1 Crore SBI Home Loan

The State Bank of India (SBI) offers a variety of home loan options, with interest rates generally ranging between 8.40% and 12.95%. Women borrowers can also apply for SBI home loan at attractive interest rates starting from 8.90% onwards. The 1 Crore Home Loan by SBI can be extended up to a 30-year tenure, covering up to 90% of the property's value. SBI assesses borrowers based on their respective creditworthiness, offering special loan products for different groups, such as defence personnel and government employees. The rates vary according to individual credit scores and other factors, with the lowest floating rate currently at 8.85% per year. This flexibility in terms and conditions caters to a broad spectrum of home buyers.

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Table of Content

1. 1 Crore Home Loan SBI Highlights

2. 1 Crore Home Loan EMI for 10 Years From SBI

3. 1 Crore Home Loan EMI for 20 years From SBI

4. SBI 1 Crore Home Loan- Fees & Charges

5. 1 Crore SBI Home Loan Documents Required

6. 1 Crore SBI Home Loan Eligibility Criteria

Written By

Utsah Sharma

Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.

Reviewed By

Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

1 Crore Home Loan SBI – Highlights

Here is a quick snapshot of 1 Crore Home Loan.

Interest Rates	8.45%
Processing Fees	0.35%
Loan Amount	1 Crore
Loan Tenure	Maximum 30 years (or) up to the age of 70 years of the borrower, whichever is early.
Eligibility	Salaried and self-employed individuals. NRIs have a regular source of income.

1 Crore Home Loan EMI for 10 Years From SBI

Loan Amount	1 Crore
Rate of Interest (p.a.)	8.40%
Loan Tenure	10 Years
EMI	Rs. 1,23,185

1 Crore Home Loan EMI for 20 years From SBI

Loan Amount	1 Crore
Rate of Interest (p.a.)	8.40%
Loan Tenure	10 Years
EMI	Rs. 85,835

SBI 1 Crore Home Loan- Fees & Charges

The following are the fees that are applicable to the Rs. 1 crore loan.

Processing Charges: For the processing charge, a 0.35% fee plus GST applies to a home loan from SBI.
GST: For home loans, you will need to pay 18% GST as per the government’s policy.
Other Charges: Other charges like verification charges and stamp duty are also applicable on SBI home loans.

1 Crore SBI Home Loan – Documents Required

The following documents are required for a 1 crore SBI home loan.

Loan Application Form
KYC Documents: Identity Proof and Residence Proof
Property Documents: Allotment Letter/ Occupancy Certificate/ Conveyance Deed/ Other Documents
Income Proofs: Salary Slips for the last 3 months/ Balance Sheet and P&L account for the last 3 years/ Other documents
Financial Details: Last 6 months’ bank statements of all bank accounts held by the applicant

1 Crore SBI Home Loan – Eligibility Criteria

Following are the eligibility criteria for the SBI Home Loan.

The person should be an Indian resident. His or her minimum age should be 18 years, and his or her maximum age should be 70 years.

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Frequently Asked Question (FAQs)

What is the EMI for a 1 crore home loan for 20 years in SBI?

For a 1 crore SBI Home Loan for 20 years at an interest rate of 8.40%, one will need to pay an EMI of INR 86,087.

Who is eligible for a 1 crore home loan in SBI?

If the applicant is between 18 and 70 years of age with a stable income and a good credit score, then he or she is eligible to apply for a home loan with SBI.

What is the monthly interest rate of a 1 crore home loan in SBI?

The monthly interest rate of a 1 crore SBI home loan is 8.40%.