SBI Home Loan

State Bank of India can charge up to 8.55% for this product. The advertised figure is a starting rate, not an offer.

Updated 17 Sep 2026 · Lender rate pages, checked individually

Rate, maximum and fees

What that costs in rupees

On ₹50,00,000 over 20 years.

Change the amount or the tenure in the EMI calculator to see your own figure. Principal and interest only. Processing fee, GST, documentation and any insurance sold alongside the loan are additional.

How it compares

Ranked against the lenders in our best home loans comparison, State Bank of India is the joint 5th cheapest of the 12 providers we track — 0.10% above Canara Bank, LIC Housing Finance and Union Bank of India at 7.15%.

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 starting point, not an offer. It goes to the strongest applicants: a high credit score, a big down payment and usually a salaried job at an approved employer. The maximum in the table above is the bank’s own upper limit. Where you land between the two is set by your credit score, not by bargaining.

Read the fee SBI publishes together with the rate, not separately. Where a fee is quoted without tax, add 18% GST to get what you actually pay. On a big, long loan the rate matters most. On a smaller or shorter one, a low rate with a high fee is often the costlier deal.