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SBI Shaurya Home Loan

SBI Shaurya Home Loan Scheme

Last Updated 24th Sep 2021

  • SBI shaurya home loan interest rate starts at 7.35% and varies based on your eligibility. Check Best Offers
  • Defence personnel can avail of this loan for an amount upto Up to 70-85% of the value of the land.
  • Apply for Shaurya Home Loan to avail benefits such as reduced home loan rates, nil processing fee etc.
  • The eligibility for SBI Home Loan varies based on factors such as age, occupation, income etc. Use the Shaurya home loan calculator to calculate your eligibility.
  • With SBI Shaurya Home Loan EMI Calculator, you can calculate your EMI on current rates.
Apply for Home Loan @ 6.50%* Get upto ₹ 1,000* Cashback

What is SBI Shaurya Home Loan?

SBI Shaurya Home Loan is a home loan product dedicated to the nation's defence personnel, including individuals working in the Army, Navy and Air force . Shaurya home loan is offered at reduced rates than the regular home loan rates, along with other benefits like zero processing fees and no hidden charges. SBI Shaurya home loan current interest rate ranges from 7.35% to 7.85%.

Features of SBI Shaurya Home Loan Scheme

The key features of the Shaurya home loan for defence personnel are:

Loan Amount

You can get a loan amount ranging from ₹ 0 to Up to 70-85% of the value of the land under this home loan scheme.

Interest Rates

SBI Shaurya home loan interest rates 2021 are in the range of 7.35%-7.85%. These rates vary based on the risk score, LTV etc.


The maximum tenure of Shaurya home loan for defence personnel is upto 30 years, depending on your eligibility.

SBI Shaurya Home Loan Eligibility

Before applying for a home loan for defence personnel, you must check the eligibility criteria for the scheme as mentioned below:

ResidentIndian Resident
Minimum Age18 Years
Maximum Age75 Years
Maximum Loan Tenure5-30 Years
Loan Amount Up to 70-85% of the value of the land

SBI Shaurya Interest Rate, Processing Fees and Other Charges

SBI shaurya home loan interest rate varies based on eligibility, loan amount, and gender. The table below mentions Shaurya home loan interest rate for different slabs:

Loan AmountSalariedSelf-Employed
Upto ₹ 30 Lakh7.35%7.50%
Above₹ 30 - Upto ₹ 75 Lakh7.60%7.75%
Above ₹ 75 Lakh7.70%7.85%

  • Processing Fee: SBI does not charge any processing fee on Shaurya home loans.
  • Other Charges: The borrower will, however, have to pay the following charges:
    • Advocate's fee for property search and title investigation report.
    • Valuer's fee for the valuation report.
    • Stamp duty payable for Loan agreement & mortgage.
    • Property insurance premium.
    • CERSAI Registration Fee of upto ₹ 100 + GST.

Documents Required for SBI Shaurya Loan

You need to submit the following documents to avail SBI Shaurya Loan:

  • Duly Filled Application Form with Passport Size Photographs
  • Proof of Identity : Voter ID Card, Passport, Driving License, PAN Card, Aadhaar Card.
  • Proof of Residence : Passport, Aadhaar Card, Utility Bills, Voters ID Card.
  • Income Proof : Salary Slip for last 3 months, Copy of Form 16 or IT Returns for last 2 financial years.
  • Account Statement : Bank Account Statements of past 6 months, Loan A/C statement for the previous 1 yr.
  • Property Papers : Allotment Letter/Stamped Agreement for Sale, Copy of Approved Plan, Registered Development Agreement of the Builder, Conveyance Deed in case of new Property.

How to Apply for SBI Shaurya?

You can apply for the SBI Shaurya Scheme online by filling the application Form at SBI official website or at an online marketplace like MyLoanCare. Furthermore, if you want to avail the home loan through offline mode, you can visit the nearest SBI branch or contact SBI customer care.

  • Low Home Loan Rates
  • No Hidden Charges
  • No Prepayment Penalty
  • Interest charges on Daily Reducing Balance
  • Repayment up to 30 years
  • Interest Concession for Women Borrowers


What is the EMI for a ₹ 10 Lakh home loan in SBI Shaurya Home Loan Scheme?

The EMI for ₹ 10 Lakh home loan in Shaurya Home Loan Scheme depends on loan tenure and interest rate. As per the current rates, the lowest EMI on ₹ 10 Lakh will be ₹ 19,967.

What is the Maximum Amount Available in the SBI Shaurya Scheme?

You can avail maximum loan of upto Up to 70-85% of the value of the land under SBI Shaurya Scheme. However, the eligibility varies based on your profile.

Is SBI Shaurya Home Loan Scheme available for Paramilitary personnel as well?

All employees of defence personnel, including military personnel and paramilitary personnel, can avail of Shaurya home loan if they fulfil SBI Shaurya loan terms and conditions.

Is there any income criteria to be eligible for the Shaurya loan scheme?

To avail Shaurya Home Loan scheme, you need to have a minimum monthly income for Salaried ₹ 25,000 and Self Employed ₹ 40,000

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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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