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State Bank of India

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Details

SBI Home Loan is India’s largest mortgage lender, helping more than 30 Lac families realize their dream of owning a home.

In a poll conducted by TV18 on 21 cities in India jointly by AC Nielsen-ORG route, the “Most Preferred Home Loan Supplier” voted for the Most Preferred Bank Award, along with the Voice Consumer Award. SBI Home Loans come to you on the strong foundation of trust and transparency built in the tradition of SBI. These include purchase of ready-made property, purchase of property under construction, purchase of pre-owned houses, construction of house, extension of house and repair / renovation.

Features

  • Home Loan products to suit every customers need
  • Low Interest Rates
  • Low Processing Fee
  • No Hidden Charges
  • No Pre Payment Penalty
  • Interest charges on Daily Reducing Balance
  • Repayment up to 30 years
  • Home Loan Available as Overdraft
  • Interest Concession for Women Borrowers

 

Eligibility

  • Resident Type: Resident Indian
  • Minimum Age: 18 years
  • Maximum Age: 70 years
  • Loan Tenure: up to 30 years.
  • Loan Amount: Click Here

INTEREST CARD RATES W.E.F.   01.05.2021 A. HOME LOAN

INTEREST CARD RATE STRUCTURE (FLOATING):  EBLR  6.65 %

 

LOAN AMOUNT                        SALARIED

TERM LOAN                  MAXGAIN

Up to Rs 30 Lacs          EBLR + 15 bps                EBLR + 50 bps

ER: 6.80%                           ER:7.15%

(ER: Effective Rate)

Above Rs 30 Lacs            EBLR + 40 bps                  EBLR + 75 bps

to Rs 75 Lac                        ER: 7.05%                          ER: 7.40%

Above Rs 75 Lacs            EBLR + 50 bps                  EBLR + 85bps

ER: 7.15%                        ER: 7.50%

 

List of papers/ documents applicable to all applicants:

  • Employer Identity Card
  • Loan Application: Completed loan application form duly filled in affixed with 3 Passport size photographs
  • Proof of Identity (Any one): PAN/ Passport/ Driver’s License/ Voter ID card
  • Proof of Residence/ Address (Any one): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhar Card

Property Papers:

  • Permission for construction (where applicable)
  • Registered Agreement for Sale (only for Maharashtra)/Allotment Letter/Stamped Agreement for Sale
  • Occupancy Certificate (in case of ready to move property)
  • Share Certificate (only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
  • Approved Plan copy (Xerox Blueprint) & Registered Development Agreement of the builder, Conveyance Deed (For New Property)
  • Payment Receipts or bank A/C statement showing all the payments made to Builder/Seller

Account Statement:

  • Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s
  • If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year

Income Proof for Salaried Applicant/ Co-applicant/ Guarantor:

  • Salary Slip or Salary Certificate of last 3 months
  • Copy of Form 16 for last 2 years or copy of IT Returns for last 2 financial years, acknowledged by IT Dept.

Income Proof for Non-Salaried Applicant/ Co-applicant/ Guarantor:

  • Business address proof
  • IT returns for last 3 years
  • Balance Sheet & Profit & Loss A/c for last 3 years
  • Business License Details(or equivalent)
  • TDS Certificate (Form 16A, if applicable)
  • Certificate of qualification (for C.A./ Doctor and other professionals)

 

Offers

SBI Privilege Home Loan

Home loans designed specifically for government employees
SBI has introduced SBI Privilege Home Loan for government employees only. Central or state government employees, PSBs, central government PSUs and other persons with retirement services are eligible to apply for this home loan. The loan amount will be determined taking into account the income and repayment capacity of the applicant, age, assets and liabilities, price of the proposed house / flat etc.

Features

  • Low Interest Rates
  • Zero Processing Fee
  • No Hidden Charges
  • No Pre Payment Penalty
  • Interest charges on Daily Reducing Balance
  • Repayment up to 30 years
  • Interest Concession for Women Borrowers
  • Interest Concession in case Check Off is provided

 

Eligibility

  • Resident Type: Resident Indian
  • Minimum Age: 18 years
  • Maximum Age: 75 years
  • Loan Tenure: up to 30 years.
  • Loan Amount: Click Here

SBI Shaurya Home Loan

You serve the nation, give us an opportunity to serve you.

SBI Shaurya Griha Karz Yojana is dedicated to the Army and Defense personnel of the country. This special home loan scheme will be given only to defense personnel. SBI Counsel Home Loans will have lower interest rates and other additional benefits that will only be provided to Defense Staff applicants. In addition to lowering interest rates on home loans, repayment options will also be easier for defense personnel and they will have a longer repayment period.

Features

  • Low Interest Rates
  • Zero Processing Fee
  • No Hidden Charges
  • No Pre Payment Penalty
  • Interest charges on Daily Reducing Balance
  • Repayment up to 30 years
  • Interest Concession for Women Borrowers
  • Interest Concession in case Check Off is provided

Eligibility

  • Resident Type: Resident Indian
  • Minimum Age: 18 years
  • Maximum Age: 75 years
  • Loan Tenure: up to 30 years.
  • Loan Amount: Click Here

SBI Realty Home Loan

Construct your dream home from scratch and make it a reality.

SBI Realty offers customers the opportunity to purchase plots for residential construction. The house should be built within 5 years from the date of loan approval. Customers can also take out another home loan to build a house on a plot of land financed under SBI Realty. The maximum amount of loan offered to the customer is Rs. Can be up to. 15 crore with 10 years comfortable repayment.

Features

  • Low Interest Rates
  • Low Processing Fee
  • No Hidden Charges
  • No Pre Payment Penalty
  • Interest charges on Daily Reducing Balance
  • Repayment up to 10 years
  • Interest Concession for Women Borrowers

Eligibility

  • Resident Type: Resident Indian
  • Minimum Age: 18 years
  • Maximum Age: 65 years
  • Loan Tenure: up to 10 years.
  • Loan Amount: Click Here