SBI Shaurya Home Loan – Interest Rates for Defense Employees
SBI Shaurya Home loan scheme at lowest interest rates for Defense Personnel belonging to Army, Navy and Air force.
Features of SBI Shaurya Home Loan Scheme:
- Reduced burden of servicing EMIs under the new schemes as lower EMIs would need to be serviced during the post-retirement term. This is because the EMIs to be serviced during the post-retirement term are capped at 50% of the current Net Monthly Income.
- Repayment Period or Age upto 75 Years, 70 years in Normal home loan schemes
- 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)
Apply for Home Loan
| 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 |
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 |
