State Bank of India has set competitive interest rates for its customers. If you are applying for a home loan upto 30 lakhs, then the interest rate will be 10.75% per annum. If it is above 30 lakhs and within 75 lakhs, then the interest rate will be 11.00% per annum. If you want to get more than 75 lakhs, then 11.25% per annum will be the interest rate.