State Bank of India home loan interest rate
7.25%p.a. onwards
State Bank of India publishes a ceiling of 9.20% for this product. The advertised figure is a floor, not an offer.
Data as of 15 Aug 2026Source: Lender rate cards and published comparisons, August 2026Pending issuer verification
Rate, ceiling and fees
Data as of 15 Aug 2026Source: Lender rate cards and published comparisons, August 2026Pending issuer verification
What that costs in rupees
On ₹50,00,000 over 20 years.
- EMI at 7.25%
- ₹39,519/month
- Total interest
- ₹44,84,512
- EMI at the 9.20% ceiling
- ₹45,631/month
- Extra interest at the ceiling
- ₹14,67,033
Principal and interest only. Processing fee, GST, documentation and any insurance sold alongside the loan are additional.
Run your own numbersHow it compares
State Bank of India is the 3rd cheapest of the 12 providers we track — 0.05% above Bank of Baroda at 7.20%.
What moves this rate
Public sector bank. Floating retail loans are priced off an external benchmark, so RBI rate cuts pass through within a reset cycle.
The advertised rate is a floor. It is reserved for the strongest applicants — a high credit score, a low loan-to-value ratio and, usually, a salaried profile at an approved employer. The published ceiling in the table above is the lender’s own upper bound, and where you land between the two is set by your credit band, not by negotiation.
Read the fee alongside the rate rather than separately. Where a processing fee is quoted exclusive of tax, add 18% GST to get what you actually pay. On a large, long-tenure loan the rate dominates; on a smaller or shorter one, a low rate with a high fee is frequently the dearer loan.
State Bank of India home loan in detail
- State Bank of India home loan interest rateThe advertised floor, the published ceiling, and what decides where you land between them.
- State Bank of India home loan EMIWhat the rate costs per month, and what the same loan costs at the ceiling.
- State Bank of India home loan fees and chargesThe processing fee as published, and the charges that sit outside it.