Public sector bank
State Bank of India
The country's largest bank and largest home loan lender, with a nationwide branch network and strong public sector employee programmes.
Best for: Government employees, home buyers seeking the lowest published rates, and education loan applicants.
Apply with pre-screening
We check your profile against SBI's policy and others on the panel before any application.
Typical strengths
- India's largest home loan lender
- Concessional rates for government and defence employees
- Low processing fees on education and gold loans
Interest rates, fees and eligibility shown on this site are indicative, vary by lender and borrower profile, and are subject to change without notice. Always read the lender's Key Fact Statement (KFS) before signing. Loan approval and terms are decided solely by State Bank of India under its credit policy.
Products
What we arrange with SBI
- Personal Loan
- Home Loan
- Car Loan
- Education Loan
- Gold Loan
- Business Loan
- Working Capital - OD / CC
- Home Loan Balance Transfer
Personal Loan
Collateral-free personal loans from ₹50,000 to ₹50 lakh at rates starting around 10.25% p.a., with disbursal typically within 48 hours of approval.
- Rate from
- 10.25% p.a.
- Up to
- ₹50 L
Home Loan
Home loans from ₹5 lakh to ₹10 crore at floating rates from about 7.35% p.a., with up to 90% funding and tenures up to 30 years, across banks and housing finance companies.
- Rate from
- 7.35% p.a.
- Up to
- ₹10 Cr
Car Loan
New car loans covering up to 100% of on-road price at rates from about 8.5% p.a., with tenures up to 7 years, across banks and captive finance companies.
- Rate from
- 8.50% p.a.
- Up to
- ₹2 Cr
Education Loan
Education loans for studies in India and abroad, from ₹2 lakh to ₹1.5 crore, at rates from about 8.5% p.a., with moratorium during the course and tenures up to 15 years.
- Rate from
- 8.50% p.a.
- Up to
- ₹1.5 Cr
Our read
Where SBI fits
State Bank of India is the default comparison point for home loans, and for good reason: the published rates are hard to beat and concessional schemes exist for government, defence and public sector employees that no private bank matches. If you work in any of those, this should be on your shortlist before anything else.
The trade-off is process. A branch-led file moves at the pace of the branch, and documentation is checked thoroughly. For an education loan or a home loan where the rate matters more than the timeline, that is a fair exchange. Where you have a booking deadline in weeks, we will tell you honestly whether it can be met.
Worth knowing
- Turnaround is generally slower than at a private bank or a housing finance company, so build the timeline into your booking plan.
- Service quality varies by branch more than it does at a centralised lender, and the branch handling your file is not always yours to choose.
Our assessment, not a statement of State Bank of India’s policy. Terms are set by the lender and can change.
Questions
SBI: common questions
Do government employees really get better terms?
Concessional schemes for government, defence and public sector staff are a long-standing part of the bank's offering. Whether one applies to you depends on your employer and the current scheme, which we confirm before applying.
Is an SBI home loan worth the slower process?
If the rate matters more than the timeline, frequently yes. If you have a booking deadline in weeks, we will tell you plainly whether it is realistic and offer a faster alternative if it is not.
Why are education loans often placed here?
Public sector banks have long-established education loan schemes and are generally the most economical route, particularly for study in India. We compare the total cost including any subsidy you qualify for.
Compare
Other public sector banks on the panel
The best lender for you depends on your profile. We compare before you apply.
Is SBI the right lender for you?
Share your requirement and we will compare it against the whole panel, at no cost and with no bureau enquiry.