State Bank of Mysore

Trusted Service

Housing Loan

Under Personal Segment, You can avail a loan for

  • Construction or Purchase of a new house or flat
  • Repairs / Renovation / Extension of existing house
  • For purchase of plot for construction of house within two years
  • For purchase of built houses not more than 15 years old
  • Housing loan against II charge
  • For Purchase of Furnishings / Consumer durables as part of the project cost

Quantum of Loan amount

Loan amount for all categories

Net Annual Income
EMI / NMI Ratio
Upto Rs. 60000/-
Above Rs. 60000 to less than Rs.1,20,000/-
Above Rs. 1,20,000/- to less than Rs.2,00,000/-
Above Rs. 2,00,000 to less than Rs.5,00,000/-
Above Rs. 5,00,000 to less than Rs.10,00,000/-
Above Rs. 10 lacs

Maximum Repayment period

Repayment period
For persons below 35 years of age
25 years
For persons below 45 years of age
20 years
For persons above 45 years of age
15 years


Margin (%)
Upto Rs. 30 lakhs
Above Rs. 30 laks to 75 lakhs
Above Rs 75 lakhs to 1.00 Crore
Above Rs 1.00 crore

Margin for Purchase of New houses which are ready for possession (Applicable to First sale only)

Margin (%)
Upto Rs. 75 lakhs
Above Rs.75 laks to 1 cr
Above Rs 1.00 crore

Penal interest of 1% in case of default of three or more consecutive instalments.

Fixed Rate of Interest <-- Click here for details

Floating Rate of Interest <-- Click here for details

Processing charges (w.e.f. 01-02-2014) : 0.50%( with a maximum of Rs 7,500/-)


The house property has to be insured covering all risks. Group insurance is available to cover the life of the borrower on payment of one time upfront premium.

Direct to the sellers in case of purchase.
For Construction / Repairs / Renovations – in a phased manner

Repayable in monthly instalments. Repayment period ranging from 5 to 25 years, including a moratorium period ranging from 6 to18 months from the date of the first disbursement.

Schemes and Interest Rates are subject to changes from time to time.

Attractive features of State Bank of Mysore’s Housing Finance scheme

  • Loans from State Bank of Mysore are cheaper than housing finance agencies / companies.
  • Nominal processing charges.
  • No administration charges.
  • No commitment charges.
  • Interest charged on reducing balances.
  • Facility available at all branches in India.
  • Exemption from wealth tax for one house under Wealth Tax Act.

Pre-payment Penalty

No Pre-closure / Pre-payment penalty  on all Home Loans.

Terms and Conditions subject to change.

Download application form

Contact your nearest Branch of State Bank of Mysore or

Chief Manager
State Bank of Mysore
Personal & Services Banking Department
H .O.: K.G.Road, Bangalore - 560009, INDIA
Phone: 91 80 22353901 extn.380
Fax: 91 80 22283684
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

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State Bank of Mysore,
H .O.: K.G.Road,
Bangalore - 560254, INDIA.
Phone (EPABX): 91 80 22353901 (30 lines of PRI)
Fax: 91 80 22283684

Download Application Form

 Application Form