SBI Home Loan 2025 – Interest Rates from 8.50% p.a.

Make 2025 the year you turn your dream home into a reality! SBI’s competitive SBI Home Loan Interest Rates, starting at 8.50% p.a., coupled with up to 90% financing, make homeownership more achievable than ever. Whether you’re buying your first house or investing in real estate, now is the perfect time to take advantage of the new opportunities a fresh year brings. Step into 2025 with confidence and step into your new home with an SBI Home Loan.

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%.
• The tenure of a loan can range from 5 years to 30 years.
• Interest rates range from 6.80% p.a. to 7.50% p.a.

Highlights Of SBI Home Loan Interest Rates

Here are the latest details on SBI Home Loan Interest Rates, effective from January 3, 2025:

Current SBI Home And Home Related Intrest Rate

T&C Applicable: Interest rates are subject to your CIBIL score.

All home loans are linked to the External Benchmark Rate (EBLR).

Prevailing EBLR: 9.15% (as of January 3, 2025).

Breakdown: RBI Repo Rate (6.50%) + Spread (2.65%).

SBI Home Loan Interest Rates Based on CIBIL Score

To secure lower interest rates when applying for a home loan, it is essential to maintain a good CIBIL score. The table below illustrates how home loan interest rates vary based on an individual's CIBIL score:

Comparison between SBI home loan interest rates with other banks

Types Of Home Loan Schemes SBI

SBI Home Loan Interest Rates For Government Employees

SBI offers a special home loan scheme exclusively for government employees. This scheme is available to individuals employed with the Central or State Government, including Public Sector Banks (PSBs), Public Sector Undertakings (PSUs) under the Central Government, and other individuals with pensionable service. Key benefits of this scheme include:

• Interest Charges: Calculated on a daily reducing balance, ensuring lower overall interest costs.
• Interest Concession for Women: Specially designed to support women borrowers.
• Competitive Interest Rates: Starting from as low as 8.50%.
• Processing Fee Concession: Enjoy a 50% reduction in processing fees or even 100% in select cases.

Government Employees SBI Home Loan Eligibility Criteria 

• Resident Type: Resident Indian
• Minimum Age: 18 years
• Maximum Age: 75 years
• Loan Tenure: up to 30 years.

Types of SBI Home Loans and Eligibility Criteria

The table below shows the eligibility criteria for different SBI home loan schemes. The eligibility criteria are based on age bracket and nationality.

Documents Required For SBI Housing Loan 

• Duly filled loan application form duly filled in affixed with three passport-size photographs.
• Employer Identity Card.
• Proof Of Identity: PAN/Voter ID/Passport/Driving License
• Proof Of Adress
  • A recent copy of the telephone bill/electricity bill/water bill/piped gas bill.
  • A copy of your passport, driving license, and Aadhaar card is required.

Property Documents

• 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 the certificate (only for Maharashtra), maintenance bill, electricity bill, and 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 statements 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 over the previous 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.

Processing fee For SBI Home Loan Intrest Rate

0.40% of the loan amount + GST Can range from Rs.10,000 to Rs.30,000 + GST

Note: This includes the advocate fee and valuer fee

For a loan amount of ₹50,00,000, the processing fee will be 0.40% of ₹50,00,000 = ₹20,000 + GST.

SBI Home loan EMI calculator

A home loan is usually a large amount borrowed for a long time, with interest added to it. The SBI Home Loan EMI Calculator is a simple tool that helps you calculate your monthly payments and plan your budget effectively.

SBI Home Loan Intrest Rate Over The Years

Factors That Influence SBI Home Loan Intrest Rates

Like any other loan, a home loan is influenced by several factors. Some of the key factors are:

• Repo Rate: SBI home loans are often linked to floating interest rates to the RBI's repo rate. Changes in the RBI’s repo rate can impact the interest rates offered by SBI.
• Credit Score: A good credit score reflects the applicant's creditworthiness and increases their chances of securing better interest rates through negotiation.
• Loan Amount and Tenure: The loan amount and tenure of a home loan impact the interest rate. Typically, banks offer lower interest rates for longer tenures or larger loan amounts.
• Loan-To-Value Ratio: This is also known as the LTV ratio, which means the loan amount in relation to the property value. A lower value means a more favorable interest rate.