SBI Home Loan

SuGanta’s SBI Home Loan page provides a comprehensive, interactive guide for homebuyers looking to finance their dream home with India’s leading bank. Offering competitive interest rates, flexible tenures, and a seamless application process, SBI Home Loans through SuGanta make owning a home within reach. Dive into our interactive tools, learn about eligibility, required documents, and start your journey toward affordable home financing today!
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  • SBI Bank
    RECOMMENDED
    Loan Amount
    ₹65,00,000
    ROI
    8.5%
    Tenure
    30 yr
    EMI
    ₹61,536
    Enquire Now
  • SBI Bank
    RECOMMENDED
    Loan Amount
    ₹71,50,000
    ROI
    8.5%
    Tenure
    30 yr
    EMI
    ₹67,690
    Enquire Now
  • SBI Bank
    RECOMMENDED
    Loan Amount
    ₹80,00,000
    ROI
    8.5%
    Tenure
    30 yr
    EMI
    ₹17,603
    Enquire Now
  • SBI Bank
    RECOMMENDED
    Loan Amount
    ₹80,00,000
    ROI
    8.45%
    Tenure
    30 yr
    EMI
    ₹17,603
    Enquire Now
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SBI Bank Home Loan Features and Benefits

  • Loan Amount

    SBI Home Loan offers a wide range of loan amounts, reaching up to ₹15 Crores, catering to individuals across different financial segments and fulfilling diverse housing needs

  • Competitive Interest Rates

    With interest rates starting as low as 8.5%, SBI Home Loan provides affordability, allowing you to manage EMIs comfortably and focus on achieving your dream of homeownership.

  • No Prepayment/Foreclosure Charges

    SBI Home Loan offers the freedom to make prepayments or foreclose the loan without incurring additional fees, enabling you to reduce interest costs and clear the loan sooner if desired.

  • Affordable Processing Fees

    starting at just 0.35%, the processing fee for an SBI Home Loan remains competitive and is based on eligibility and the specific loan type chosen.

  • Application Process

    Applying for an SBI Home Loan is convenient and flexible. You can apply online from the comfort of your home or visit the nearest SBI branch for assistance.

  • Flexible Tenure

    SBI Home Loan provides repayment tenures of up to 30 years, allowing you to choose a tenure that aligns with your financial planning and repayment ability.

  • Balance Transfer Facility

    For those with existing home loans at other banks, SBI offers a hassle-free balance transfer facility, allowing you to move your loan to SBI without prepayment charges and benefit from lower interest rates and better terms.

  • Minimum Documentation

    The home loan process with SBI is simple and efficient, requiring minimal documentation to ensure a quick and smooth disbursal process.

SBI Home Loan Eligibility Criteria

Wondering if you’re eligible? Here’s what you need to qualify for an SBI Home Loan:

Age

Minimum age of 18 years and a maximum of 70 years at loan maturity

Income

Consistent income from salaried or self-employed work

Credit Score

A credit score above 650 improves loan eligibility

Employment Stability

Minimum work experience for salaried individuals and business stability for self-employed applicants

SBI Home Loan Schemes

Choose from a range of SBI home loan schemes designed to meet various needs:

1.  Regular Home Loan:Ideal for purchasing a new or resale property

2.  Balance Transfer Loan: Transfer your existing high-interest loan to SBI for lower EMIs

3.  SBI Realty: A loan for purchasing land to build your own home

4.  SBI Flexipay Home Loan: Provides an option to pay only interest during the initial period

5.  Top-Up Loan:Avail additional funds for home renovation or personal needs

Documents Required for SBI Home Loan

Prepare the following documents to streamline your application:

Identity Proof

Aadhaar, Passport, or PAN

Address Proof

Aadhaar, utility bills, or rent agreement

Income Proof

Latest salary slips, Form 16, or ITR for self-employed

Bank Statements

Last six months’ bank statements

Property Documents

Property sale agreement and title documents

Tax Benefits on SBI Home Loan

An SBI Home Loan offers significant tax savings:

Principal Repayment

Deduction under Section 80C for up to ₹1.5 lakh

Interest Payment

Deduction of up to ₹2 lakh under Section 24(b)

Additional Benefit

First-time homebuyers may claim extra benefits under Section 80EEA

SBI Home Loan EMI Calculator

Use SuGanta’s SBI Home Loan EMI Calculator to estimate your monthly payments. Simply enter your loan amount, interest rate, and preferred tenure, and get an immediate overview of your repayment plan.

Home Loan EMI Calculator

You are Eligible for EMI Amount
₹56,409
Principal Amount
₹6,500,000
Interest Amount
₹7,038,042
Why Suganta for Home Loan?
  • Offers from 34+ Banks
  • Lowest Interest Rate
  • Highest Loan Value
₹8,000,000
8.5%
20 p.a

You are Eligible for EMI Amount

₹69,426
Principal Amount
₹8,000,000
Interest Amount
₹8,662,206
Why Suganta for Home Loan?
  • Offers from 34+ Banks
  • Lowest Interest Rate
  • Highest Loan Value

Need a more accurate EMI estimate?

SBI Home Loan Processing Fee & Other Charges

Enjoy low processing fees starting from 0.35% of the loan amount, plus applicable taxes. Additional charges may apply for document verification and legal processes, ensuring a transparent cost structure.

How to Apply for an SBI Home Loan

Use our eligibility calculator to assess your qualification.

Step 2
Review various SBI loan schemes to find one that suits your needs.
Step 3
Apply online through SuGanta and provide necessary documents.
Step 4
Once approved, funds will be quickly disbursed to your account.
Apply Now
Contact Us
Ready to begin? Contact SuGanta’s expert support team for guidance on SBI Home Loans. Our professionals are here to answer your questions and provide personalized assistance every step of the way.
Call us
+91 7827694613
Mail us
support@suganta.com