SBI Home Loan Eligibility Calculator 

SBI Home Loans start at just 6.90% interest per annum and come with numerous benefits. However, it is important that you check with State Bank of India before you apply for a Home Loan to ensure that your application is not rejected for some reason. Below we’ve noted down a few basic criteria that the bank requires an applicant to fulfil for a Home Loan.

SBI Home Loan Eligibility Criteria 

Resident Type Indian Resident 
Employment Type Salaried and Self-Employed 
Minimum Age 18 years 
Maximum Age 70 years 
Other Criteria Should have a regular source of income 
Should have a good credit score 


 Here are few criteria a borrower needs to meet to get an SBI Home Loan: 

  • Age: For a Home Loan, SBI requires that the applicant meet the minimum age requirement of 18 years during the loan application and the maximum age of 70 when the loan matures. 
  • Income: Salaried and self-employed individuals can avail of an SBI Home Loan. Minimum income criteria set by the bank are to be met in order to avail an SBI Home Loan.  
  • Credit Score: The bank requires that the applicant have a good credit score. A good score is generally above 700. The applicant must also not have any payment default in their credit history. 
  • Resident Type: Every applicant must be an Indian resident for an SBI Home Loan. The bank offers a number of schemes to suit the different requirements for borrowers. Every scheme comes with their own set of eligibility criteria. 

Eligibility for Different SBI Home Loan Schemes 

Below are the eligibility criteria for different home loan schemes by State Bank of India. 

SBI MCLRlinked Home Loan Eligibility 

  • Resident Type: Indian Resident 
  • Minimum Age: 18 years 
  • Maximum Age: 70 years 
  • Eligible Loan Amount: Depends on the loan applicant’s credit profile 

SBI RLLRlinked Home Loan Eligibility 

  • Resident Type: Indian Resident 
  • Minimum Age: 18 years 
  • Maximum Age: 70 years 
  • Minimum Income: Gross Annual Income should be at least Rs.6 lakhs 

SBI Shaurya Home Loan Eligibility 

  • Resident Type: Indian Resident 
  • Minimum Age: 18 years 
  • Maximum Age: 75 years 

SBI Flexipay Home Loan Eligibility 

  • Resident Type: Indian Resident 
  • Minimum Age: 21 years 
  • Maximum Age: 45 years to apply for loan and up to 70 years for loan repayment 

SBI Realty Home Loan Eligibility 

  • Resident Type: Indian Resident 
  • Minimum Age: 18 years 
  • Maximum Age: 65 years 

SBI Privilege Home Loan Eligibility 

  • Resident Type: Indian Resident 
  • Minimum Age: 18 years 
  • Maximum Age: 75 years 
  • Loan Tenure: Up to 30 years 
  • Eligible Loan Amount: Depends on the loan applicant’s credit profile 

SBI Home Top Up Loan 

  • Resident Type: Indian Resident 
  • Minimum Age: 18 years 
  • Maximum Age: 70 years 

SBI Bridge Loan Eligibility 

  • Resident Type: Indian Resident 
  • Minimum Age: 18 years 
  • Maximum Age: 70 years 

SBI Smart Home Top Up Loan Eligibility 

  • Resident Type: Indian Resident 
  • Minimum Age: 18 years 
  • Maximum Age: 70 years 
  • CIBIL Score: 550 or above 
  • Regular repayment track record of 1 year or more 
  • No other Home Top up should be active 

SBI Corporate Home Loan Eligibility 

  • The corporate entities should: 
  • be the bank’s existing borrower or a debt-free company 
  • be in the same line of business for at least 3 years 
  • have earned uninterrupted net profit in the last 3 years 
  • The company’s existing loan accounts (if any) should be regular and standard. The loan accounts also should not have been restructured during the last 3 years. Opinion Report will be obtained from the existing Bankers if any 
  • ECR of BBB and better for units having total exposure of Rs.10 crores and above 
  • CRA of SB-8 & better in respect of both existing SME/C&I customers and new customers 
  • CRA will be arrived at based on the latest audited Balance Sheet 
  • SPV/Subsidiary of Corporate Entities will also be eligible for availing loan under this scheme provided: 
  • The Parent Company fulfills the abovementioned eligibility norms 
  • The Parent Company agrees to stand as a Guarantor for Home Loan 
  • The estimated cash flow of the SPV/ Subsidiaries is sufficient to repay the EMIs or the Parent Company gives an undertaking to Service the Home Loan in addition to guaranteeing the loan. 

SBI Insta Home Top Up Loan Eligibility 

  • Existing home loan customer with minimum home loan limit of Rs.20 lakhs with Internet banking facility
  • CIBIL Score: 550 or above
  • Regular repayment track record of 3 years or more
  • No other Home Top up or Insta Home Top up loans should be active

SBI Home Loan to Non-Salaried Eligibility 

  • Resident Type: Indian Resident 
  • Given that the applicant is a Proprietor of a Proprietorship firm or is one of the partners in a Partnership Firm or is one of the Directors in a Company, the firm/Company: 
  • Should be in existence for the last 3 years 
  • Must have earned Net Profit in the last 2 years 
  • Existing Credit Facilities, if any, should be Regular and Standard. Opinion Report in this regard will be obtained from existing Bankers 
  • Given that the proposed House Property is acquired in joint names of the Proprietor and the Proprietary Firm, the firm should be an existing borrower or a debt-free entity. 
  • Minimum Age: 18 years 

SBI CRE (Commercial Real Estate) Home Loan Eligibility 

  • Resident Type: Indian Resident 
  • Minimum Age: 18 years 
  • Maximum Age: 70 years 

SBI Tribal Plus Eligibility 

  • Resident Type: Indian Resident 
  • Minimum Age: 21 years 
  • Maximum Age: 60 years 

SBI Earnest Money Deposit Eligibility 

  • Resident Type: Indian Resident 
  • Minimum Age: 21 years 

Eligibility Calculation for SBI Home Loan  

You can check your SBI Home Loan eligibility with the Fincity Home Loan Eligibility Calculator. Simply enter basic details such as your income, loan tenure, city and interest rate to find out how much SBI Home Loan you qualify for.

Factors Impacting SBI Home Loan Eligibility 

Your eligibility for an SBI Home Loan is influenced by certain number of factors decided by the lender. Here are the key ones: 

  • Credit Score: A longer credit history with well-managed credit is more encouraging for a lender. Credit discipline is preferred.
  • Income: SBI looks into your total income to understand if you have the repayment capacity to tackle the Home Loan EMIs.
  • Age: Lenders prefer younger applicants since they have more service years left to earn and repay the Home Loan than someone who is nearing retirement.
  • Work Experience and Job Stability: A bank like SBI generally prefers a borrower with a certain amount of job stability and with a stable source of income.
  • Current Obligations: A higher debt indicates a lower capacity to handle your Home Loan EMIs. An applicant needs to meet repayment capacity standards set by the bank.
  • Employer Recognition and Employment Type:  Lenders prefer Home Loan candidates who work with reputed organizations over lesser-known ones. It is also easier to get a Home Loan if you are salaried with a regular source of income rather than self-employed.
  • Characteristics of Property: The lender evaluates characteristics of the property such as their age, title and location. It’s important that the property is situated in the bank’s listed locations.

How to Improve Your SBI Home Loan Eligibility 

  • Improve your credit score – Being disciplined with your finances lead to a better credit score. A good score is generally above 700, and getting a good score will improve your chances of getting a Home Loan at a low rate. 
  • Opt for a longer tenure – Choosing a longer loan tenure will lower your Home Loan EMI amounts and make it easier for you to handle every month. This will make it easier for a lender to give you a Home Loan. However, note that a longer tenure also increases the loan’s overall interest payout.  
  • Reduce existing Debts  A lender will look into your Debt-to-Income ratio before approving your Home Loan application. A DTI of over 50% is likely to reduce your chances of getting a Home Loan. Therefore, make sure to pay off at least some of your current debts. 
  • Get a co-applicant – When you opt for a joint Home Loan, the lender takes into account the co-applicant’s credit score and income as well. If your co-applicant has a good credit score and a good income, it will encourage the lender to offer you a Home Loan at a competitive rate. 
  • Pay higher down payment – Loan-to-value (LTV) ratio is another factor that determines your eligibility. If you want ensure that you qualify for a Home Loan, make a higher down payment and bring down your LTV ratio. This will lead to a lesser loan amount and increase your chances of getting a Home Loan. 

How to Apply for SBI Home Loan Online 

You can easily apply for an SBI Home Loan online. Here’s how: 

  • Visit the SBI official website and choose the scheme you want to opt for. Click the Apply Now button.
  • Fill in your personal, financial, professional and property related details as required and submit the application.
  • The lender will go through the information you provided and evaluate your eligibility for a Home Loan.
  • Once the lender informs you on the amount you may be eligible for, you may proceed with submitting all your documents online for loan processing.
  • Once the documents are reviewed and the Home Loan is approved, the loan amount is disbursed into your SBI account.

You can also visit an SBI bank branch directly to apply for a Home Loan. Once you submit the application, you will be given a reference number. You can use this unique number to track the status of your application.


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