SBI Home Loan Interest Rates

Highlights

  • SBI home loan interest rate starting at 8.15%

  • 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 8.15% 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 Rate for All Schemes in India November 2019

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 November 2019

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

ParticularsDetails
Interest Rate8.15% - 8.80%
Loan AmountCustomized
TenureUp to 30 years
Processing Fees0.35% of the loan amount or ₹10,000 + GST

SBI Regular

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

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

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

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

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

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)

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Tribal Plus

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Privilege Home Loan

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

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

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

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 (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.

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  • Home Loan Interest Rates November 2019
    Axis Bank8.90% - 9.15%
    Bank of Baroda8.40% - 9.40%
    Citibank9.00% - 9.85%
    DHFL9.05% - 9.95%
    HDFC8.25% - 9.30%
    ICICI Bank9.20% - 9.65%
    Indiabulls Housing Finance Limited8.80% - 11.05%
    Kotak Bank8.90% - 8.75%
    LIC Housing8.35% - 8.95%
    Piramal Capital & Housing Finance9.00% - 9.10%
    PNB Housing Finance9.25% - 12.00%
    Reliance Home Finance8.75% - 14.00%
    State Bank of India/SBI8.15% - 8.80%
    Tata Capital9.20% - 9.35%