Overview of SBI Home Loan Top Up

SBI Home Loan Top Up is an innovative home loan product. You can renovate your home or reconstruct it with the help of SBI Home Loan Top Up. You have to pay a very low processing fee with no documentation when availing SBI Home Loan Top Up. Also, you should satisfy SBI Home Loan Top Up eligibility which is very easy to meet. A CIBIL score of 550 or more is necessary for SBI Home Loan Top Up. Based on your income, desired loan amount and other eligibility criteria, SBI Home Loan Top Up interest rate is charged. Usually, SBI Home Loan Top Up interest rate starts from 9.25%* which is quite low. Your repayment becomes quite easy if you use SBI Home Loan Top Up EMI Calculator. By entering the loan amount, tenure and the interest rate, SBI Home Loan Top Up EMI Calculator gives you the EMI amount which you need to repay.

Features of SBI Home Loan Top Up

There is no need for any documentation when you are going for SBI Home Loan Top Up.
Along with term loan, SBI Home Loan Top Up also offers overdraft loan to meet your requirement.
The processing of SBI Home Loan Top Up is quite fast to help with your finances.
When you apply for SBI Home Loan Top Up, there are no hidden fees or a pre-payment penalty is charged.

SBI Home Loan Top Up Eligibility

You must have Indian citizenship or must be of Indian origin staying abroad.
The CIBIL score must be 550 or more.
The minimum and maximum age criteria lie between 18 to 70 years.
After the moratorium period, you must repay the loan for at least 1 year.
No other SBI Home Loan Top Up variant should be active.

SBI Home Loan Top Up Interest Rate

There are different types of SBI Home Loan Top Up products to suit your financial needs. Following are the SBI Home Loan Top Up interest rate of different home loan products-

Smart Home Top-Up Loan with 1-year MCLR- 8.25%

Details	Non-Salaried	Salaried
Overdraft	10.25%	9.75%
Term Loan	9.75%	9.25%

Home Loan Top-Up without extension of House Property Mortgage- Other than Insta Home Top-Up Loans with 1-year MCLR- 8.25%

Insta Home Loan Top Up (Rs. 1 lakh to Rs. 5 lakhs)	9.25%

Insta Home Top-Up Loan

Rs. 1 lakh to Rs. 5 lakhs	9.25%

Home Loan Top-Up with an extension of House Property Mortgage- Other than Insta Home Top-Up Loans

Amount of Loan	Risk Grade	Non-Salaried Applicant	Salaried Applicant
More than Rs. 5 crores	RG- 1,2,3	11%	10.75%
	RG- 4,5,6	11.50%	11.25%
More than Rs. 2 crores and up to Rs. 5 crores	RG- 1,2,3	9.70%	9.55%
	RG- 4,5,6	9.80%	9.65%
More than Rs. 1 crore and up to Rs. 2 crores	RG- 1,2,3	9.25%	9.10%
	RG- 4,5,6	9.35%	9.20%
More than Rs. 20 lakhs and up to Rs. 1 crore	RG- 1,2,3	9.05%	8.90%
	RG- 4,5,6	9.15%	9%
More than Rs. 5 lakhs and up to Rs. 20 lakhs	RG- 1,2,3	8.85%	8.70%
	RG- 4,5,6	8.95%	8.80%

Home Top-Up Overdraft Loan with an extension of House Property Mortgage more than Rs. 2 crores- Other than Insta Loans Home Top-Up with 1 year MCLR- 8.25%

For the first 5 years- Loan above Rs. 75 lakhs (floating)

Employment Type	Particulars	Women	Others
Salaried Applicants	RG- 1-3	9.15%	9.20%
	RG- 4-6	9.20%	9.25%
Non-Salaried Applicants	RG- 1-3	9.25%	9.30%
	RG- 4-6	9.30%	9.35%

For the first 5 years- Loan above Rs. 30 lakhs and up to Rs. 75 lakhs (floating)

Employment Type	Particulars	Women	Others
Salaried Applicants	RG- 1-3	9.05%	9.10%
	RG- 4-6	9.10%	9.15%
Non-Salaried Applicants	RG- 1-3	9.15%	9.20%
	RG- 4-6	9.20%	9.25%

For the first 5 years- Loan up to Rs. 30 lakhs

Employment Type	Women	Others
Salaried Applicants	8.95%	9.00%
Non-Salaried Applicants	9.05%	9.10%

Home Top-Up Term Loan with an extension of House Property Mortgage exceeding Rs. 5 crores- Other than Insta Home Loans Top-Up with 1-year MCLR- 8.25%

Amount of Loan	Risk Grade	Non-Salaried Applicant	Salaried Applicant
Overdraft more than Rs. 2crores	RG- 1,2,3	10.10%	9.95%
	RG- 4,5,6	10.15%	10.05%
Overdraft more than Rs. 1crore and up to Rs. 2 crores	RG- 1,2,3	10%	9.85%
	RG- 4,5,6	10.10%	9.95%
Overdraft more than Rs. 20 lakhs and up to Rs. 1 crore	RG- 1,2,3	9.75%	9.60%
	RG- 4,5,6	9.85%	9.270%