Apply for SBI Home loan on EBLR Basis @ 8.50% Interest Rates 2024

SBI claims to offer “cheapest home loan” with interest rate of 8.50% (EBLR (9.15%) as RBI’s repo rate linked home loan. This rate will be applicable to all existing and new loan from 2024.

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SBI Home Loan Interest Rates on EBLR

Particulars Interest Rates
EXTERNAL BENCHMARK RATE (EBR) 9.15%
Spread other than credit risk premium
Credit Risk Premium Provided as revised interest rate structure
EXTERNAL BENCHMAR BASED LENDING RATE (EBLR) 9.15% + CRP

India’s biggest bank State Bank of India (SBI) has announced special offerings ahead of this festive season for retail customers across different product categories: auto/car loan, personal loan, education loan and home loan.

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Top Banks for Home Loans in India
Banks Interest Rates
SBI 8.60% - 9.65%
HDFC Bank 8.50% - 9.40%
ICICI Bank 9.00% - 9.10%
LIC Housing Finance8.50% - 10.50%
PNB Housing 8.50% - 10.95%
Axis Bank 8.75% - 9.15%
Bank of Baroda 9.15% - 10.50%
Canara Bank 8.90 %- 11.25%
Aadhar Home loan N.A