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SBI Home Loan : If you have dreamed of a new house and have a plan to take a home loan for it, today’s news is going to be special for you. In fact, recently the property prices have increased so much that one has to take a home loan option to fulfill the dream of owning a house.

Meanwhile, banks are also providing home loans to customers at affordable interest rates. This year, the home loan interest rate has come down drastically. The country’s largest state-owned bank i.e. SBI has also reduced interest rates on home loans.

The Reserve Bank of India has cut the repo rate by one percent till now in 2025. As RBI has decided to cut the repo rate, banks across the country have reduced interest rates on all types of loans, including home loans.

Therefore, the customers who take home loan for buying a new house have got a big relief. After this decision of RBI, SBI has also reduced the interest rates on home loans and currently SBI is providing home loans to its customers at an interest rate of at least 7.50%.

But this is the initial interest rate of the bank and only few people get the benefit. In order to avail a home loan at this interest rate, the customer must have a CIBIL score of 750 or more.

Meanwhile, today we are going to see the information about how much a person’s monthly salary should be if he wants to take a home loan of 30 lakhs from SBI.

How much salary is required for Home Loan of 30 Lakh?

According to the information received, if you want to take a home loan of 30 lakh rupees for a term of thirty years from State Bank of India, your monthly salary must be 42 thousand rupees.

Importantly, there should not be any other active loan in the name of the borrower. If other loans are pending then the loan may be rejected by the bank.

How much EMI to pay?

If a home loan of Rs 30 lakh is sanctioned by State Bank of India at a minimum interest rate of 7.50% for 30 years, an EMI of Rs 21 thousand will have to be paid.

But at this interest rate, only customers with CIBIL score above 750 and secure job will get loan.