⭐ Editor's Choice — Top Rated Pick
State Bank of India (SBI) Regular Home Loan
📍 Available in: India
★★★★★ 4.9 / 5.0
SBI is India’s premier mortgage financier, commanding over 33% of the nation’s home loan market. With loans linked transparently to the RBI Repo Rate (EBLR), SBI offers industry-lowest borrowing costs, 30-year tenures, and the renowned SBI Maxgain overdraft facility.
Key Facts at a Glance
| APR / Rate | 8.40% - 9.05% p.a. (EBLR Floating) |
| Coverage / Loan Limit | Up to ₹10 Crore (75% - 90% LTV) |
| Credit / Eligibility | CIBIL 750+ |
| Terms Available | Up to 30 Years (or age 70) |
| Origination Fee | 0.35% (Min ₹2,000, Max ₹10,000 + GST) |
Pros & Cons
✓ Pros
- ✓Lowest sovereign counterparty risk backed by India’s largest public bank
- ✓SBI Maxgain overdraft lets you park surplus funds to reduce daily interest accrual
- ✓Transparent EBLR pricing with no hidden renewal charges
- ✓Extensive branch network across every tier-1, tier-2, and rural district in India
✕ Cons
- ✕Longer documentation and legal verification timelines compared to private NBFCs
- ✕Requires thorough physical title verification for older resale properties
Key Features
Interest rates starting from 8.40% to 9.05% p.a. linked to EBLRFlexible repayment tenure up to 30 years or age 70Zero prepayment penalty on floating rate loansOverdraft balance transfer facility (SBI Maxgain) saves substantial interestSpecial 0.05% concession on interest rate for female borrowers
Compare State Bank of India (SBI) Regular Home Loan Side-by-Side
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