SBI Home Loan Scheme: Best Deal for Women Borrowers

Updated on December 5, 20182 mins read
Image has been used for representation purposes only.

Update: With effect from 26th August 2014, SBI has done away with the slab regime. All loans for women borrowers will now be offered at 10.10% irrespective of the loan amount. Read more.

The state bank of India’s policy of making home loans available to women borrowers at a lower interest rate than card rates has been applauded by all. Under this new scheme, all women borrowers get an additional concession of 0.05% on card rates. This is after the SBI surprised all by slashing its interest rates by 0.4% in December.

A first of its kind, it is one the major policy changes made by new SBI chief, Arundhati Bhattacharya, since she assumed charge on Oct 7, 2013.

Since SBI home loans are now available under 2 slabs of; under 75 lakhs and above 75 lakhs; the concession will have the following impact:

All Rates in effect since 20th December 2013

All Rates in effect since 20th December 2013

Thus, SBI is offering the best deal in the market for all women borrowers, at present. The first woman head of the country’s largest bank, Arundhati Bhattacharya has begun her crusade for women’s empowerment by putting several women friendly policies in place at the SBI. Other major policy changes by Arundhati Bhattacharya include putting in place a moral code of conduct at the bank, starting with the no-gifting policy, announcing a policy of 2 years sabbatical leave for women and the inauguration of 27 ‘All woman branches’ in the Chandigarh circle of the bank. Even though she is only 3 months into her job, she has the most challenging portfolio of heading the country’s largest bank. Let’s hope that 2014 presents this woman of action with ample opportunities to take the banking sector in India to new heights. Meanwhile, if the newly slashed interest rates of SBI make your existing home loan look more expensive that you thought, check out the home loan balance transfer calculator below to see how much you can save by switching your home loan to a lower interest rate at SBI. 🙂



Tarini comes with a degree in Mass Communication and Media studies. She joined SwitchME as a content writer and moved on to being an assistant product manager. Tarini is an experienced Content Strategist with a background in Product development and management. She is skilled in SEO, social media strategy and online content marketing and likes to travel when possible

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  1. priyanka
    Jul 02 2015 at 5:18 pm


    I want to buy a home in Uttrakhand need home loan for same can you please help.

    • Tarini
      Jul 03 2015 at 1:57 pm

      Hey Priyanka

      Thank you for contacting us. Unfortunately, we will not be able to assist you in getting a home loan as we are not operating in Uttrakhand currently.

  2. Nasreen
    Feb 15 2015 at 7:23 pm

    i want to take sbi home loan for women amount is 10Lac what would be the EMI? monthly or Yearly? pls assist
    i live in delhi, east delhi

    • Tarini
      Feb 16 2015 at 3:33 pm

      Hi Nasreen is not associated or representative of any bank, hence we will not be able to help you out here. The bank will be able to guide you best in this matter. Kindly contact them.

  3. sachin singh
    Jul 15 2014 at 6:15 pm

    I had taken loan from SBI, my wife is co borrower. Can i make my wife main borrower and my self as co borrower to get benefit of less interest (10.10%)? Please suggest.

    • Tarini
      Jul 15 2014 at 6:30 pm

      Hi Sachin
      To avail the benefit of 10.10% on your home loan, along with being the main borrower your wife needs to be the first owner in the property too.

  4. ashok
    Feb 02 2014 at 3:02 pm

    I want to take home loan at my residence district- Kaimur Bhabua, Bihar. plz assist me for the same as I like to take home loan from SBI bank…..

    • admin
      Feb 05 2014 at 4:45 pm


      We are not operational in Bihar yet. Can you pls send us some details on ops (@) and we’ll see what we can do? (Pls remove the spaces and the () from the email ID)