State Bank of India Home Loan rate of interest, SBI home loan interest rates
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State Bank of India Home Loan Interest Rates

When you’re searching for the most affordable home loan interest rates from the market, you should give State Bank of India a thought. State Bank of India home loan interest rates are one of the best rates that are available to you in India.

About State Bank of India Home Loan Interest Rates

State Bank of India home loan interest rates are one of the most competitive rates that you will get in the market. The rates are subject to change as per the sole discretion of SBI. The tables given below will help you understand State Bank of India home loan rates better:

SBI Advantage Home Loan



  Interest rate for loans
Loan amount Above Rs 30 lacs and upto Rs. 75.00 Lacs
Facility Type Term Loan
Interest for first year 8.5% per annum
Interest for 2nd and 3rd year 9.25% per annum
Rate of interest 4th year onwards 1.75% higher than the Base Rate, Presently rate in force being 9.75% per annum.
No Fixed rate Option




SBI Premium Home Loan option is for loan amount above Rs.75 Lacs. The interest rate charged is 1.75% over the Base Rate, present effective rate being 9.75% p.a and there is no Fixed Interest Rate option.


SBI Easy Home Loan



  Interest rate for loans
Loan amount Upto Rs.30 Lakhs
Facility Type Overdraft (MaxGain) or Term Loan
Interest for first year 8.5% per annum (Fixed)
Interest for 2nd and 3rd year 9.25% per annum (Fixed)
Rate of interest after 4rd year 1.50% higher than the Base Rate, presently rate in force being 9.50% per annum
No Fixed rate Option
The Base Rate of State Bank of India is 8.00% per annum.

Processing fees for State Bank of India home loans

The table given below will give you a fair idea about the reviewed processing fee structure (comprising service tax) with effect from 09.11.2009:

Loan Amount Processing Fee (Modified)
Upto Rs.5 Lakhs Rs.1000/-
More than Rs.5 Lakhs and upto Rs.10 Lakhs Rs.2000/-
More than Rs.10 Lakhs and upto Rs.20 Lakhs Rs.5000/-
More than Rs.20 Lakhs and upto Rs.50 Lakhs Rs.7,000/-
More than Rs.50 Lakhs and upto Rs.1 Crore Rs.8,000/-
More than Rs.1 Crore and upto Rs.5 Crore Rs.10,000/-
More than Rs.5 Crore Rs.20,000/-


Pre-closure Penalty

You will not be asked to pay any prepayment penalty in case the loan is preclosed from your own source of funds/windfall profits/savings for which documentary proof is furnished by the customer.

Repayment term of State Bank of India home loans

The maximum repayment period for a SBI home loan is 25 years or the borrower attaining the age of 70 years (by which time the loan has to be paid in full), whichever comes in the first place.

Repayment holiday/moratorium period for SBI home loans

The moratorium period or repayment holiday will be incorporated into the maximum repayment term of the loan.
As Updated on 03-Feb-2011




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