SBI Home Loan

Purchase your dream home with an SBI Home Loan. Enjoy quick approval, attractive rates, and flexible EMIs. Apply online today.


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    Rate of Interest

    8.5% to 8.9% p.a.


    5-30 years

    Processing fee


    Loan Amount

    Rs.10 lakh - 10 crore

    Prepayment Charges


    Foreclosure Charges


    Required Documents

    Mandatory documents

    Completed loan application

    👉 Three passport size photographs

    👉 Identity proof (any one): PAN/ Driving License/ Passport/ Voter ID card

    👉 Address proof (any one): Recent copy of any utility bill (Telephone/ Electricity/ Water/ Piped Gas) or Passport/ Driving License/ Aadhar Card

    👉 Other documents to be submitted as per your profile

    For salaried individuals

    1. Salary slips for the last 3 months

    2. Copy of Form-16 or IT Returns for the last 2 years

    For self-employed individuals

    1. Proof of business address

    2. Balance sheet and P&L statement for the last 3 years

    3. Business license details

    4. Copy of IT Returns for the last 3 years

    5. Copy of Form-16A (if applicable)

    6. Certificate of qualification (for C.A., Doctor, and other professionals)

    For Farmers

    1. Last 2 years’ income certificate by Talati/ Gram Sevak/ Village Revenue Officer

    2. Land revenue records – Form 6, 7/12, 8A

    3. Bank account statement for the last 12 months

    For non-resident Indians (NRIs)

    1. A copy of valid visa or work permit

    2. Any of the following for NRIs with Seafarer work profile:
      • Valid job contract
      • Continuous Discharge Certificate (CDC) (if disembarkation stamp is not older than 6 months)
      • Expired contract letter (if disembarkation stamp is older than 6 months)
      • Last salary slip as proof of employment with a shipping company

    3. Relevant passport pages (with overseas address)

    4. Overseas address proof: Government issued National Identity Card/ Driving license/ Utility bill/ Overseas bank statement

    5. Employer’s certificate

    6. Address proof of the blood relative you’re staying along with proof of relationship

    Key Features

    1. Loan Amount: SBI offers a variety of home loan schemes that provide a loan amount of up to Rs.10 crores to meet the diverse needs of individuals coming from different sections of society.

    2. Interest Rate: To ensure that everyone is able to afford a house, SBI Home Loan offers a competitive interest rate that starts from 6.80%. Hence, making its EMIs affordable.

    3. Prepayment/Foreclosure Charges: SBI Home Loan can be foreclosed or prepaid with no additional charges.

    4. Processing Fees: The processing fee of SBI Home Loan starts from 0% and goes up to 0.50%, depending upon eligibility and the home loan scheme selected.

    5. Application Process: Customers can apply for a SBI Home Loan either by visiting the nearest branch, or simply logging in online – from the comfort of their home.

    6. Flexible Tenure: SBI Home Loan can be repaid within a maximum tenure that goes up to 30 years. The tenure is flexible and can be chosen as per the repayment ability.

    7. Balance Transfer Facility: SBI allows all its customer to transfer their existing home loan to another bank or NBFC without any prepayment charges to avail better rates and benefits.

    8. Minimum Documentation: To make the home loan process easy and disbursal quick, SBI asks for minimum documentation from its customers

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    Eligible for EMI Amount: ₹0.00
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