SBI Privilege Home Loan – Interest Rates for Govt. Employees
SBI Privilege Home loan scheme available for Govt Employees at lowest interest rates & high repayment period. This scheme is basically for beneficiaries of the seventh pay commission recommendations.
Eligible Applicants are Employees of Central / State Governments including PSBs, PSUs of Central Government, and other individual(s) with pensionable service.
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SBI Privilege Home Loan Interest Rates
| Interest Rates Term Loan | 9.10% – 10.00% |
| Processing Fee | Upto 10000 + GST |
| Repayment | 30 Years |
| Loan Amount | Upto 80% of Property |
| Foreclosure Charges | Nil |
| Monthly Income | Rs.12000 minimum |
| Lowest EMI per 1 Lakh | Rs.812 |
Features of SBI Privilege Home Loan Scheme:
- Repayment Age upto 75 Years
- .05% lower interest rates compare to Normal home loan scheme of 8.70% – 9.40%
- Option for customers of other Banks / FIs to switchover their Home Loan outstanding balance to State Bank of India.
- (Other terms and conditions are as applicable to regular SBI Home Loan Scheme)
EMI’s table, Interest outgo on a home loan amount of Rs 10,00,000 as per the schemes
| Loan Amount | Repayment Period |
Interest Rate | EMI per month |
| Rs. 10 lakh | 10 years | 9.10 – 10.00% | Rs.12722 – 13215 |
| Rs. 10 lakh | 15 years | 9.10 – 10.00% | Rs.10202 – 10746 |
| Rs. 10 lakh | 20 years | 9.10 – 10.00% | Rs.9062 – 9650 |
| Rs. 10 lakh | 25 years | 9.10 – 10.00% | Rs.8461 – 9087 |
| Rs. 10 lakh | 30 years | 9.10 – 10.00% | Rs.8118 – 8776 |
