SBI Home Loan for Ladies
State Bank of India (SBI) provides lower interest rates for women borrowers on its home loan products, including the special ‘Her Ghar’ scheme. To avail this benefit, the woman must be the sole applicant or the first co-applicant on the loan.
SBI Home Loan for Ladies
Women homebuyers can now turn their dream home into reality at a lower cost with SBI housing loan for ladies. These loans come with special interest rates and exclusive benefits that can help save lakhs over the loan tenure.
The SBI ladies home loan offers flexible repayment options and is tailored for working professionals, entrepreneurs, and homemakers. Borrowers can also enjoy additional advantages through various government schemes, making homeownership more affordable and accessible.
SBI Home Loan Interest Rates
Currently, SBI home loan For Ladies interest rates range from 8.50% to 10.05% per annum, depending on factors like the loan type, CIBIL score, facility type (Term Loan or Overdraft), and loan amount. Women borrowers enjoy a 5bps concession, making their rates slightly lower than male applicants, with a minimum effective rate of 9.15%. This is one of the key home loan benefits for ladies SBI, helping women save on interest and make homeownership more affordable.
| Rate of Interest | Max funding | ||
| Credit Score | ROI | Loan Amount | Funding % |
| >=825 | 7.50% | <=30 Lakh | 90% |
| 750 – 824 | 7.70% | ||
| 700 – 749 | 7.80% | 30<75 Lakh | 80% |
| 650 – 699 | 8.15% | ||
| 550-649 | 8.45% | 75 Lakh> | 75% |
| NTC | 7.80% | ||
| NTC=101-150 | 8.25% | – | – |
| NTC=150-200 | 7.70% | – | – |
| Apply Now | |||
Features and Advantages of SBI Home Loan for Ladies
SBI home loan benefits for Ladies make it easier for female borrowers to achieve their dream of owning a home. Key highlights include:
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Competitive Interest Rates: SBI home loan interest rates range from 8.50% – 10.05% p.a
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Lower Rates for Women: Female borrowers enjoy a 5 bps concession, making it one of the top SBI home loan benefits for women
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Higher Loan Amounts: Finance up to 80%–90% of the property value
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No Processing Fee: Enjoy a loan process free of processing charges
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Flexible Repayment Tenure: Repay the loan over a period of up to 30 years
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Variety of Housing Loan Plans: SBI offers multiple schemes to suit different housing needs
These features make SBI home loans for women affordable, accessible, and convenient, helping women take the first step toward homeownership.
Understanding SBI Her Ghar Home Loan Scheme
SBI Ladies Home Loan through the Her Ghar Home Loan scheme is specially designed for women homebuyers. This scheme offers exclusive benefits and interest concessions, making it easier for women to own their dream homes.
Features and Benefits of SBI “Her Ghar” Housing Loan
The SBI Home loan for ladies under the Her Ghar scheme is designed to empower women and make homeownership easier. Key features and benefits include:
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Lower Interest Rates: Concessional rates starting at 9.85% p.a., with EMIs as low as ₹867 per lakh for a 30-year tenure.
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Flexible Repayment Options: Repay over a tenure of up to 30 years or until the borrower reaches 70 years of age.
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Higher Loan Amounts: Borrowing limits are based on income, assets, liabilities, property value, and repayment capacity.
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Easy & Hassle-Free Process: Minimal documentation, low processing charges, and the convenience of online application and tracking.
This scheme is tailored to make SBI housing loans for ladies one of the most accessible and borrower-friendly options for women looking to own their dream home.
SBI Her Ghar Home Loan Eligibility Criteria
To avail home loan benefits for ladies SBI under the Her Ghar scheme, the following conditions must be met:
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The woman must be the sole applicant or the first co-applicant on the loan.
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The property financed should be in the sole name of the woman applicant or she should be the first owner in case of joint ownership.
Additionally, the applicant must also meet the general SBI home loan benefits for ladies criteria:
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Must be an Indian resident
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Age between 18 and 70 years at the time of loan sanction
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Must have a regular income and a good credit rating
This ensures that women can easily access the special benefits offered under SBI’s home loan schemes.
Documents Required for SBI Her Ghar Home Loan
To apply for an SBI housing loan for ladies under the Her Ghar scheme, you will need to submit the following documents:
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Three passport-sized photographs
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Completed loan application form
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PAN Card
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Identity proof: Driving license, Passport, or Voter ID (photocopy)
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Residential proof: Electricity bill, Telephone bill, or similar
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Bank account statement or passbook for the last 6 months
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Liability statements and details of personal assets
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Signature verification from your current bank
These documents help ensure a smooth and hassle-free process for your SBI ladies home loan application.
Step-by-Step Application Process
Planning to apply for your SBI home loan For Ladies? The bank has made the application process efficient and hassle-free for women borrowers. This guide will help you secure your home loan quickly.
Online Application Procedure
SBI home loan For Ladies applications can be submitted through several digital channels. The bank’s official website or YONO mobile app makes the process simple. Each step on the online portal explains eligibility, terms, and document requirements clearly. The application can be saved and completed within 15 days.
Document Submission and Verification
The bank needs these documents after your original application:
- Three passport-sized photographs
- Identity and residence proof
- Income documents (salary slips/tax returns)
- Property papers and payment receipts
SBI will verify everything through:
- Legal assessment of property documents
- Technical property evaluation
- Credit history check
- Income verification
Loan Approval and Disbursement Timeline
Your SBI home loan For Ladies takes 3-10 days to process after document submission. The timeline looks like this:
| Stage | Timeline |
| Initial Processing | 2-3 days |
| Document Verification | 3-5 days |
| Credit Assessment | 2-3 days |
| Final Approval | 2-3 days |
SBI provides flexible disbursement options based on your property’s construction stage. Builder tie-up properties get processed in 6 days, while other properties need 12-16 days
Additional Benefits and Government Schemes
The SBI home loan for ladies offers more than just simple features. You can access many government schemes and incentives that make homeownership affordable. These benefits can reduce your overall home buying costs by a lot.
PMAY Benefits for Women
The Pradhan Mantri Awas Yojana provides substantial benefits to women homebuyers. You can receive an interest subsidy up to ₹2.67 lakhs with co-owner registration. Women from economically weaker sections and lower income groups receive a 6.5% rebate on loans up to ₹6 lakhs. The property must have female ownership to ensure your legal stake.
Tax Benefits and Deductions
Your SBI home loan For Ladies provides excellent tax advantages:
- Principal repayment deduction up to ₹1.5 lakhs under Section 80C
- Interest payment deduction up to ₹2 lakhs under Section 24(b)
- Both you and your spouse can claim deductions individually when co-applying
First-time homebuyers can claim an additional ₹1.5 lakhs deduction under Section 80EEA for properties valued up to ₹45 lakhs. These tax benefits and concessions make the SBI housing loan for ladies a smart financial decision.
Also Check:
| Home Loan Interest Rate For Bank Employees |
| HDFC Home Loan Interest Rate For Females |
| PNB Home Loan Interest Rate For Govt Employees |
| PNB Home Loan Interest Rate for Females |
| Home Loan For Advocates |
How NoBroker Helps:
NoBroker simplifies the home buying and loan process, ensuring a smooth experience for women borrowers:
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Zero Brokerage: Avoid paying extra fees to middlemen.
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Assistance with SBI Loans: Guidance on applying for SBI Home Loans for Ladies and other schemes.
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Property Verification & Documentation: Helps you verify properties, submit documents, and track loan approval.
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Time-Saving: Streamlined process reduces delays, making your journey from property search to home ownership hassle-free.
With NoBroker and SBI Home Loan for Ladies, women can enjoy a transparent, efficient, and cost-effective path to owning their dream home.
Conclusion
SBI home loan For Ladies create an accessible path to homeownership through lower interest rates, flexible repayment options, and substantial government benefits. A woman borrower’s status helps save money at multiple levels – from the 0.05% interest rate concession to state-specific stamp duty benefits that can save lakhs of rupees. These advantages, plus tax deductions and PMAY benefits, make property ownership more affordable by a lot.
The simplified application process and clear eligibility criteria help you move toward your dream home with confidence. A complete documentation set and a good credit score strengthen your application. Your role as the sole owner or first co-owner not only qualifies you for special benefits but also boosts your financial independence.
Your nearest SBI branch can help you discover these women-specific home loan benefits. With the right planning and documentation, you can get an SBI Her Ghar home loan that fits your needs while maximizing available concessions and tax benefits.
