20 Lakh SBI Home Loan

The State Bank of India (SBI), with its legacy of trust and reliability, offers a beacon of hope to aspiring homeowners through its 20 lakh home loan. With competitive interest rates, transparent processing, and customer-centric policies, SBI's home loan is a testament to the bank's commitment to making housing affordable for a diverse spectrum of Indian society. As we delve deeper, let's unravel the facets of the SBI 20 lakh home loan EMI.

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Table of Content

1. 20 Lakh Home Loan EMI SBI Highlights

2. 20 Lakh Home Loan EMI for 10 years From SBI

3. What will be the EMI on 20 Lakh Home Loan for 20 years from SBI?

4. 20 Lakh SBI Home Loan Fees & Charges

5. 20 Lakh SBI Home Loan EMI Documents Required

6. 20 Lakh EMI SBI Home Loan Eligibility Criteria

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Written By
Thejus KS
Thejus KS
A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.
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Piyush Bothra
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.

20 Lakh Home Loan EMI SBI – Highlights

Here is a basic snapshot of the highlights of 20 lakh home loan SBI. 

Maximum Loan Amount ₹ 20,00,000
Maximum Loan Tenure 30 years 
Interest Rate 8.40%-10.15% 

20 Lakh Home Loan EMI for 10 years From SBI

Starting at an interest rate of 8.40%, the 20 lakh home loan is a good amount that could help you buy property at a feasible price point.

Loan Amount ₹ 20,00,000
Rate of Interest (p.a.) 8.40%-10.15%
Loan Tenure 10 Years
EMI Rs. 24,637

What will be the EMI on 20 Lakh Home Loan for 20 years from SBI?

Getting a home loan for 20 lakh amount can prove to be a significant investment of your lifetime. 

Loan Amount ₹ 20,00,000
Rate of Interest (p.a.) 8.40%-10.15%
Loan Tenure 20 Years
EMI Rs. 17,167

20 Lakh SBI Home Loan – Fees & Charges

Here is a glimpse of the applicable fees for SBI Home Loan. 

Home Loan Regular: As a processing fee, you will need to pay 0.35% of the total loan amount plus GST. 

Home Top-Up Loan: A total of 0.35% of the loan amount plus applicable GST, (minimum amount 2000/-) (maximum amount 10,000/-) plus GST. 

SMART Home Top-up Loan: 2000+GST

Insta Home Top-Up Loan: 2000+GST 

YONO Insta Home Top-Up Loan (Digital Product): 2000+GST 

20 Lakh SBI Home Loan EMI – Documents Required

The following documents are required for a 20 lakh SBI home loan. 

  • Loan application form 
  • Proof of Identity along with proof of residence 
  • Papers of your property 
  • Construction permission (where applicable)
  • Approved copy of the plan (Xerox Blueprint)
  • Bank Account Statements of the last 6 months for all Bank Accounts that are held by the applicant/s
  • If there is any previous loan from other Banks/Lenders, then the Loan A/C statement for the last year will be required 
  • Income proof of the salaried applicant/ co-applicant/ or guarantor
  • Business address proof
  • Last 3 years of IT returns 
  • Last 3 years balance sheet and profit and loss A/C 
  • Business licence details (or equivalent)
  • TDS Certificate (Form 16A, if applicable)
  • Certificate of qualification (for C.A./ Doctor and other professionals)

20 Lakh EMI SBI Home Loan – Eligibility Criteria

Here are the eligibility criteria for a 20 lakh SBI home loan. 

  • The applicant must be Indian residents 
  • He or she should be at least 18 years of age and a maximum of 70 years of age 
  • The applicant must be salaried or a self-employed individual

  • SBI Home Loan EMI for Different Budgets

  • Apply Home Loan in Your City

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  • Home Loan for Different Property Types

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