SBI Home Loan Interest Rate starts at 7.10%*
SBI charges between 7.10% and 8.70% depending on your CIBIL score and profile. If you are an existing SBI borrower paying 8% or more, you may be overpaying. Check in 60 seconds, with no credit score impact.
SBI home loan interest rate by CIBIL score
SBI prices your loan as EBLR plus a risk premium. Your CIBIL score is the biggest factor in that premium, so the same loan can cost two people very different amounts.
| CIBIL score | Salaried | Self-employed | What it means |
|---|---|---|---|
| 800 and above | 7.10% – 7.35% | 7.25% – 7.50% | Best rate |
| 750 – 799 | 7.35% – 7.60% | 7.50% – 7.75% | Good |
| 700 – 749 | 7.60% – 8.00% | 7.75% – 8.15% | +0.25% to 0.50% |
| 650 – 699 | 8.00% – 8.70% | 8.15% – 8.70% | Highest premium |
Already paying SBI more than 8%?
Enter three numbers from your loan statement. We show savings after switching costs, not the inflated gross figure, and tell you honestly if moving is not worth it.
💡 Pro Tip: Before switching, ask SBI for a spread reset. If they refuse or charge too much, a transfer gives you maximum leverage.
SBI home loan EMI for ₹30 lakh to ₹75 lakh
Monthly EMI for a 20-year loan at SBI's lowest and highest rates. The gap in the last column is what a weak CIBIL score or an old spread costs you every month.
| Loan amount | EMI @ 7.1% | EMI @ 8.7% | Extra you pay / month |
|---|---|---|---|
| ₹30 lakh | ₹23,439 | ₹26,416 | +₹2,977 |
| ₹40 lakh | ₹31,253 | ₹35,221 | +₹3,968 |
| ₹50 lakh | ₹39,066 | ₹44,026 | +₹4,960 |
| ₹75 lakh | ₹58,598 | ₹66,039 | +₹7,441 |
How SBI decides your rate
Every new SBI floating-rate home loan is linked to the RBI repo rate through SBI's External Benchmark Lending Rate (EBLR).
Repo moves, your rate follows
The RBI repo rate is at 5.25% and the next policy decision is on October 7, 2026. If it changes, SBI revises its EBLR and your loan resets within the reset window.
Your spread does not move
The risk premium set on day one usually stays for the full tenure, even if your CIBIL score improves. That is why old SBI borrowers often pay more than new ones.
SBI stretches tenure, not EMI
When rates go up, SBI typically keeps your EMI the same and adds months to the loan. Your bank statement may not show the real payoff date.
When a switch makes sense
Rate gap of 0.40% or more, 5+ years left, and a balance above ₹20 lakh. Below that, switching costs can eat the savings.
SBI vs other top lenders
SBI is among the cheapest, but it is not always the lowest for your profile.
| Lender | Interest rate (p.a.) | Processing fee |
|---|---|---|
State Bank of IndiaFeatured | 7.10% – 8.70% | 0.35% (₹2,000 – ₹10,000) + GST |
Punjab National Bank | 7.15% – 9.70% | 0.35% (max ₹15,000) + GST |
LIC Housing Finance | 7.15% – 10.50% | 0.25% – 0.50% or max ₹15,000 + GST |
Bank of Baroda | 7.20% – 10.60% | Nil – 0.50% (max ₹10,000) + GST |
HDFC Bank | 7.20% – 13.20% | Up to 0.50% or ₹3,000 + GST |
ICICI Bank | 7.30% – 11.20% | 0.50% – 1.00% + GST |