.25%9.30%
Non-SalariedUp to 75Lac9.40%9.45%
Above 75Lac9.45%9.50%

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 8.50%, 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.

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