Home Loans Interest Rates (Current)

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Home Loans Interest Rates (Current)

Festive Offer Interest rates
Home Loans Interest Rates (Current)

Rate of Interest Concessions from 01.01.2022 to 31.03.2022:

Concessional Rate of Interest for Home Loan
Loan Bracket	CIBIL/CIC Score	ROI Applicable
Upto Rs. 30 lacs	> =750	6.70%
Upto Rs. 30 lacs	<750	Card Rate
Above 30 lacs	>=750	6.70%
	>=700 ~ 749	6.80%
	New to Credit (-1)	6.90%
Minimum Floor Rate – 6.70

25bps premium to be charged for CRE, MaxGain and SBI Realty HL over and above the concessional rate of interest.
All proposals not covered above would attract card interest rates.
T&C Apply

HOME LOANS: FLOATING INTEREST CARD RATES W.E.F.01.05.2021

(A)- HOME LOAN INTEREST CARD RATE STRUCTURE (FLOATING) :EBR 6.65%

LOAN AMOUNT	SALARIED
	TERM LOAN	MAXGAIN
Up to Rs 30 Lacs	EBLR+ 15 bps ER: 6.80% (ER: Effective Rate)	EBLR+ 50 bps ER: 7.15%
Above Rs 30 Lacs to Rs 75 Lacs	EBLR+ 40 bps ER: 7.05%	EBLR+ 75bps ER: 7.40%
Above Rs 75 Lacs	EBLR+ 50bps ER: 7.15%	EBLR + 85bps ER: 7.5%

A premium of 15 bps will be added to the Card Rate for Non-Salaried Customers.
A premium of 10 bps will be added to the Card Rate for Loan up to Rs 30 Lacs if LTV ratio is >80% & <=90%.
A premium of 10 bps will be added to the Card Rate for customers falls under RG (4 to 6)
05 bps concession will be available to women.
05 bps concession will be available for digitally sourced loan in YONO
Premium of Non Salaried Customers,Risk Grade 04 to 06, Loan up to Rs 30 Lacs if LTV ratio is >80% & <=90% and concession for women customers will be clubbed with Card Rate/ other premium for arriving at Final Rate for the customer.

EBR 6.65%

Product	Applicable Interest Rate
Tribal Plus Scheme	An additional 10 bps will be added to the Final Rate
Home loan to Employees of Kerala Government scheme	EBR+15 bps, ER:6.80%
CRE Home Loan	An additional 50 bps premium will be added to the Final Rate

SBI Privilege and Shaurya Schemes EBR 6.65%

SBI Privilege and Shaurya Schemes

(a) Where check-off facility is provided by the Government Department / Defense Establishment under tie-up with our Bank –
Interest rate applicable to women will be applicable to men/others.
(b) Where check-off facility is not available–
Interest rates as applicable to others category will be applicable after taking into consideration the LTV Ratio, Risk Grade, gender and limit.

SBI REALTY LOANS

For First Five Years EBR 6.65%

LOAN AMOUNT	Applicable Interest Rate
Up to Rs 30 Lacs	EBLR+ 85 bps ER: 7.50%
Above Rs 30 Lacs to Rs 75 Lacs	EBR +95 bps ER: 7.60%
Above Rs 75 Lac	EBR + 105 bps ER: 7.70%

A premium of 10 bps will be added to the Card Rate for customers falls under Risk Grade 04 to 06.
05 bps concession will be available to women
A premium of 05 bps will be added for the customers who is not having salary account with SBI

(B)- HOME TOP UP CARD INTEREST RATE STRUCTURE (FLOATING) :EBR 6.65%

	Applicable Interest rate
	Term Loan	Overdraft
Up to Rs. 20lacs	EBR + 85 bps ER: 7.50%	N. A.
Above Rs.20 lacs and up to Rs.1 crore	EBR + 105 bps ER: 7.70%	EBR + 175 bps ER: 8.40%
Above Rs.1 crore and up to Rs.2crores	EBR + 125 bps ER: 7.90 %	EBR + 200 bps ER: 8.65 %
Above Rs.2 Crores and up to Rs.5 Crores	EBR + 170 bps ER: 8.35%
Above Rs.5 crores	EBR + 290 bps ER: 9.55%

A premium of 15 bps will be added to Card Rate for Non-Salaried Customers.
A premium of 10 bps will be added to the Card Rate for customers falls under Risk Grade 04 to 06.
Premium of Risk Grade 04 to 06 will be clubbed with other premium for arriving at final Rate for the customers.

EBR 6.65%

INSTA HOME TOP UP LOAN (Rs 01 Lacs to Rs 05 Lacs)

155 bps above EBR, irrespective of Risk Grades, Gender and occupation

EBR 6.65%

SMART HOME TOP UP LOAN	Applicable Interest Rate
	SALARIED	NON-SALARIED
TERM LOAN	EBR + 140bps ER: 8.05%	EBR + 190 bps ER: 8.55%
OVERDRAFT	EBR + 190 bps ER: 8.55%	EBR + 240 bps ER: 9.05%

(C)- PERSONAL LOAN AGAINST PROPERTY (P-LAP) :EBR 6.65%

		Applicable Interest rate
Personal Loan Against Property (P-LAP) i) Salaried (where more than 50% of NMI is coming from salary income) and Non-Salaried (where more than 50% of NMI is coming from Business/ Profession or rental income income), If the residential property is self-Occupied	Up to Rs. 1crs	EBR + 215 bps ER: 8.80%
	Above Rs. 1 cr & up to Rs. 2 crs.	EBR + 265 bps ER: 9.30%
Personal Loan Against Property (P-LAP) ii) Salaried (where more than 50% of NMI is coming from salary income), If the residential property is not self-Occupied/ commercial property	Up to Rs. 1crs	EBR + 225 bps ER: 8.90%
	Above Rs. 1 cr & up to Rs. 2 crs.	EBR + 275 bps ER: 9.40%
Personal Loan Against Property (P-LAP) iii) Non-Salaried (where more than 50% of NMI is coming from Business/ Profession or rental income income), If the residential property is not self-Occupied/ commercial property	Up to Rs. 2 crs	EBR + 280 bps ER: 9.45%
Personal Loan Against Property (P-LAP) iv) Salaried and Non-Salaried (where more than 50% of NMI is coming from Business/ Profession or rental income income), If the residential property is not self-Occupied/ commercial property	Above Rs 2 crs and Up to Rs 7.5 crs	EBR + 300 bps ER: 9.65%

(D)- SBI BRIDGE LOAN :EBR 6.65%

	Applicable Interest rate
FOR FIRST YEAR	EBR + 285 bps ER: 9.50%
FOR SECOND YEAR	EBR + 385 bps ER: 10.50%

(E)- EMD SCHEME :EBR 6.65%

	Applicable Interest rate
EMD SCHEME	EBR + 380 bps ER: 10.45%

(F)- REVERSE MORTGAGE LOANEBR EBR 6.65%

	Applicable Interest rate
For Public	EBR + 240 bps ER: 9.05%
For SBI Pensioners	EBR + 140 bps ER: 8.05%

Last Updated On : Saturday, 01-01-2022

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Home Loans Interest Rates (Current) - Interest Rates