Mortgage Rates

State Bank of India (UK) Mortgage Rates - October 2026

Compare State Bank of India (UK)’s current residential, buy-to-let and product transfer rates against the whole market. DBF is a whole-of-market mortgage broker: we search every deal, not just one lender’s range.

Best 5-yr fixed from 4.24%

Best 2-yr fixed from 5.64%

SVR 8.09%

Rates updated October 2026

Why use Doulton

Two reasons to use DBF for your State Bank of India (UK) mortgage

DBF Product Transfer System

If you decide to stay with State Bank of India (UK) at renewal, we process your product transfer through our dedicated system - faster than applying direct in many cases, with all paperwork handled on your behalf.

Cashback on like-for-like deals

Eligible clients who stay with their existing lender on a like-for-like product transfer can receive cashback - an incentive not available when applying direct. Ask us about eligibility.

We compare the whole market first - and if State Bank of India (UK) is still the best option, we make the process faster and more rewarding. Get a free comparison or call 0204 6211776.

Whole-of-market mortgage comparison
No upfront fees on advice
Product transfer system for faster renewals
Cashback available on eligible like-for-like deals
FCA authorised 814533

State Bank of India (UK) Residential Mortgage Rates

Residential mortgage rates - indicative, updated monthly. Confirm current rates with DBF before proceeding.
Product	Rate	Initial Period	Fee	Overpay
2-yr fixed 60% LTV	5.64%	2 years	£995
2-yr fixed 75% LTV	5.82%	2 years	£995
2-yr fixed 85% LTV	6.04%	2 years	£995
5-yr fixed 60% LTV	4.24%Best	5 years	£995
5-yr fixed 75% LTV	4.44%	5 years	£995
5-yr fixed 85% LTV	4.66%	5 years	£995
5-yr fixed 90% LTV	4.86%	5 years	£995
2-yr tracker 65% LTV	Base+1.39%	2 years	£595
Standard Variable Rate	8.09%	Ongoing	None	-

State Bank of India (UK) Buy-to-Let Mortgage Rates

Buy-to-let mortgage rates - indicative, updated monthly. Portfolio and HMO criteria apply.
Product	Rate	Initial Period	Fee
BTL 2-yr fixed 65% LTV	6.22%	2 years	£1,299
BTL 5-yr fixed 65% LTV	4.86%Best	5 years	£1,299
BTL 5-yr fixed 75% LTV	5.12%	5 years	£1,299

State Bank of India (UK) Product Transfer Rates

Product transfers - rates indicative; DBF will confirm current availability. Cashback via DBF, not available direct.
Product Transfer Option	Rate	Initial Period	Fee	Cashback
State Bank of India (UK) 2-yr fixed PT (same LTV band)	5.69%	2 years	£0	Cashback available
State Bank of India (UK) 5-yr fixed PT (same LTV band)	4.29%	5 years	£0	Cashback available
State Bank of India (UK) PT + borrow more (residential)	4.36%	5 years	£595	Cashback available

About State Bank of India (UK) Mortgages

State Bank of India (UK) is the British subsidiary of India's largest bank, offering mortgage products to UK residents including a significant proportion of Non-Resident Indians (NRI) and those with connections to the Indian subcontinent. They provide residential and buy-to-let mortgages with particular expertise in the South Asian community.

State Bank of India (UK) suits UK residents of South Asian heritage, NRIs purchasing UK property, and borrowers with international income or overseas assets. Their familiarity with complex international financial arrangements and foreign income structures makes them a practical choice for many internationally-connected borrowers.

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Tell us about your mortgage and we will compare State Bank of India (UK)'s current rates against the whole market - free, fast and with no obligation.

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FAQs

Frequently asked questions

What are State Bank of India (UK)’s current mortgage rates?

State Bank of India (UK)’s current rates start from 4.24% on a 5-year fixed at 60% LTV for residential borrowers. Rates rise to 5.64% or above for higher LTV tiers and specialist products. All rates shown are indicative and reviewed monthly by DBF - contact us to confirm today’s live rates.

What is State Bank of India (UK)’s Standard Variable Rate (SVR)?

State Bank of India (UK)’s SVR is currently 8.09%. This is the rate you revert to when your fixed or tracker deal expires. DBF strongly recommends arranging a new fixed rate before this happens - the SVR is almost always more expensive than any new deal available.

Can I get cashback on a State Bank of India (UK) product transfer through DBF?

Yes. Eligible State Bank of India (UK) mortgage holders renewing through DBF can receive cashback on their product transfer. This is not available if you apply direct to State Bank of India (UK). Contact DBF at least 3 months before your current deal expires to ensure we can secure the best rate and arrange cashback.

Is State Bank of India (UK) right for me, or should I switch lender?

That depends entirely on your circumstances. State Bank of India (UK) may offer the best rate for your profile - or a different lender in our panel of 130+ may beat them. DBF will compare the whole market and recommend the best option, whether that’s staying with State Bank of India (UK) or switching to a competitor.

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