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home loan interest rates: Latest SBI home loan interest rates: what interest rate you will get based on your CIBIL credit score


The State Bank of India (SBI) home loan caters to different sections according to their needs and requirements. The types of home loans are tailor-made to meet the different needs of people looking for a home loan.

The CIBIL score plays a vital role when it comes to applying for a loan like a home loan, as most banks set interest rates based on an applicant’s CIBIL score. The CIBIL score, which ranges from 300 to 900, is a three-digit numerical summary of your credit history, rating, and report.

SBI regular home loan includes Flexipay, NRI home loan, non-salaried loans, differential supply, lien, Shourya and Apna Ghar.

Note that the interest rate on SBI home loans is floating and is tied to the repo rate. SBI offers home loans under SBI Regular Home Loans, CRE Home Loans, Top-Up Loans, Home Loans, Tribal Plus, and P-LAP. If you are looking to qualify for a home loan in any of these categories, here are the interest rates as of April 1, 2022. Also be sure to check your CIBIL score before checking interest rates as they may vary based on your CIBIL score.

According to the SBI website, these are important things to know before applying for an SBI home loan:

Concession of 5 basis points for female borrowers subject to a minimum EBR of 6.65%

  • 10 bps premium to card rate for loans up to Rs 30 lakh for LTC >80%
  • Top-up loan is not allowed under Overdraft category for loans below Rs 20 lakh and below Rs 2 crore
  • Margin is only available for moving in properties
  • Concession of 5 basis points under Privileged, Shourya and Apna Ghar if maintaining the salary account with SBI as part of the salary package
  • The interest rate on the additional loan must not be lower than the interest rate charged on the underlying mortgage.



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