Rate from
8.4%
Max Amount
₹1500L
Tenure
60–360 mo
Processing Fee
0.35% of loan amount (max ₹10,000)
Product Overview
Everything you need to know about this offer
- SBI's Home Loan is a long-tenure secured housing loan for purchase, construction, plot+construction, balance transfer and home improvement.
- The product offers rates from 8.4% p.a., tenures up to 30 years and funding up to 90% of agreement value for loans below ₹75 lakh and 80% above.
- Eligibility is assessed on a combined household income basis, allowing spouses and co-borrowers to enhance loan amount and reduce EMI.
- Both salaried and self-employed applicants can apply, including NRIs.
- Approved customers benefit from PMAY subsidy assistance where eligible, full digital sanction in 7 working days, doorstep document pickup and on-line tracking until disbursal.
- Tax benefits under Sec 80C (principal up to ₹1.5L) and Sec 24 (interest up to ₹2L) make the effective cost meaningfully lower than headline APR.
- Through DhanLift you can compare SBI against 20+ banks and HFCs in a single inquiry — exposing differences in spread, processing fee, legal/technical charges and prepayment terms that can save lakhs over the loan lifetime..
Interest / Features
Offer-level pricing, fees, and core features
Interest range
8.4% - 9.65%
Reducing balance rate, profile dependent.
Loan amount
₹5L - ₹1500L
Available amount range for this offer.
Tenure
60-360 mo
Choose repayment based on EMI comfort.
Processing fee
0.35% of loan amount (max ₹10,000)
Foreclosure
Nil on floating rate for individuals (RBI mandate)
Lowest market rates from 8.4%
Tenure up to 30 years
Up to 90% LTV for loans < ₹75L
PMAY subsidy assistance up to ₹2.67L
Key Benefits
Why thousands choose this specific product
- Lowest market rates from 8.4%
- Tenure up to 30 years
- Up to 90% LTV for loans < ₹75L
- PMAY subsidy assistance up to ₹2.67L
- Tax benefits under 80C + Sec 24
- Balance transfer with top-up
Eligibility Criteria
Check if you qualify before applying
Indian resident or NRI, age 21–65
Net monthly income ₹40,000+
Salaried with 2+ years total experience OR self-employed with 3+ years
Property in approved geography with clear title
CIBIL score 720+
Documents Required
Keep these ready to speed up your application
KYC of all applicants & co-applicants
Income proof (salary slips / ITR)
Form 16 / 26AS
Property chain documents
Sale agreement / allotment letter
Last 6 months bank statement
Interest Rate & Fees
Transparent pricing, no hidden charges
| Interest rate | 8.4% – 9.65% p.a. (floating / hybrid) |
| Processing fee | 0.35% of loan amount (max ₹10,000) |
| Legal & technical | ₹5,000 – ₹10,000 (one-time) |
| Foreclosure (floating) | Nil for individuals (RBI mandate) |
| Foreclosure (fixed) | 2% of outstanding |
| Stamp duty & registration | As per state |
| Conversion fee | 0.5% to switch from fixed to floating |
* Rates and fees indicative; final pricing depends on credit assessment. All charges exclude GST unless mentioned.
Home Loan EMI Calculator
Estimate your monthly payments instantly
₹5,00,000
9.90 %
36 mo
Principal vs interest14% interest share
PrincipalInterest
Monthly EMI
₹16,110
Total interest
₹79,965
Total payable
₹5,79,965
Indicative only. Actual EMI depends on lender pricing, processing fees, and your credit profile.
Frequently Asked Questions
Quick answers before you apply
Up to 90% of property value for loans below ₹30L, 80% for ₹30L–₹75L, and 75% above ₹75L (RBI guideline).
Floating rates are typically 50–100 bps lower and benefit from rate cuts. Fixed gives EMI certainty but at a premium. Most borrowers choose floating.
Up to ₹1.5L principal under Sec 80C and ₹2L interest under Sec 24 per financial year on a self-occupied property.
Pre-approval in 3–5 working days; final sanction after legal & technical clearance in another 7–10 days.
Yes. RBI has waived foreclosure and prepayment charges on floating-rate home loans for individual borrowers.
Yes. SBI offers dedicated NRI home loan variants with NRE/NRO account-based servicing.
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