SBM Bank review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

SBM Bank suits Indian borrowers buying or remortgaging a home, or raising business finance against property, and wanting a direct lender. Its fixed-rate borrowing runs over 180, with processing costs of 1.25% and a hard credit check.

Key facts

Best for
Home and business borrowing secured against property in India
Term
180 months (Source, checked September 26, 2026)
Arrangement fee
Upfront processing fee of Rs. 5,000 plus GST (non-refundable) at application login, balance processing fee at disbursement (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
No (Source, checked September 26, 2026)
Eligibility
Salaried, self-employed or professional; minimum 23 years at application, maximum 65 years at final EMI repayment (Source, checked September 26, 2026)
Origination fee (%)
1.25% (Source, checked September 26, 2026)
Loan types
Secured, Business (Source, checked September 26, 2026)
Legal entity
SBM Bank (India) Ltd (Source, checked September 26, 2026)
Headquarters
India (Source, checked September 26, 2026)
Founded
2018 (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Official website
sbm.bank.in

Mortgages

Purpose
Purchase, Remortgage (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
SBM Bank (India) Ltd (Source, checked September 26, 2026)
Headquarters
India (Source, checked September 26, 2026)
Founded
2018 (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre (Source, checked September 26, 2026)

Apps and profiles

Get the app
App Store
Elsewhere
LinkedInXyoutube.comfacebook.cominstagram.com

Pros and cons

Pros

  • Direct lender, so you deal with the bank rather than a middleman (direct lender)
  • Fixed-rate home loans for purchase and remortgage (fixed rate)
  • Long borrowing window of 180 to spread repayments
  • Phone, email and help-centre support (phone, email and help centre)

Cons

  • A hard credit check, so applications affect your credit file (hard)
  • Free early repayment is not offered on the loan against property, so overpaying costs money
  • Fees stack up: an upfront processing fee plus GST and 1.25%
SBM Bank

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Scored 8.8 / 10 by BorrowCue.

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Who it suits

  • Homebuyers and remortgagors in India needing fixed-rate borrowing
  • Self-employed and salaried applicants who already have property to pledge
  • Business owners raising secured finance against an asset

Who should look elsewhere

  • Anyone wanting to repay early without charge, since free early repayment is not offered
  • Borrowers needing a soft or prequalification check rather than a hard one
  • Shoppers who want to compare many lenders through a single marketplace instead of one direct lender

How your money is protected

SBM Bank lends as a direct lender rather than through a broker or marketplace, so the contract, the valuation and the disbursement all sit with the same bank that holds your property as security. Secured and business borrowing is secured on the asset, which is the main protection if payments stop. As a direct lender, the bank also sets its own credit check and approval decision, so nothing sits with a third party to push your case.

The company behind it

The lender is SBM Bank (India) Ltd, headquartered in India and founded in 2018. It is regulated by the Reserve Bank of India (RBI). Support runs on phone, email and help centre, so borrowers can reach the bank by phone, by email or through a help centre. Applicants can be salaried, self-employed or professional, and must meet a minimum age at application and a maximum age at final repayment.

How SBM Bank compares

Where SBM Bank is available

Available
India
Licence in India
Reserve Bank of India (RBI), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does SBM Bank charge to arrange a loan against property?+

There is an upfront processing fee plus GST when you log in to apply, and it is non-refundable, with a balance processing fee taken at disbursement. The share charged is 1.25%, so the cost of raising the loan comes on top of the interest.

How long can I borrow for with SBM Bank?+

The borrowing window is 180 for the secured and business lending described. That is longer than many shorter-term products on the comparison sites, and it suits borrowers who want the repayment spread over more payments.

Does SBM Bank run a credit check?+

Yes, the credit check is hard, which means an application can affect your credit file. Borrowers with a thin credit history may find that harder than those with a strong record, so it is worth checking your file before applying.

Is early repayment free at SBM Bank?+

Free early repayment is not offered on this product, so paying off the loan early can come with a charge. If you might overpay, ask the bank about the cost of a part settlement before you sign.

What kind of loans does SBM Bank give?+

The lending covers secured borrowing and business borrowing, with fixed-rate home loans available for purchase and remortgage. So the fit is property-backed borrowing rather than unsecured personal lending.

Who can apply for a home loan with SBM Bank?+

Salaried, self-employed and professional applicants can all apply. You need to meet a minimum age at application and a maximum age at your final instalment, so borrowers close to the upper limit should check the timing before they apply.

Is SBM Bank regulated?+

Yes, the bank is regulated by the Reserve Bank of India (RBI) in India. Its legal entity is SBM Bank (India) Ltd, and it lends directly rather than through a broker, so you deal with the lender itself.

How do I get help from SBM Bank?+

Support runs on phone, email and help centre. You can call, send an email or use the help centre, which is useful if you have questions about the processing fees before you apply.

Sources

  • sbm.bank.in/about-us checked September 26, 2026

    Backs: Founded, Headquarters, Legal entity, Licences

    “SBM Bank India commenced its India operations on 1st December 2018”

  • sbm.bank.in/contact-us checked September 26, 2026

    Backs: Support channels

    “Request a call back: Full Name, Email Address, Phone Number, Pin Code”

  • sbm.bank.in/personal-banking/loans/home-loan checked September 26, 2026

    Backs: Credit check, Eligibility, Pricing model, Purpose

    “we also factor in your credit history and score while deciding on your application”

  • sbm.bank.in/personal-banking/loans/loan-against-property checked September 26, 2026

    Backs: Free early repayment, Lender type, Loan types, Arrangement fee, Origination fee (%), Term

    “Full Prepayment from own source -2%”

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR, Loan amount, Funding time, Representative example.

SBM Bank

SBM Bank

Home and business borrowing secured against property in India

8.8/10See alternatives

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