SBI Home Top Up Loan: Interest Rate, Eligibility, Processing & Customer Care

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SBI HOME TOP UP LOAN

SBI Home Top Up Loan Details 

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.

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.

Salaried and Non salaried Indian residents and NRIs are availed to take SBI Home Top Up Loan. This loan can be taken to meet the urgent requirements of the customers to borrow a certain amount over and above their home loan amount. The customer who already took home loan from SBI Bank and needs more amount, they can opt for home top up loans. It is availed for personal purposes. Customers have a satisfactory repayment track record of 1 year or more, after completion of moratorium period.

Benefits of SBI Home Top Up Loan 

1. Interest concession for women borrowers

2. Low rate of interest start at 7.90% onwards

3. No prepayment penalties 

4. No hidden charges 

5. Home loan overdraft facility available

6.Repayment tenure upto 30 years 

7. It is offered to both salaried and non salaried employees

8. Must be an Indian Resident and NRIs

9. Interest charges on daily reducing balance

10. Low processing fee

Fee and Charges of SBI Home Top Up Loan 

To apply for a home loan you have to pay fees and charges applied by the SBI Top Up. It covers all charges and fees made by a bank to their customers. The following charges are taken from SBI Home Top Up Loan i.e. processing fee, prepayment charges and CERSAI Registration charges etc.

TYPE 

CHARGES

Processing fee 

0.40% of the loan amount plus applicable GST subject to a minimum Rs.10000 and Maximum Rs.30000 plus GST

Prepayment charges 

NIL

CERSAI Registration charges

Rs.50  plus GST for loan upto Rs.5 lakh

Rs.100 plus GST for loan above Rs.5 lakh

Eligibility Criteria for SBI Home Top Up Loan 

Before applying for a home loan from SBI Top Up you should fulfil all basic eligibility criteria as prescribed by the bank. For the SBI Home Top Up Loan application is for the salaried and non salaried employees are eligible to take a loan. You will get your loan amount very soon if you meet all the required eligibility criteria once the documentation is done.

ELIGIBLE 

Salaried and Non salaried Indian Resident

AGE 

18 years to 70 years 

NATIONALITY

Indian Resident and NRIs

CIBIL SCORE 

550 and above

Documents Required for SBI Home Top Up Loan 

Any applicant who is going to avail a home loan must have to submit the following documents. These documents are the requirements for the lenders who are providing you the amount of loan.

1. Fully filled signed application form 

2. Passport size photograph

3. ID Proof : Aadhaar Card, PAN Card, Driving License, Passport, Voter identification, Employment id

4. Address Proof : Aadhar Card, Rental agreement, Voter id, Driving license, Passport, Employment id 

5. Income Proof : For salaried employees = 3 months salary slip, last 2 years ITR Return or form 16, Bank statement for last 2 months showing that the salary has been credited

6. For Self employed individuals / professionals = 2  years ITR return, Profit & loss account and Balance sheet computation with CA seal and sign, Bank statement for the last 6 months.

Compare other bank home loan interest rates 

BANKS 

INTEREST RATE

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 Bridge Home Loan

9.50% to 10.50%

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 Home Top Up Loan

There are two ways to apply for home loans from SBI Top Up:

1. Offline method : By visiting nearest bank branch

2. Online Method :

  • First of all first visit to official website of SBI Bank

  • In retail section go to the “loans”

  • Now click in home loan

  • After that go to “SBI Home Top Up loan”

  • Now click on apply now and fill application form 

SBI Home Top Up Loan Customer Care 

Contact number : 1800112211 / 18004253800

Email id :  customercare@sbi.co.in

How to calculate EMI of SBI Home Top Up Loan 

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

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

Where,

P stands for Loan Amount

R stands for Interest Rate

N stands for tenure in number of months 

Financials products offered by Bank 

BUSINESS LOAN

CAR LOAN

COMMERCIAL LOAN 

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN 

HOME LOAN 

LOAN AGAINST PROPERTIES 

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

SBI Home Top Up Loan Frequently Asked Questions 

1. What is SBI Home Top Up Loan?

SBI Home Top Up loan can be taken to meet the urgent requirements of the customers to borrow a certain amount over and above their home loan amount. The customer who already took home loan from SBI Bank and needs more amount, they can opt for home top up loans.

2. What is the maximum loan amount provided by SBI Home Top Up Loan?

The maximum loan amount is provided by SBI Realty Home Loan is Rs. 5 lakh..

3. How much tenure is provided by the SBI Home Top Up Loan?

The repayment tenure is upto 30 years provided by the SBI Home Top Up Loan.

4. Is there any processing fee charged by SBI Home Top Up Loan?

Processing fee charged by SBI Home Top Up Loan is 0.40% of the loan amount plus applicable GST subject to a minimum Rs.10000 and Maximum Rs.30000 plus GST.

5. How much interest rate is provided by the SBI Home Top Up Loan?

The Interest rate provided by SBI Home Top Up Loan starts at 7.90 percent per annum.

6. How to apply for SBI Home Top Up Loan?

You can apply online or offline by visiting the nearest bank branch for SBI Home Top Up Loan.

7. Who is eligible to take a SBI Home Top Up Loan?

Salaried and non salaried Indian Residents and NRIs are eligible to take a SBI Home Top Up Loan.

Last Updated on : 24/Aug/2020

Know More About

Sbi Home Top Up Loan

You're eligible for a Sbi Home Top Up 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 Home Top Up Loan Interest Rates

Updated on 25 Nov 2017

Sbi Home Top Up Loan Details
Interest Rate (Monthly reducing balance) 7.9% - 0%
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 30 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Home Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959