SBI
Home Loan fulfills our dream of owning your own house. SBI Home Loan
Interest Rate charged is quite attractive and low. Currently, SBI
Home Loan Interest Rate 2019 starts from 8.35%* which is the lowest
prevailing home loan rate in India. The current SBI Home Loan
Interest Rate is linked with the repo rate so, the interest amount is
quite low. Also, SBI Home Loan Interest Rate for existing customers
is quite low, so the EMI repayment amount is also low. On top of that
SBI Home Loan Interest Rate for women applicant is lower than the
male applicant. Based on your income, credit score and employment
type, current SBI Home Loan Interest Rate amount depends.
SBI
Home Loan Interest Rate 2019
SBI Home Loan Interest Rate 2019 begins from 8.35%*. The loan amount depends on your eligibility criteria and the tenure extends up to 30 years. The processing applicable along with current SBI Home Loan Interest Rate is up to 0.35%.
|
SBI
Home Loan Interest Rate
|
8.35%*
onwards
|
|
Processing
Fees
|
0.35%
of the loan amount or Rs. 10,000+GST
|
|
Tenure
|
30
years
|
|
Amount
of Loan
|
Customized
|
SBI Regular Home Loan Interest Rate
Term
Loan
For Loan amount up to Rs. 30 lakhs, with 1 year MCLR- 8.25%
|
Employment
Type
|
Particulars
|
SBI
Home Loan Interest Rate for Women
|
SBI
Home Loan Interest Rate for Others
|
|
Salaried
Applicants
|
LTV
less than equals 80
|
8.35%
(1 year MCLR+10 bps)
|
8.40%
(1 year MCLR+15 bps)
|
|
LTV
greater than 80 and less than or equals to 90
|
8.45%
(1 year MCLR+20 bps)
|
8.50%
(1 year MCLR+25 bps)
|
|
Non-Salaried
Applicants
|
LTV
less than equals 80
|
8.50%
(1 year MCLR+25 bps)
|
8.55%
(1 year MCLR+30 bps)
|
|
LTV
greater than 80 and less than or equals to 90
|
8.60%
(1 year MCLR+35 bps)
|
8.65%
(1 year MCLR+40 bps)
|
For Loan amount ranging between Rs. 30 lakhs to Rs. 75 lakhs with 1 year MCLR- 8.25%
|
Employment
Type
|
Particulars
|
SBI
Home Loan Interest Rate for Women
|
SBI
Home Loan Interest Rate for Others
|
|
Salaried
Applicants
|
RG-
1,2,3
|
8.60%
(1 year MCLR+35 bps)
|
8.65%
(1 year MCLR+40 bps)
|
|
RG-
4,5,6
|
8.70%
(1 year MCLR+45 bps)
|
8.75%
(1 year MCLR+50 bps)
|
|
Non-Salaried
Applicants
|
RG-
1,2,3
|
8.75%
(1 year MCLR+50 bps)
|
8.80%
(1 year MCLR+55 bps)
|
|
RG-
4,5,6
|
8.85%
(1 year MCLR+60 bps)
|
8.90%
(1 year MCLR+65 bps)
|
For Loan amount more than Rs. 75 lakhs with 1 year MCLR- 8.25% with floating rate
|
Employment
Type
|
Particulars
|
SBI
Home Loan Interest Rate for Women
|
SBI
Home Loan Interest Rate for Others
|
|
Salaried
Applicants
|
RG-
1,2,3
|
8.70%
(1 year MCLR+45 bps)
|
8.75%
(1 year MCLR+50 bps)
|
|
RG-
4,5,6
|
8.80%
(1 year MCLR+55 bps)
|
8.85%
(1 year MCLR+60 bps)
|
|
Non-Salaried
Applicants
|
RG-
1,2,3
|
8.85%
(1 year MCLR+60 bps)
|
8.90%
(1 year MCLR+65 bps)
|
|
RG-
4,5,6
|
8.95%
(1 year MCLR+70 bps)
|
9.05%
(1 year MCLR+80 bps)
|
Maxgain- Floating Interest Rate
For Maxgain Loan amount lying between Rs. 75 lakhs and Rs. 3 crores with 1 year MCLR- 8.25%
|
Employment
Type
|
Particulars
|
SBI
Home Loan Interest Rate for Women
|
SBI
Home Loan Interest Rate for Others
|
|
Salaried
Applicants
|
RG-
1,2,3
|
8.85%
(1 year MCLR+60 bps)
|
8.90%
(1 year MCLR+65 bps)
|
|
RG-
4,5,6
|
8.95%
(1 year MCLR+70 bps)
|
9.00%
(1 year MCLR+75 bps)
|
|
Non-Salaried
Applicants
|
RG-
1,2,3
|
9.05%
(1 year MCLR+80 bps)
|
9.10%
(1 year MCLR+85 bps)
|
|
RG-
4,5,6
|
9.15%
(1 year MCLR+90 bps)
|
9.20%
(1 year MCLR+95 bps)
|
For Maxgain Loan amount lying between Rs. 20 lakhs and Rs. 30 lakhs with 1 year MCLR- 8.25%
|
Employment
Type
|
Particulars
|
SBI
Home Loan Interest Rate for Women
|
SBI
Home Loan Interest Rate for Others
|
|
Salaried
Applicants
|
LTV
less than equals 80
|
8.40%
(1 year MCLR+15 bps)
|
8.45%
(1 year MCLR+20 bps)
|
|
LTV
greater than 80 and less than or equals to 90
|
8.50%
(1 year MCLR+25 bps)
|
8.55%
(1 year MCLR+30 bps)
|
|
Non-Salaried
Applicants
|
LTV
less than equals 80
|
8.60%
(1 year MCLR+35 bps)
|
8.65%
(1 year MCLR+40 bps)
|
|
LTV
greater than 80 and less than or equals to 90
|
8.70%
(1 year MCLR+45 bps)
|
8.75%
(1 year MCLR+50 bps)
|
For Maxgain Loan amount above Rs. 3 crores with 1 year MCLR- 8.25%
This
maxgain loan is applicable only for existing customers. So, SBI Home
Loan Interest Rate for existing customers is given below-
|
Employment
Type
|
Particulars
|
SBI
Home Loan Interest Rate for Women
|
SBI
Home Loan Interest Rate for Others
|
|
Salaried
Applicants
|
RG-
1,2,3
|
9.20%
(1 year MCLR+95 bps)
|
9.25%
(1 year MCLR+100 bps)
|
|
RG-
4,5,6
|
9.30%
(1 year MCLR+105 bps)
|
9.35%
(1 year MCLR+110 bps)
|
|
Non-Salaried
Applicants
|
RG-
1,2,3
|
9.40%
(1 year MCLR+115 bps)
|
9.45%
(1 year MCLR+120 bps)
|
|
RG-
4,5,6
|
9.50%
(1 year MCLR+125 bps)
|
9.55%
(1 year MCLR+130 bps)
|
For Maxgain Loan amount lying between Rs. 30 lakhs and Rs. 75 lakhs with 1 year MCLR- 8.25%
|
Employment
Type
|
Particulars
|
SBI
Home Loan Interest Rate for Women
|
SBI
Home Loan Interest Rate for Others
|
|
Salaried
Applicants
|
RG-
1,2,3
|
8.70%
(1 year MCLR+45 bps)
|
8.75%
(1 year MCLR+50 bps)
|
|
RG-
4,5,6
|
8.80%
(1 year MCLR+55 bps)
|
8.85%
(1 year MCLR+60 bps)
|
|
Non-Salaried
Applicants
|
RG-
1,2,3
|
8.90%
(1 year MCLR+65 bps)
|
8.95%
(1 year MCLR+70 bps)
|
|
RG-
4,5,6
|
9.00%
(1 year MCLR+75 bps)
|
9.05%
(1 year MCLR+80 bps)
|
Home
Top-Up Loan
Smart
Home Top-Up Loan
|
Details
|
SBI
Home Loan Interest Rate- Non-Salaried
|
SBI
Home Loan Interest Rate- Salaried
|
|
Overdraft
|
10.25%
|
9.75%
|
|
Term
Loan
|
9.75%
|
9.25%
|
Insta
Home Top-Up Loan
|
Rs.
1 lakh to Rs. 5 lakhs
|
9.25%
|
Home
Top-Up Loan with extension of House Property Mortgage- Other than
Insta Home Top-Up Loans
|
Loan
Amount
|
Risk
Grade
|
SBI
Home Loan Interest Rate- Non-Salaried Applicant
|
SBI
Home Loan Interest Rate- Salaried Applicant
|
|
More
than Rs. 5 crores
|
RG-
1,2,3
|
11%
|
0.75%
|
|
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%
|
SBI
Home Loan linked to Repo Linked Lending Rate (RLLR)
|
Interest
Rate
|
For
loan amount up to Rs. 75 lakhs- 8.40% (RG- 1,2,3) & 8.55% (RG-
4,5,6)
For
loan amount more than Rs. 75 lakhs- 8.95% (RG- 1,2,3) & 9.10%
(RG- 4,5,6)
|
|
Amount
of Loan
|
No
cap on the maximum amount
|
|
Loan
Tenor
|
Max
33 years (may exceed up to 35 years)
|
|
Repayment
|
Every
year, you need to repay at least 3% principal loan amount as EMI
|
|
Income
|
Minimum
Gross Income- Rs. 6 lakhs yearly
|
RLLR- 8% as on 1/7/2019
*interest rate might vary from time to time
