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