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About SBI Home Loans

SBI Home Loans, the largest mortgage lender in India, has been a trusted partner in fulfilling the homeownership dreams of over 31 Lacs families.


Types of SBI Home Loans

Under the broad umbrella of SBI Home Loans, multiple options cater to diverse needs and aspirations:

Here are some loans offered by SBI Bank:

Home Purchase Loans

The popular choice for buying a new residential property or purchasing an existing home from its previous owner.

Home Improvement Loans

Designed to cover the costs of repair and renovation work within your home, ensuring it meets your changing needs.

Home Construction Loans

Tailored for those who wish to build their dream home on a pre-owned plot of land, offering specialized support throughout the construction process.

Home Extension Loan

For homeowners seeking to expand their existing dwelling, whether by adding extra rooms or additional floors, to accommodate growing families or lifestyle changes.

NRI Home Loans

Specially crafted to meet the unique requirements of Non-Resident Indians (NRIs) looking to invest in or build a home in India, offering tailored solutions to suit their circumstances.

Home Conversion Loans

Ideal for individuals who have previously availed of a home loan but now wish to shift to a new property. This loan enables a seamless transfer of their existing loan to finance the purchase of their next abode.

Balance Transfer Loan

Empowering borrowers to transfer their existing home loan from one bank to another.

Land Purchase Loans

Facilitating the purchase of a residential plot.

Loan Against Property (LAP)

Leveraging the equity in your property, LAP provides access to funds for various needs while keeping your asset intact - presenting a versatile financing solution for diverse financial requirements.

SBI Home Loan Interest Rates

Interest Rate* 9.15% onwards
Loan Amount Depends on the applicant's credit score
Loan Tenure 3 to 30 years, depending on the type of loan
Processing Fees 0.35 % of the loan amount + applicable taxes

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Note*: The interest rates shown here are as of Feb 2024. The above rates are subject to change at the bank’s discretion in accordance with RBI guidelines. Applicants are advised to check with the bank to determine the interest rate for their loans at the time of application.

Eligibility for SBI Bank Home Loans

The applicant must meet the following criteria to qualify for SBI bank home loans.

Eligibility Criteria SBI Home Loans
Age Minimum: 18 years, Maximum: 70 years
Maximum loan amount Up to ₹10 crore
Tenure Maximum up to 30 years
Interest rates 9.00% onwards
Maximum EMI as percent of income Up to 65%

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Accessing Eligibility for SBI Bank Home Loans

Eligibility for an SBI Bank home loan hinges on several key factors.

Income for SBI Bank Home Loans

  • The net monthly income is a cornerstone for eligibility, and higher incomes correlate to increased loan amounts. This is the amount you retain after deductions like PF, ESI, taxes, and other obligatory expenses.
  • If you wish to increase your eligibility, add a co-applicant – it increases the combined net monthly salary that the bank considers, potentially expanding the limits of your loan amount.

Property Value Parameters for SBI Bank Home Loans

  • SBI Bank employs loan-to-value (LTV) ratios rather than disbursing loans equal to the total property value. These ratios are contingent upon the assessed value of the property in question. Considering property value, SBI employs loan-to-value (LTV) ratios, ranging from 90% for properties below INR 30 Lacs to 75% for those exceeding INR 80 Lacs.

CIBIL Score for SBI Bank Home Loans

  • A favourable CIBIL score makes for easier loan approvals, as it reflects your creditworthiness. In India, the CIBIL score is the sum of the applicant's credit history and past financial conduct, which is very important to maintain an optimal score.
  • A high score increases your chances of loan approval, while a low one may hinder the process.

FOIR Focus for SBI Bank Home Loans

  • FOIR, or Fixed Obligation to Income Ratio, is another critical factor for SBI Bank's home loan eligibility. This ratio compares your fixed financial commitments vis-à-vis monthly income, including current EMIs, if any. SBI Bank stipulates a minimum FOIR of 0.65 as a prerequisite for home loan eligibility.

Age, income, property value, CIBIL score, and FOIR collectively qualify your SBI Bank home loan eligibility. The right balance ensures a smooth and successful loan approval process.

SBI Home Loan Applications - Simplified

Applying for an SBI Bank Home Loan is a straightforward, streamlined process designed to simplify your journey to homeownership. Here's a concise guide on how to apply, along with the necessary documents:

Here's a concise guide on how to apply, along with the necessary documents:

Check Your Eligibility For SBI Bank Home Loan

  • Assess factors such as age, income, credit history, FOIR, and dependents to gauge eligibility.
  • Ensure you meet SBI Bank's eligibility criteria before proceeding.


Apply Online

Apply online for a loan


Download Application

Download and fill out the Application form accurately


Keep Documents Ready

Gather all essential documents, including identification proof


Start Verification Process

The Save Max team will help you with verification & ensure all requirements are met

Document Checklist SBI Home Loan

List of papers/documents applicable to all applicants:

  • Employer Identity Card
  • Proof of Identity (Any one of the following) : PAN/ Passport/ Driver’s License/ Voter ID card
  • Proof of Residence/ Address (Any one of the following) : Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhar Card
  • Loan Application: Completed loan application form duly filled in, affixed with 3 Passport size photographs

Property Papers

  • Permission for construction
  • Allotment Letter/Stamped Agreement for Sale
  • Occupancy Certificate
  • Maintenance Bill, Electricity Bill, Property Tax Receipt
  • Approved Plan copy & Registered Development Agreement of the builder.
  • Payment Receipts for payments made to Builder/Seller
  • Conveyance Deed (For New Property)

Account Statement

  • Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s
  • If the applicant has availed of a loan from other Banks/Lenders, then the Loan A/C statement for the last 1 year

Income Proof for Salaried Applicant

  • Salary Slip or Salary Certificate for the last 3 months.
  • Copy of Form 16 for the last 2 years or copy of IT Returns for the last 2 financial years, acknowledged by IT Dept.

Income Proof for Non-Salaried Applicant

  • Business address proof
  • IT returns for the last 3 years.
  • Balance Sheet and Profit & Loss A/c for last 3 years
  • Business License Details (or equivalent)
  • TDS Certificate (Form 16A, if applicable)
  • Certificate of qualification (for C.A./doctor and other professionals)

* Please note that a co-applicant/guarantor for the home loan will also be required to provide any or all of the above documents upon request for loan approval.

Additional Documents Based on Employment Type For SBI Home Loan

Salaried Individuals

  • Sale Deed
  • Title Deed
  • Driving License
  • Approved Building Plan
  • Occupancy Documents

Self- Employed Individuals

  • Audited financial statements (last two years)
  • GST Registration
  • Trade License
  • Partnership Deed
  • Occupancy Documents
  • ROC Registration Certificate

List of Documents Required to Apply for SBI Bank Home Loan

Documents Salaried Self-employed Professional Self-employed non Professional
Application form with photograph duly signed
Identity, address and age proof
Bank statements of last 6 months
Salary slips of last 3 months
Processing fee cheque
Form 16/Income Tax Returns
Proof of Business existence
Business profile
Education qualification certificate and Proof of Business existence
Income Tax Returns (ITR) of last 3 years with computation of income
Last 3 years CA certified/audited Balance Sheets and Profit & Loss Statements

Disclaimer : Bank policies and interest rates are subject to fluctuations and may vary over time. For accurate and up-to-date information, we recommend you talk to a member of the Save Max team. The information provided on this page is referenced from the bank's website (


How do you apply for an SBI Home Loan?
To apply for an SBI Home Loan through Save Max, connect with our team. We'll guide you through the process, help with forms and documents, and ensure a smooth submission to our banking partner. With Save Max's assistance, getting your SBI Home Loan becomes streamlined and hassle-free.
What documents are needed for an SBI Home Loan?
To initiate your SBI Home Loan application via Save Max, you must furnish documents such as proof of identity, address, income, property-related confirmations, and bank statements.
What is the maximum tenure for an SBI Home Loan?
The tenure for an SBI Home Loan can vary but typically extends up to 30 years.
How can you increase the chances of getting a larger SBI Home Loan?
Higher income, a strong credit score, a co-applicant, lower debts, and a higher-value property can help. However, each bank has its guidelines on this. Typically, banks lend 80 to 85% of the property's value. If EMI amounts restrict your loan size, extending the loan period can potentially increase the loan amount you qualify for.
What is the maximum loan amount that SBI Home Loans offer?
The amount depends on your eligibility, income, and loan product. The maximum home loan amount available through SBI Home Loans ranges from 75% to 90% of the property cost. You get funding to acquire your dream home, home improvement, or extension needs.
What are the Tax benefits of SBI Home Loans?
Yes, you can take advantage of Tax benefits with SBI Home Loans. Tax deductions may apply on principal (Section 80C) and interest (Section 24(b)) repayments under Indian tax laws. Consult a tax professional for accurate information as applicable to you.
What is an EMI for SBI Home Loans?
EMI is a fixed monthly installment covering the principal and interest. It's calculated based on the loan amount, tenure, and interest rate. Use the Save Max EMI calculator to help with precise calculations.