MyLoanCare is a FREE of cost service for borrowers Apply Online

Get Cashback of Upto ₹ 1,000* on Home Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online

SBI Realty Home Loan

SBI Realty Loan: Details

Last Updated 17th Sep 2021

  • You can avail SBI Realty Home Loan to purchase a plot for the construction of a dwelling unit.
  • SBI Realty Plot Rates vary based on your eligibility. The rates are in the range of 7.65 - 8.00%. Check Best Offers
  • Both Salaried and Self-employed can avail of SBI Realty Loan for loan amount upto ₹ 15 Cr
  • Apply for SBI Realty Home to avail benefits such as tax deductions, lower home loan rates etc.
  • Sbi Realty home loan eligibility varies based on factors such as age, occupation, income etc.
  • Use SBI Realty loan EMI Calculator to calculate your EMI on current rates.
Apply for Home Loan @ 6.50%* Get upto ₹ 1,000* Cashback

What is SBI Realty Home Loan?

SBI Realty Home Loan is a home loan offered to borrowers looking to purchase a plot for constructing a dwelling unit. To avail of the loan, you must, however, complete the construction within 5 years. Both salaried and self-employed professionals and non-professionals can avail of SBI Realty loan for loan amounts up to ₹ 15 Cr for a maximum tenure of 10 years.

SBI Realty Home Loan Eligibility

If you want to avail of SBI Realty Home Loan, you need to fulfil the following eligibility criteria:

ResidentIndian Resident
Minimum Age18 Years
Maximum Age65 Years
Maximum Loan Tenure10 Years
Loan AmountUpto ₹ 15 Cr

SBI Realty Interest Rates, Processing Fees and Other Charges

SBI Realty Loan Interest Rates vary from customer to customer based on eligibility, loan amount, occupation & gender etc.

Loan AmountSalaried (Male)Salaried (Female)Self-Employed (Male)Self-Employed(Female)
Upto ₹ 30 Lakh7.70%7.65%7.65%7.70%
Above₹ 30 - Upto ₹ 75 Lakh7.80%7.75%7.75%7.80%
Above ₹ 75 Lakh7.90%7.85%7.85%7.90%

Other Charges

  • Processing Fee: NIL
  • Prepayment Charges: Allowed, Nil

What are the Features of SBI Realty Home Loan?

The Key Features of the SBI Realty Plot Loan are provided below:

  • Loan Amount: You can get a loan amount ranging from to upto ₹ 15 Cr under this home loan scheme.
  • Interest Rates: SBI realty home loan interest rate 2021 are in the range of 7.65 - 8.00%.
  • Purpose: You can avail SBI realty loan to purchase a plot to construct a dwelling unit.
  • Tenure:The tenure of an SBI Realty home loan is upto 10 years, depending on your eligibility.

What are the Benefits of SBI Realty Home Loan?

With SBI Realty Loan, you can avail of the following benefits:

  • Discounted Rates for Women Borrowers
  • No Prepayment Penalty
  • Zero Hidden Charges
  • Low Rates & Processing Fees
  • Flexible repayment tenures upto 10 years
  • Concessional Rates for SBI Salary Account Holders

What are the Documents Required to Avail SBI Realty Home Loan Scheme?

You need to submit the following documents to avail SBI Realty Home Loan:

  • Proof of Identity: Voter ID Card, Passport, Driving License, PAN Card, Aadhaar Card
  • Proof of Residence: Passport, Aadhaar Card, Utility Bills, Voters ID Card.
  • Proof of Business( Only for Self-Employed)
  • Work Experience : The minimum work experience may vary in banks. However, banks prefer individuals with job stability with at least 3 years of total experience and 6-12 months of current work experience.Bank Account Statement/ Passbook for last six months.
  • Passport Size Photographs
  • Personal Assets and Liabilities Statements
  • Signature Identification

These are some of the additional documents for the SBI Realty Home Loan Scheme.

Additional Documents for Guarantor

  • Personal Assets and Liabilities Statement
  • 2 passport size photographs
  • Proof of identification
  • Proof of residence
  • Proof of business address
  • Signature identification from present bankers

Additional Documents for Salaried

  • Original Salary Certificate from employer
  • TDS certificate on Form 16 or copy of IT Returns for last two financial years, duly acknowledged by IT Deptt.

Additional Documents for Self-Employed

  • Acknowledged copies of three years of IT returns/ Assessment Orders.
  • Photocopies of challans evidencing payment of Advance Income Tax

How to Apply for SBI Realty Home Loan?

You can apply for SBI Realty Home Loan through both online & offline modes as mentioned below:

  • Online: At SBI official website or online portal like MyLoanCare
  • Offline: By visiting the Bank Branch


Can I avail SBI Realty Home Loan to purchase an apartment?

No, you can avail SBI realty home loan only to purchase a plot used for the construction of a dwelling unit.

Can borrowers avail of another home loan from SBI after taking a Realty Home Loan?

Yes, if you are an existing customer of SBI, you can avail of another home loan to construct the house on the plot financed as per the SBI plot loan scheme. In such a case, outstanding in realty account will be first liquidated through disbursement from a home loan, and the remaining amount will be disbursed for construction of house in phases linked to the stages of construction.

Do we have to pledge any collateral with SBI to avail SBI Realty Home Loan?

No, the plot of the land you purchase for the construction under the scheme is considered collateral.

Does the SBI Realty home loan scheme offer any tax benefit?

Yes, the SBI realty loan tax benefit is applicable both for principal amounts and interest payments. Therefore, you can claim a tax deduction of ₹ 1.50 Lakh & ₹ 2 Lakh on the principal amount and interest payment, respectively.

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.50%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 8.99% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 6.90%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 6.95%.

    Invest Now
Home Loan News - Sep 2021
  • 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
Please wait while your information is being processed...