SBI Home Loan for Women & Housewife

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The State Bank of India (SBI) offers a wide range of financing options for all categories of applicants. Thus, the bank offers several appealing home loan products exclusively crafted for female applicants. These female-friendly loans typically come with features such as lower interest rates, longer tenure, moderate eligibility criteria, minimal documentation, and many more. Besides, securing an SBI home loan for women is a process that only takes approximately 10 minutes.

Read on to see what the SBI Home Loan interest rate female, its eligibility criteria, document requirements, fees and charges, available home loan products, and the exclusive benefits of SBI home loan for ladies.

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Table of Content

1. SBI Home Loan for Women Highlights

2. Home Loan Benefits for Ladies SBI

3. SBI Home Loan for Women Fees and Charges

4. SBI Home Loan for Women Documents Required

5. SBI Home Loan for Women Eligibility Criteria

6. Types of SBI Home Loans for Women

Written By

Amrita Sinha

Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal 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.

SBI Home Loan for Women – Highlights

Following are the key parameters you might be aware of regarding an SBI home loan for women:

Interest Rates	8.35 p.a onwards
Processing Fees	0.25% of the loan amount + GST
Loan Amount	Up to 90% of the property value.
Loan Tenure	Maximum 30 years (or) up to the age of 70 years of the borrower, whichever is early.
Eligibility	Salaried or self-employed individuals, including NRIs, with a regular source of income.

Home Loan Benefits for Ladies SBI

Let’s take a look at the following benefits you can expect by availing an SBI home loan for female applicants:

You will be eligible for a 0.05% (5 bps) reduction in the SBI home loan interest rate for female borrowers.
You are not required to pay any processing fee.
You can secure a loan amount of up to 90% of the property’s value.
You can use the loan amount for any of your housing-related needs.
You levy no hidden charges or prepayment penalty.

SBI Home Loan for Women – Fees and Charges

Following are the fees and charges that you can expect as an SBI 10 lakh home loan borrower:

Fee/Charge	Amount
Processing Fee	Up to 0.25% + Applicable tax
Prepayment Charges	Nil (for both fixed and Floating rate of interest)
Late Payment Charges	Rs. 500 + Applicable tax
Cheque Bounce Charges	Rs. 225 + Applicable tax
Cheque Swap Charges	Rs. 225 + Applicable tax
Duplicate Statement Issuance Charges	Rs. 100 + Applicable tax
Duplicate Amortisation Schedule Issuance Charges	Rs. 200 + Applicable tax
Duplicate Interest Certificate Issuance Charges	Rs. 100 + Applicable tax
Loan Conversion Charges/Switching Fee	0.5% of the principal outstanding amount + GST
Legal Fee	As per actuals
Valuation Fee	As per actuals

SBI Home Loan for Women – Documents Required

The following are the required documents for an SBI home loan for women applicants.

Proof of Identity: Aadhaar card, PAN card, passport, voter ID, or driving license.
Proof of Address: Utility bills, passport, or driving licence.
Proof of income: Salary slip, income tax return, bank statement, etc.
Proof of Property: Title deed, sale agreement, approved plan, etc.

Some specific home loan schemes for women, such as SBI Her Ghar, may require additional documents, such as:

Declaration of being the sole or first owner of the property
Consent letter from the co-owner of the property
Proof of relationship with the co-applicant or co-borrower

SBI Home Loan for Women – Eligibility Criteria

The following are the SBI home loan for women’s eligibility criteria:

The applicant must be an Indian resident.
The applicant must be a salaried or self-employed individual.
The applicant must be aged between 18 and 70.
The applicant must have a regular source of income.
The applicant must have a minimum of 2 years of work experience
The applicant must have a good credit score and repayment history.
The property to be financed should either be in the sole name of the woman applicant, or she should be the first owner in case of joint ownership

Types of SBI Home Loans for Women

Let’s take a look at a list of the best SBI home loans for women:

SBI Her Ghar Home Loan
SBI Regular Home Loan
SBI Yuva Home Loan
SBI Max Gain Home Loan
SBI Flexipay Home Loan
SBI Shaurya Home Loan
SBI Privilege Home Loan
SBI Realty Home Loan
SBI YONO Insta Home Top-Up Loan
SBI Tribal Plus
Pradhan Mantri Awas Yojana (PMAY)