Home Loan · Bank review
SBI Home Loan
State Bank of India is India's largest home-loan lender by book size. Its floating-rate home loans are linked to the External Benchmark Lending Rate (EBLR) and typically carry among the lowest published rates in the country.
By FinancePaisa Editorial Team · Research & editorialUpdated · 1 min read
Rates checked against the lenders' official pages on 28 September 2026. Your actual rate depends on your profile; confirm with the lender before you apply.
Official rate pages: SBI
- Interest rate
- 7.25% p.a.
- Loan amount
- No published maximum
- Tenure
- Up to 30 years
On this page (5 sections)
Key features
- Rates linked to EBLR (repo-based); reset every 3 months
- Tenure up to 30 years, subject to retirement age
- Nil foreclosure charges on floating-rate loans
- Optional overdraft variant (Maxgain) that offsets interest against surplus balance
How SBI prices your rate
SBI adds a spread to its External Benchmark Lending Rate (EBLR) that depends mainly on your CIBIL score: the higher the score, the lower the spread. Its published rates start at 7.25% p.a. (effective 1 April 2026) for the strongest profiles. SBI publishes the full score-wise grid as an image on its rate page, linked above, so check the band that matches your score there before you apply.
Fees and charges
| Charge | Amount |
|---|---|
| Processing fee | 0.35% of loan (min ₹2,000, max ₹10,000) + GST |
| Legal / technical fee | Actuals, typically ₹3,500 |
| Foreclosure (floating) | Nil |
| Foreclosure (fixed) | 3% + GST |
Processing fee
- Amount
- 0.35% of loan (min ₹2,000, max ₹10,000) + GST
Legal / technical fee
- Amount
- Actuals, typically ₹3,500
Foreclosure (floating)
- Amount
- Nil
Foreclosure (fixed)
- Amount
- 3% + GST
SBI Maxgain overdraft explained
Maxgain converts your home loan into an overdraft account. Any surplus you park in it reduces the interest-bearing portion of the loan without formal prepayment. Great for salaried customers with irregular annual bonuses.
Frequently asked questions
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