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State Bank of India is one of the most trusted banks in India that was established on 1 July, 1995. It is an Indian multinational public sector bank that offers banking and financial services to its customers and it is headquartered in Mumbai, Maharashtra. The government of India secures the largest share of this entity. In July 2012, State Bank of India was ranked 60th on the list of top 100 banks in the world by The Banker.

SBI Shaurya Home Loan is a type of home loan designed by State bank of India that is offered to the army and defence personnel of the nation. This scheme is only provided to the defence employees and it comes at competitive and attractive interest rates for the customers.

Features and Benefits of SBI Shaurya Home Loan 

Why SBI Shaurya home loan? We listed the benefits of Shaurya home loan from SBI which you may want to consider before taking your call.

Here are features and benefits of SBI Shaurya housing loan:

  1. SBI Shaurya home loan comes with interest concession for women. 

  2. The interest rates for this home loan are competitively lower, starting at 6.95%. 

  3. There are no prepayment penalties in this loan.

  4. You do not need to pay any hidden charges.

  5. SBI does not charge any processing fee. 

  6. You get to repay the loan for the tenure of up to 30 years.

  7. This loan is offered to the Army and defence personnel.

Fee and Charges of SBI Shaurya Home Loan

Banks apply certain fees and charges to loans that are to be paid by the borrower. Know that SBI Shaurya home loan comes at some fees and charges that are designed by the bank. Here, we have mentioned all the charges such as processing fee, prepayment charges etc. applied by SBI for Shaurya housing loan:



Processing fee 


Prepayment charges 


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 Shaurya Home Loan

You should be aware of the eligibility criteria designed by the banks which must be fulfilled by the loan applicant. When it comes to the Shaurya home loan, here is the eligibility criteria that you must pass:


Defence personnel


18 years to 75 years 


Indian Resident


550 and above

Documents Required for SBI Shaurya Home Loan 

Any applicant who wants to avail shaurya home loan from SBI has to have certain documents that are required by the lender. These documents are required to be presented in order to get the loan from the bank.

Here is the list of all the documents required by SBI for Shaurya home loan:

  1. Application form

  2. Passport-size photograph

  3. ID Proof: Aadhaar Card, PAN Card, passport, driving License, voter ID and Employment ID. 

  4. Address Proof: Aadhar Card, rental agreement, driving license, voter ID, passport, and employment ID.

  5. Proof of income

  • Salaried employees: 3 months’ salary slip, last 2 years ITR Return or form 16, bank statement for last 2 months.

  • For Non-salaried/Co-applicant: Profit & loss account and Balance sheet computation signed by CA, 2  years ITR return, Bank statement for the last 6 months.

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 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 Shaurya Home Loans 

If you are wondering how to apply for a Shaurya home loan then you can look at the following methods which you can use to apply for the loan:

  1. Offline method: If you wish to apply for a Shaurya home loan offline, then you can simply visit the nearest SBI branch.

  2. Online method: In this method, you do not need to visit the branch. Here is what you can do to apply for a Shaurya home loan by SBI online:

  • First of all, take yourself to the official website of SBI bank.

  • Now, hit the retail section and go to the loans option.

  • Now hit the home loan. 

  • Then go to the SBI Shaurya Home loan option.

  • Hit the apply now button and fill application form.

How to Calculate EMI of SBI Shaurya Home Loan 

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

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


  • P is the Loan Amount
  • R is for Interest Rate and 
  • N is for the tenure in number of months

SBI Shaurya Home Loan Customer Care 

Contact number : 1800112211 / 18004253800

Email id :  [email protected]

Financials products offered by Bank:













SBI Shaurya Home Loan Frequently Asked Questions:

1. What is SBI Shaurya home loan?

SBI Shaurya Home Loan is a type of loan by SBI that is designed for the army and defence personnel of the nation. This loan by SBI is only provided to the defence employees. It comes at quite an attractive set of interest rates for the customers.

2. What is the maximum loan amount provided by SBI Shaurya home loan?

The maximum amount of loan that is provided by SBI for Shaurya Home Loan counts to Rs. 50 crore.

3. What is the repayment tenure for SBI Shaurya home loan?

The repayment tenure for SBI shaurya home loan is for up to 30 years.

4. Is there any processing fee charged by SBI Shaurya home loan?

No processing fee is charged by SBI Shaurya Home Loan.

5. What is the minimum interest rate provided by the SBI Shauryahome loan?

The interest rate provided by SBI Shaurya Home Loan starts at 6.95 percent per annum.

6. How to apply for an SBI home loan?

You can apply for an SBI home loan online or offline by visiting the nearest bank branch for SBI Shaurya Home Loan.

7. Who is eligible to take a SBI Shaurya home loan?

Army and Defence employees are eligible to take a SBI Shaurya Home Loan.

Last Updated on : 11/Feb/2021

Know More About

Sbi Shaurya Home Loan

You're eligible for a Sbi Shaurya 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 Shaurya Home Loan Interest Rates

Updated on 25 Nov 2017

Sbi Shaurya Home Loan Details
Interest Rate (Monthly reducing balance) 6.95% - 0%
Processing Fees Nil
Loan Tenure 1 year to 30 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

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