SBI Home Loan Interest Rate: Are you planning to apply for SBI home loan but do not know how to apply for it at present? SBI Home Loan Interest Rate What is it, then you should be careless because in this article we are going to provide you information related to SBI home loan rate.
SBI Bank is providing home loan to the customers at attractive interest rates. The bank offers various types of home loans which include SBI Home Loan Interest Rate 2022 Can be of different types. The home loan interest rate depends greatly on the profile of the applicant.
SBI Home Loan Interest Rate 2022
in present time SBI Home Loan Interest Rate 8.55% p.a. starts from. This interest rate may vary depending on the CIBIL score of the customer. Under SBI home loan, you can get a loan of up to Rs 100 crore. Women are given a rebate of 0.05% in the home loan interest rate.
The lender takes into account several factors of the customer such as credit history, CIBIL Score, age, income, repayment capacity etc. before giving a home loan. If your credit history is very good and your income is high then you can avail home loan at attractive home loan interest rate.
Various SBI Home Loan Interest Rates 2022
The bank offers many types of home loans, in which the SBI home loan interest rate of the loan varies. The interest rate of this loan can be more or less depending on the CIBIL score of the customer. Below are the complete details about SBI Home Loan Interest Rates 2022:
Regular Home Loan:
| CIBIL Score | term loan | Max Gain |
|---|---|---|
| >=800 | 8.55% | 8.95% |
| 750-799 | 8.65% | 9.05% |
| 700-749 | 8.75% | 9.15% |
| 650-699 | 8.85% | 9.25% |
| 550-649 | 9.05% | 9.45% |
| NTC/No CIBIL Score/-1 | 8.75% | 9.15% |
Commercial Real Estate Home Loan (CRE (Commercial Real Estate) Home Loan):
| CIBIL Score | term loan | Max Gain |
|---|---|---|
| >=800 | 8.75% | 9.05% |
| 750-799 | 8.85% | 9.15% |
| 700-749 | 8.95% | 9.25% |
| 650-699 | 9.05% | 9.35% |
| 550-649 | 9.25% | 9.55% |
| NTC/No CIBIL Score/-1 | 8.95% | 9.25% |
Home Top Up Loan:
| CIBIL Score | term loan | overdraft |
|---|---|---|
| >=800 | 8.95% | 9.25% |
| 750-799 | 9.05% | 9.35% |
| 700-749 | 9.15% | 9.45% |
| 650-699 | 9.25% | 9.55% |
| 550-649 | 9.55% | 9.85% |
| NTC/No CIBIL Score/-1 | 9.15% | 9.45% |
Realty Home Loan:
| CIBIL Score | term loan | CRE term loan |
|---|---|---|
| >=800 | 8.85% | 9.05% |
| 750-799 | 8.95% | 9.15% |
| 700-749 | 9.05% | 9.25% |
| 650-699 | 9.15% | 9.35% |
| 550-649 | 9.25% | 9.45% |
| NTC/No CIBIL Score/-1 | 9.05% | 9.25% |
Tribal Plus:
| CIBIL Score | term loan |
|---|---|
| >=800 | 8.65% |
| 750-799 | 8.75% |
| 700-749 | 8.85% |
| 650-699 | 8.95% |
| 550-649 | 9.15% |
| NTC/No CIBIL Score/-1 | 8.85% |
Loan against Property (P-LAP):
| CIBIL Score | term loan |
|---|---|
| >=800 | 10.30% |
| 750-799 | 10.40% |
| 700-749 | 10.50% |
| 650-699 | 10.60% |
| 550-649 | 10.70% |
| NTC/No CIBIL Score/-1 | 10.50% |
Smart Home Top Up Loan:
| term loan | overdraft |
|---|---|
| 8.65% | 9.15% |
HL for EMP of Govt of Kerala:
| term loan | Max Gain |
|---|---|
| 8.70% | 9.10% |
| Reverse Mortgage Loan | 10.95% |
| Earnest Money Deposit (EMD) | 12.35% |
| YONO Insta Home Top-up Loan (Overdraft) | 9.15% |
How to get cheap home loan?
- Anyone can apply for a home loan but if you fulfill the terms and conditions of the State Bank of India home loan, then you can get a home loan at an attractive interest rate.
- Always keep your credit score good.
- The better your CIBIL score, the more attractive you are. SBI Home Loan Interest Rate 2022 With which you can avail SBI home loan.
- Generally a credit score of 750 or above is considered good.
- All the interest rates of SBI Bank are given above, in which you can see how the interest rate is increasing or decreasing on the basis of CIBIL score.
- The lender takes into account factors like credit history, credit score, age, income, place of residence, repayment capacity of the customer before giving the loan.
- Before applying for a home loan, you should calculate the EMI of your loan with the help of SBI Home Loan EMI Calculator so that you can get an idea of how much you will have to pay at the time of loan repayment.
- Compare the interest rate of each bank and apply for the loan which you find less.
How does home loan interest rate affect EMI?
Home loan EMI mainly depends on three factors which are as follows – loan amount, interest rate and loan tenure. It is obvious that if any one of these three things is more then your loan EMI will also be more. Home loan EMI of people with low interest rate will be less.
SBI home loan interest rate and home loan interest rate comparison of other banks
If you want to get a cheap home loan, then you should compare the home loan interest rate of all home loan lenders so that you can know which bank is providing the cheapest interest rate and loan. Below are the interest rates of some banks which you can compare SBI Home Loan Interest Rate 2022 Can do with:
| name of lender | Interest rate (per annum) |
|---|---|
| HDFC bank | 8.40% |
| Union Bank Of India | 7.75% |
| Bank of Baroda | 8.45% |
| Axis Bank | 7.60% |
| bandhan bank | 8.30% |
| Bank of India | 7.40% |
| IDBI Bank | 8.50% |
| ICICI Bank | 9.35% |
| yes bank | 8.95% |
| Punjab National Bank | 7.50% |
| IDFC Bank | 7.95% |
SBI home loan customer care number
- For customer care, first of all you have to visit the official website of SBI Bank.
- on home page Contact Us Click on the option.
- A select box will open in front of you.
- In this, by selecting your city, you can remove the customer care number.
- Apart from this, you can also contact on toll free number 1800 425 3800.
conclusion
In this article we have given you SBI Home Loan Interest Rate 2022 Complete information about has been provided. Anyone who is applying for SBI home loan can first check the home loan interest rate.
In this article, we have also given you information about the home loan interest rates of other banks so that you can compare them to find out which home loan has a lower interest rate.
We keep updating this article from time to time, so keep visiting this page to know about the new interest rate.
FAQ:
The bank offers many types of home loans, whose interest rates are also different. The interest rate of this loan starts from 8.55% per annum.
100 crores up to Rs.