What is the Home Loan Interest Rate in SBI?

My father took a home loan from the State Bank of India last year, so I can tell you what is the interest rate for housing loan in SBI. State Bank of India offers its regular home loans at interest rates starting from 7.50% p.a. w.e.f. 15 June 2025. It is under its external benchmark linked scheme (RLLR/EBLR).

What is the SBI Home Loan Interest Rate?

It depends on the loan scheme you chose, your loan amount, whether you’re salaried or self-employed, loan-to-value (LTV), risk grade, gender, and the applicant's credit score. 

• As per SBI’s interest card (May 2021 structure, still indicative), salaried borrowers under Rs 30 lakh pay EBLR + 15 bps (effective 6.80%), 

• Rs 30 to Rs 75 lakh are charged EBLR + 40 bps (~7.05%), and 

• Over Rs 75 lakh EBLR + 50 bps (~7.15%).

For non-salaried applicants or those with higher risk grades, premiums apply. Conversely, women borrowers and digital (YONO) applicants may enjoy a 5 bps concession.

According to financial aggregators, current SBI home loans today typically carry rates between 8.50% to 10.15% p.a., varying by scheme regular (8.50–10.15%), Tribal Plus (9.25–9.75%), Realty loans (9.45–9.85%), CRE/personal/home top‑up loans (9.35–10.15%). I hope you get an idea of what is home loan interest rate in SBI.

My father took a home loan from the State Bank of India last year, so I can tell you what is the interest rate for housing loan in SBI. State Bank of India offers its regular home loans at interest rates starting from 7.50% p.a. w.e.f. 15 June 2025. It is under its external benchmark linked scheme (RLLR/EBLR).

What is the SBI Home Loan Interest Rate?

It depends on the loan scheme you chose, your loan amount, whether you’re salaried or self-employed, loan-to-value (LTV), risk grade, gender, and the applicant's credit score. 

• As per SBI’s interest card (May 2021 structure, still indicative), salaried borrowers under Rs 30 lakh pay EBLR + 15 bps (effective 6.80%), 

• Rs 30 to Rs 75 lakh are charged EBLR + 40 bps (~7.05%), and 

• Over Rs 75 lakh EBLR + 50 bps (~7.15%).

For non-salaried applicants or those with higher risk grades, premiums apply. Conversely, women borrowers and digital (YONO) applicants may enjoy a 5 bps concession.

According to financial aggregators, current SBI home loans today typically carry rates between 8.50% to 10.15% p.a., varying by scheme regular (8.50–10.15%), Tribal Plus (9.25–9.75%), Realty loans (9.45–9.85%), CRE/personal/home top‑up loans (9.35–10.15%). I hope you get an idea of what is home loan interest rate in SBI.

A few months ago, I was considering getting a home loan from SBI as I was looking to invest in some property for me and my family. So when I was researching the same, I found the SBI interest rates to be quite competitive. As of my last check, the home loan interest rate in SBI starts from around 8.50% per annum. Let me tell you, this rate can vary based on several factors which I mentioned below.

What is the Interest Rate of Home Loan in SBI?

The State Bank of India offers home loans with interest rates ranging from 8.50% to 9.65%. The type of loan, the applicant's credit score, and whether the customer is new or existing are some factors that affect this rate.

• I finally chose the SBI Flexipay Home Loan, as it was intended for young professionals. This plan allows borrowers to pay only interest, which simplifies money management over the first several years. This choice provided a flexibility that suited my budget, although having a somewhat higher interest rate.

• To gain a better understanding of the cost, I then utilised the SBI Home Loan EMI Calculator. Entering the loan amount and the desired period allowed me to evaluate how different interest rates would affect my monthly payments. 

I hope this helps you understand what is the SBI home loan interest rate.

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