| SBI Home Loan Balance Transfer Highlights | |
| Interest Rates | 8.50% p.a. onwards |
| Repayment Tenure | Depends on the outstanding amount |
| Processing fee | NIL |
Note: Interest rates as of 12th December 2024
Table of Contents
SBI Home Loan Balance Transfer Interest Rates
Interest rates for SBI Home Loan balance transfer are mentioned below:
Home Loan Interest Rate in SBI – Scheme Wise
| SBI Home Loan Scheme | Interest Rate (p.a.) |
| SBI Home Loan (TL) | 8.50%-9.65% |
| SBI Home Loan Max Gain (OD) | 8.70%-9.85% |
| SBI Top-up Home Loan | 8.80%-11.30% |
| SBI Top-up Home Loan (OD) | 9.00%-9.95% |
| SBI Tribal Plus | 8.60%-9.55% |
| SBI YONO Inst Home Top-up | 9.35% |
Compare SBI Bank 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 | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | Check Eligibility |
| HDFC Bank Limited | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% 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 |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Kotak Mahindra Bank | 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 |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Check Eligibility |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Check Eligibility |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Check Eligibility |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Check Eligibility |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% 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 |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Check Eligibility |
Transfer your home loan @ 8.35% p.a. onwards Click Here
SBI Home Loan Balance Transfer Eligibility Criteria
- Resident Type: Resident Indian
- Minimum Age: 18 years
- Maximum Age: 70 years
- Extended Loan Tenure
Click Here: home loan EMI calculator
SBI Home Loan Balance Transfer Documents Required
List of common documents:
- Employer Identity Card
- Loan Application: Completed Loan Application form duly filled 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
List of property papers:
- NOC from Society/Builder
- Registered agreement for sale
- Occupancy Certificate
- Share Certificate(only for Maharashtra), Maintenance Bill, Electricity Bill, property tax receipt
- Chain of all old Agreements for sale
Account statements:
- Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s
Income proof for salaried applicant/co-applicant/guarantor:
- Salary Slip or Salary Certificate 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 applicant/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)
Documents from other bank:
- List of original documents held at Bank
- Loan a/c statement for the past one year
- Sanction Letter
- Interim Period Security
Reduce Your Home Loan EMI with Balance Transfer Click Here
Know how to get SBI Bank home loan statement and provisional interest certificate online.
FAQs on SBI Home Loan Balance Transfer
1. What costs are incurred during SBI Home Loan transfer?
Ans. SBI charges processing fees during transfer of home loans to SBI. Currently, the lender has waived off the processing fees charged for SBI Home Loan Balance Transfer.
2. Can I avail a higher loan amount from SBI when I transfer my loan?
Ans. Based on your home loan eligibility and merits of the case and requirements, the bank may offer a higher loan amount when you transfer your existing home loan to SBI for purposes, such as renovation, extension and furnishing.
3. Can I extend my repayment period when I transfer my loan to SBI?
Ans. Yes, you can extend your repayment tenure while transferring your home loan to SBI provided your age does not exceed the maximum eligible age or the retirement age at the time of loan maturity.
4. Can I avail Home Loan Top-up facility while transferring my home loan to SBI?
Ans. Yes, SBI offers Home Loan Balance Transfer with Top-up facility provided the maximum LTV ratio (after factoring your top-up loan) does not exceed 75% and subject to the fulfilment of other terms and conditions of SBI Home Loan Balance Transfer facility. You can also click here to compare the home loan balance transfer offers (along with top up facility) from top lenders based on your credit score.