State Bank of India Home Loan
State Bank of India offers one of the most trusted home loan products in India with competitive interest rates and extensive branch network support.
Key Highlights
State Bank of India Home Loan Interest Rates
Current interest rates as per latest updates
* Interest rates are subject to change based on RBI guidelines and your credit profile.
* Final rates depend on loan amount, tenure, and creditworthiness.
Features & Benefits
Key Features
- EBR linked rates
- Online application
- Wide branch network
Special Offers
- Special rates for women borrowers
- Concession for government employees
- Lower rates for high CIBIL score customers
Pros and Cons
Advantages
- Government bank trust
- Competitive rates
- Pan-India presence
Considerations
- Slower processing
- Heavy documentation
State Bank of India Home Loan Eligibility
Check if you meet the eligibility criteria
- Age: 21-70 years for salaried, 21-65 years for self-employed
- Minimum income: ₹15,000 per month for salaried
- CIBIL Score: 750 and above preferred
- Work experience: 2 years for salaried, 3 years for business
Documents Required
Keep these documents ready for quick processing
- Identity proof (Aadhaar, PAN, Passport)
- Address proof (Utility bills, Aadhaar)
- Income proof (Salary slips, ITR, Form 16)
- Bank statements (6 months)
- Property documents
Apply for State Bank of India Home Loan
Start your home loan application process today
Compare with Other Banks
See how State Bank of India compares with other lenders
Frequently Asked Questions
What is the minimum income required for State Bank of India home loan?
The minimum income requirement varies based on your location and employment type. Generally, it ranges from ₹10,000 to ₹25,000 per month.
How long does State Bank of India take to approve a home loan?
The approval process typically takes 7-15 working days, depending on document verification and property evaluation.
Can I prepay my State Bank of India home loan?
Yes, you can prepay your home loan. Some banks may charge prepayment penalties, so check the terms and conditions.
Important Disclaimer
• All information provided is for reference purposes only and subject to change.
• Interest rates and fees are indicative and may vary based on your profile and market conditions.
• Loan approval is subject to the bank's terms and conditions and credit assessment.
• Please verify all details with the bank before making any financial decisions.