SBI Home Loans is the largest Mortgage Lender in India, which has helped over 30 lakh families to achieve the dream of owning a home.
Our Values
- Trust
- Transparency
- Integrity
- Excellence
Value to Customers
- Wide Product Range
- Interest Calculation on Daily Reducing Balance
- Overdraft Facility available
- Low Interest Rates
- Low Processing Fees
- No Hidden Costs
- No Pre-payment penalty
Our Presence
- 24,000+ branches
- 1600+ member strong dedicated Sales Team
Recognitions
- Winner of the “Best Home Loan Provider “at the CNBZ Awaaz Real Estate Awards 2016
Features & Benefits SBI Home Loan
- Packages of exclusive benefits
- Low-Interest rates. Interest calculation on a daily reducing balance.
- Home loans are also available as an overdraft. Optimally utilize your surplus funds.
- Low Processing charges. No hidden costs.
- No Prepayment Penalties. Reduce your interest burden by prepaying the loan
SBI Home Loan Interest Rate
| Month | Begining Loan Balance | EMI | Principal | Monthly Interest | Outstanding Balance |
|---|---|---|---|---|---|
| 1 | ₹ 500000 | ₹ 9208 | ₹ 7542 | ₹ 1667 | ₹ 492458 |
| 2 | ₹ 492458 | ₹ 9208 | ₹ 7567 | ₹ 1642 | ₹ 484892 |
| 3 | ₹ 484892 | ₹ 9208 | ₹ 7592 | ₹ 1616 | ₹ 477300 |
| 4 | ₹ 477300 | ₹ 9208 | ₹ 7617 | ₹ 1591 | ₹ 469682 |
When will my interest rate change?
The interest rates will change at quarterly intervals on 1st day of calendar quarter subsequent to the change in RBI’s Repo Rate.