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How much will I save on balance transfer?
Current Loan
Loan Amount
Tenure
Rate of Interest
Installments Paid
Eg. 40
New Loan
Processing Fees
Tenure
Rate of Interest
₹1,27,468
EMI Tenure will be increased by 40 Months
Current Interest
₹7,19,577
New Interest
₹5,72,874
Current EMI Tenure
10 Years
New EMI Tenure
10 Years
Outstanding Principal ₹19,23,438
EMI ₹34671

Lower Your EMI by Transferring Your Home Loan to SBI

Are you paying high interest on your current home loan? It’s time to make the smart move with SBI Home Loan Balance Transfer.The State Bank of India (SBI) offers a hassle-free loan transfer facility, enabling you to shift your outstanding home loan from another lender to SBI and benefit from competitive interest rates, flexible repayment options, and additional top-up loan eligibility. Whether you're looking to reduce your EMI or access better customer service, refinancing your housing loan with SBI can lead to long-term savings and financial flexibility.

Key Features of SBI Home Loan Balance Transfer

  • Attractive Interest Rates Enjoy some of the lowest SBI home loan transfer interest rates, starting from 8.40% p.a. for eligible applicants.
  • Top-Up Loan Facility Need extra funds? SBI offers a top-up loan along with your balance transfer for home renovation, education, or medical expenses.
  • Zero Prepayment Penalty SBI does not charge any prepayment or foreclosure fees on floating rate home loans.
  • Flexible TenureRepay your loan at your pace with repayment periods of up to 30 years.
  • Minimal Documentation The home loan refinance process with SBI is quick and paper-light, making switching banks a smooth experience.
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Why Choose SBI for Your Home Loan Transfer?

SBI is India’s largest lender with nationwide reach and decades of trust. Here’s why thousands of borrowers choose to transfer their home loans to SBI:

  • Affordable EMIs through lower interest rates
  • Prepayment and foreclosure benefits with minimal or no charges
  • Quick processing with doorstep document collection in select cities
  • Dedicated relationship managers for personal support
  • Transparency with no hidden charges
  • Wide network of branches and digital services

SBI Home Loan Transfer Interest Rate 2025

Loan Amount Interest Rate for Salaried Interest Rate for Self-Employed
Up to ₹30 lakhs 8.40% p.a. onwards 8.55% p.a. onwards
₹30 – ₹75 lakhs 8.45% p.a. onwards 8.60% p.a. onwards
Above ₹75 lakhs 8.50% p.a. onwards 8.65% p.a. onwards

*Rates are subject to revision. Please verify the latest rates before applying.

Who Can Apply for an SBI Balance Transfer?

You can apply to transfer your housing loan to SBI if:

  • Your existing home loan is with another bank, NBFC, or HFC
  • You have completed 12 months of repayment history.
  • Your property is approved and registered with proper documentation
  • Your CIBIL score and income profile meet SBI’s underwriting norms .

    • Check your SBI home loan eligibility before starting the transfer process.

Required Documents for Home Loan Transfer to SBI

You’ll need the following:

  • Identity proof (Aadhaar, PAN, Passport)
  • Income documents (Salary slips, Form 16, ITRs)
  • Property papers (Title deed, sale agreement, NOC from builder/society)
  • Loan statement and foreclosure letter from existing lender
  • Completed SBI loan application form
  • See the full document checklist for SBI home loan to prepare in advance.

How to Transfer Your Home Loan to SBI: Step-by-Step Guide

  • 1. Check Eligibility Use SBI’s home loan eligibility calculator or speak to a bank representative.
  • 2. Apply Online or Offline Submit your application via the official SBI portal or visit your nearest branch.
  • 3. Submit Documents Upload or hand over required documents for property and financial verification.
  • 4. Loan AssessmentSBI will assess your repayment record, property value, and documentation.
  • 5. Loan Sanction and Disbursement Once approved, SBI pays off your existing lender directly and you start paying EMIs to SBI.
  • 6. Top-Up Loan (Optional) If approved, a top-up loan can be disbursed along with your balance transfer.

Apply Now to Transfer Your Home Loan to SBI

Ready to save on interest and simplify your home loan experience? Apply today for an SBI Home Loan Balance Transfer and join the millions of homeowners benefiting from lower EMIs, easy top-up access, and personalized service.
Use our Home Loan EMI Calculator to estimate your new repayment and begin your transfer process today.
Apply Now or visit your nearest SBI branch to get started.

 

Frequently Asked Questions

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Yes, if SBI offers a lower interest rate than your current lender, you can reduce your EMIs and total interest outgo.
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Yes. Based on your repayment history and income profile, SBI offers top-up loans with minimal additional paperwork.
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Typically, 7 to 15 working days, depending on documentation and verification timelines.
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SBI charges a nominal processing fee, which may be waived during special campaigns.
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Yes, joint applicants can apply, provided both meet SBI’s eligibility norms.