Current SBI Home Loan interest Rate 2022-The majority of the lenders have linked their lending rates to repo rate. RBI’s latest data shows that the weighted average lending rate (WALR) on fresh rupee loans of SCBs increased by 8 basis points (bps) from 7.86% in May 2022 to 7.94% in June 2022.
Current SBI Home Loan interest Rate 2022 Details
Current SBI Home Loan interest Rate 2022 –30 Lacs, maximum permissible LTV ratio is 90% of the assessed value of the property. For loan amount greater than Rs. 30 Lacs and upto Rs. 75 Lacs, maximum permissible LTV ratio is 80%.
SBI Home Loan interest Rate
SBI is the largest bank in India in terms of deposit as well as advances. SBI offers Home Loans at attractive and lowest rate of interest compared to its peers such as HDFC Bank, PNB, Kotak Mahindra Bank etc. SBI has recently hiked its rate of interest post rate hike by Reserve Bank of india. In this post, we would look into detail of various current SBI Home Loan interest rates in 2022-
- For Loan amount upto 30 Lakhs, 30 to 75 Lakhs and above 75 Lakhs rate of interest would be 6.8%, 7.05%, and 7.15% for term loans applicable to salaried class respectively
- For Loan amount upto 30 Lakhs, 30 to 75 Lakhs and above 75 Lakhs rate of interest would be 7.15%, 7.40%, and 7.50% for SBI MaxGain loans applicable to salaried class respectively
- For Tribal plus scheme, additional 10 bps would be charged over final home loan interest
- For CRE Home Loan from SBI, an additional 50 bps would be charged over final home loan interest rate
- For SBI realty loans amount upto 30 Lakhs, 30 to 75 Lakhs and above 75 Lakhs rate of interest would be 7.5%, 7.60%, and 7.70% for term loans applicable to salaried class respectively
- Rate of interest varies from 7.50% to 9.55% for loan amount varying from Rs 20 lakhs to Rs 5 Crores
- For insta top up home loan, rate of interest that is 155 bps over and above standard rate would be charged
- For Insta Home Top Loan from SBI effective rate of interest would be 155 bps over and above EBR of 6.65%
- For salaried individuals, smart home top up loan can be priced at 8.05% and 8.55% for term loan and overdraft respectively
- For non salaried individuals, smart home top up loan can be priced at 8.55% and 9.05% for term loan and overdraft respectively
- For salaried individuals, Personal Loan against property can be priced at 8.80% and 9.30% respectively
- For salaried individuals, Personal Loan against property can be priced at 8.80% and 9.30% respectively
- Reverse Mortgage loans are priced at 9.05% for general public
- Reverse Mortgage Loans are priced at 8.05% for SBI pensioners
Current SBI Home Loan interest Rate 2022- For complete rate card on recent SBI Home Loan interest rate for 2022 you can visit following link
SBI Home Loan interest rates 2022
| SBI Home Loan Schemes | Interest Rate for Salaried | Interest Rate for Self-Employed |
| SBI Home Loans (Term Loan) | 6.65% to 7.15% p.a. | 6.70% – 7.50% p.a. |
| SBI MaxGain (Floating Interest Card Rate) | 7.05% to 7.55% p.a | 7.45% p.a. |
| SBI Insta Home Top Up Loan | 7.25% p.a. | 8.20% p.a. |
| SBI Home Top Up Loan (Term Loan) | 7.05% to 7.65% p.a | 7.65% p.a. onwards |
| SBI Home Top Up Loan (Overdraft) | 7.35% to 7.95% p.a. | 8.55% p.a. onwards |
| SBI Smart Home Top-Up Loan (Term Loan) | 7.25% p.a. | 8.55% p.a. onwards |
| SBI Smart Home Top-Up Loan (Overdraft) | 7.65% p.a. | 9.05% p.a. |
| SBI CRE Home Loan | 6.85% to 7.05% p.a | – |
| SBI Tribal Plus/CRGFT | 6.85% to 7.05% p.a | – |
| SBI Reverse Mortgage Loan | 9.05% p.a | – |
| SBI Realty | 7.65% p.a. onwards | – |
| SBI Earnest Money Deposit | 10.45% p.a | – |
Current SBI Home Loan interest Rate 2022-= In this post, we have discussed SBI Home Loan interest rates in 2022. SBI has recently increase its rate of interest on Home Loan post increase of repo rate by RBI You can read our other articles on SBI Home Loan from below-