Home Loan
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Home loan simply means a sum of money borrowed from a financial institution or bank to purchase a house. Home loans consist of an adjustable or fixed interest rate and payment terms.
Compare home loan your company offers based, interest rate, Loan Amount, tenure, processing fees, foreclosure charges and other T&Cs.
Bank
Interest Range
Processing Range
Loan Amount
Tenure Range
Interest Range
Processing Range
Loan Amount
Tenure Range
SBI Flexipay Home Loan
Let your current income not stop you from owning your dream home.
SBI Flexipay Home loan provides an eligibility for a higher loan amount exclusively for the salaried borrowers. It offers customer the option to pay only interest during the moratorium (pre-EMI) period, and thereafter, pay moderated EMIs. The EMIs will be stepped-up during the subsequent years. This variant of SBI home loan is very useful for young earners. The SBI Flexipay home loan has the potential to lure a large section of home loan buyer towards SBI.
SBI Pre-Approved Home Loan
Get your home loan in place before you select your property.
The SBI Pre-approved loan (PAL) provides sanction of Home Loan limits to the customers before finalization of the property which enables them to negotiate with the Builder/Seller confidently. The loan eligibility will be assessed based on income details of the applicant. Non-refundable processing fee as applicable to the Home Loan will be collected at the time of sanction.
SBI Balance Transfer of Home Loan
Switch your Home Loan to SBI and Save Big!
SBI offers Balance Transfer of home loan that enables a customer to transfer home loan from Scheduled Commercial Banks (SCBs), Private and Foreign Banks, Housing Finance Companies (HFCs) registered with National Housing Bank (NHB) and Borrower’s employers if they are Central/State Govt or their undertakings or Public Sector Undertaking subject to condition that the borrower should satisfy the eligibility criteria for availing Home Loan as per the Bank’s instruction and has serviced interest and/or installment of the existing loan regularly, as per the original terms of sanction. The borrower should have valid documents evidencing the title to the house/flat.
Interest Range
Processing Range
Loan Amount
Tenure Range
Interest Rate on Home Loan
| Loan Slab (CIBIL >= 700) | Salaried & Professional | Non-Salaried & Non Professional |
|---|---|---|
| Up to 2 crs | 6.66% | 6.66% |
| More than 2 crs & up to 15 crs | 6.90% | 7.00% |
| More than 2 crs & upto 3 crs | 7.10% | 7.20% |
| More than 3 crs & upto 5 crs | 7.20% | 7.30% |
| Loan slab | CIBIL Score | Salaried & Professional | Non-Salaried & Non Professional |
|---|---|---|---|
| Upto Rs. 50 Lakhs | CIBIL 650 – 699 | 7.10% | 7.20% |
| CIBIL 600 – 649 | 7.30% | 7.40% | |
| CIBIL < 600 | 7.50% | 7.60% | |
| CIBIL < 0 NTC | 7.20% | 7.50% | |
| More than 50 Lakhs & Up to Rs. 1 Cr | CIBIL 650 – 699 | 7.30% | 7.40% |
| CIBIL 600 – 649 | 7.60% | 7.70% | |
| CIBIL < 600 | 7.70% | 7.80% | |
| CIBIL < 0 NTC | 7.40% | 7.80% | |
| More than 1 Cr & Up to Rs. 3 Crs | CIBIL 650 – 699 | 7.40% | 7.50% |
| CIBIL 600 – 649 | 7.70% | 7.80% | |
| CIBIL < 600 | 7.70% | 7.80% | |
| CIBIL < 0 NTC | 7.70% | 7.80% | |
| More than Rs. 3 Crs & upto Rs 15 Cr | CIBIL 650 – 699 | 7.50% | 7.60% |
| CIBIL 600 – 649 | 7.70% | 7.80% | |
| CIBIL < 600 | 7.80% | 7.90% | |
| CIBIL < 0 NTC | 7.80% | 7.90% | |
| Product Name | Interest Type | Loan Slab | ROI |
|---|---|---|---|
| My Choice –Sure Fixed & Apna Ghar (PMAY-CLSS)- Sure Fixed |
Fixed for Entire loan tenure | Upto Rs.50 lacs | 10.05% |
| Above Rs.50 lacs & upto Rs.5 crs | 10.15% |
| Product Name | CIBIL Score | Loan Slab | ROI |
|---|---|---|---|
| New Face Lift | 700 & above | Upto Rs.15 Crs | 7.25% |
| Below 700 | 7.75% | ||
The interest rates depending on various parameters like CIBIL score, profile, segments, etc. Terms & Conditions Apply
Interest Range
Processing Range
Loan Amount
Tenure Range
Adjustable Rate Home Loans
| Loan Slab | Interest Rates (% p.a.) |
|---|---|
| Credit Scores of over 800 | 6.70 |
| Loan Slab | Interest Rates (% p.a.) |
|---|---|
| For Women (up to 30 Lakhs) | 6.75 to 7.25 |
| For Others (up to 30 Lakhs) | 6.80 to 7.30 |
| For Women (30.01 to 75 Lakhs) | 7.00 to 7.50 |
| For Others (30.01 to 75 Lakhs) | 7.05 to 7.55 |
| For Women (75.01 & Above) | 7.10 to 7.60 |
| For Others (75.01 & Above) | 7.15 to 7.65 |
Adjustable Rate Home Loans
| Loan Slab | Interest Rates (% p.a.) |
|---|---|
| For Women (up to 30 Lakhs) | 6.95 to 7.45 |
| For Others (up to 30 Lakhs) | 7.00 to 7.50 |
| For Women (30.01 to 75 Lakhs) | 7.20 to 7.70 |
| For Others (30.01 to 75 Lakhs) | 7.25 to 7.75 |
| For Women (75.01 & Above) | 7.30 to 7.80 |
| For Others (75.01 & Above) | 7.35 to 7.85 |
2 Year Fixed Rate Variant
| Loan Slab | Interest Rates (% p.a.) |
|---|---|
| For Women (up to 30 Lakhs) | 7.40 to 7.90 |
| For Others (up to 30 Lakhs) | 7.45 to 7.95 |
| For Women (30.01 to 75 Lakhs) | 7.55 to 8.05 |
| For Others (30.01 to 75 Lakhs) | 7.60 to 8.10 |
| For Women (75.01 & Above) | 7.65 to 8.15 |
| For Others (75.01 & Above) | 7.70 to 8.20 |
The interest rates depending on various parameters like CIBIL score, profile, segments, etc. Terms & Conditions Apply
Interest Range
Processing Range
Loan Amount
Tenure Range
Pricing is linked to Repo Rate on April 7, 2021 is 4.00%.
Salaried Borrower
| Slab | Floating Interest rates |
|---|---|
| Up to 35 lakhs | RR + 2.70% (6.70%) – RR + 3.15% (7.15%) |
| 35 lacs to 75 lakhs | RR + 2.70% (6.70%) – RR + 3.30% (7.30%) |
| Above 75 lakhs | RR + 2.70% (6.70%) – RR + 3.40% (7.40%) |
Self – Employed
| Slab | Floating Interest rates |
|---|---|
| Up to 35 lakhs | RR + 2.80% (6.80%) – RR + 3.30% (7.30%) |
| 35 lacs to 75 lakhs | RR + 2.80% (6.80%) – RR + 3.45% (7.45%) |
| Above 75 lakhs | RR + 2.80% (6.80%) – RR + 3.55% (7.55%) |
Home Loan Balance Transfer – ICICI Bank Account T&C
| Segment | Floating Interest Rates |
|---|---|
| Salaried (Any Loan Amount) | RR+2.70% (6.70%) – RR+3.40% (7.40%) |
| Self Employed (Any Loan Amount) | RR+2.80% (6.80%) – RR+3.55% (7.55%) |
The interest rates depending on various parameters like CIBIL score, profile, segments, etc. Terms & Conditions Apply
Interest Range
Processing Range
Loan Amount
Tenure Range
Home loans starting at Rs. 3,00,000.
For Salaried Individuals
| Type | Repo Rate + Spread | Effective Rate of Interest |
|---|---|---|
| Floating Rate | Repo Rate + 2.75% to Repo Rate + 3.10% | 6.75% – 7.10% p.a. |
| Fixed Rate | All Loan Amounts | 12% |
For Self Employed Individuals
| Type | Repo Rate + Spread | Effective Rate of Interest |
|---|---|---|
| Floating Rate | Repo Rate + 2.90% to Repo Rate + 3.20% | 6.90% – 7.20% p.a. |
| Fixed Rate | All Loan Amounts | 12% |
The interest rates depending on various parameters like CIBIL score, profile, segments, etc. Terms & Conditions Apply
Interest Range
Processing Range
Loan Amount
Tenure Range
Floating Home Loan Interest Rates
Rates starting at 6.50%
Balance Transfer Rate (Salaried and Self Employed)
| Segment | Loan amount | Effective Rate Of Interest |
|---|---|---|
| Salaried | Any loan amount | 6.50% onwards |
| Self Employed | Any loan amount | 6.60% onwards |
Salaried – Non Balance Transfer
| Loan amount | Effective Rate Of Interest |
|---|---|
| Any loan amount | 6.50% – 7.10% |
Self Employed – Non Balance Transfer
| Loan amount | Effective Rate Of Interest |
|---|---|
| Any loan amount | 6.65% – 7.25% |
The interest rates depending on various parameters like CIBIL score, profile, segments, etc. Terms & Conditions Apply
Interest Range
Processing Range
Loan Amount
Tenure Range
Loan Term
The maximum term of your home loan can be up to 25 years and it cannot extend beyond your retirement age or 60* years
Loan Amount
You can get a home loan up to 90% of the cost of a chosen selected property for the loan requirement up to Rs. 30 Lakh*, depending upon the loan amount required.
Your home loan amount depends on your annual income and your ability to repay the loan. You can increase your home loan amount by adding an earning co-applicant.
Tax Benefits
Your home loan makes you eligible for certain tax benefits* as per the prevailing laws. This means that you can save more money by claiming deductions in your income tax, against principal and interest amount repaid.
*As per Income Tax Act 1961 rules, the current applicable exemption under section 24(b) is Rs. 2,00,000/- for the interest amount paid in the financial year and up to Rs. 1,50,000/- (under section 80 C) for the principal amount repaid in the same year.
Loan Amount
Salaried applicants can avail up to Rs. 3.5 Crore as Home Loan while self-employed individuals can apply up to Rs. 5 Crore.
Tenor
The maximum home loan tenure offered by all major lenders is 30 years.
Flexible repayment available.
Interest Rates.
home Loan interest Rates as low as 6.66%*
fixed or floating interest rate.
The interest rates for home loans can be fixed or floating, or partly fixed and or partly floating, suiting the needs of the borrower.
No hidden Charges
Pre – approved loan offers.
home Loan balance transfers available.
The balance transfer helps you in saving your EMIs. By changing your current lender you get lower interest rates.
You can also increase the tenure of your existing loan
The following people are eligible to apply for a Home Loan
- Employees of private limited companies, employees from public sector undertakings, including central , government employees.
- Individuals between 21 and 65 years of age
- Minimum of 25,000 net income per month.
There are several key points to keep in mind while choosing a lender like
- Interest rates
- Loan processing fees
- Documentation charges
- Pre-payment charges
- Foreclosure charges
- Total repayment outgo through EMIS
- Loan tenor
- Passport size Photographs
- Proof of Identification: (Any one of the below)
- PAN Card
- Passport
- Aadhaar Card
- Voter’s ID Card
- Proof of Age: (Any one of the below)
- Aadhaar Card
- PAN Card
- Passport
- Birth Certificate
- Bank Passbook
- Driving License
- Proof of Residence: (Any one of the below)
- Bank Passbook
- Voter’s ID
- Ration Card
- Passport
- Utility bills (Telephone Bill, Electricity Bill, Water Bill, Gas Bill)
- Income Documents:
- Form 16
- Certified letter from Employer
- Payslip of last 2 months
- Increment or Promotion letter
- IT returns of past 3 years
- Income Tax Returns (ITR) of last 3 years
- Balance Sheet and Profit & Loss Account Statement of the Company/Firm (duly attested by a C.A.)
- Business License Details (or any other equivalent document)
- The license of Professional Practice (For Doctors, Consultants, etc.)
- Registration Certificate of Establishment (For Shops, Factories & Other Establishments)
- Proof of Business Address
- Property Documents Required For Home Loan:
- NOC from Society/Builder
- A detailed estimate of the cost of construction of the house
- Registered Sale Deed, Allotment Letter or Stamped Agreement of Sale with the Builder (original document)
- Occupancy Certificate (in case of ready-to-move-in properties)
- Property Tax Receipts, Maintenance Bills and Electricity Bills
- Receipts of the advance payments made towards the purchase of flat (original document)
- An approved copy of the building plan (key plan/floor plan in case of purchase of flats)
- Original of the land tax paid receipt and possession certificate as issued by the revenue authority
- Payment receipt or bank account statements showing payments made to the Builder or Seller
