SBI Securities Home Loan
SBI Securities Home Loan
SBICAP Securities Ltd. is a subsidiary of the State Bank of India, set up to offer financial services and products including home loans. These are offered at an affordable interest rate starting at 8.40% per annum, with a processing fee of 0.35% of the loan amount subject to a maximum of Rs. 10,000 and a repayment tenure of up to 30 years. Both salaried and self-employed borrowers can apply. The maximum loan amount is at the discretion of the lender and depends on the repayment capacity of the borrower, among other factors.
SBI Securities Home Loan
Backed by the State Bank of India
SBICAP Securities is an SBI subsidiary, and we help you navigate the wider SBI home loan range.
Rate From 8.40% p.a.
One of the sharpest starting rates on our panel, and we check whether your profile qualifies for it.
Nil Prepayment and Foreclosure Charges
Pay off early without a penalty, and we factor that into the plan we recommend.
One Relationship Manager, Start to Finish
A dedicated BASIC expert handles your file end to end, not a rotating call centre.
SBI Securities Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
SBI Securities Home Loan Key Highlights
Get the lowest interest rates with SBI Securities
Loan Amount: At the discretion of the lender
Rate of Interest: Starts at 8.40% per annum
Processing Fee: 0.35% of the loan amount (maximum Rs. 10,000)
Maximum Tenure for Repayment: 30 years
Rate Packages: Floating
Charges for Prepayment/Foreclosure: Nil
SBI Securities Home Loan Interest Rates in 2026
SBI Securities has set a benchmark for itself with affordable housing loan schemes. The SBICAP Securities home loan rate of interest starts at 8.40% per annum and may vary from plan to plan. The table below shows the current rates:
| Loan Slab | Interest Rate for Home Loan |
|---|---|
| Floating Plan (For Salaried) | Starting at 8.40% per annum |
| Floating Plan (For Self-Employed) | Starting at 8.40% per annum |
SBI Securities Home Loan Eligibility Criteria
SBI Securities home loan eligibility is based on general criteria such as age, nationality and employment status. The table below highlights the main eligibility criteria:
For Salaried Individuals
Age Range (in years)
18-70 years
Nationality
Indian residents and NRIs
Minimum Income Earned
Rs. 1,80,000 per annum
For Self-Employed Individuals
Age Range (in years)
18-70 years
Nationality
Indian residents and NRIs
Minimum Income Earned
Rs. 1,80,000 per annum
SBI Securities Home Loan Processing Fee and Charges
The SBI Securities home loan processing fee is charged to process each application. Besides this, the lender charges some fees for late payments or cheque bounces during repayment. The table below sets them out:
| Processing Fee | 0.35% of the loan amount (maximum Rs. 10,000) |
| Statutory Charges | As applicable |
| EMI / Cheque Bounce Charges | Rs. 250 per instance |
| Late EMI Payment Charges | 2% per annum for loans above Rs. 25,000 |
| Penal Interest Rate | 2% per month |
| Foreclosure / Prepayment Charges | Nil |
SBI Securities Home Loan Schemes and Top Plans
SBICAP Securities offers a wide range of housing loan schemes. Listed below are some of the popular offerings:
- Ideal for purchasing a ready-to-move-in or under-construction home at affordable rates
- Maximum tenure of up to 30 years
- Special interest rate concessions for women borrowers
- Flexible overdraft facility
- Lower monthly interest component in EMIs
- Minimum loan amount of Rs. 20 lakh
- Flexible option to switch an existing home loan to SBI
- Additional top-ups available
- Low interest rates
- Special scheme for salaried borrowers at low interest rates
- Maximum repayment tenure of up to 30 years
- Flexible EMI repayment options
- Special scheme for government employees, central government departments and public sector banks
- Maximum repayment tenure of up to 30 years
- No processing fee is charged
- Top-up scheme for existing home loan customers
- Quick sanction of up to Rs. 5 lakh without submitting documents
- Minimum CIBIL score required is 550
- Pre-approved home loan agreement letter valid for up to 4 months
- Pre-approval for the purchase of a home
- Minimum loan amount starting at Rs. 10 lakh
- Special scheme for defence personnel
- No processing fee is charged
- Extended repayment age of up to 75 years
- Pre-approved online top-up for existing SBI borrowers
- Loan amounts ranging between Rs. 1 lakh and Rs. 5 lakh
- Paperless and quick processing
- Special scheme for non-resident Indians who wish to own residential property in India
- Also available as an overdraft
- Repayment through an NRO or NRE account or from abroad
* Note: All of the above home loan plans are made available to applicants solely at the discretion of SBICAP Securities Ltd., taking into consideration the earning and repayment capacity of the applicant.
Documents Required for SBI Securities Home Loan
SBICAP Securities Ltd. requires KYC documents to verify the income, nationality, address and identity of the applicant. The list is shared below:
| Proof of Income |
|
| Other Required Documents |
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| Proof of Income |
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| Other Required Documents |
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| Identity & Address Proof |
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| Documents Related to Property |
|
Apply for an SBI Securities Home Loan Through BASIC Home Loan
The SBI Securities home loan application is simple and quick. Here is how to apply:
Apply Now on the BASIC Website
Head to the APPLY NOW section on the BASIC Home Loan website.
Share Your Requirement
Enter your name, contact number, loan amount and pincode, then submit the form.
We Take It Forward With SBI Securities
The BASIC Home Loan team reaches out and initiates a hassle-free home loan application process.
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