SBI Home Loan Interest Rate 2025

State Bank of India offers several home loan schemes for various purposes. With the loan amount being up to 90% of the property cost and the competitive interest rates ranging., SBI presents a convenient way to fulfil your dreams with the SBI Home Loan.

Key Highlights 

• SBI Housing Loan Interest Rate: 7.50% to 8.70% p.a. (varies by CIBIL score, scheme, and borrower profile)
• Loan Tenure: Up to 30 years
• Processing Fees: 0.35% of the loan amount + GST
  • Minimum: Rs. 2,000 + GST
  • Maximum: Rs. 10,000 + GST

• Foreclosure Charges: NIL (no prepayment penalty)

Current SBI Home Loan Interest Rates

Effective 1 August 2025, the SBI home loan interest rates are as follows:

Note: All Home Loans are linked to the External Benchmark Rate (EBLR), which is 8.15% currently [RBI Repo Rate (5.50%) + Spread(2.65%)]

SBI Home Loan Fees and Charges

SBI Home Loan processing fee (including advocate fee and valuer fee) is as follows:

0.35% of the loan amount + GST

• Minimum: Rs. 2,000 + GST
• Maximum: Rs. 10,000 + GST

SBI Home Loan Interest Rates Based on CIBIL score

Home loan interest rates change depending on your CIBIL score. 

Comparison Between SBI Home Loan Interest Rates with Other Banks

Here's how SBI home loan interest rates compare with those offered by other leading banks to help you choose the best option:

Top Home Loan Schemes of SBI

SBI offers a variety of home loan schemes tailored to meet the needs of different borrowers, from first-time homebuyers to government employees and NRIs. Here are some of the most popular options:

SBI Home Loan Interest Rates for Government Employees

SBI Privilege Home Loan is a special scheme for Central and State Government employees, including those with pensionable service. It offers interest rates starting at 8.50%, daily reducing balance, concessional rates for women, and up to 100% waiver on processing fees in select cases.

Features and Benefits of SBI Home Loan

• SBI home loans are available for both salaried and self-employed.
• Special rates are offered for women customers.
• Property for purchase will be taken as a mortgage of property.
• The loan-to-value ratio can be up to 90%.
• Tenure of loan can range from 5 years to 30 years.
• Interest rates range from 7.50% to 8.70% p.a.

Who is Eligible for SBI Home Loans

• Resident Type: Resident Indian
• Age: 18 years – 70 years
• Loan Tenure: Up to 30 years

Documents Required for SBI Home Loans

List of papers/documents applicable to all applicants:

• Duly filled loan application form duly filled in affixed with three passport size photographs.
• Employer Identity Card.
• Proof of Identity:
  • PAN
  • Passport
  • Driver’s License
  • Voter ID Card
• Proof of Address:
  • A recent copy of telephone bill/electricity bill/water bill/piped gas bill.
  • Copy of passport/driving license/Aadhaar card.

Property papers:

• Permission for construction.
• Registered agreement for sale (only for Maharashtra)/allotment letter/stamped agreement for sale.
• Occupancy certificate (in case of ready to move property).
• Share certificate (only for Maharashtra), maintenance bill, electricity bill, property tax receipt.
• Approved plan copy (blueprint) and registered development agreement of the builder and conveyance deed (for a new property).
• Payment receipts or bank A/C statement showing all the payments made to the builder/seller.

Account statement:

• Last six months bank account statements for all bank accounts held by the applicant/s.
• If any previous loan from other banks/lenders, then loan A/C statement for the last year.

Income proof for salaried applicant/co-applicant/guarantor:

• Salary slip or salary certificate for the last three months.
• Copy of Form 16 for the last two years or copy of IT Returns for the last two financial years, acknowledged by the IT department.

Income proof for non-salaried applicant/co-applicant/guarantor:

• Business address proof.
• IT returns for the last three years.
• Balance sheet and profit and loss A/c for the last three years.
• Business license details (or equivalent).
• TDS Certificate (Form 16A, if applicable).
• Certificate of qualification (for C.A./ Doctor and other professionals).

Documents from the other bank:

• List of original documents held at the bank.
• Loan a/c statement for the past year.
• Sanction letter.
• Interim Period Security.

SBI Home Loan EMI Calculator

Usually, the home loan is a significant amount taken for a longer period upon which interest is levied. An important tool like SBI Home Loan EMI Calculator helps you evaluate and plan your budget.

Final Word

SBI Home Loans offer competitive interest rates, flexible tenures, and tailored schemes for various borrower profiles. With benefits like low processing fees, special concessions for women and government employees, and zero foreclosure charges, SBI remains a preferred choice for home financing in India.
 

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