{"id":4666,"date":"2018-05-26T01:14:33","date_gmt":"2018-05-25T19:44:33","guid":{"rendered":"https:\/\/www.antworksmoney.com\/blog\/?page_id=4666"},"modified":"2018-08-23T14:22:48","modified_gmt":"2018-08-23T08:52:48","slug":"sbi-home-loan-interest-rate","status":"publish","type":"page","link":"https:\/\/www.antworksmoney.com\/blog\/sbi-home-loan-interest-rate\/","title":{"rendered":"SBI Home Loan Interest Rate"},"content":{"rendered":"<p>State Bank of India is one of the leading banks in India that offers great financial products and services. SBI offers home loan to individuals who need money to buy a house. Loans can also be availed for a home extension, home renovation, etc. The house itself is considered as a security to the <a href=\"https:\/\/www.antworksmoney.com\/home-loan\">home loan<\/a>.<\/p>\n<div class=\"hungry-table nb-table\">\n<table class=\"table table-bordered table-striped col-sm-12\">\n<thead>\n<tr>\n<th class=\"table-header\">Rates and Charges<\/th>\n<th class=\"table-header\">Specification<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Rate of Interest<\/td>\n<td>For general customers \u2013 8.35% to 8.70% For women \u2013 8.30% to 8.65%<\/td>\n<\/tr>\n<tr>\n<td>Tenure of the loan<\/td>\n<td>30 years<\/td>\n<\/tr>\n<tr>\n<td>Charges for pre-closure<\/td>\n<td>Nil<\/td>\n<\/tr>\n<tr>\n<td>Processing fees<\/td>\n<td>0.35% of Loan Amount, min of Rs.2,000 to a max of Rs.10,000 (plus applicable tax)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The rate of interest that can be availed on housing loans by all the women customers of State Bank of India ranges\u00a0<strong>between 8.30% and 8.65%<\/strong>. All the other customers can avail rates ranging between 8.35% and 8.70%.<\/p>\n<h2>Benefits offered By SBI Housing Loan<\/h2>\n<p>An individual can enjoy the following benefits upon taking a home loan from SBI:<\/p>\n<ul>\n<li>There are no prepayment charges for home loans with floating rates.<\/li>\n<li>Special rates are offered to all the women applicants.<\/li>\n<li>Any individual aged 18 years or above can apply for the loan.<\/li>\n<\/ul>\n<h2>Types of Home Loans offered By State Bank of India<\/h2>\n<ul>\n<li>2 Year Fixed Interest Rate Loan (Hamara Ghar)<\/li>\n<li>Floating Interest Rate Home Loan<\/li>\n<li>Floating Interest Card Rate Home Loans<\/li>\n<li>Maxgain \u2013 Floating Interest Card Rate Structure<\/li>\n<li>Insta Home Top Up Loan<\/li>\n<li>Home Top-Up Loans<\/li>\n<\/ul>\n<h2>SBI Home Loan Rate<\/h2>\n<p><strong>2 Year Fixed Interest Rate Loan (Hamara Ghar)<\/strong><\/p>\n<div class=\"hungry-table nb-table\">\n<table class=\"table table-bordered table-striped col-sm-12\">\n<thead>\n<tr>\n<th class=\"table-header\"><\/th>\n<th class=\"table-header\">Women<\/th>\n<th class=\"table-header\">Others<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Salaried (up to Rs.30 lakh)<\/td>\n<td>35 basis points above 1 year MCLR, ER: 8.30%<\/td>\n<td>45 basis points above 1 year MCLR, ER: 8.40%<\/td>\n<\/tr>\n<tr>\n<td>Non-Salaried (up to Rs.30 lakh)<\/td>\n<td>40 basis points above 1 year MCLR, ER: 8.35%<\/td>\n<td>50 basis points above 1 year MCLR, ER: 8.45%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>The Hamara Ghar home loan offers a rate of 8.30% for salaried women. For all the other salaried customers, the bank offers a rate of 8.35%. For all the non-salaried women customers, the State Bank of India charges a rate of 8.40%. For the other non-salaried customers, the rate of interest associated with 2 Year Fixed Interest Rate Loan stands at 8.45%. All of this is applicable for a loan amount of up to Rs.30 lakh.<\/p>\n<p><strong>Floating Interest Rate Home Loan: Loans above Rs.30 lakh and up to Rs.75 lakh<\/strong><\/p>\n<div class=\"hungry-table nb-table\">\n<table class=\"table table-bordered table-striped col-sm-12\">\n<thead>\n<tr>\n<th class=\"table-header\"><\/th>\n<th class=\"table-header\">Women<\/th>\n<th class=\"table-header\">Others<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Salaried (Loans above Rs.30 lakh and up to Rs.75 lakh) RG 1,2,3<\/td>\n<td>35 basis points above 1-year MCLR, ER: 8.30%<\/td>\n<td>40 basis points above 1 year MCLR, ER: 8.35%<\/td>\n<\/tr>\n<tr>\n<td>Salaried (Loans above Rs.30 lakh and upto Rs.75 lakh) RG 4,5,6<\/td>\n<td>40 basis points above 1 year MCLR, ER: 8.35%<\/td>\n<td>45 basis points above 1 year MCLR, ER: 8.40%<\/td>\n<\/tr>\n<tr>\n<td>Non-Salaried (up to Rs.30 lakh) RG 1,2,3<\/td>\n<td>50 basis points above 1 year MCLR, ER: 8.45%<\/td>\n<td>55 basis points above 1 year MCLR, ER: 8.50%<\/td>\n<\/tr>\n<tr>\n<td>Non-Salaried (up to Rs.30 lakh) RG 4,5,6<\/td>\n<td>55 basis points above 1 year MCLR, ER: 8.50%<\/td>\n<td>60 basis points above 1 year MCLR, ER: 8.55%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>The Floating\u00a0Interest Rate home loan\u00a0offers a rate 8.30% for salaried women for RG 1,2,3. The Floating Interest Rate home loan offers a rate 8.35% for salaried women for RG 4,5,6. For all the other salaried customers, the bank offers a rate of 8.35% for RG 1,2,3. For all the other salaried customers, the bank offers a rate of 8.35% for RG 4,5,6.<\/p>\n<p>For all the non-salaried women customers, the State Bank of India charges a rate of 8.45% for RG 1,2, and3. For non-salaried women customers with RG 4,5, and 6, the bank charges 8.50%. For the other non-salaried customers, the rate of interest associated with Floating Interest Rate home loan stands at 8.50% for RG 1,2, and 3. For the other non-salaried customers with RG 4,5, and 6, the rate of interest is 8.55%. All of this is applicable for a loan amount of up to Rs.30 lakh.<\/p>\n<p><strong>Floating Interest Rate Home Loan: Loans above Rs.75 lakh<\/strong><\/p>\n<div class=\"hungry-table nb-table\">\n<table class=\"table table-bordered table-striped col-sm-12\">\n<thead>\n<tr>\n<th class=\"table-header\"><\/th>\n<th class=\"table-header\">Women<\/th>\n<th class=\"table-header\">Others<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Salaried RG 1,2,3<\/td>\n<td>45 basis points above 1 year MCLR, ER: 8.40%<\/td>\n<td>50 basis points above 1 year MCLR, ER : 8.45%<\/td>\n<\/tr>\n<tr>\n<td>Salaried RG 4,5,6<\/td>\n<td>50 basis points above 1 year MCLR, ER: 8.45%<\/td>\n<td>55 basis points above 1 year MCLR, ER: 8.50%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>For loans above Rs.75 lakh under the floating interest rate home loan, the bank offers 8.40% for salaried women under Rs 1,2, and 3. For loans above Rs.75 lakh under the floating interest rate home loan, salaried women under RG 4,5, and 6, enjoy ER 8.45%.<\/p>\n<p>For other salaried individuals, for loans above Rs.75 lakh under the floating interest rate home loan, the bank offers 8.45% under Rs 1,2, and 3. For loans above Rs.75 lakh under the floating interest rate home loan, individuals under RG 4,5, and 6, enjoy ER 8.50%.<\/p>\n<div class=\"hungry-table nb-table\">\n<table class=\"table table-bordered table-striped col-sm-12\">\n<thead>\n<tr>\n<th class=\"table-header\"><\/th>\n<th class=\"table-header\">Women<\/th>\n<th class=\"table-header\">Others<\/th>\n<\/tr>\n<\/thead>\n<thead><\/thead>\n<tbody>\n<tr>\n<td>Salaried RG 1,2,3<\/td>\n<td>55 basis points above 1 year MCLR, ER: 8.50%<\/td>\n<td>60 basis points above 1 year MCLR, ER: 8.55%<\/td>\n<\/tr>\n<tr>\n<td>Salaried RG 4,5,6<\/td>\n<td>60 basis points above 1 year MCLR, ER: 8.55%<\/td>\n<td>65 basis points above 1 year MCLR, ER: 8.60%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>For loans above Rs.75 lakh under the floating interest rate home loan, the bank offers 8.50% for non-salaried women under Rs 1,2, and 3. For loans above Rs.75 lakh under the floating interest rate home loan, non-salaried women under RG 4,5, and 6 enjoy ER 8.55%.<\/p>\n<p>For other non-salaried individuals, for loans above Rs.75 lakh under the floating interest rate home loan, the bank offers 8.55% under Rs 1,2, and 3. For loans above Rs.75 lakh under the floating interest rate home loan, individuals under RG 4,5, and 6, enjoy ER 8.60%.<\/p>\n<p><strong>Maxgain- Floating Interest Card Rate Home Loan for Salaried<\/strong><\/p>\n<div class=\"hungry-table nb-table\">\n<table class=\"table table-bordered table-striped col-sm-12\">\n<thead>\n<tr>\n<th class=\"table-header\"><\/th>\n<th class=\"table-header\"><\/th>\n<th class=\"table-header\">Women<\/th>\n<th class=\"table-header\">Others<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td colspan=\"1\" rowspan=\"2\">Loans above Rs.20 lakh and upto Rs.30 lakh<\/td>\n<td>RG \u2013 1, 2, 3<\/td>\n<td>1 year MCLR+40 bps, ER:8.35<\/td>\n<td>1 year MCLR+ 45 bps, ER:8.40%<\/td>\n<\/tr>\n<tr>\n<td>RG \u2013 4, 5, 6<\/td>\n<td>1 year MCLR+ 40 bps, ER:8.35%<\/td>\n<td>1 year MCLR+ 45 bps, ER:8.40%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"2\">Loans above Rs.30 lakh and upto Rs.75 lakh<\/td>\n<td>RG \u2013 1, 2, 3<\/td>\n<td>1 year MCLR+45 bps, ER:8.40%<\/td>\n<td>1 year MCLR+50 bps, ER:8.45%<\/td>\n<\/tr>\n<tr>\n<td>RG \u2013 4, 5, 6<\/td>\n<td>1 year MCLR+50 bps, ER:8.45%<\/td>\n<td>1 year MCLR+ 55 bps, ER:8.50%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Under Maxgain Floating Interest Card Rate Home Loan, salaried women enjoy 8.35% interest rate on loans above Rs.20 lakh and upto Rs.30 lakh under RG 1,2, and 3 and RG 4,5, and 6. For other individuals, the bank offersa 8.40% interest rate for loans above Rs.20 lakh and upto Rs.30 lakh under RG 1,2, and 3 and RG 4,5, and 6.<\/p>\n<p>For loans above Rs.30 lakh and upto Rs.75 lakh, salaried women under RG 1,2, and 3 enjoy an interest rate of 8.40% and salaried women under RG 4,5, and 6 can avail 8.45%. For other salaried individuals, the bank offers 8.45% for loans above Rs.30 lakh and upto Rs.75 lakh, salaried women under RG 1,2, and 3 and offer 8.50% for those who fall under RG 4,5, and 6.<\/p>\n<p><strong>Maxgain- Floating Interest Card Rate Home Loan for Salaried: For loans above Rs.75 lakh and upto Rs.3 crore<\/strong><\/p>\n<div class=\"hungry-table nb-table\">\n<table class=\"table table-bordered table-striped col-sm-12\">\n<thead>\n<tr>\n<th class=\"table-header\"><\/th>\n<th class=\"table-header\">Women<\/th>\n<th class=\"table-header\">Others<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>RG \u2013 1, 2, 3<\/td>\n<td>1 year MCLR+50 bps, ER:8.45%<\/td>\n<td>1 year MCLR+ 60 bps, ER:8.55%<\/td>\n<\/tr>\n<tr>\n<td>RG \u2013 4, 5, 6<\/td>\n<td>1 year MCLR+ 55 bps, ER:8.50%<\/td>\n<td>1 year MCLR+ 65 bps, ER:8.60%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Under Maxgain Floating Interest Card Rate Home Loan, salaried women enjoy 8.45% interest rate under RG 1,2, and 3 and 8.50% under RG 4,5, and 6 for loan above Rs.75 lakh and upto Rs.3 crore.<\/p>\n<p>Other salaried individuals get 8.50% under RG 1,2, and 3 and 8.60% under RG 4,5, and 6 for loans above Rs.75 lakh and upto Rs.3 crore.<\/p>\n<p><strong>Maxgain- Floating Interest Card Rate Home Loan for Non-Salaried<\/strong><\/p>\n<div class=\"hungry-table nb-table\">\n<table class=\"table table-bordered table-striped col-sm-12\">\n<thead>\n<tr>\n<th class=\"table-header\"><\/th>\n<th class=\"table-header\"><\/th>\n<th class=\"table-header\">Women<\/th>\n<th class=\"table-header\">Others<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td colspan=\"1\" rowspan=\"2\">Loans above Rs.20 lakh and upto Rs.30 lakh<\/td>\n<td>RG \u2013 1, 2, 3<\/td>\n<td>1 year MCLR+50 bps, ER:8.45%<\/td>\n<td>1 year MCLR+ 55 bps, ER:8.50%<\/td>\n<\/tr>\n<tr>\n<td>RG \u2013 4, 5, 6<\/td>\n<td>1 year MCLR+ 50 bps, ER:8.45%<\/td>\n<td>1 year MCLR+ 55 bps, ER:8.50%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"2\">Loans above Rs.30 lakh and upto Rs.75 lakh<\/td>\n<td>RG \u2013 1, 2, 3<\/td>\n<td>1 year MCLR+60 bps, ER:8.55%<\/td>\n<td>1 year MCLR+65 bps, ER:8.60%<\/td>\n<\/tr>\n<tr>\n<td>RG \u2013 4, 5, 6<\/td>\n<td>1 year MCLR+65 bps, ER:8.60%<\/td>\n<td>1 year MCLR+ 70 bps, ER:8.65%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Under Maxgain Floating Interest Card Rate Home Loan, non-salaried women enjoy 8.45% interest rate on loans above Rs.20 lakh and up to Rs.30 lakh under RG 1,2, and 3 and RG 4,5, and 6. For other individuals, the bank offers 8.50% interest rate for loans above Rs.20 lakh and up to Rs.30 lakh under RG 1,2, and 3 and RG 4,5, and 6.<\/p>\n<p>For loans above Rs.30 lakh and up to Rs.75 lakh, non-salaried women under RG 1,2, and 3 enjoy an interest rate of 8.55% and non-salaried women under RG 4,5, and 6 can avail 8.60%. For other non-salaried individuals, the bank offers 8.60% for loans above Rs.30 lakh and up to Rs.75 lakh under RG 1,2, and 3 and offer 8.65% for those who fall under RG 4,5, and 6.<\/p>\n<p><strong>Maxgain- Floating Interest Card Rate Home Loan for Non-Salaried: For loans above Rs.75 lakh and upto Rs.3 crore<\/strong><\/p>\n<div class=\"hungry-table nb-table\">\n<table class=\"table table-bordered table-striped col-sm-12\">\n<thead>\n<tr>\n<th class=\"table-header\"><\/th>\n<th class=\"table-header\">Women<\/th>\n<th class=\"table-header\">Others<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>RG \u2013 1, 2, 3<\/td>\n<td>1 year MCLR+65 bps, ER:8.60%<\/td>\n<td>1 year MCLR+ 70 bps, ER:8.65%<\/td>\n<\/tr>\n<tr>\n<td>RG \u2013 4, 5, 6<\/td>\n<td>1 year MCLR+ 70 bps, ER:8.65%<\/td>\n<td>1 year MCLR+ 75 bps, ER:8.70%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Under Maxgain Floating Interest Card Rate Home Loan, non-salaried women enjoy 8.60% interest rate under RG 1,2, and 3 and 8.65% under RG 1,2, and 3 for loan above Rs.75 lakh and upto Rs.3 crore.<\/p>\n<p>Other non-salaried individuals get 8.65% under RG 1,2, and 3 and 8.70% under RG 4,5, and 6 for loans above Rs.75 lakh and upto Rs.3 crore.<\/p>\n<h2>Insta Home Top Up Loan:<\/h2>\n<p>Insta Home Top Up Loan:\u00a0<strong>60 bps above one year MCLR, ER: 8.55%<\/strong><\/p>\n<p>SBI charges an interest rate of 8.55% on their Insta Home Top Up Loan<\/p>\n<h2>Home Top-Up Loans for Salaried: Term Loan<\/h2>\n<div class=\"hungry-table nb-table\">\n<table class=\"table table-bordered table-striped col-sm-12\">\n<thead>\n<tr>\n<th class=\"table-header\"><\/th>\n<th class=\"table-header\">RG-1, 2 ,3<\/th>\n<th class=\"table-header\">RG-4, 5, 6<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Term Loan upto Rs. 20 lacs<\/td>\n<td>1 year MCLR+40 bps, ER: 8.35%<\/td>\n<td>1 year MCLR+50 bps, ER: 8.45%<\/td>\n<\/tr>\n<tr>\n<td>Term Loan above Rs.20 lakh upto Rs.1 crore<\/td>\n<td>1 year MCLR+60 bps, ER: 8.55%<\/td>\n<td>1year MCLR+70 bps, ER: 8.65%<\/td>\n<\/tr>\n<tr>\n<td>Above Rs.1 crore and upto Rs.2 crore<\/td>\n<td>1 year MCLR+70 bps, ER: 8.65%<\/td>\n<td>1year MCLR + 80 bps, ER: 8.75%<\/td>\n<\/tr>\n<tr>\n<td>Above Rs.2 crore and upto Rs.5 crore<\/td>\n<td>1 year MCLR+110 bps, ER: 9.05%<\/td>\n<td>1year MCLR + 120 bps, ER: 9.15%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>On term loans under Home Top Up Loans for salaried people, SBI charges 8.35% for term loan upto Rs.20 lakh under RG 1,2, and 3 and charges 8.45% under RG 4,5, and 6. For term loan above Rs.20 lakh upto RS.1 crore, SBI charges 8.55% under RG 1,2, and 3 and 8.65% under RG 4,5, and 6 for salaried individuals.<\/p>\n<p>For term loan above Rs.1 crore and upto Rs.2 crore, SBI charges 8.65% under RG 1,2, and 3 and 8.75% under RG 4,5, and 6 for salaried individuals. For term loan above Rs.2 crore and upto Rs.5 crore, SBI charges 9.05% under RG 1,2, and 3 and 9.15% under RG 4,5, and 6 for salaried individuals.<\/p>\n<h3>Home Top-Up Loans for Salaried: Overdraft<\/h3>\n<div class=\"hungry-table nb-table\">\n<table class=\"table table-bordered table-striped col-sm-12\">\n<thead>\n<tr>\n<th class=\"table-header\"><\/th>\n<th class=\"table-header\">RG-1, 2, 3<\/th>\n<th class=\"table-header\">RG-4, 5, 6<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Overdraft Above Rs.20 lakh and upto Rs.1 crore<\/td>\n<td>1 year MCLR+130 bps, ER: 9.25%<\/td>\n<td>1 year MCLR+140 bps, ER: 9.35%<\/td>\n<\/tr>\n<tr>\n<td>Overdraft above Rs.1 crore and upto Rs.2 crore<\/td>\n<td>1 year MCLR+ 150 bps ER:9.45%<\/td>\n<td>1 year MCLR+160 bps, ER: 9.55%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>For Overdraft Top Up Home Loan above Rs.20 lakh and upto Rs.1 crore, SBI charges 9.25% under RG 1,2, and 3 and 9.35% under RG 4,5, and 6 for salaried individuals.<\/p>\n<p>For Overdraft Top Up <a href=\"https:\/\/www.antworksmoney.com\/home-loan\">Home Loan<\/a> above Rs.1 crore and upto Rs.2 crore, SBI charges 9.45% under RG 1,2, and 3 and 9.55% under RG 4,5, and 6 for salaried individuals.<\/p>\n<h3>Home Top-Up Loans for Non-Salaried: Term Loan<\/h3>\n<div class=\"hungry-table nb-table\">\n<table class=\"table table-bordered table-striped col-sm-12\">\n<thead>\n<tr>\n<th class=\"table-header\"><\/th>\n<th class=\"table-header\">RG-1, 2 ,3<\/th>\n<th class=\"table-header\">RG-4, 5, 6<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Term Loan upto Rs. 20 lacs<\/td>\n<td>1 year MCLR+50 bps, ER: 8.45%<\/td>\n<td>1 year MCLR+60 bps, ER: 8.55%<\/td>\n<\/tr>\n<tr>\n<td>Term Loan above Rs.20 lakh upto Rs.1 crore<\/td>\n<td>1 year MCLR+70 bps, ER: 8.65%<\/td>\n<td>1year MCLR+80 bps, ER: 8.75%<\/td>\n<\/tr>\n<tr>\n<td>Above Rs.1 crore and upto Rs.2 crore<\/td>\n<td>1 year MCLR+80 bps, ER: 8.75%<\/td>\n<td>1year MCLR + 90 bps, ER: 8.85%<\/td>\n<\/tr>\n<tr>\n<td>Above Rs.2 crore and upto Rs.5 crore<\/td>\n<td>1 year MCLR+120 bps, ER: 9.15%<\/td>\n<td>1year MCLR + 130 bps, ER: 9.25%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>On term loans under Home Top Up Loans for non-salaried people, SBI charges 8.45% for term loan upto Rs.20 lakh under RG 1,2, and 3 and charges 8.55% under RG 4,5, and 6. For term loan above Rs.20 lakh upto RS.1 crore, SBI charges 8.65% under RG 1,2, and 3 and 8.75% under RG 4,5, and 6 for non-salaried individuals.<\/p>\n<p>For term loan above Rs.1 crore and upto Rs.2 crore, SBI charges 8.75% under RG 1,2, and 3 and 8.85% under RG 4,5, and 6 for non-salaried individuals. For term loan above Rs.2 crore and upto Rs.5 crore, SBI charges 9.15% under RG 1,2, and 3 and 9.125% under RG 4,5, and 6 for non-salaried individuals.<\/p>\n<h3>Home Top-Up Loans for Non-Salaried: Overdraft<\/h3>\n<div class=\"hungry-table nb-table\">\n<table class=\"table table-bordered table-striped col-sm-12\">\n<thead>\n<tr>\n<th class=\"table-header\"><\/th>\n<th class=\"table-header\">RG-1, 2, 3<\/th>\n<th class=\"table-header\">RG-4, 5, 6<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Overdraft Above Rs 20 lacs and upto Rs.1 crore<\/td>\n<td>1 year MCLR+140 bps, ER: 9.35%<\/td>\n<td>1 year MCLR+150 bps, ER: 9.45%<\/td>\n<\/tr>\n<tr>\n<td>Overdraft above Rs.1 crore and upto Rs.2 crores<\/td>\n<td>1 year MCLR+ 160 bps ER:9.55%<\/td>\n<td>1 year MCLR+170 bps, ER: 9.65%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>For Overdraft Top Up Home Loan above Rs.20 lakh and upto Rs.1 crore, SBI charges 9.35% under RG 1,2, and 3 and 9.45% under RG 4,5, and 6 for non-salaried individuals.<\/p>\n<p>For Overdraft Top Up <strong><a href=\"https:\/\/www.antworksmoney.com\/compare\/housing-loan-offers\">Home Loan<\/a><\/strong> above Rs.1 crore and upto Rs.2 crore, SBI charges 9.55% under RG 1,2, and 3 and 9.65% under RG 4,5, and 6 for salaried individuals.<\/p>\n<h2>SBI MCLR Rate for Home Loan:<\/h2>\n<div class=\"hungry-table nb-table\">\n<table class=\"table table-bordered table-striped col-sm-12\">\n<thead>\n<tr>\n<th class=\"table-header\">Tenor<\/th>\n<th class=\"table-header\">Existing MCLR<\/th>\n<th class=\"table-header\">Revised MCLR<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Over night<\/td>\n<td>7.75%<\/td>\n<td>7.70%<\/td>\n<\/tr>\n<tr>\n<td>One Month<\/td>\n<td>7.85%<\/td>\n<td>7.80%<\/td>\n<\/tr>\n<tr>\n<td>Three Month<\/td>\n<td>7.90%<\/td>\n<td>7.85%<\/td>\n<\/tr>\n<tr>\n<td>Six Month<\/td>\n<td>7.95%<\/td>\n<td>7.90%<\/td>\n<\/tr>\n<tr>\n<td>One Year<\/td>\n<td>8.00%<\/td>\n<td>7.95%<\/td>\n<\/tr>\n<tr>\n<td>Two Years<\/td>\n<td>8.10%<\/td>\n<td>8.05%<\/td>\n<\/tr>\n<tr>\n<td>Three Years<\/td>\n<td>8.15%<\/td>\n<td>8.10%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2>Factors on which the SBI Home Loan Interest Rate Depends<\/h2>\n<ul>\n<li><strong>Applicant\u2019s Salary:\u00a0<\/strong>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.<\/li>\n<li><strong>Amount of the Loan:<\/strong>\u00a0If the applicant applies for a higher loan amount, the rate of interest associated with that loan amount will be lesser.<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>State Bank of India is one of the leading banks in India that offers great financial products and services. SBI offers home loan to individuals who need money to buy a house. Loans can also be availed for a home extension, home renovation, etc. The house itself is considered as a security to the home &hellip; <a href=\"https:\/\/www.antworksmoney.com\/blog\/sbi-home-loan-interest-rate\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SBI Home Loan Interest Rate&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":5524,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-4666","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>SBI Home Loan Interest Rate - Types of Home Loans offered By SBI<\/title>\r\n<meta name=\"description\" content=\"SBI Home Loan Interest Rate - State Bank of India is one of the leading banks in India that offers great financial products and services...\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.antworksmoney.com\/blog\/sbi-home-loan-interest-rate\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"SBI Home Loan Interest Rate - 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