Home loan rates · verified 23 Aug 2026
SBI Home Loan Interest Rate 2026
State Bank of India's home loan interest rate starts at 7.25% p.a.; SBI does not publish an upper bound (verified 23 Aug 2026 from sbi.bank.in). At 7.25%, a ₹50 lakh loan over 20 years costs ₹39,519 a month.
Best for government and salaried employees who want the lowest headline rate backed by a PSU bank with nationwide branches.
Starting rate
7.25% p.a.
#3 lowest of 8 banks we track
Highest published
Not published
Get your spread in writing
Fee on ₹50 lakh
₹11,800
Including 18% GST
Max tenure
30 years
7 – 10 working days
RBI raised the repo rate to 5.50% on 7 Oct 2026
SBI Home Loan EMI
Monthly EMI over 20 years at SBI's published rates, and at the starting rate plus the 0.25% repo hike.
| Loan amount | At 7.25% | At 7.50% (after hike) |
|---|---|---|
| ₹25 lakh | ₹19,759 | ₹20,140 |
| ₹50 lakh | ₹39,519 | ₹40,280 |
| ₹75 lakh | ₹59,278 | ₹60,419 |
| ₹1 crore | ₹79,038 | ₹80,559 |
Reducing-balance EMI over 20 years (240 months), rounded to the rupee. Excludes processing fee and insurance. Your rate depends on your CIBIL score, income type and loan-to-value ratio.
₹50 lakh at 7.25%: what tenure costs you
| Tenure | EMI | Total interest | Total repaid |
|---|---|---|---|
| 10 years | ₹58,701 | ₹20,44,062 | ₹70,44,062 |
| 15 years | ₹45,643 | ₹32,15,765 | ₹82,15,765 |
| 20 years | ₹39,519 | ₹44,84,512 | ₹94,84,512 |
| 25 years | ₹36,140 | ₹58,42,102 | ₹1,08,42,102 |
| 30 years | ₹34,109 | ₹72,79,172 | ₹1,22,79,172 |
SBI's maximum home loan tenure is 30 years. A longer tenure lowers the EMI but adds interest; prepaying early in the loan saves the most.
SBI Home Loan Processing Fee with GST
SBI publishes its processing fee as 0.35% (min ₹2,000 · max ₹10,000). 18% GST is charged on top, and the fee is deducted from your disbursal, so it raises the true cost (APR) of the loan.
| Loan amount | Fee | GST (18%) | You pay |
|---|---|---|---|
| ₹25 lakh | ₹8,750 | ₹1,575 | ₹10,325 |
| ₹50 lakh | ₹10,000 | ₹1,800 | ₹11,800 |
| ₹75 lakh | ₹10,000 | ₹1,800 | ₹11,800 |
| ₹1 crore | ₹10,000 | ₹1,800 | ₹11,800 |
Capped at ₹10,000 before GST. Stamp duty, legal and valuation charges are extra.
How SBI Prices Against the Repo Rate
Every repo-linked loan is the RBI repo rate plus a spread the bank sets for you. The spread is what you actually negotiate, and under RBI's rules it stays fixed for the life of the loan unless your credit profile changes substantially. See spread and RLLR.
SBI's benchmark
External Benchmark Rate (EBR)
EBR 7.90% (repo 5.25% + 2.65%). Home loans from 7.25% p.a.; SBI does not publish an upper bound.
That is a spread of 2.00% and up over the repo rate. At today's 5.50% repo, the same spread gives 7.50%.
| Bank | Lowest spread | Highest spread | Rate range |
|---|---|---|---|
| Bank of Baroda | +1.95% | +3.70% | 7.20% – 8.95% |
| PNB | +1.95% | +5.00% | 7.20% – 10.25% |
| SBI | +2.00% | Not published | 7.25% onwards |
| ICICI | +2.25% | +4.55% | 7.50% – 9.80% |
| Kotak | +2.35% | Not published | 7.60% onwards |
| HDFC | +2.50% | +7.95% | 7.75% – 13.20% |
| Axis Bank | +2.75% | +3.85% | 8.00% – 9.10% |
| Yes Bank | +3.40% | Not published | 8.65% onwards |
Spread = published rate minus the 5.25% repo rate on the verification date (23 Aug 2026). A lower spread means a cheaper loan whatever RBI does next.
SBI vs Other Banks
SBI's 7.25% starting rate ranks #3 of 8. Bank of Baroda and PNB start at 7.20%; on ₹50 lakh over 20 years, borrowing at SBI's starting rate costs ₹36,322 more in interest. Starting rates go to the strongest profiles, so compare the rate you are actually offered.
SBI vs HDFC home loan
SBI 7.25% vs HDFC 7.75% starting rate
SBI vs ICICI home loan
SBI 7.25% vs ICICI 7.50% starting rate
SBI vs Bank of Baroda home loan
SBI 7.25% vs Bank of Baroda 7.20% starting rate
SBI vs PNB home loan
SBI 7.25% vs PNB 7.20% starting rate
Compare SBI with any 3 banks
All 9 data points side by side, including prepayment and insurance terms.
Before You Sign: SBI Home Loan Checks
Checks specific to this lender's published terms. Ask for the Key Facts Statement before you sign: RBI requires it to show every charge and the APR.
Get your spread in writing
SBI publishes only its floor rate (7.25%). The rate you are sanctioned can be higher. Make sure the sanction letter states the spread over the benchmark, not just today's rate.
Choose floating to keep prepayment free
SBI's prepayment terms: NIL (floating rate). RBI bars foreclosure charges on floating-rate home loans to individuals, so a fixed or hybrid rate gives that up.
Ask whether the fee is refundable if you are declined
SBI lists its fee as 0.35% (min ₹2,000 · max ₹10,000). Ask when it is collected and whether any of it comes back if the loan is not sanctioned or you do not draw it.
Insurance is optional: you can refuse it
SBI does not require home loan insurance. A single-premium policy added to the loan amount also accrues interest for the whole tenure. If you want cover, a separate term plan is usually cheaper.
Ask how often your rate resets
Repo-linked loans reset on a schedule, often quarterly. Ask SBI for the reset dates, and whether a rate change raises your EMI or extends your tenure by default.
More traps to watch for: loan red flags and the Key Facts Statement.
SBI Home Loan: All Terms
Every figure with its source. Last verified 23 Aug 2026.
| Term | SBI | Source |
|---|---|---|
| Interest rate | 7.25% p.a. onwards | sbi.bank.in |
| Rate type & benchmark | Floating / Repo-linked (EBR) | sbi.bank.in |
| Processing fee | 0.35% (min ₹2,000 · max ₹10,000) | sbi.bank.in |
| Prepayment / foreclosure | NIL (floating rate) | rbi.org.in |
| Processing time | 7 – 10 working days | sbi.bank.in |
| Maximum tenure | 30 years | sbi.bank.in |
| Maximum loan amount | ₹10 Cr | sbi.bank.in |
| Insurance bundling | Optional | irdai.gov.in |
| Government schemes | Yes (PMAY-U 2.0) | pmay-urban.gov.in |
How we collect and check these numbers: methodology. We take no commission from SBI or any lender.
Frequently Asked Questions
What is the SBI home loan interest rate today?
SBI home loan rates start at 7.25% p.a. as verified on 23 Aug 2026 from sbi.bank.in. Those rates were set when the repo rate was 5.25%. RBI raised it to 5.50% on 7 Oct 2026, so expect SBI's repo-linked rates to start around 7.50% once it updates its card.
What is the SBI home loan EMI on ₹50 lakh for 20 years?
At SBI's starting rate of 7.25%, the EMI on ₹50 lakh over 20 years is ₹39,519 a month, with ₹44,84,512 paid in interest. After the 7 Oct 2026 repo hike, at 7.50%, it is ₹40,280.
What is the SBI home loan processing fee?
SBI charges 0.35% (min ₹2,000 · max ₹10,000). On a ₹50 lakh loan that is ₹11,800 including 18% GST.
Can I prepay my SBI home loan without charges?
SBI's published terms: NIL (floating rate). RBI rules bar foreclosure and part-payment charges on floating-rate home loans taken by individuals.
Is SBI cheaper than other banks for a home loan?
SBI's 7.25% starting rate ranks #3 of 8 banks we track; the lowest is 7.20% (Bank of Baroda, PNB). Starting rates go to borrowers with strong credit scores, so compare the rate you are actually offered.
Work Out Your Own Numbers
Home Loan EMI Calculator
Plug in SBI's rate, your amount and tenure, plus fees and tax benefits.
Rate Predictor
Estimate the rate your credit profile is likely to get.
Home Loan Prepayment Calculator
See how much a part-payment saves on a floating-rate loan.
Affordability Checker
Check your FOIR before the bank does.
Other Banks' Home Loan Rates
Educational information, not financial advice or a loan offer. Rates are as published by State Bank of India on the verification date; your sanctioned rate depends on your credit profile. Confirm the final terms in the Key Facts Statement before you sign.