SBI Home Loan Interest Rates October 2026

SBI Home Loan Interest Rate October 2026: 7.25% – 8.45% p.a. Across All Schemes

The SBI home loan interest rate today ranges from 7.25% – 8.45% p.a. across eligible home loan schemes. SBI offers primarily floating-rate home loans, where the applicable rate is linked to the bank’s External Benchmark Lending Rate. As of the latest revision, SBI’s EBLR stands at 8.15%, and the final lending rate is determined by adding or adjusting a credit risk premium and, where applicable, a business strategy premium. The interest rate offered to each borrower depends on factors such as CIBIL score, loan amount, occupation (salaried or self-employed), repayment capacity, and borrower category. For complete product features and eligibility criteria, visit the SBI home loan page.

SBI Home Loan Interest Rate by CIBIL Score & Loan Amount

Your credit score is one of the most important factors determining the SBI home loan rate. SBI offers its lowest interest rates to borrowers with stronger credit profiles, while applicants with lower CIBIL scores may be charged a higher rate. Maintaining a CIBIL score of 800 or above generally improves your chances of securing the most competitive home loan rate. Use the Home Loan Eligibility Calculator to estimate your eligible loan amount before applying.

CIBIL Score	Loan Amount Category	Applicable Interest Rate*
800 & above	Up to ₹75 lakh / Above ₹75 lakh	7.50% p.a. onwards
750–799	All loan amounts	7.55%–7.70% p.a. onwards
700–749	All loan amounts	7.70%–7.95% p.a. onwards
650–699	All loan amounts	7.95%–8.20% p.a. onwards
Below 650 / Thin credit profile	Subject to SBI assessment	Up to 8.45% p.a.

*Indicative rates based on SBI’s risk-based pricing framework. The final interest rate may vary depending on the applicant’s borrower profile, LTV ratio, and prevailing bank policy.

Women Borrower Concession

SBI offers a 0.05% interest rate concession to eligible women borrowers under its home loan schemes, subject to the applicable minimum EBLR. The benefit is available when a woman applies as the primary borrower and is also extended to eligible women co-borrowers. On a ₹50 lakh loan for 20 years, a 0.05% lower interest rate can reduce the EMI by around ₹150–₹170 per month, resulting in total interest savings of approximately ₹35,000–₹40,000 over the loan tenure. Use the Home Loan EMI Calculator to estimate your savings based on your loan amount and tenure.

SBI Home Loan EMI per ₹1 Lakh

The EMI on an SBI home loan depends on your interest rate and tenure. The table below shows the monthly EMI per ₹1 lakh at SBI’s current rate range of 7.25% – 8.45% p.a. Multiply it by your loan amount in lakhs, or use the SBI Home Loan EMI Calculator for an exact figure.

Tenure	EMI per ₹1 lakh @ 7.25%	EMI per ₹1 lakh @ 8.45%
5 years	₹1,992	₹2,049
10 years	₹1,174	₹1,237
15 years	₹913	₹982
20 years	₹790	₹865
30 years	₹682	₹765

Interest Rate for Different SBI Home Loan Schemes

SBI offers multiple home loan schemes for different borrower needs. Rates vary by scheme, and the final rate depends on the applicant’s credit profile and the bank’s risk-based pricing policy.

SBI Home Loan Scheme	Purpose	Interest Rate*	Key Features
Regular Home Loan	Purchase, construction, extension, or renovation of a house	7.25% – 8.45% p.a.	EBLR-linked floating rate, long repayment tenure
SBI MaxGain (OD)	Home loan with overdraft facility	7.75% – 9.05% p.a.	Save interest by parking surplus funds in the overdraft account
SBI Top-Up Home Loan	Additional funding over an existing SBI home loan	7.75% – 10.50% p.a.	No end-use restriction (except speculative purposes)
SBI Top-Up (OD) Home Loan	Additional funding over an existing SBI home loan, in overdraft form	8.25% – 11.00% p.a.	Interest is charged only on the amount you use, and you can deposit and withdraw as needed
SBI YONO Insta Home Loan Top-up	Instant, paperless top-up for pre-selected existing SBI home loan customers	8.10% p.a.	Fully digital through the YONO app, no documents or branch visit, available 24×7, usable for any purpose except speculation

*Applicable interest rates are floating and linked to SBI’s EBLR. The final rate depends on the borrower’s credit profile and prevailing bank policy.

SBI vs HDFC vs Canara vs PNB: Home Loan Interest Rate Comparison

While all four banks offer floating home loans, the final rate depends on the borrower’s credit profile and lender-specific pricing. Compare the latest rates on the home loan interest rate page before applying.

Bank	Starting Interest Rate*	Women Concession	Benchmark
SBI	7.25% p.a.	0.05%	EBLR
HDFC Bank	8% p.a.	Nil	EBLR
Canara Bank	7.5% p.a.	0.05%	RLLR
Punjab National Bank (PNB)	7.4% p.a.	Up to 0.05%	RLLR

*Starting interest rates are subject to change. The final rate depends on factors such as CIBIL score, loan amount, borrower category, and the respective bank’s risk-based pricing policy.

How to Get the Lowest SBI Home Loan Interest Rate?

Getting the lowest SBI home loan interest rate depends largely on your credit profile and repayment capacity. Here are a few ways to improve your chances of securing a better rate.

• Maintain a CIBIL score of 800 or above to qualify for SBI’s most competitive pricing.
• Keep your FOIR (Fixed Obligation to Income Ratio) low by limiting existing loan and credit card obligations.
• Choose a repayment tenure that balances affordable EMIs with lower overall interest costs. Use the Home Loan Prepayment Calculator to estimate interest savings from early repayments.
• Add a co-applicant with a high income or credit profile to improve eligibility, if required.
• Ensure a stable source of income and consistent repayment history.
• Submit complete income, identity, and property documents to avoid delays during assessment.

Impact of RBI Repo Rate Changes on SBI Home Loan Rate

The RBI repo rate is the rate at which the Reserve Bank of India lends money to commercial banks. Since the SBI home loan EBLR-linked rate is benchmarked to the External Benchmark Lending Rate, changes in the repo rate can directly influence SBI’s lending rates. When the RBI increases the repo rate, SBI may revise its EBLR upward, leading to higher interest rates on floating home loans. Conversely, a repo rate cut can reduce borrowing costs. Existing borrowers with floating-rate home loans may therefore see their EMI increase or decrease, or their loan tenure change, depending on the bank’s reset policy and repayment option. Use the SBI home loan interest rate page to stay updated on the latest rate revisions.

SBI Home Loan Fees & Charges

Besides the interest rate, SBI charges a few one-time and situational fees that add to your total borrowing cost. SBI levies no prepayment charges on floating-rate home loans, so you can use the Home Loan Prepayment Calculator to see how part-payments reduce your interest.

Charge	Details
Processing fee (salaried)	0.35% of loan amount, min ₹5,000, max ₹15,000 + GST
Processing fee (non-salaried)	0.35% of loan amount, min ₹5,000, max ₹18,000 + GST
Prepayment / foreclosure charges	Nil on floating-rate home loans, irrespective of loan age or source of funds
Legal opinion & search report	Actual expenses charged, plus GST (paid to the bank’s empanelled advocate)
Valuation fee	Actual expenses charged, plus GST (paid to the bank’s empanelled valuer)
CERSAI registration	₹50 + GST (loan up to ₹5 lakh); ₹100 + GST (above ₹5 lakh)
Switch to current EBLR rate / revalidation	₹5,000 + GST
Failed EMI / NACH	₹250 + GST per instance
Cheque returned (insufficient funds)	₹500 + GST

*Fees are subject to change at SBI’s discretion. Legal and valuation fees are not refunded if the loan is not sanctioned.

Apply for a Home Loan with Urban Money

Considering applying for a home loan but confused where to begin? By applying with Urban Money, you can get personalised assistance throughout the application process. Use the Home Loan Tax Benefit Calculator to estimate your annual deductions under Section 80C and Section 24(b) and the Home Loan Balance Transfer Calculator to evaluate whether switching to a lower-rate lender makes financial sense. Here’s how you can apply:

1. Go to the Urban Money homepage and find the ‘Products & Offers’ option on the menu bar at the top of the page.
2. Hover over the option and, from the dropdown menu that appears, select the ‘Home Loans’ option.
3. Scroll down to find the details about SBI Home Loan and click on the ‘Enquire Now’ button next to it.
4. Fill in the form that appears with your contact details and click on ‘Submit.’
5. You will soon be contacted by an Urban Money loan expert who will provide end-to-end assistance with the loan application.

When is the Next SBI Home Loan Rate Revision Expected?

SBI home loan interest rates are revised in line with changes to the bank’s External Benchmark Lending Rate, which is influenced by the RBI’s monetary policy decisions. At the June 2026 MPC meeting, the RBI kept the repo rate unchanged at 5.25%, leaving SBI’s EBLR (8.15%) and home loan interest rate range of 7.25% – 8.45% p.a. unchanged. The next RBI Monetary Policy Committee meeting is scheduled for August 2026. If the RBI revises the repo rate, SBI may subsequently update its EBLR, which could affect interest rates for both new applicants and existing floating-rate borrowers.