State Bank of India or SBI Home Loan have been instrumental in assisting numerous families in achieving their dream of home ownership. For that reason the criteria for SBI home loan eligibility in 2025 is by far the most searched and discussed topic within the netizen.
Buying a house is a dream of every individual in the whole world.In the present world of banking and finance purchasing a house has become very easy because of the easy availability of home loans from various scheduled PSU and private banks,housing finance companies (HFCs) and non-banking financial companies (NBFCs).Among all the financial institutions in India,State Bank of India or SBI is considered to be the biggest and top rated of all.So every individual always try to get their home loan application approved from SBI.
State Bank of India (SBI) provides home loans with repayment periods extending to three decades, allowing borrowers to tailor their monthly installments to a comfortable level.
This structure is particularly beneficial in the current financial climate, where numerous lenders are offering appealing interest rates to attract customers.
The bank provides financing options covering up to 90% of the property’s cost, ensuring accessibility for a wide range of customers.
Moreover, SBI home loan products feature low processing charges and a transparent pricing framework, enhancing both affordability and trust among customers.
As the largest mortgage lender in the country, SBI Home Loans has supported over 30 lakh families in fulfilling their goal of owning a home.
Values of SBI:
- Trust
- Transparency
- Integrity
- Excellence
Value added to Customers:
- Wide Product Range
- Interest Calculation on Daily Reducing Balance
- Overdraft Facility available
- Low Interest Rates
- Low Processing Fees
- No Hidden Costs
- No Pre-payment penalty
Presence:
- 24,000+ branches
- 1600+ member strong dedicated Sales Team
Features & Benefits
- Packages of exclusive benefits included to simplify the SBI home loan eligibility:
- Low Interest rates. Interest calculation on a daily reducing balance.
- Home loan also available as an overdraft.
- Optimal utilization of the surplus funds.
- Low Processing charges. No hidden costs.
- No Prepayment penalties. Reducing interest burden by availing the option of prepaying the loan.
SBI Home Loan Eligibility Requirements:
The SBI home loan eligibility criteria are as given below:
- Eligible Age: Minimum: 18 years; Maximum: 70 years
- Nationality: Resident and Non-resident Indian
Documents Required for SBI Home Loan eligibility check and application process in general for all applicants:
Proof of income for salaried applicant or guarantor or co-applicant to meet the SBI home loan eligibility criteria:
- Salary certificate or salary slips for the previous three months
- Copy of IT Returns for the previous two financial years or
- Copy of Form 16 for the previous two years
Proof of income for self employed professionals or self-employed non-professionals or non-salaried applicant or guarantor or co-applicant to calculate the SBI home loan eligibility:
- IT returns of the previous three years
- Balance Sheet of the previous three years
- Profit and Loss statements for the preceding three financial years.
- Details of business license or equivalent
- Form 16A or TDS certificate, if applicable
- For professionals: Certificate of qualification
- Proof of business address
Account statement:
- Bank account statements of the previous six months for all bank accounts held by applicant
- Loan account statement of the previous one year if another loan is currently active
Property papers:
- Copy of approved blueprint
- Occupancy Certificate (for ready-to-move property)
- Conveyance Deed (For New Property)
- Permission for construction (where applicable)
- Stamped Agreement for Sale or Allotment Letter Maintenance bill
- Electricity bill
- Property tax receipt
Photocopy of the approved plan (blueprint) and the builder’s registered development agreement, along with the conveyance deed for a new property.
- Bank account statements or payment receipts of payments to seller or builder
- Registered Agreement for Sale (for Maharashtra)
- Share Certificate (for Maharashtra)
What are the different SBI Home loan products one can be eligible for if an SBI home loan applicant meets the SBI home loan eligibility criteria?
1. General Home Loan for Purchase or Construction or Take Over:
SBI Home Loans is the leading provider of mortgage loans in India. It has successfully helped over 30 Lakh families achieve their dream of owning a home.
SBI Home Loans come to us on the solid foundation of trust and transparency built in the tradition of SBI. It includes options for purchase of ready built property, purchase of under construction property, purchase of pre-owned homes, purchase of plot, plot plus construction of a house, construction of a house, extension of house and repair or renovation.
2.Home Loan Take Over -Balance Transfer:
Switching the existing home loan from any financial institution to SBI and saving the extra amount of expenses is also one of the prime criteria among the existing home loan borrowers to seek information about the SBI home loan eligibility criteria.
SBI provides a home loan balance transfer facility that allows customers to move their existing loans from Scheduled Commercial Banks (SCBs), private and foreign banks, registered Housing Finance Companies (HFCs) under the National Housing Bank (NHB), or even through their employers. if they are Central or State Govt or their undertakings or Public Sector Undertaking subject to condition that the borrower should satisfy the SBI home loan eligibility criteria for availing Home Loan as per the Bank’s instruction and has serviced interest and/or installment of the existing loan regularly, as per the original terms of sanction.
The borrower should have valid documents evidencing the title to the house or flat.
3.Non Resident Indians(NRIs) SBI Home Loans:
The flexible SBI Home Loan eligibility criteria for NRIs allows Non-Resident Indians to get closer to home.
SBI NRI Home Loan enables Non-Resident Indians to secure housing finance for purchasing or investing in residential properties in India. Financially, it makes sense to purchase a property through home loan rather than through personal financing especially when you can invest your personal funds somewhere else for better returns.
4.SBI Flexipay Home Loan:
The flexibility of SBI home loan eligibility criteria for Flexipay home loan with step up moratorium always let the current income of the applicant not stop from owning the dream home.
SBI Flexipay Home Loan offers enhanced loan eligibility to salaried individuals, allowing them to avail of a higher loan amount. During the moratorium period, borrowers are required to pay only the interest, after which they can repay the loan through reduced EMIs that gradually increase in the later years.
This variant of SBI home loan is very useful for young earners. The SBI Flexipay home loan has the potential to lure a large section of home loan buyers towards SBI.
SBI home loan eligibility criteria for Flexipay home loan:
SBI home loan eligibility criteria for Flexipay home loan:
- The SBI Flexi Pay Home Loan can be availed by executives or working professionals.
- Applicants must be salaried employees with a minimum of two years of experience.
- Applicants must be aged between 21 years and 45 years.
5. SBI Privilege: Home Loan for employees of State & Central Govt, PSBs and PSUs:
Under this product the SBI Home Loan eligibility criteria has been designed especially for Government Employees of State and Central as well as for the employees of PSUs and other PSBs.
SBI has launched SBI Privilege Home Loan exclusively for government employees. This home loan is available to employees of the Central and State Governments, including personnel from Public Sector Banks, Central Government Public Sector Undertakings, and other individuals with pensionable employment.
The loan amount will be determined by taking into consideration factors such as applicant income and repaying capacity, age, assets and liabilities, cost of proposed house or flat etc.
6.Shaurya Home Loan -For Defence/Navy/Air force personnel:
The personnel of defence or navy or air force who serve the nation, get an opportunity to own a house under Shaurya Home Loan for which the SBI home loan eligibility criteria has been designed in a very unique manner.
The SBI Shaurya Home Loan is a specialized scheme designed exclusively for members of the Army and Defence forces, offering housing finance tailored to defence personnel.
SBI Shaurya Home Loans offer reduced interest rates along with additional benefits, exclusively available to applicants serving in the defence sector.
Apart from reduced interest rates in the home loan, the defence employees will also have the ease of repayment options and may get a longer repayment period of the loaned amount.
7. Pre-Approved Home Loan:
Pre-approved SBI Home Loan allows an individual to place the loan as per the calculation of SBI home loan eligibility criteria before the selection of the property that is to be purchased.
The SBI Pre-approved loan (PAL) provides sanction of Home Loan limits to the customers before finalization of the property which enables them to negotiate with the Builder or Seller confidently.
The pre approved SBI home loan eligibility will be assessed based on income details of the applicant. Non-refundable processing fee as applicable to the Home Loan will be collected at the time of sanction.
8.SBI Realty-For Plot Purchase:
Constructing a dream home from scratch and making it a reality
SBI Realty Loan enables customers to finance the purchase of a residential plot intended for constructing a home.
The construction of the house should be completed within 3 years from the date the loan has been sanctioned or disbursed. Customers can also opt for an additional home loan to construct a house on a plot financed through SBI Realty.
As per SBI home loan eligibility norms, loan amounts of up to ₹15 crore may be sanctioned, with a repayment tenure of up to 10 years.
9.SBI Tribal Plus:
Home Loan designed especially for Hilly or Tribal areas
SBI Tribal plus Home Loan can be availed for the purpose of purchase or construction of a new house or flat (without mortgage of land), purchase of an existing (old) house / flat which is not more than 10 years old, and repair or renovation or extension of an existing house or flat. This scheme is available at all the SBI branches in these areas.
Individuals who are looking to avail of the SBI Tribal Plus Scheme must fulfil the SBI home loan eligibility criteria for the SBI Tribal Plus Scheme as mentioned below:
- The minimum age of the applicant must be at least 21 years
- The maximum age of the applicant should not be above 60 years
Applicants must be employed as per the following:
- Employed permanently by any Central or State Government Undertaking
- Employed permanently by a PSU or Public Sector Undertaking
- Employed permanently by any reputable unit within the private sector
- The applicant should be a Class I or Gazetted Officer for at least five years or for at least ten years for any other grade.
- There should be a check-off facility available
Only individuals or tribal residing in hill areas surrounding the following locations are eligible for the scheme:
- Northeast India
- Patna
- Chandigarh
- Lucknow
- Bhubaneswar
- Bhopal
Even individuals who do not currently live in these locations can apply for this loan for property in their native village.
10. SBI Home Loan to Non-Salaried (Differential Offerings)
This product is specifically designed for Non-Salaried Individuals offering the best possible Home Loan value to customers. Home Loans for the purpose of construction or acquisition of residential house or flat, takeover of Home Loans from other Banks or HFCs and repair or renovation of existing house or flat.
SBI home loan eligibility criteria for SBI Home Loan to Non-Salaried (Differential Offerings) are as under:
» Resident Type: Resident Indian
» Wherever the applicant is Proprietor of a Proprietorship firm or is one of the partners in a Partnership Firm or is one of the Directors in a Company, the firm/Company :
❖ Should be in existence for at least last 3 years
❖ Must have earned Net Profit in the last two years
❖ Existing Credit Facilities, if any, should be Regular and Standard. Opinion Report in this regard will be obtained from the existing Bankers
❖ Wherever the proposed House Property is acquired in joint names of the Proprietor and the Proprietary Firm, the firm should be our existing borrower or a debt free entity.
➤ Minimum Age: 18 years
➤ Loan Tenure: up to 30 years.
➤ Loan Amount: Minimum: Rs. 50,000/- & Maximum: Rs. 50 crores.
Pradhan Mantri Awas Yojana - Urban 2.0 (PMAY-U 2.0):
Urban 2.0 (PMAY-U 2.0) is a government initiative aimed at providing affordable housing to urban residents, promoting home ownership, and improving living conditions in cities.
If an applicant fulfills the SBI home loan eligibility requirements under the Pradhan Mantri Awas Yojana (PMAY), they can apply for it using various SBI home loan options, including Regular Home Loan, Flexipay Home Loan, Privilege Home Loan, and more. It should be checked with the bank whether the applicant can apply for PMAY on the existing loan or new home loan.
Pradhan Mantri Awas Yojana can help the applicant to save money on the first house of the applicant. Under the scheme, the applicant can get a subsidy of up to Rs.2.67 lakh.
The subsidy is offered to individuals with an annual income of up to Rs. 18 lakhs, and the loan can be repaid over a maximum period of 20 years.
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