SBI Home Loan
State Bank of India is India's largest home-loan lender by book size. Its floating-rate home loans are linked to the External Benchmark Lending Rate (EBLR) and typically carry among the lowest published rates in the country.
Last updated: 15 June 2025
Interest Rate
8.50% – 9.65% p.a.
Loan Amount
Up to ₹15 crore
Tenure
Up to 30 years
Processing Fee
0.35% of loan (min ₹2,000, max ₹10,000)
Key features
- Rates linked to EBLR (repo-based); reset every 3 months
- Loan amount up to ₹15 crore for premier customers
- Tenure up to 30 years, subject to retirement age
- Nil foreclosure charges on floating-rate loans
- Optional overdraft variant (Maxgain) that offsets interest against surplus balance
Interest rate matrix
| Credit score | Rate (approx.) |
|---|---|
| 800+ | EBLR + 1.85% = 8.50% |
| 750-799 | EBLR + 1.95% = 8.60% |
| 700-749 | EBLR + 2.15% = 8.80% |
| Below 700 | Case-by-case, higher spread |
Fees and charges
| Charge | Amount |
|---|---|
| Processing fee | 0.35% of loan (min ₹2,000, max ₹10,000) + GST |
| Legal / technical fee | Actuals, typically ₹3,500 |
| Foreclosure (floating) | Nil |
| Foreclosure (fixed) | 3% + GST |
SBI Maxgain overdraft explained
Maxgain converts your home loan into an overdraft account. Any surplus you park in it reduces the interest-bearing portion of the loan without formal prepayment. Great for salaried customers with irregular annual bonuses.