SBI Pre-Approved Home Loan

SBI Pre-Approved Home Loan Highlights – 2025
Interest rates	8.25% p.a. onwards
Loan amount	Based on customer’s credit profile
Repayment tenure	Up to 30 years (subject to maximum age of 70 years at the time of loan maturity)
Processing fee	Up to 0.35% of the loan amount (Rs 2,000- Rs 10,000) (50% off on processing fee)

Note: Interest rates as of 17 February 2025

SBI Pre Approved Home Loan Interest Rates

State Bank of India (SBI) has not set any separate interest rates for its Pre-Approved Home Loans. Thus, the interest rates for SBI Pre Approved Home loan starts from 8.25% p.a.

Compare Home Loan Interest Rates of Top Banks & HFCs

Name of Lender	Up to Rs. 30 Lakh	Above Rs. 30 Lakh to Rs. 75 Lakh	Above Rs. 75 Lakh
SBI	8.25%-9.40% p.a.	8.25%-9.40% p.a.	8.25%-9.40% p.a.	Check Eligibility
HDFC Bank Limited	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
Bajaj Housing Finance	8.25%-17.00%	8.25%-17.00%	8.25%-17.00%	Check Eligibility
ICICI Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
Axis Bank	8.75%-13.30% p.a.	8.75%-13.30% p.a.	8.75%-9.65% p.a.	Check Eligibility
Federal Bank	8.80% p.a. onwards	8.80% p.a. onwards	8.80% p.a. onwards	Check Eligibility
Punjab National Bank	8.20% - 10.00% p.a.	8.15% - 9.90% p.a.	8.15% - 9.90% p.a.	Check Eligibility
Kotak Mahindra Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
Bank of Baroda	8.15% - 10.40% p.a.	8.15% - 10.40% p.a.	8.40% - 10.65% p.a.	Check Eligibility
IDFC First Bank	8.85% p.a. onwards	8.85% p.a. onwards	8.85% p.a. onwards	Check Eligibility
LIC Housing Finance	8.50% - 11.25% p.a.	8.50% - 10.55% p.a.	8.50% - 10.75% p.a.	Check Eligibility
Tata Capital Housing Finance	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
PNB Housing Finance	8.50% - 14.50% p.a.	8.50% - 14.50% p.a.	8.50%-11.45% p.a.	Check Eligibility
L&T Finance Limited	8.65% p.a. onwards	8.65% p.a. onwards	8.65% p.a. onwards	Check Eligibility
Godrej Housing Finance	8.55% p.a. onwards	8.55% p.a. onwards	8.55% p.a. onwards	Check Eligibility

SBI Pre-Approved Home Loan Eligibility Criteria

The eligibility criteria for availing SBI Pre-Approved Home Loans are as follows:

• Resident Type: Resident Indians are eligible for availing this SBI home loan facility
• Minimum Age: 18 years
• Maximum Age: 70 years

SBI Pre Approved Home Loan Documents Required

The documents required for availing SBI Pre-Approved Home Loans are as follows:

List of Common Documents Applicable to all Applicants:

• Employer Identity Card
• Completed loan application form duly filled in and affixed with 3 Passport size photographs
• Proof of Identity (Any one): PAN/ Passport/ Driver’s License/ Voter ID card
• Proof of Residence/ Address (Any one): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhar Card

Account Statement:

• Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s
• If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year

Income Proof for Salaried Applicant/Co-borrowers/Guarantor:

• Salary Slips or Salary Certificates of last 3 months
• Copy of Form 16 for last 2 years or copy of IT Returns for last 2 financial years, acknowledged by IT Dept.

Income Proof for Non-salaried Co-applicant/ Guarantor:

• Business address proof
• IT returns for last 3 years
• Balance Sheet & Profit & loss A/c for last 3 years
• Business License Details(or equivalent)
• TDS Certificate (Form 16A, if applicable)
• Certificate of qualification (for C.A./ Doctor and other professionals)