SBI Home Loan Interest Rate: All You Need to Know in 2025

If you're planning to buy a home and looking for a reliable lender, the State Bank of India (SBI) is one of the top choices. Known for its competitive rates, trustworthiness, and wide network, SBI offers home loans to salaried and self-employed individuals across India.

In this blog, we break down the SBI home loan interest rates, features, eligibility, and how to apply.

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SBI Home Loan Interest Rate 2025

As of May 2025, the SBI home loan interest rate starts from 8.40% per annum and can go up depending on various factors like credit score, loan amount, and employment type.Swiploan.

Interest Rate Slabs

Note: Final interest rate depends on your CIBIL score, loan amount, and employment type.

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How SBI Interest Rate Affects Your EMI

Let’s calculate EMI for a ₹40 lakh loan over 20 years at different rates:

Tip: A lower rate can save you ₹1.5+ lakh over 20 years!

Use SBI’s Home Loan EMI Calculator to estimate your exact repayment.

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SBI Home Loan Features

• Loan Tenure: Up to 30 years

• Loan Amount: No upper limit (subject to eligibility)

• Processing Fee: 0.35% of loan amount (max ₹10,000 + taxes)

• Interest Type: Floating (linked to RBI’s repo rate)

• Balance Transfer Option: Yes

• No Prepayment Penalty: On floating rate loans

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Special Benefits for Women Borrowers

• Interest rate concession of 0.05%

• Option to be the primary or co-applicant

• Encouragement to promote homeownership among women

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Eligibility Criteria for SBI Home Loan

• Age: 18 to 70 years

• Income: Stable income from salary or business

• CIBIL Score: Preferably above 750

• Employment Type: Salaried, self-employed, pensioners

• Co-applicant: Allowed (spouse, parents, siblings)

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Documents Required

• PAN Card, Aadhaar

• Income proof (salary slips or ITRs)

• Property documents

• Bank statements (last 6 months)

• Passport-size photos

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How to Apply for SBI Home Loan

You can apply online or offline: Swiploan.

Online:

1. Visit: https://homeloans.sbi

2. Select “Home Loan”

3. Fill in your details and upload documents

4. Get instant eligibility check

Offline:

• Visit any nearby SBI branch

• Fill out the application form

• Submit KYC and income proof

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SBI Home Loan Balance Transfer

Already paying a higher rate with another bank? You can switch to SBI and benefit from:

• Lower interest rates

• Reduced EMIs

• Zero prepayment penalty (if on floating rate)

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Final Thoughts

SBI offers one of the most transparent and affordable home loan products in India. With rates starting from 8.40%, it’s a strong choice for anyone looking to fund their dream home in 2025.

If you have a strong credit profile, stable income, and meet the eligibility criteria, SBI can offer you competitive interest rates and flexible repayment options. To Know More To Connect Swiploan.