Are you planning to buy your dream home? The State Bank of India (SBI) offers some of the best home loan options in India with low-interest rates, minimal processing fees, and flexible repayment terms. In this article, we cover SBI home loan interest rates, processing charges, eligibility, and benefits to help you make an informed decision. This article will help you to get the latest SBI Home Loan interest rates and charges for 2025
SBI Home Loan Interest Rates 2025
SBI offers different types of home loan products with competitive interest rates. Below is the latest interest rate chart:
| Home Loan Product | Interest Rate Range |
|---|---|
| Home Loan (Term Loan – TL) | 8.25% to 9.20% |
| Home Loan Maxgain (Overdraft – OD) | 8.45% to 9.40% |
| Tribal Plus Home Loan | 8.35% to 9.30% |
| Top-Up Loan | 8.55% to 11.05% |
| Top-Up (OD) Loan | 8.75% to 9.70% |
| Loan Against Property (P-LAP) | 9.75% to 11.05% |
| Reverse Mortgage Loan (RML) | 11.30% |
| YONO Insta Home Top-Up Loan | 9.10% |
SBI Home Loan Features & Benefits
- Low Interest Rates: Competitive rates starting from 8.25% per annum.
- Low Processing Fees: Affordable fees with no hidden charges.
- Flexible Repayment Tenure: Up to 30 years for easy EMI payments.
- Overdraft Facility: Home loan available as an overdraft for liquidity needs.
- No Prepayment Charges: SBI does not levy penalties for prepaying your home loan.
- Interest Concession for Women Borrowers: SBI offers special discounts on interest rates for female applicants.
- Daily Reducing Balance Method: Interest is calculated on the outstanding balance daily, reducing interest burden.
SBI Home Loan Processing Fees 2025
SBI charges minimal processing fees on different home loan products. Here’s a breakdown:
| Home Loan Type | Processing Fee |
| Regular Home Loans | 0.35% of loan amount (Min: ₹2,000, Max: ₹10,000) + GST |
| Other Home Loan Products (NRI, Maxgain, CRE, Flexi-Pay, PAL, Tribal Plus, Realty, etc.) | 0.35% of loan amount (Min: ₹2,000, Max: ₹10,000) + GST |
| Home Top-Up Loan | 0.35% of loan amount (Min: ₹2,000, Max: ₹10,000) + GST |
| Personal Loan Against Property (P-LAP) | 1% of loan amount (Max: ₹50,000) + GST |
| YONO Insta Home Top-Up Loan | ₹2,000 + GST |
| Reverse Mortgage Loan (RML) | 0.50% of loan amount (Min: ₹2,000, Max: ₹10,000) + GST |
| Earnest Money Deposit (EMD) Scheme | 0.50% of loan amount |
Loans with Zero Processing Fees
- Suraksha Loan – No Processing Fee
- Privilege & Shaurya Home Loans – No Processing Fee
- Apon Ghar (Loans up to ₹15 Lakhs) – No Processing Fee
- Kerala Govt Employees Home Loan Scheme – No Processing Fee
Documents Required for SBI Home Loan
General Documents for All Applicants
- Loan Application Form with 3 Passport-size Photos
- Identity Proof (PAN, Passport, Driver’s License, Voter ID)
- Address Proof (Aadhar, Electricity Bill, Telephone Bill, Water Bill, Passport, Driving License)
Property Documents
- Permission for construction (if applicable)
- Registered Agreement for Sale (for Maharashtra) / Allotment Letter / Stamped Agreement for Sale
- Occupancy Certificate (for ready-to-move properties)
- Maintenance Bill, Property Tax Receipt, Approved Plan Copy
- Payment Receipts or Bank Statements showing payments to Builder/Seller
Financial Documents
For Salaried Applicants
- Last 3 months’ Salary Slips
- Form 16 or IT Returns for the last 2 years
For Self-Employed Applicants
- Business Address Proof
- IT Returns for last 3 years
- Balance Sheet & Profit/Loss Statements for last 3 years
- Business License Details, TDS Certificates
- Certificate of Qualification (for CA, Doctors, and Professionals)
SBI Home Loan Eligibility Criteria
- Age Limit: 18 to 70 years
- Minimum Income: ₹25,000 per month (varies by loan type)
- Employment Type: Salaried, Self-employed, Business owners
- CIBIL Score: 700+ for best interest rates
How to Apply for an SBI Home Loan?
- Online: Visit SBI’s official website and apply online.
- Branch Visit: Visit the nearest SBI branch and fill out the loan application.
- YONO App: Apply for YONO Insta Home Top-Up Loan digitally via SBI’s YONO App.
SBI home loans offer low-interest rates, minimal processing fees, and flexible repayment options, making them a great choice for homebuyers in 2025. If you are planning to buy a house, compare SBI’s home loan products, check your eligibility, and apply today to avail of the best offers!
Frequently Asked Questions (FAQs)
1. What is the minimum credit score required for an SBI home loan?
A credit score of 700 or above is recommended to get the best interest rates.
2. Does SBI offer pre-approved home loans?
Yes, SBI provides pre-approved home loans to eligible customers based on their income and credit profile.
3. How long does it take for SBI to approve a home loan?
Typically, 7-10 working days, depending on document verification.
4. Can I get a home loan without income proof?
No, SBI requires income proof for loan eligibility.
5. Does SBI offer special home loans for government employees?
Yes, Apon Ghar & Shaurya Home Loans are tailored for government employees and defense personnel.
6. Can I transfer my existing home loan to SBI?
Yes, SBI allows home loan balance transfer from other banks at competitive interest rates.
7. What is the maximum tenure for an SBI home loan?
The maximum repayment tenure is 30 years, depending on your age and eligibility.
8. Does SBI provide home loans for NRIs?
Yes, SBI offers NRI Home Loans with customized repayment options.
9. What is the interest rate discount for women borrowers?
SBI offers a 0.05% concession on home loan interest rates for female applicants.
10. Can I avail of an SBI home loan if I have a low credit score?
A low CIBIL score may lead to higher interest rates or rejection. Improve your score before applying.
If you’re ready to own your dream home, apply for an SBI Home Loan now and enjoy competitive interest rates and customer-friendly policies.
For more details, visit the SBI Home Loans official website or contact your nearest SBI branch!
Pingback: SBI Reverse Mortgage Loan Scheme: A Financial Lifeline for Senior Citizens - Banking Insights