What is Current Interest Rate of SBI Home Loan

What is Current Interest Rate of SBI Home Loan?

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What is Current Interest Rate of SBI Home Loan: The State Bank of India is one of the largest multinational public sector bank in India has offers attractive interest rate on SBI Home Loans. SBI offers various home loan schemes such as SBI Regular Home Loan, SBI Tribal Plus, SBI Flexipay Home Loan, etc. The SBI Home Loans interest rates are starting at 8.55% Per Annum. The processing fees on these loans is 0.35% of the loan amount plus applicable taxes. The loan amount tenure can be extended up to 30 years, ensuring a comfortable repayment period.

Interest Rate 8.55% p.a. – 12.35% p.a.
Loan Amount Based on eligibility
Processing Fees 0.35% – 1% of loan amount
Prepayment/Foreclosure Charges Nil
Max Tenure 30 Years

Current Interest Rate of SBI Home Loan

The State Bank of India is offering a concession on SBI Home Loan Interest Rates between 15 and 30 basis points from 4th October 2022 to 31st January 2023. The SBI Bank is providing lower interest rates on home loan during the festive season. Under this season, the range of interest rate of sbi housing loan between 8.40% and 9.05% & the best part is no processing fee will be levied by SBI on top-up and regular home loans.

SBI Home Loan Interest Rates 2022

SBI Home Loan Scheme Interest Rates % (P.A)
Regular Home Loan 8.55% to 8.75%
Top-up Loan 8.95% to 9.15%
Tribal Plus 8.65% to 8.85%
CRE Home Loan 8.75% to 8.95%
Realty Loan 8.85% to 9.05%
P-LAP 10.30% to 10.50%

SBI Home Loan Schemes

We have already discussed the current interest rate of SBI Home Loan, now we will discussed different SBI home loan schemes –

  • SBI Regular Home Loan
  • SBI Tribal Plus
  • SBI Home Loan to Non-Salaried Differential Offerings
  • SBI Flexipay Home Loan
  • SBI Reverse Mortgage Loan
  • SBI Surakhsha
  • SBI NRI Home Loan

SBI Home Loan Eligibility

There are mention below some of the eligibility that you need to apply for SBI Home Loan –

  • Applicant must be a resident and non-resident Indian.
  • Applicant’s age limit must between 18 years to 70 years.

SBI Home Loan Application Documents

You need the following documents in order to apply for SBI Home Loan –

  • Filled Application Form
  • Three Passport Size Photo
  • Residential Proof
  • Employer Identity Card
  • Proof of Income Salaried & No-Salaried Applicant

How to Apply for SBI Home Loan

In order to apply for SBI Home Loan, you have to visit the nearest branch of the State Bank of India with all the required documents, and submit the filled application form to the bank official.

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