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CREDSUTRA

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State Bank of IndiaHome LoansEBLR + 1.90% spread

SBI Regular Home Loan

Lowest interest rates linked to RBI Repo rate · Concession of 5 bps for women borrowers · Overdraft Maxgain facility available

Starting rate8.40%p.a. onwards
Max LTV90%Asset value
Max tenure30 years360 months
Customize this example for your borrowing needs.
Customize repaymentApply on State Bank of IndiaBank site · opens in a new tab
Mathematical Grounding

True Cost & Day-1 Cash Breakdown

Representative scenario for ₹50,00,000 loan over 20 years at CIBIL 750+.

Day-1 Upfront Cash Outflow₹20,300

This cash must be paid out-of-pocket before disbursement and is not added to your loan EMI.

Processing Fee₹10,000
18% GST₹1,800
Legal & Valuation₹8,500
Estimated Monthly EMI₹43,075Per month for 240 installments
Total Lifetime Interest₹53,38,000Net interest outgo over 20 years
Total Lifetime Outgo (Principal + Interest + Day-1 Cash):₹1,03,58,300
CredSutra Intelligence

Decision Verdict & Mathematical Edge

Our algorithmic evaluation balances starting benchmark spreads against upfront processing loads and fine print restrictions.

Maths for it

  • +Industry-leading starting rate of 8.40% p.a., keeping lifetime interest outgo competitive.
  • +Overdraft facility available: Park surplus liquidity to reduce daily interest liability without lock-in.
  • +RBI-mandated 0% prepayment penalty: Accelerate principal amortization without exit penalties.

Maths against

  • −Processing fee of 0.35% (cap ₹10,000) + 18% GST adds to initial disbursement overhead.
  • −Self-employed applicants face a +20 BPS (0.20%) risk adjustment spread over base card rates.
Customize this scenario
Credit Score Sensitivity

CIBIL Tier Rate Ladder

Self-employed risk loading: +20 BPS
CIBIL score bandBorrower tierIndicative salaried rateIndicative self-employed rateEst. monthly EMI (₹50,00,000)
750 – 900Prime borrower8.40% – 8.75%8.60% – 8.95%₹43,075
700 – 749Good standing8.75% – 9.15%8.95% – 9.35%₹44,186
650 – 699Standard / fair9.15% – 9.65%9.35% – 9.85%₹45,470
Contract Details

Contract Fine Print & Clauses

Rate Reset Frequency

Quarterly reset on 1st of the month following RBI Repo changes

Overdraft / Smart Saver Facility

Available (Enables interest reduction on parked savings)

RBI 0% Foreclosure Penalty Mandate

Under RBI Master Directions, no bank, HFC, or NBFC can charge prepayment penalties or foreclosure charges on floating rate term loans sanctioned to individual borrowers.

Bank notes: Nil foreclosure charges for individual borrowers on floating rates per RBI mandate.

Borrower Verification

Eligibility Highlights

  • Resident Indian / NRI
  • Minimum age 18 years, max 70 years
  • Salaried or self-employed with minimum 2 years stability
Loan amount range

₹5,00,000 up to ₹10,00,00,000

Lender Alternatives

Compare alternatives in Home Loans

Compare this category
Canara Bank

Canara Bank Housing Loan

Starting at 7.15% p.a.
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Punjab National Bank

PNB Max Saver Housing Loan

Starting at 8.10% p.a.
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Bank of Baroda

Bank of Baroda Baroda Home Loan

Starting at 8.40% p.a.
Read review

Frequently Asked Questions

What is the current interest rate and benchmark spread for SBI Regular Home Loan?
SBI Regular Home Loan offers interest rates starting from 8.40% up to 9.65% p.a., structured as EBLR + 1.90% spread.
Are there prepayment or foreclosure charges on SBI Regular Home Loan?
Under RBI Master Directions, banks and lending institutions are strictly prohibited from charging prepayment or foreclosure penalties on floating-rate retail loans to individual borrowers. Nil foreclosure charges for individual borrowers on floating rates per RBI mandate.
What is the Day-1 upfront cash requirement for SBI Regular Home Loan?
For a representative principal of ₹50,00,000, the total Day-1 upfront cash outflow is approximately ₹20,300, comprising ₹10,000 processing fee + ₹1,800 GST (18%) + ₹8,500 estimated legal and valuation inspection charges.

These loan records do not include a verification date. Check the lender’s current terms before applying.

Official Sources & Citations
Sources
  • homeloans.sbi
  • RBI Master Directions on Advances & Floating Rate Loans (Commercial Banks)
  • RBI Regulatory Framework for Retail Loan Interest Rate Resets