SBI home loan interest rates, processing fees: All you need to know

SBI home loan: If you are planning to take a Home loan, then you may choose one from the wide range of options. One among them is SBI home loan. India's largest lender offers various home loan options for you. The customers can take either fixed or floating rate loans. You have to choose which one you want to take. If you take a fixed rate loan, you have to pay same rate of interest for the entire loan tenure. On the other hand, if it is floating rate, you have to pay varied rate of interest for the loan period. When the rate of interest goes down, you have to shell out less, while it goes up you have to pay more.
At current rate, one can avail a home loan at as cheap as 8.60 percent and the higher limit depends on the property value risk factor.

Here are the various Home loan rates of SBI:
1. Term-loans up to Rs 30 lakh (1-year MCLR is equal to 8.5 percent)

Salaried Borrowers (women):  1 Year MCLR+ 10 bps, or 8.60 percent (for loan-to-value or LTV ratio greater than 80. LTV measures loan risk)

Non-Salaried Borrowers (women): 1 year MCLR + 25 bps or 8.75 percent 

Salaried Borrowers (women): For LTV ratio less than 80:

One year MCLR+ 20 bps or 8.70 percent

Non-Salaried Borrowers (women):
One year MCLR+ 35 bps or 8.85 percent

Salaried Borrowers (others): (LTV > 80 and ≤ 90)

One year MCLR+ 15 bps, or 8.65 percent

Non-salaried borrowers (others): 
One year MCLR+ 30 bps, or 8.80 percent

Salaried Borrowers (others): (LTV > 80 and ≤ 90)
One year MCLR+ 25 bps or 8.75 percent

Non-salaried borrowers (others): 
One year MCLR+ 40 bps or 8.90 percent

Home loans above 30 lakhs and up to Rs 75 lakhs:
These loans are available at rates between 8.85 percent and 9.15 percent. 

Home loans above Rs 75 lakhs (floating rate):

These loans are available at rates between 8.95 percent and 9.3 percent.