SBI Home Loan
India's largest bank for home loans • Government bank • Lowest rates in the market
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Why Choose SBI Home Loan?
Lowest Rates
Starting from 8.50% p.a. - lowest in market
Fastest Approval
7 days approval with complete documentation
Highest Loan
Up to ₹15 Crore loan amount
Zero Processing
Zero processing fee for government employees
Online Process
Complete application online via YONO app
No Prepay Penalty
Free prepayment on floating rate loans
Eligibility Criteria
Documents Required
Identity
- •PAN Card
- •Aadhar Card
- •Passport (optional)
Income
- •Last 2 years ITR
- •Last 3 months salary slip
- •Bank statements
Property
- •Property deed
- •Tax receipt (5 years)
- •Layout plan
Employment
- •Employment letter
- •Relieving letter (if job change)
- •Work experience proof
Frequently Asked Questions
▼What is SBI YONO and how does it help?
YONO is SBI's mobile app where you can apply for home loan, track application, upload documents, and get instant pre-approval. The entire process is paperless and takes 24 hours for pre-approval.
▼What is the processing fee?
SBI charges 0.35-0.50% processing fee (₹1,750-₹2,500 for ₹50L loan). Zero processing fee available for government employees and senior citizens.
▼Can I switch to fixed rate later?
Yes, you can convert floating to fixed rate anytime during the loan tenure. The rate will be the current fixed rate at the time of conversion.
▼What is the approval timeline?
7 days for complete approval with all documents ready. Pre-approval available in 24 hours. Fund disbursal happens within 2-3 days after final approval.