SBI Home Loan Interest Rate — 16th September 2026
Public sector bank
Here’s the home loan interest rate SBI charges, taken from its own website on 16 September 2026: from 7.25% onwards. We’ve set out the card as published, what decides where you land within it, and the EMI at each end.
Starting rate
7.25%
Top of published range
Not published
Benchmark
Not stated
Effective from
1 April 2026
Read from SBI’s own website on 16 September 2026. Source and method
SBI home loan interest rate card
What SBI publishes
| Home loan | Interest rate | Effective from |
|---|---|---|
| Home Loan (card rate) | 7.25% p.a. onwards | 1 April 2026 |
SBI publishes a single starting rate for home loans. No credit-score, loan-size or employment grid appears on its rate page.
What SBI’s interest rate card tells you
SBI publishes one number for home loans — 7.25% a year, in force since 1 April 2026 — and nothing beneath it. There is no public credit-score grid, so this page can tell you where SBI’s pricing starts but not where your own file will land. That matters more at SBI than almost anywhere else, because it is the bank most borrowers benchmark against first. Treat 7.25% as the rate for a strong salaried profile, and ask the branch to put your rate in writing against your actual CIBIL score before you compare it with anyone.
Its floor puts SBI joint 11th out of 48 lenders on our list, and joint 9th among the 11 public sector banks. Measured against the RBI repo rate of 5.25%, SBI’s floor carries a spread of 2.00 points. With no upper figure published, 7.25% is the only fixed point on SBI’s card; anything above it is decided case by case.
EMI at SBI’s home loan interest rate
What SBI’s 7.25% starting rate costs each month on common loan sizes. Treat these as the lowest EMI SBI would charge, not the likely one.
| Loan amount | 10 years | 15 years | 20 years | 25 years |
|---|---|---|---|---|
| ₹25 lakh | ₹29,350 | ₹22,822 | ₹19,759 | ₹18,070 |
| ₹40 lakh | ₹46,960 | ₹36,515 | ₹31,615 | ₹28,912 |
| ₹60 lakh | ₹70,441 | ₹54,772 | ₹47,423 | ₹43,368 |
| ₹90 lakh | ₹1,05,661 | ₹82,158 | ₹71,134 | ₹65,053 |
Reducing-balance EMI, before processing fees and insurance. Run your own numbers →
SBI against lenders priced nearby
How SBI’s floor compares with the four closest on our list — same ₹40 lakh, 20-year loan throughout, so the EMIs line up.
| Lender | Published rate | EMI, ₹40 lakh / 20 yrs | vs SBI |
|---|---|---|---|
| Canara Bank Public sector bank | 7.15% – 10.00% | ₹31,373 | −₹242/mo |
| Bank of Baroda Public sector bank | 7.20% – 8.95% | ₹31,494 | −₹121/mo |
| SBI Public sector bank | 7.25% onwards | ₹31,615 | — |
| PNB Public sector bank | 7.25% – 9.15% | ₹31,615 | same |
| Bajaj Housing Finance Housing finance company | 7.25% – 10.65% | ₹31,615 | same |
What moves your rate at SBI
- Because SBI publishes only its floor, the most useful thing to bring to the branch is a written quote from another bank — it gives SBI a concrete number to match against its 7.25% starting rate.
- With no published grid, the only way to see your real rate is to ask for it. Request a written quote that states the spread over the benchmark as well as the rate, so you can compare it fairly.
- Read the sanction letter for the benchmark, the spread and how often the rate resets. Those three lines decide your EMI for the life of the loan far more than the day-one rate does.
Processing fee and other SBI charges
| Processing fee | Card rate of 0.35% of the loan amount, plus GST — minimum ₹5,000, maximum ₹15,000 for salaried borrowers and ₹18,000 for others. On a ₹40 lakh loan for a salaried borrower, that comes to ₹14,000, before GST. |
|---|---|
| Prepayment and foreclosure | No prepayment penalty, according to SBI’s regular home loan features. |
| Switching an older loan (MCLR / base rate) to EBLR | ₹5,000 plus GST |
| Revalidating a loan sanction | ₹5,000 plus GST |
SBI’s processing-fee page currently advertises a 50% concession on the card rate, and a full waiver in selected cases. Its home loan FAQ still quotes an older fee (minimum ₹2,000, maximum ₹10,000); the dated card-rate document is the more recent.
Source: SBI’s own schedule of charges, read on 16 September 2026: https://homeloans.sbi.bank.in/downloads/Processing-Fee-Card-Rates.pdf
SBI home loan eligibility
| Who can apply | Resident Indians and NRIs, salaried or not. |
|---|---|
| Age | 18 to 70 |
| Longest term | 30 years |
| Women borrowers | 0.05% lower rate when a woman is the main applicant or a co-applicant |
Source: SBI’s home loan page, read on 16 September 2026. Meeting these criteria doesn’t guarantee approval. https://homeloans.sbi.bank.in/products/view/regular-home-loan
SBI home loan interest rate — common questions
What is the current SBI home loan interest rate?
How much does SBI charge to process a home loan?
How long can a SBI home loan run?
Does SBI publish home loan rates by credit score?
How much is the monthly EMI on ₹40 lakh at SBI?
Is the SBI home loan interest rate floating or fixed?
How does SBI compare with PNB?
Where these figures come from
Source: SBI’s own interest rate page, read by BankCreds on 16 September 2026: https://sbi.bank.in/web/interest-rates/interest-rates/loan-schemes-interest-rates/home-loans-interest-rates-current
SBI states the rate took effect on 1 April 2026.
We began recording SBI’s home loan rates on 16 September 2026, and any change will be logged against that date as we detect it. Fees and eligibility come from SBI’s own schedule of charges and home loan pages, with the full address printed in those sections — never from third-party sites.
Rates are what SBI publishes, not an offer: the rate you’re quoted is set by SBI after it assesses your application. How we collect and check rates →