SBI Home Loans Hit ₹10L Crore: Is Your Rate Fair?

SBI's home loan portfolio is about to cross ₹10 lakh crore this quarter. That's a record. If you have or want a home loan, this milestone tells you a lot about your bargaining power and rate expectations right now.

Here's what happened: SBI's home loan portfolio is on track to cross the ₹10 lakh crore mark this quarter, according to the SBI chairman — a first for any Indian bank.. The milestone reflects surging demand for housing credit across salaried and self-employed segments, driven partly by stable property prices and repo rate cuts in 2025.. SBI holds the largest share of India's retail home loan market, making its portfolio size a key indicator of where home loan rates and lending norms are headed..

What you should do: Call your bank or log in to your loan account and check your current interest rate — compare it against SBI's advertised rate for new borrowers today (check sbi.co.in).. If your existing rate is more than 0.5% higher than the new-borrower rate, formally request a rate reset in writing — banks are legally required to respond, and many reduce the rate to retain customers.. If you are planning to buy a home in the next 6 months, use this moment of high competition between lenders to negotiate processing fee waivers and lower margins — banks are hungry for volume..

Pro tip: RBI mandates that floating-rate home loan borrowers can switch to a lower rate within the same bank by paying a nominal conversion fee — usually ₹2,000–₹5,000 — far cheaper than a full balance transfer.