The interest rate on an SBI home loan depends on the applicable loan scheme, the bank's prevailing rates and the borrower's eligibility. Interest rates can change as benchmark rates and bank lending policies are revised. Applicants should therefore verify the current rate before applying rather than relying on an older advertised starting rate.

SBI's official home loan interest-rate page separately displays a starting rate of 7.25% per annum, with an effective date of 1 April 2026. Since a more recent rate revision has been reported, customers should verify the latest applicable schedule with the bank before relying on the older starting figure.

Factors Affecting SBI Home Loan Interest Rates

1. Credit profile: The applicant's credit history and the bank's applicable pricing criteria may affect the offered interest rate.

2. Loan scheme: Different SBI home loan products can have different interest rates, fees and conditions.

3. Benchmark changes: For benchmark-linked loans, changes to the relevant benchmark can affect the interest rate and may change the EMI or repayment tenure.

4. Loan amount and property details: The applicable terms may depend on the selected scheme, property valuation and other lending conditions.

5. Bank policy and eligibility: The final rate is determined according to the bank's current pricing structure and the applicant's assessment.

A home loan EMI (Equated Monthly Instalment) is the monthly amount paid towards the principal and interest. The EMI depends on the loan amount, annual interest rate and repayment tenure.

For example, consider a ₹50 lakh loan over 20 years. The following figures illustrate how different rates can affect monthly repayments.

These are illustrative calculations using the stated annual rates and a constant rate over the full tenure. They are not personalised SBI quotations. Actual EMI amounts may vary with the sanctioned rate, rate revisions, disbursement and loan terms.

Before accepting a loan offer, borrowers should compare the EMI, total interest payable, applicable fees and repayment conditions. They should also review the sanction letter and Key Facts Statement (KFS), where applicable, to understand the actual cost of borrowing.