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SBI Home Loan Eligibility Calculator

SBI Home Loan Eligibility in India 2021

Last Updated 07th Jul 2021

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
  • SBI home loan eligibility is dependent on factors like your age, income, property value and repayment capacity.
  • SBI calculates the amount of home loan you are eligible for using a formula that includes your net take home salary, the EMIs you have to pay and the value of property.
  • You can increase your eligibility to get a housing loan from SBI by adding earning family members as co-applicants or by applying for a longer tenure loan.
Home Loan Eligibility Calculator

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. Detailed information on these factors is mentioned in the further sections.

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 age limit to get 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 interest rate of 6.75% offered by SBI, the loan amount that you will be eligible for would be ₹ 42,91,028 to ₹ 50,36,589 depending on your age. Similarly, if your salary is ₹ 75,000, you might get eligible for a loan amount of ₹ 85,82,056 to ₹ 1,00,73,178 for the same property at the same rate depending on your age at the time of loan application. However, SBI asks for a net monthly income of ₹ 40,000 to avail a home loan.
Age Net Monthly Income (₹)
25,000 50,000 75,000
25 years50.37 Lakh75.55 Lakh1.01 Cr
30 years50.37 Lakh75.55 Lakh1.01 Cr
35 years50.37 Lakh75.55 Lakh1.01 Cr
40 years50.37 Lakh75.55 Lakh1.01 Cr
45 years47.26 Lakh70.88 Lakh94.51 Lakh
50 years42.91 Lakh64.37 Lakh85.82 Lakh

You may consider repaying any loans with short tenure and high EMI in order 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.

Home Loan Eligibility SBI based on Value of Property

  • Value of property: SBI 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.

Minimum CIBIL Score for SBI Home Loan

  • CIBIL Score: SBI considers credit score as a barometer to gauge your past credit behaviour and hence, CIBIL score becomes the most important factor to define your eligibility to get a home loan. Higher credit score increases your chances to get loan approval from SBI However, 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.

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. Minimum FOIR required to be eligible for SBI home loan is 0.65. Calculate your eligibility with SBI home loan calculator and apply for eligible loan amount hassle free.

SBI Home Loan for Women Eligibility

In the case of sole woman applicant, SBI offers a concessional home loan rate of 6.70% for women borrowers, although the eligibility criteria is the same for them. In 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.

How can I Check my SBI Home Loan Eligibility ?

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.

SBI Home Loan Schemes Eligibility

SBI Maxgain

  • The sbi maxgain home loan can be availed by salaried, professionals, self-employed businessmen.
  • Salaried individuals are required to have a minimum income of Rs 25000 with at least 2 years of work experience.
  • Self-employed applicants require a minimum business experience of five years.
  • You are expected to have a cibil score of 650 or above.

SBI Realty Home Loan

  • Home loan seekers with good cibil score of 650 and above can apply for this loan.
  • Applicants with a net annual income of up to Rs 2 lakhs can also apply, however, the EMI, in this case, should not exceed 30% of the income.

SBI Shaurya Home Loan

  • The loan can be availed by individuals serving in Army, Navy and Air force.

SBI Home Loan Top Up

  • Existing home loan borrowers are expected to have a satisfactory repayment track of at least one year.
  • Salaried and non-salaried home loan customers with a good cibil score can avail home loan top-up.

SBI Repo Rate Linked Home Loan

  • The loan can be opted by all individuals whether salaried, professionals, self employed businessmen.
  • Applicants require a minimum annual income of Rs. 6 lakh to apply for the SBI repo rate linked home loan.

Other Loan Calculators


What is the criteria to get SBI home loan?

The basic criteria to get a home loan from SBI are as following:

Age18 - 70 years
Income ₹ 40,000
Income3 years for salaried, 5 years for self-employed
Credit score650 and above

How much home loan can I get on my salary from SBI?

The amount for which you are eligible is calculated based on the FOIR and LTV. The higher your income, and the least is your fixed obligations (mostly ongoing EMIs), the higher will be your eligibility for a home loan.

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. The income criteria for self employed professionals or businessmen may vary in SBI.

Is SBI good for home loan?

The lowest interest rate provided by SBI is 6.70% which is a best rate in the market. There are no prepayment charges on floating rate based home loan. Hence, you can consider this as a good option for housing loan.

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 Income Tax Act.

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*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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