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State Bank of India Home Loan Interest Rate November 2026

State Bank of India advertises home loan rates starting from 7.5% per annum. For ₹50 lakh over 20 years that is an EMI of about ₹40,280 a month.

Starting rate7.5%per annum
EMI per month₹40,280₹50 lakh, 20 years
Total interest₹46,67,118over the full term
Max tenure30 yrsas stated by the bank

Source: State Bank of India official page, checked on November 2026 (2026-11-01).

Starting interest rate7.5% per annum
Effective from2026-10-15
Processing feeFestive offer: 50% waiver in processing fees (minimum ₹5,000 + GST), valid up to 31.12.2026
PrepaymentNo prepayment penalty
Maximum tenure30 years

These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.

Prepayment options (optional): pay extra to finish sooner

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EMI for popular amounts

₹20 lakh for 15 years₹20 lakh for 20 years₹20 lakh for 25 years₹30 lakh for 15 years₹30 lakh for 20 years₹30 lakh for 25 years₹50 lakh for 15 years₹50 lakh for 20 years₹50 lakh for 25 years₹75 lakh for 15 years₹75 lakh for 20 years₹75 lakh for 25 years₹1 crore for 15 years₹1 crore for 20 years₹1 crore for 25 years

Compare State Bank of India with other banks

SBI vs Bank of MaharashtraSBI vs Indian BankSBI vs Canara BankSBI vs PNBSBI vs Central BankSBI vs Federal BankSBI vs KotakSBI vs IDFC FIRSTSBI vs Axis BankSBI vs ICICI BankSBI vs HDFC Bank

Home loan calculators

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Frequently asked questions

What is the State Bank of India home loan interest rate?

State Bank of India's website advertises home loan rates starting from 7.5% per annum (checked 2026-11-01). The rate you get depends on your credit score, income and loan amount.

What is the EMI on a ₹50 lakh home loan from State Bank of India?

At the starting rate of 7.5% over 20 years the EMI is about ₹40,280 a month, with total interest of about ₹46,67,118. A higher personal rate would raise this.

What is the processing fee for a State Bank of India home loan?

State Bank of India states: Festive offer: 50% waiver in processing fees (minimum ₹5,000 + GST), valid up to 31.12.2026.

Does State Bank of India charge prepayment charges on a home loan?

No prepayment penalty. Terms can differ between floating and fixed rates, so confirm with the bank.

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