SBI hikes Home Loan rates to 6.95% – Expert reviews & guide

State Bank of India (SBI) puts forward home loans at the best possible interest rate. It starts at a rate as low as 6.90% p.a. with a loan tenure that extends up to 30 years. Let’s take a look into the details of SBI home loan interest rates available.

Latest Home Loan Interest Rates:



SBI HOME LOAN (Term Loan) 7.10% p.a – 7.50% p.a 6.90% p.a – 7.35% p.a
SBI HOME TOP-UP LOAN (Term Loan) 7.65% p.a – 9.70% p.a 7.50% p.a. to 9.55% p.a.
SBI Smart Home Top Up Loan (Overdraft) 9.05% p.a. 8.55% p.a.
SBI Home Top Up Loan (Overdraft) 8.55% p.a. to 8.80% p.a. 8.40% 8.65% p.a.
SBI Smart Home Top Up Loan (Term Loan) 8.55% p.a. 8.05% p.a.
SBI MaxGain 7.45% p.a. to 7.85% p.a. 7.30% p.a. to 7.70% p.a.


SBI Insta Home Top Up Loan 8.20% p.a. 8.20% p.a.
SBI Shaurya and Privilege From 6.70% p.a. From 6.70% p.a.
SBI Tribal Plus 10 bps plus the final rate
SBI Bridge Home Loan 9.50% p.a. (1st year)

10.50% p.a. (2nd Year)


SBI Realty From 7.65% p.a.
SBI CRE Home Loan


50 bps plus the final rate
SBI Reverse Mortgage Loan 9.05% p.a. ( Public)

8.05% p.a. (SBI pensioners)



What Are The Other Charges Applicable?

Other than the interest rates, SBI also charges you a consolidated processing fee inclusive of advocate and valuer fees. This is usually 0.40% of the loan amount which will vary between Rs. 10,000 to Rs. 30,000 with additional GST charges.

Which Is The Apt Scheme For You?

SBI Regular Home Loan

SBI regular home loans are charged at an interest rate starting from 6.90%. The applicant for the loan must be between 18 to 70 years of age. This scheme offers a 0.05% concession for women.

SBI Flexipay Home Loan

Flexipay home loans are passed based on your credit score with a step-up EMI option. It also provides a 20% concession for young professionals.

SBI Privilege Home Loan

The interest rates for the SBI Privilege home loan vary from 6.95% p.a with check-off and 7.0% without check-off. It also completely waives the processing fee.

SBI Shourya Home Loan

SBI Shourya home loan plan is specially designed for defense personnel. It offers a lower interest rate and a longer tenure period. It is also devoid of any processing fee.

SBI Tribal Plus

The SBI tribal plan is designed for the welfare of the tribal communities. Hence offered without the land mortgages. With a maximum tenure of 15 years, the interest rate of 10 BPD over the final amount.

SBI Pre-approved Loan

The interest rates for the pre-approved loan scheme vary, for the salaried man, it starts at 7% upwards, whereas for a salaried woman it is at  6.95% onwards.

For non-salaried men, the interest rate is the starting point is 7.15% and onwards, and for a non-salaried woman, it starts from 7.10%.

SBI Home Loan to Non-Salaried Differential Offerings

This is an exclusive scheme for applicants who do not have a regular monthly income, yet have an earning. The interest rates of unemployed male applicants begin from 7.15% and unemployed female applicants begin from 7.10%.

SBI Bridge Home Loan

SBI Bridge loan is mainly focused on people who are buying and selling single property simultaneously. It has varying interest rates as per the time tenure. The interest rates for the first year is from 6.95% and during the second year, it is from and onwards. This is a short-term tenure of two years.

SBI NRI Home Loan

NRI Home loans have a varying interest rate for salaried males are 7.0% and onwards and salaried females are 6.95% onwards. Whereas non-salaried males are 7.15% and non-salaried females are 7.10%.

SBI Corporate Loan

This scheme is exclusively for firms and corporations that are constructing residential units for their employees. This scheme is applicable to both public and private companies, with a processing fee of 0.5% from Rs. 50,000 to Rs 10,00,000.

SBI Realty Home Loan

This scheme is for applicants who are planning to purchase and construct their own house. With a maximum tenure of 10 years, the limit for a loan amount is up to 15 crores.


Home loans are a good choice in financial planning. You are eligible for an SBI home loan if you have a monthly income of Rs.15,000 and with a co-applicant with a monthly income of Rs.10,000. As an applicant, you must be within the age range of 21 to 65 years for both residential and non-residential Indians.


1. What is the minimum salary requirement to apply for an SBI loan?

The minimum salary requirement is Rs. 25,000 to apply for an SBI home loan with long-term tenure of 30 years. The applicant must also be between the age of 21 to 60 years.

2. Does the EMI for the SBI Home loan remain the same throughout the tenure?

If your SBI home loan is a fixed rate the EMI will remain the same throughout the tenure unless you request a change. Whereas if it is not a fixed-rate loan, the EMI will vary.

3. Does the SBI home loan have processing charges?

Yes, SBI home loans have a processing fee of 0.40% of your loan amount. This fee includes the advocate fees and valuer fees. The amount comes between Rs. 10,000 to Rs. 30,000, with the addition of GST.

4. How to calculate the EMI of an SBI home loan?

You can calculate the EMI of the SBI home loan with the help of the SBI Home Loan EMI calculator. This tool helps in calculating the EMI prior to taking the home loan. You can use this tool by filling in basic details like loan amount, interest rate, and tenure.

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