State Bank of Hyderabad is one of the leading banks in this country that offers great financial products and services. SBH offers home loan to individuals who need money to buy a house. Loans can also be availed for home extension, home renovation, etc. The house itself is considered as a security to the home loan.
| Rate of Interest | For general customers – 8.40% to 8.70% For women – 8.35% to 8.65% |
| Tenure of the loan | 30 years |
| Charges for pre-closure | Nil |
| Processing fees | 0.35% of Loan Amount, min of Rs.2,000 to max of Rs.10,000 (plus applicable tax) |
The rate of interest that can be availed on housing loans by all the women customers of State Bank of Hyderabad ranges between 8.35% and 8.65%. All the other customers can avail rates ranging between 8.40% and 8.70%. The processing fee associated with SBH home loan is 0.35% of the total loan amount. The maximum processing fee stands at Rs.10,000 and the minimum stands at Rs.2,000. Taxes are also applicable on the processing fee. The tenure of the loan is 30 years. There are no pre-closure charges associated with housing loans offered by SBH.
SBH Home Loan Interest Rates (Fixed):
2 Year Fixed Interest Rate Loan (Hamara Ghar):
| Salaried (up to Rs.30 lakh) | Non-Salaried (up to Rs.30 lakh) | |
| Women | 35 basis points above 1 year MCLR, ER : 8.35% | 50 basis points above 1 year MCLR, ER : 8.50% |
| Others | 40 basis points above 1 year MCLR, ER : 8.40% | 55 basis points above 1 year MCLR, ER : 8.55% |
The Hamara Ghar home loan offers a rate 8.35% for salaried women. For all the other salaried customers, the bank offers a rate of 8.40%. For all the non-salaried women customers, the State Bank of Hyderabad charges a rate of 8.50%. For the other non-salaried customers, the rate of interest associated with 2 Year Fixed Interest Rate Loan stands at 8.55%. All of this is applicable for a loan amount of up to Rs.30 lakh.
SBH Floating Interest Rate Home Loan:
| Salaried (up to Rs.30 lakh) | Non-Salaried (up to Rs.30 lakh) | |
| Women | 35 basis points above 1 year MCLR, ER : 8.35% | 50 basis points above 1 year MCLR, ER : 8.50% |
| Others | 40 basis points above 1 year MCLR, ER : 8.40% | 55 basis points above 1 year MCLR, ER : 8.55% |
The Floating Interest Rate home loan offers a rate 8.35% for salaried women. For all the other salaried customers, the bank offers a rate of 8.40%. For all the non-salaried women customers, the State Bank of Hyderabad charges a rate of 8.50%. For the other non-salaried customers, the rate of interest associated with Floating Interest Rate home loan stands at 8.55%. All of this is applicable for a loan amount of up to Rs.30 lakh.
Floating Interest Card Rate Home Loans:
For Salaried:
| Up to Rs.75 lakh | Above Rs.75 lakh | |||
| RG – 1, 2, 3 | RG – 4, 5, 6 | RG – 1, 2, 3 | RG – 4, 5, 6 | |
| Women | 1 year MCLR+50 bps, ER:8.50% | 1 year MCLR+60 bps, ER:8.60% | 1 year MCLR+55 bps, ER:8.55% | 1 year MCLR+65 bps, ER:8.65% |
| Others | 1 year MCLR+ 55 bps, ER:8.55% | 1 year MCLR+65 bps, ER:8.65% | 1 year MCLR+60 bps, ER:8.60% | 1 year MCLR+ 70 bps, ER:8.70% |
For Non – Salaried:
| Up to Rs.75 lakh | Above Rs.75 lakh | |||
| RG – 1, 2, 3 | RG – 4, 5, 6 | RG – 1, 2, 3 | RG – 4, 5, 6 | |
| Women | 1 year MCLR+60 bps, ER:8.60% | 1 year MCLR+70 bps, ER:8.70% | 1 year MCLR+65 bps, ER:8.65% | 1 year MCLR+75 bps, ER:8.75% |
| Others | 1 year MCLR+ 65 bps, ER:8.65% | 1 year MCLR+75 bps, ER:8.75% | 1 year MCLR+70 bps, ER:8.70% | 1 year MCLR+ 80 bps, ER:8.80% |
- For salaried individuals, the rate of interest associated with floating interest card rate home loans ranges between 8.50% and 8.70%. For women, the rate ranges between 8.50% and 8.65%. For all the other home loan customers, the rate ranges between 8.55% and 8.70%.
- For non-salaried individuals, the rate of interest associated with floating interest card rate home loans ranges between 8.60% and 8.80%. For women, the rate ranges between 8.60% and 8.75%. For all the other home loan customers, the rate ranges between 8.65% and 8.80%.
Maxgain Home Loan – Floating Interest Card Rate Structure:
For Salaried:
| Up to Rs.75 lakh | Above Rs.75 lakh | |||
| RG – 1, 2, 3 | RG – 4, 5, 6 | RG – 1, 2, 3 | RG – 4, 5, 6 | |
| Women | 1 year MCLR+ 65 bps, ER:8.65% | 1 year MCLR+75 bps, ER:8.75% | 1 year MCLR+70 bps, ER:8.70% | 1 year MCLR+ 80 bps, ER:8.80% |
| Others | 1 year MCLR+ 70 bps, ER:8.70% | 1 year MCLR+80 bps, ER:8.80% | 1 year MCLR+75 bps, ER:8.75% | 1 year MCLR+ 85 bps, ER:8.85% |
For Non – Salaried:
| Up to Rs.75 lakh | Above Rs.75 lakh | |||
| RG – 1, 2, 3 | RG – 4, 5, 6 | RG – 1, 2, 3 | RG – 4, 5, 6 | |
| Women | 1 year MCLR+75 bps, ER:8.75% | 1 year MCLR+85 bps, ER:8.85% | 1 year MCLR+80 bps, ER:8.80% | 1 year MCLR+90 bps, ER:8.90% |
| Others | 1 year MCLR+ 80 bps, ER:8.80% | 1 year MCLR+90 bps, ER:8.90% | 1 year MCLR+85 bps, ER:8.85% | 1 year MCLR+ 95 bps, ER:8.95% |
- For salaried individuals, the rate of interest associated with floating interest card rate home loans ranges between 8.65% and 8.85%. For women, the rate ranges between 8.65% and 8.80%. For all the other home loan customers, the rate ranges between 8.70% and 8.85%.
- For non-salaried individuals, the rate of interest associated with floating interest card rate home loans ranges between 8.75% and 8.95%. For women, the rate ranges between 8.75% and 8.90%. For all the other home loan customers, the rate ranges between 8.80% and 8.95%.
SBH Insta Home Top Up Loan:
| Insta Home Top Up Loan | 1% above one year MCLR, ER:9% |
SBH Home Top Up Loans:
For Salaried:
| Term Loan | Overdraft | |||
| RG-1, 2 ,3 | RG-4, 5, 6 | RG-1, 2, 3 | RG-4, 5, 6 | |
| 1. TL upto Rs. 25 lacs 2. Overdraft Above Rs 20 lacs and upto Rs 25 lacs | 1 year MCLR+,60 bps, ER: 8.60% [ | 1 year MCLR+70 bps, ER: 8.70% | 1 year MCLR+175 bps, ER: 9.75% | 1 year MCLR+200 bps, ER: 10.00% |
| TL and Overdraftabove Rs.25 lacs and upto Rs.2 crores | 1 year MCLR+100 bps, ER: 9.00% | 1year MCLR+110 bps, ER: 9.10% | 1 year MCLR+ 200 bps ER:10.00% | 1 year MCLR+225 bps, ER: 10.25% |
| Above Rs.2 crores and upto Rs. 5 crores | 1 year MCLR+180 bps, ER: 9.80% | 1year MCLR + 190 bps, ER: 9.90% | ||
For Non-Salaried:
| Term Loan (TL) | Overdraft | |||
| RG-1, 2 ,3 | RG-4, 5, 6 | RG-1, 2, 3 | RG-4, 5, 6 | |
| 1. TL upto Rs. 25 lacs 2. Overdraft Above Rs 20 lacs and upto Rs 25 lacs | 70 BPS above 1 year MCLR, ER: 8.70% | 80 BPS above 1 year MCLR, ER: 8.80% | 200 BPS above 1 year MCLR, ER:10.00% | 225 BPS above 1 year MCLR, ER: 10.25% |
| TL and Overdraftabove Rs.25 lacs and upto Rs.2 crores | 1.10% above 1 year MCLR, ER: 9.10% | 1.20% above 1 year MCLR, ER: 9.20% | 225% above 1 year MCLR, ER: 10.25% | 250% above 1 year MCLR, ER: 10.50% |
| Above Rs.2 crs & upto Rs.5 crs | 1.90% above 1 year MCLR, ER: 9.90% | 2.00% above 1 year MCLR, ER: 10.00% | ||
- For salaried individuals, the ER ranges between 8.60% and 10.00%. This is applicable for term loan of up to Rs.25 lakh. In case of TL ranging between Rs.25 lakh and Rs.2 crore, the rate ranges between 9.00% and 10.25%.
- For non-salaried individuals, the ER ranges between 8.70% and 10.25%. This is applicable for term loan of up to Rs.25 lakh. In case of TL ranging between Rs.25 lakh and Rs.2 crore, the rate ranges between 9.10% and 10.50%.
State Bank of Hyderabad (SBH) MCLR Base Rate:
| Tenor | Existing MCLR | Revised MCLR |
| Over night | 7.75% | 7.75% |
| One Month | 7.85% | 7.85% |
| Three Month | 7.90% | 7.90% |
| Six Month | 7.95% | 7.95% |
| One Year | 8.00% | 8.00% |
| Two Years | 8.10% | 8.10% |
| Three Years | 8.15% | 8.15% |
Benefits Offered By State Bank of Hyderabad Housing Loan:
An individual can enjoy the following benefits upon taking a home loan from SBH:
- There are no prepayment charges for home loans with floating rates.
- Special rates are offered to all the women applicants.
- Any individual aged 18 years or above can apply for the loan.
Types of Home Loans offered by State Bank of Hyderabad:
- 2 Year Fixed Interest Rate Loan (Hamara Ghar)
- Floating Interest Rate Home Loan
- Floating Interest Card Rate Home Loans
- Maxgain – Floating Interest Card Rate Structure
- Insta Home Top Up Loan
- Home Top Up Loans
Factors on Which the SBH Home Loan Interest Rate Depends:
- Applicant’s Salary: The annual income helps the applicant to identify the rate of interest that he/she has to incur. Income and rate are indirectly proportional to each other. The applicant will be charged a lower rate of interest if he/she has a higher income.
- Amount of the Loan: If the applicant applies for a higher loan amount, the rate of interest associated with that loan amount will be lesser.
Tips to Reduce SBH Home Loan Interest Rate:
- Shorter Tenure: If the borrower goes for a shorter loan tenure, it will bring up the EMIs for him/her, but in turn it will reduce the total interest paid.
- Setting EMI Goals: It is of utmost importance to set Emi targets every year. This will help the borrower to reach the finish line of the loan tenure before time easily.
- Increase EMIs: It is always good to increase the EMI payments whenever the borrower receives a hike or some extra cash.
