SBI Top up Home Loan By State Bank of India


  • All Home Loans with a satisfactory repayment track of at least one year.

  • Valid mortgage should have been created in favour of the Bank.

Loan Amount

Minimum Loan Amount: Rs. 3 lacs

Maximum Loan Amount: Rs. 5 crores.


Processing Fee

Processing Fee 0.35% of Loan Amount subject to a minimum of Rs 1500/- and Maximum of Rs 10,000/-


Permissible Loan amount is calculated at 75% of present market value of the house property less present outstanding in the Home Loan account.

Interest Rate
  Loan Amount up to Rs. 50 lacs Loan Amount Above Rs. 50 lacs and Upto Rs. 2 Cr Loan Amount above Rs. 2 Cr and Upto Rs. 5 cr
Category Rate of Interest Rate of Interest Rate of Interest

Term Loan

10.35% p.a.

10.60% p.a.

11.10% p.a.

Overdraft Loan

10.60% p.a.

10.85% p.a.

11.35% p.a.



  • Many Government agencies, viz. Urban Development Authorities and Housing Boards, periodically come out with schemes for allotment of plots/houses, wherein applicants have to deposit 10-20% of the total cost of plot/house as Earnest Money Deposit (EMD).

  • SBI Earnest Money Deposit Scheme provides finance for Earnest Money deposit to all individuals above 21 years of age.

  • Applicant should have regular source of income.

  • No minimum income criteria.

  • Margin waived. Finance upto 100% of application money, subject to a maximum loan amount of Rs.10 Lacs.

  • No security, irrespective of the loan amount.

Above mentioned features of the scheme are applicable subject to the following conditions:
  • Allotment letters/refund orders should be routed through SBI.

  • Lump sum amount equal to 6 months interest to be paid upfront.

  • Two PDCs, one for the principle amount of EMD and another towards interest for the next 6 months should be taken to meet the eventuality of refund getting delayed.



House-owning Senior Citizens having inadequate income can avail this loan to meet their financial needs for renovation/repairs to house, medical & other personal uses.

  • No compulsion for the borrower to repay the loan amount during his or her lifetime or till such time he or she continues to stay in the house.

  • Borrowers have the options to prepay the loan at any time without any pre-payment penalty.

Processing Fee

Processing Fee 0.50% of the Loan Amount with a Minimum of Rs 500/- and Maximum of Rs 10,000/-

Interest Rate
  • 2.75% above the Base Rate, present effective rate being 12.60% p.a. (Fixed) subject to reset every 5 years.

Disbursement Required For Home Loan By State Bank of India
  • Either in Monthly/Quarterly payments or 50% of the sanctioned limit in lump-sum and the remaining in periodic payments.

State Bank of India (SBI), with a 200 year history, is the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees. The Government of India is the single largest shareholder of this Fortune 500 entity with 61.58% ownership. SBI is ranked 60th in the list of Top 1000 Banks in the world by "The Banker" in July 2012.

The origins of State Bank of India date back to 1806 when the Bank of Calcutta (later called the Bank of Bengal) was established. In 1921, the Bank of Bengal and two other banks (Bank of Madras and Bank of Bombay) were amalgamated to form the Imperial Bank of India. In 1955, the Reserve Bank of India acquired the controlling interests of the Imperial Bank of India and SBI was created by an act of Parliament to succeed the Imperial Bank of India.

The SBI group consists of SBI and five associate banks. The group has an extensive network, with over 20000 plus branches in India and another 173 offices in 34 countries across the world. As of 31st March 2012, the group had assets worth USD 359 billion, deposits of USD 278 billion and capital & reserves in excess of USD 20.88 billion. The group commands over 22% share of the domestic Indian banking market.

SBI's non- banking subsidiaries/joint ventures are market leaders in their respective areas and provide wide ranging services, which include life insurance, merchant banking, mutual funds, credit cards, factoring services, security trading and primary dealership, making the SBI Group a truly large financial supermarket and India's financial icon. SBI has arrangements with over 1500 various international / local banks to exchange financial messages through SWIFT in all business centres of the world to facilitate trade related banking business, reinforced by dedicated and highly skilled teams of professionals.


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