Home Loan Interest Rates 202048973 views
Highlights
SBI home loan interest rate starting at 7.90%
Zero processing fee for govt. employees and 0.35 % of loan amount and maximum INR 10,000/- +GST for others
SBI home loan interest rate is presently the lowest starting at 7.90% 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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Table of Contents
SBI Home Loan Interest Rate for All Schemes in India January 2020
SBI offers affordable home loan 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 Rate January 2020
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 | 7.90% - 8.55% |
| Loan Amount | Customized |
| Tenure | Up to 30 years |
| Processing Fees | 0.35% of the loan amount or ₹10,000 + GST |
SBI Regular
| Profession | Loan Amount | Interest Rates for Women (p.a.) | Interest Rates for Others (p.a.) |
|---|---|---|---|
| Salaried Borrowers | Upto 30 lakhs | 8.60%-8.70% | 8.65%-8.75% |
| Above 30 to 75 lakhs | 8.90%-9.00% | 8.95%-9.05% | |
| Above 75 lakhs | 9.00%-9.10% | 9.05%-9.15% | |
| Non Salaried Borrowers | Upto 30 lakhs | 8.75%-8.85% | 8.80%-8.90% |
| Above 30 to 75 lakhs | 9.05%-9.15% | 9.10%-9.20% | |
| Above 75 lakhs | 9.15%-9.25% | 9.20%-9.35% |
SBI Top-Up
| Loan Amount | Interest Rates (p.a.) for Salaried | Interest Rates (p.a.) for Non Salaried |
|---|---|---|
| Above 5 lakhs - Up to 20 lakhs | 9.00%-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 Crores | 9.40%-9.50% | 9.55%-9.65% |
| Above 2 Crores - Up to 5 Crores | 9.85%-9.95% | 10.00%-10.10% |
| Above 5 crores | 11.05%-11.55% | 11.30%-11.80% |
SBI Flexipay
| Loan Amount (₹) | Interest Rates for Salaried Women (p.a.) | Interest Rates for Salaried Others (p.a.) |
|---|---|---|
| Above 20 lakhs and Up to 30 lakhs | 8.75%-8.85% | 8.80%-8.90% |
| Above 30 lakhs and Up to 75 lakhs | 8.90%-9.00% | 8.95%-9.05% |
| Above 75 lakhs | 9.00%-9.10% | 9.05%-9.15% |
Maxgain-Home loan
| Profession | Loan Amount | Interest Rate for Women (p.a.) | Interest Rate for Others (p.a.) |
|---|---|---|---|
| Salaried Borrowers | Above 20 Lakh to 30 Lakh | 8.65%-8.75% | 8.70%-8.80% |
| Above 30 Lakh to 75 Lakh | 9.00%-9.10% | 9.05%-9.15% | |
| Above 75 Lakh to 3 Crores | 9.15%-9.25% | 9.20%-9.30% | |
| Above 3 Crores | 9.50%-9.60% | 9.55%-9.65% | |
| Non Salaried Borrowers | above 20 Lakh to 30 Lakh | 8.85%-8.95% | 8.90%-9.00% |
| Above 30 Lakh to 75 Lakh | 9.20%-9.30% | 9.25%-9.35% | |
| Above 75 Lakh to 3 Crores | 9.35%-9.45% | 9.40%-9.50% | |
| Above 3 crores | 9.70%-9.80% | 9.75%-9.85% |
NRI Home Loan
| 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 | 8.75%-8.85% | 8.80%-8.90% | 8.90%-9.00% | 8.95%-9.05% |
| Above 30 lakhs & Up to 75 lakhs | 8.90%-9.00% | 8.95%-9.05% | 9.05%-9.15% | 9.10%-9.20% |
| Above 75 lakhs | 9.00%-9.10% | 9.05%-9.15% | 9.15%-9.25% | 9.20%-9.35% |
Realty Home Loan
| Loan Amount (₹) | Salaried | Businessmen & Professionals |
|---|---|---|
| Up to 75 lakhs | Women - 9.20% Others - 9.25% | Women - 9.40% Others - 9.45% |
| Above 75 lakhs | Women - 9.25% Others - 9.30% | Women - 9.45% Others - 9.50% |
SBI Pre-approved Loan (PAL)
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| Category | Upto ₹30 lakhs | Above ₹30 lakhs & Upto ₹75 lakhs | Above ₹75 lakhs |
|---|---|---|---|
| Women | 8.70%-8.80% | 8.90%-9.00% | 9.00%-9.10% |
| Others | 8.70%-8.80% | 8.90%-9.00% | 9.00%-9.10% |
Shaurya Home Loan
| Category | Upto ₹30 lakhs | Above ₹30 lakhs & Upto ₹75 lakhs | Above ₹75 lakhs |
|---|---|---|---|
| Women | 8.70%-8.80% | 8.90%-9.00% | 9.00%-9.10% |
| Others | 8.70%-8.80% | 8.90%-9.00% | 9.00%-9.10% |
Bridge Home Loan
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
| Profession | Loan Amount | Women | Others |
|---|---|---|---|
| Salaried | Up to ₹30 Lakhs | 9.25% | 9.30% |
| ₹30 Lakhs to ₹75 Lakhs | 9.35%-9.40% | 9.40%-9.45% | |
| Above ₹75 Lakhs | 9.45%-9.50% | 9.50%-9.55% | |
| Non-Salaried | Up to ₹30 Lakhs | 9.35% | 9.40% |
| ₹30 Lakhs to ₹75 Lakhs | 9.45%-9.50% | 9.50%-9.55% | |
| Above ₹75 Lakhs | 9.55%-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 (SBI) Home Loan Processing Fee
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.
