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SBI Home Loan Eligibility Calculator

Home Loan Eligibility Calculator SBI 2022

Last Updated 17th Jan 2022

Eligibility CriteriaSBI Home Loan
Eligible Age of Borrower18 - 70 years
Minimum Eligible Income ₹ 40,000 and above
Work Experience for Salaried2 years
Business Stability for Self Employed5 years
CIBIL Score650 and above
Home Loan Eligibility Calculator

What is SBI Home Loan Eligibility?

SBI offers various home loan schemes and offers at affordable rates to eligible customers whether salaried or self-employed. SBI housing loan eligibility is based on factors like age, salary, occupation, property type and credit score. These criteria may vary from customer to customer based on your eligibility. For instance, to avail SBI Flexipay Home Loan, the maximum age to apply for this loan is 45 years. You can determine your eligibility using the SBI home loan eligibility calculator based on the parameters mentioned above.

How is Home Loan Eligibility Calculated by SBI?

SBI Housing loan eligibility is primarily dependent on income and repayment capacity. Other factors that may impact the eligibility of home loans are age, financial position, credit history, credit score, other financial obligations etc.

SBI Home Loan Eligibility Based on Age

  • Age: Your age plays an important role in determining your eligibility and repayment capacity for home loan. Lower your age, higher will be the time period available to repay the loan, and hence higher home loan amount eligibility. The minimum SBI home loan age limit to get a SBI home loan is 18 years at the time of loan commencement and maximum age limit is 70 years. SBI offers home loans for a maximum period of 30 Years subject to the condition that the borrower’s age at the end of the tenure must not exceed 70 of tenure.

SBI Home Loan Eligibility Based on Salary

  • Net income: Your net monthly income determines how much SBI home loan EMI you are capable of paying after meeting all the living expenses based on your standard of living. For instance, if your salary is ₹ 25,000 then at an interest rate of 6.70% offered by SBI, the loan amount that you will be eligible for would be ₹ 43,07,887 to ₹ 50,62,582 depending on your age. Similarly, if your salary is ₹ 75,000, you might get eligible for a loan amount of ₹ 86,15,773 to ₹ 1,01,25,165 for the same property at the same rate depending on your age at the time of loan application. The table below mentions SBI home loan criteria for salaried persons based on their age:
Age Net Monthly Income (₹)
25,000 50,000 75,000
25 years50.63 Lakh75.94 Lakh1.01 Cr
30 years50.63 Lakh75.94 Lakh1.01 Cr
35 years50.63 Lakh75.94 Lakh1.01 Cr
40 years50.63 Lakh75.94 Lakh1.01 Cr
45 years47.47 Lakh71.21 Lakh94.94 Lakh
50 years43.08 Lakh64.62 Lakh86.16 Lakh

You may consider repaying any loans with short tenure and high EMI to increase your SBI home loan eligibility.

  • Nature of employment: SBI will check whether you are salaried or self-employed and the company and sector in which you are working. It also looks at your years of experience to check for job and income stability. SBI requires minimum income history and job stability of more than 2 years for salaried individuals and of 5 years for self-employed individuals.

SBI Home Loan Eligibility for Self Employed

If you are self-employed, you need to follow the eligibility criteria as mentioned below:

  • Minimum Age: 18 years
  • Maximum Age: 70 years
  • Loan Amount: ₹ 25 Lakh - ₹ 7 Cr
  • CIBIL Score: 650 and above

In addition to the above criteria, if you are working in a company as a partner or proprietor or one of the Directors, the company should have existed for a minimum of three years. In addition, the company should have earned a net profit in the last two years. Further, if the proposed property is acquired in the joint names of the proprietary firm and the proprietor, the company should be debt-free or an existing bank borrower.

Home Loan Eligibility SBI based on Value of Property

  • Value of property: SBI Bank does not finance the entire property value. The maximum home loan eligibility would depend upon the value of the property as shown below:
Property Value LTV
Less than 30 Lakh90%
Between 30 Lakh and 75 Lakh80%
Above 75 Lakh75%
  • Property documents: Your property’s legal documents should be satisfactory and be cleared by the SBI's legal team.

The housing loan eligibility calculator of SBI can be a useful tool to assess your eligibility for the loan.

SBI Housing Loan Eligibility Calculator based on FOIR

FOIR (Fixed Obligation to Income Ratio) is an important parameter used by SBI to determine your home loan eligibility. SBI considers all your fixed obligations like current EMIs into account while estimating your eligibility. The minimum FOIR required to be eligible for an SBI home loan is 0.65. Calculate your eligibility with the SBI home loan calculator and apply for the eligible loan amount hassle-free.

SBI Home Loan Eligibility for Women

In the case of a sole woman applicant, SBI offers a concessional home loan rate of 6.65% for women borrowers, although the eligibility criteria are the same for them. In the case of a joint home loan, the woman borrower also needs to be the co-owner of the property and should have a good credit history to get the joint home loan application passed for concessional rates.

Minimum CIBIL Score for SBI Home Loan

SBI considers credit score as a barometer to gauge your past credit behaviour, and hence, CIBIL score becomes the most important factor in defining your eligibility to get a home loan. A higher credit score increases your chances to get loan approval from SBI. However, a low CIBIL score reduces your chances to get a home loan. SBI requires a minimum credit score of 650 to be eligible for a home loan.

How to Enhance SBI Home Loan Eligibility?

You can enhance the SBI home loan eligibility using the tips mentioned below:

  • Add an earning family member as a co-applicant.
  • Ensure a steady income flow, regular savings and investments.
  • Provide details of your regular additional income sources.
  • Track your variable salary components.
  • Take actions to rectify errors (if any) in your credit score.
  • Repaying ongoing loans and short term debts.

How to Use SBI Home Loan Eligibility Calculator?

To check SBI home loan eligibility perform the following steps:-

  • Go to the SBI website
  • Now navigate to the option SBI home loan
  • To check eligibility criteria use a home loan eligibility calculator.
  • Fill the required details like loan amount required, salary, age etc.

Also, you can contact the bank by calling on their customer care number 180-011-2211/ 1800-425-3800.

Factors Affecting SBI Home Loan Eligibility

SBI home loan eligibility is determined on the factors as mentioned below:

  • Age of the applicants and co-applicants
  • Income Sources
  • Property’s Value (LTV)
  • CIBIL Score
  • Occupation


What is the minimum salary to get home loan from SBI?

The minimum salary required to avail home loan from SBI is ₹ 40,000 for salaried borrowers. However, the income criteria for self employed professionals or businessmen may vary in SBI.

Does adding a co-applicant increase housing loan eligibility?

Yes, adding a co-applicant with an independent income source increases housing loan eligibility significantly. By doing so, you will be able to get a higher loan amount, and also, both of you can save on taxes under the Income Tax Act.

How does SBI calculate the home loan amount eligibility?

SBI calculates the amount of home loan you are eligible for based on factors such as net take-home salary, the EMIs you have to pay, and property value. Also, SBI home loan eligibility for salaried persons may be different from SBI home loan salary eligibility for self-employed.

What is the maximum age to avail of a home loan?

The maximum age limit for home loans in SBI is 70 years. Therefore, if you are near the retirement age, your chances of approval of an SBI home loan is less, and similarly, young applicants tend to get the home loan easily.

Is using Home Loan Eligibility Criteria important?

It is essential to calculate the home loan eligibility before availing of a home loan to reduce your chances of home loan rejection. In addition, knowing about eligibility criteria is crucial to determine the maximum funds you can avail of.

What is the minimum home loan amount for the self-employed in SBI?

You can avail minimum home loan amount of ₹ 25,00,000. However, the eligibility for the same depends on multiple factors, including LTV, CIBIL, age and income.

How can I check my SBI home loan eligibility?

You can check SBI home loan eligibility criteria using the SBI home loan eligibility calculator 2021. It is an online tool that calculates the amount you can borrow based on multiple factors. These factors include age, income, property’s value etc. In addition, you can also check the eligibility for SBI home loans using the online MyLoanCare home loan eligibility calculator.

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SBI Home Loan News - Jan 2022
  • 2021-09-17 : SBI Bring Down Home Loan Interest Rate
    State Bank of India (SBI) has slashed home loan interest rate by 45 bps (basis points). A customer whose cibil score is above 800 can get a home loan at a lowest rate of 6.70% and whose score is in between 750-800 will get a loan at a rate of 6.80%.
  • 2021-08-13 : SBI offers ZERO processing fees on home loans
    State Bank of India (SBI) is offering zero processing fees on home loans. This is an Independence day offer by the bank as they want to help its customers achieve freedom from rent.
  • 2021-07-07 : SBI offers to revamp loans for personal segment borrowers
    State Bank of India (SBI) has announced offering restructuring of loans to its eligible personal segment borrowers who availed personal loans, home loans, loans against property, Xpress credit, education loans and auto loans before April 1, 2021.
  • 2021-06-18 : SBI kept its Marginal cost of lending rates unchanged
    State Bank of India kept its MCLR rate unchanged with effect from 15 June 2021. The overnight and one-month MCLR is 6.65%. The three months and six months MCLR is 6.65% and 6.95%, respectively. MCLR for one year, two years and three years stand at 7%, 7.20% and 7.30%, respectively.
  • 2021-05-21 : SBI net profit rises 81% YoY
    State Bank of India’s quarterly net profit rose 81% year-on-year to Rs 6,451 crore for the three months ended March. The bank’s total domestic advances rose 5.67% year-on-year to Rs 21.82 lakh crore. Retail advances which include home, LAP, personal, two-wheeler, car, gold, education and doctor loan stood at Rs 8.7 lakh crore. Further, total domestic deposits for SBI which include FD and RD rose 14.26% from a year ago to Rs 35.7 lakh crore. The current account and savings account deposits rose 16.73% year-on-year to Rs 16.47 lakh crore.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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