SBI Regular Home Loan
Primary Lending Institution:State Bank of India (SBI)
Up to ₹50 Crore home loan at 8.40% – 9.25% with Up to 30 years tenure.
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible without formal non-agricultural land conversion.
What is SBI Regular Home Loan?
India's largest home loan program linked to RBI Repo Rate (EBLR), offering lowest interest spreads and full consumer protection.
Key Benefits & Features
Lowest interest rate linked to Repo rate; concession of 5 bps for women borrowers; up to 30-year repayment tenure; nationwide branch servicing.
Property & Project Eligibility Requirements
Clear marketable title; approved building layout plan; occupancy/commencement certificate.
Borrower Eligibility Criteria
Salaried or self-employed individuals with stable regular income; minimum age 18 years at application.
How to Apply (3 Verified Paths)
Apply online through net banking portal or visit lending branch with loan inquiry.
Apply online at https://sbi.co.in/web/personal-banking/loans/home-loans/regular-home-loan with digital KYC and property details.
Visit nearest branch of the institution with income proofs and sale agreement.
Documents Required Checklist
Aadhaar Card, PAN Card, Last 3 months salary slips or 2 years ITR-V, 6 months bank account statement, Title deed, Approved building plan and municipal tax receipts.
Frequently Asked Questions
What is the maximum loan tenure available for SBI Regular Home Loan?
The maximum repayment tenure offered for SBI Regular Home Loan is Up to 30 years, subject to borrower's age not exceeding 70 years at loan maturity.
What are the processing charges and prepayment rules for SBI Regular Home Loan?
The processing fee is 0.35% (Min ₹2,000, Max ₹10,000) + GST (occasional campaign waivers). As per RBI guidelines, zero prepayment penalties apply to all individual floating-rate home loans.
What documents are required to apply for SBI Regular Home Loan?
Applicants must provide KYC (Aadhaar, PAN), 3 months salary slips or 2 years ITR with computation, 6 months bank statements, and clear property title documents with municipal sanctions.
Why does SBI Regular Home Loan require property approval in a formal layout?
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible without formal non-agricultural land conversion.