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SBI is one of the most trusted banks for personal facilities. It is an Indian multinational public sector banking and financial services. SBI established on 1 July 1995 and their headquarters in Mumbai. State Bank of India with a 200 year history is the largest commercial bank in India. In terms of assets, deposits, profits, branches, customers and employees SBI is the largest bank. The government of India is the single largest shareholder of this fortune 500 entity with 6158 percent ownership. SBI was ranked 60th in the list of top 1000 banks in the world by “the banker” in July 2012.

Upgrading homes, be it by selling off the current house or by renovating a certain section, is a dream to many. On the way to making it come true, the shortfall of money can shake the whole idea. SBI Bridge home loan helps you bridge the gap between the available funds and the required funds by availing financing the amount that is needed to make your idea come to life. With the loan amount of up to Rs 2 crore at low interest rates and the repayment tenure of up to 2 years, you can avail the SBI Bridge home loan to construct the home of your dreams.

Home Loan is offered to individuals who wish to purchase or construct a house. The property is mortgaged to the land or as a security till the repayment of the loan.

Fee and Charges of SBI Bank Bridge Home Loan

Rate of Interest

9.50% per annum in 1st tenure year

10.50% per annum in 2nd tenure year

Processing Fee

0.35% + the applicable taxes (Minimum Rs 5,000 + applicable taxes

Loan Amount 

Ranges from Rs 20 lakhs to Rs 2 Crores

Prepayment/Foreclosure Charges


Loan Tenure

Up to 2 years

SBI Bank Bridge Home Loan Features and Benefits

Here are the key features and benefits of SBI bank Bridge home loan:

1. Interest Rate : The SBI Bridge home loan comes at competitively low interest charges on loan. The rate of interest on this type of SBI home loan is based on daily reducing balance. Generally the charges range from 9.50% per annum to 10.50% per annum for first and second year of tenure respectively. 

2. Processing Fees and Other Charges : The processing fee charged for SBI Bridge home loan is 0.35% of the loan amount along with the applicable taxes. The minimum amount for processing fee is Rs 5,000 plus the applicable taxes. Apart from that, other charges on the State Bank Bridge home loan are comprised of:

  • Pre-sanction 
    • Fee for valuation report 

    • Fee to advocate for property search and investigation report

  • Post-sanction
    • CERSAI Registration Fee: Rs 50 plus GST (limits up to Rs 5 Lakh); Rs 100 plus GST (limits more than Rs 5 Lakh.

    • Fee for stamp duty for loan agreement & mortgage

    • Insurance premium for property

3. Prepayment Charges : You will not be charged any fee/penalties if you prepay the loan amount before the tenure ends and close it. Thus, if you have sufficient amount to repay the SBI Bridge home loan amount without availing the entire tenure then you can do it and close the loan. This will only save you from interest charges. 

4. No Hidden Charges : The SBI Bridge home loan won’t come imposing any hidden charges on you. 

5. Repayment Tenure : If you avail the SBI Bridge home loan, the bank will avail you up to 2 years of repayment tenure within which you can repay your SBI home loan. 

6. Easy Application and Approval Process : It is seamless to apply for an SBI bank Bridge home loan. SBI home loan offers easy application and documentation and provides quick approval. 

7. Application Tracker : The SBI Bridge home loan status can be tracked online and therefore, you need not wonder about the whereabouts of your loan application.

Required Eligibility for SBI Bridge Home Loan

Here is the eligibility criteria for SBI Bridge home loan:

  1. The applicant should be a salaried or self employed individual.

  2. The minimum age of the applicant should be 18 years.

  3. The maximum age of the applicant should not exceed 70 years. 

  4. The applicant should be a resident of India. 

Documents Required for SBI Bridge Home Loan


Salaried Individuals

Self Employed Individuals

Identity Proof

Aadhar Card, Passport, Driving Licence, Voter ID Card

Aadhar Card, Passport, Driving Licence, Voter ID Card

Address Proof

Passport, Voter ID Card,  Recent Utility Bill such as Electricity Bill, Water Bill, Telephone Bill

Passport, Voter ID Card,  Recent Utility Bill such as Electricity Bill, Water Bill, Telephone Bill

Income Proof

Salary Slips, Bank Statement, Form 16, Salary Certificate

IT returns, Bank Statements, Challans Showing Payment of Advance Income Tax

Property Papers

Permission for Construction, Allotment Letter, Stamped Agreement for Sale, Property Tax Receipt

Permission for Construction, Allotment Letter, Stamped Agreement for Sale, Property Tax Receipt

Other Documents

Passport-size Photographs, Application Form

Passport-size Photographs, Application Form

How to Calculate SBI Bridge Home Loan EMI by Official Website

Knowing the amount of EMI you are going to pay every month for a loan helps you restructure your budget and also, determine the tenure. If you want to calculate the SBI Bridge home loan EMI, here are the steps you need to follow:

  1. Go to the official web portal of State Bank of India.

  2. Hit the “Home Loans” option in the “Loans” section.

  3. Find and click the “Calculator” option from the top.

  4. Input the loan amount, rate of interest and repayment tenure in years.

  5. You will now be able to view the EMI.

SBI Bridge Home Loan Application Tracker

If you wish to know the status of your SBI home loan application then you can contact the SBI customer service and enquire about the home loan application status.

Alternatively, you can follow these steps and check the loan application status online:

  1. Visit the official website of SBI.

  2. Click the “Home loans” option from the “Loans” section. 

  3. On the home loan page, you have to click the “Application tracker” option at the right side. 

  4. Now, fill the required fields such as reference number and your registered mobile number. 

  5. Hit the “Track” button. 

Compare other bank home loan interest rates



AXIS Bank Asha Home Loan

Starts at 10.05% onwards 

AXIS Bank Shubh Aarambh Home Loans

Starts at 7.75% onwards

AXIS Bank Fast Forward Home Loans

Starts at 7.75% onwards

AXIS Bank Home Loan

7.75% to 9.40%

AXIS Bank Empower Home Loan

Start at 9.55% onwards 

AXIS Bank Super Saver Home Loan

8.15% to 8.30%

AXIS Bank TopUp Loan

8.90% to 9.15%

SBI NRI Home Loan

6.95% onwards

SBI Flexipay Home Loan

7.40% onwards 

SBI Privilege Home Loan

6.95% onwards 

SBI Regular Home Loan

6.95% onwards 

SBI Shaurya Home Loan

6.95% onwards 

SBI Pre-approved loan

6.95% onwards 

SBI Realty Home Loan

7.65% onwards

SBI Home Top Up Loan

7.90% onwards

SBI Tribal plus Home Loan

6.75% onwards

SBI Earnest Money Deposit

10.45% onwards

SBI Reverse Mortgage Loan

8.05% onwards

SBI CRE Home Loans

7.45% onwards 

HDFC Bank Home Loan

6.95% to 7.50%

Kotak Mahindra Bank Home Loan

7.40% to 9.70%

Yes Bank Home Loan

9.60% to 10.55%

Citi Bank Home Loan

7.34% to 8.29%

ICICI Bank Home Loan

6.95% to 8.05%

Standard Chartered Bank Home Loan

Starting at 8.71%

IDBI Bank Home Loan

7.80% to 8.80%

RBL Bank Home Loan

9.75% to 10.05%

HSBC Bank Home Loan

8.55% to 8.655

HSBC Bank Smart Home Loan

11.005 to 11.505

IndusInd Bank Home Loan

8.00% to 15.00%

Bank of Baroda Home Loan

6.85% to 7.75%

Bank of India Home Loan

6.85% to 7.755

Canara Bank Home Loan

6.90% to 8.90%

Indian Bank Home Loan

7.55% to 8.40%

Punjab National Bank Home Loan

Starting at 7.00%

Other products of SBI Bank 

1. SBI New Car Loan Scheme

2. SBI Loan Against Properties

3. SBI Personal Loan

How to Apply for SBI Bridge Home Loan

Here are two ways to apply for SBI Bridge home loan:

  1. Apply Offline : To apply for a SBI Bridge home loan offline, all you need to do is visit the nearest branch of SBI bank. Remember to collect all the required documents to submit at the time of loan application. You can meet the official at the bank and ask them to assist you with a State Bank Bridge home loan application.

  2. Apply Online : Applying for a loan has never been easier. Thanks to the comforts present online, the SBI Bridge home loan application can be submitted quickly and easily. You need to follow these simple steps in order to apply for State Bank of India Bridge home loan online:

  3. Visit the official website of State Bank of India.

  4. Tap the “SBI Home Loans” at the top right corner. 

  5. Now, on the “Our Products” section, you have to find and click on the “Bridge Home Loan” type of loan.

  6. Hit the “Apply Now” button at the bottom. 

  7. You will now see an application form on the page which you have to fill.

  8. Input all the information required in the application. 

SBI Contact Information

In case of any queries, complaints or any feedback regarding the SBI home loans, you can reach out to the customer service provided by the bank.

Here is the way to reach the SBI customer helpline:

Toll-free: 1800 11 2018

How to Calculate SBI SBI Bridge home loan

The following formula is used to calculate EMI of SBI  Bridge Home Loan :

EMI = [PXRX(1+R)^N] / [(1+R)^N-1]


  • P stands for Loan Amount
  • R stands for Interest Rate
  • N stands for tenure in number of months 

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FAQs On SBI Bridge Home Loan

1. Can I know the status of my SBI home loan application?

Yes, you can track the status of your SBI home loan status. To check the status of your SBI loan, you can simply contact the customer service and ask the executive. Alternatively, you can go to the official website of the bank and use the Application tracker. 

2. What are the interest rates for SBI Bridge home loan?

The interest rate on SBI Bridge home loans are accumulated on daily reducing balance. The rate of interest ranges from 9.50% per annum to 10.50% per annum.

3. What is the maximum loan amount I can avail on SBI Bridge loan?

You can avail the loan amount of up to Rs 2 crores for SBI Bridge home loan. 

Last Updated on : 10/Mar/2021

Know More About

Sbi Bridge Home Loan

You're eligible for a Sbi Bridge Home Loan if you:

Are legally adult enough to handle it

Have still got it

Get a regular pay check

Make more than a basic buck

Your eligibility depends on:

Earn more than minimum income required

Maximum allowed Home Loans is Rs. 10K to Rs. 45 lakhs

EMIs of other loans loweryour eligibility

Boost your eligibility by:

Pay off your credit card bills

Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Sbi Bridge Home Loan Interest Rates

Updated on 25 Nov 2017

Sbi Bridge Home Loan Details
Interest Rate (Monthly reducing balance) 9.5% - 10.5%
Processing Fees 0.40% of the loan amount plus applicable GST subject to a minimum Rs.10000 and Maximum Rs.30000 plus GST
Loan Tenure 1 year to 2 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

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