| SBI Smart Home Top Up Loan Highlights | |
| Interest Rates | 9.75% – 10.15% p.a. |
| Tenure | Up to 20 years |
| Loan Amount | Up to Rs 5 lakh |
| Processing Fees | Rs 2,000 plus applicable GST, which will be recovered from the loan amount before disbursement |
Rates updated as on 12th Dec 2024.
Transfer your Home Loan & avail Top-Up Loan at Low Interest Rates Click Here
Table of Contents
SBI Smart Home Top Up Loan Interest Rates
The interest rates for SBI Smart Home Top Up Loan is between 9.75% and 10.15% p.a. The breakup of SBI Home Loan Interest Rates for top up loans is mentioned below:
| Type of Loan | Interest Rate (p.a.) |
| Term Loan | 9.75% |
| Overdraft | 10.15% |
Note: Top Up Loan is not permitted in the overdraft category for loans above Rs 2 crore
Transfer your Home Loan & avail Top-Up Loan at Low Interest Rates Click Here
SBI Smart Home Top Up Loan Fees and Charges
The processing fees and charges for availing SBI Smart Home Top Up Loan are as follows:
| Particulars | Rates |
| Pre-Payment Penalty | Nil |
| Processing Charges | Rs 2,000 plus applicable GST, which will be recovered from the loan amount before disbursement |
Eligibility for SBI Smart Home Top Up Loan
The eligibility criteria for top up loans from SBI is on similar lines to the SBI Home Loan Eligibility criteria set for other schemes. The eligibility criteria for availing SBI Smart Home Top Up Loan is as follows:
- Both resident Indians and NRIs are eligible
- Minimum Age: 18 years
- Maximum Age: 70 years
- Credit Score: CIBIL score must be 550 or higher with repayment track record of past 1 year (or more) should be satisfactory (post completion of moratorium). No other home top up or insta home top up loans should be active.
SBI top up loan applicants having low or no credit scores can avail the Step Up Credit Card co-branded with SBM Bank India Ltd. to improve their credit scores. It is a lifetime free secured credit card issued by Paisabazaar.com against the fixed deposits of SBM Bank.
Existing home loan borrowers who wish to avail top up loans can also use the home loan EMI calculator to decide the optimal loan tenures and EMIs for their home loan top up based on the repayment capacity of their loan applicants.
Documentation Required for SBI Smart Home Top Up Loan
No fresh documentation is required for availing SBI Smart Home Top Up Loan as this facility is available only to the existing borrowers of SBI Home Loan.