SBI Home Loan Chennai – Interest Rates 2024, Eligibility, Apply Online
Apply for SBI Home Loans in Chennai: ✔ Low EMI ✔ Interest Rates ✔ Eligibility, Documents, Loan amount. Check and Compare Home Loan Eligibility for sbi home loan interest rates in Chennai.
Highlight’s on SBI Home Loan Chennai
| Interest Rates | 8.50% – 10.15% |
| Processing Fee | sbi home loan fees |
| Repayment | Upto 30 Years |
| Loan Amount | Upto 80% of Property |
| Foreclosure Charges | Nil |
| Monthly Income | Rs.12000 minimum |
| Lowest EMI per 1 Lakh | Rs.769 |
Major Home Loan Tools available in Chennai
अधिक जानकारी – एसबीआई होम लोन की ब्याज दरें & SBI Home Loan.
Eligibility required for State bank housing loan in Chennai
✓ Minimum age: 18 years as on the date of sanction
✓ Maximum age: 70 years. i.e. the age by which the home loan should be fully repaid, subject to availability of sufficient, regular and continuous source of income for servicing the loan repayment.
✓ Minimum Income Should be Rs.10000 Per Month.
Loan Amount & factors:
Actual loan amount will be determined taking into consideration such factors as applicant’s income and repaying capacity, age, assets and liabilities, cost of the proposed house/flat etc. To enhance loan eligibility you have option to add:
- Income of your spouse/ your son/ daughter living with you, provided they have a steady income and his/ her salary account is maintained with SBI.
- Expected rent accruals (less taxes, cess, etc.) if the house/ flat being purchased is proposed to be rented out.
- Depreciation, subject to some conditions.
- Regular income from all sources.
Margin/ LTV Ratio:
| Individual Home Loan Amount | Margin (Min) | LTV Ratio (%) |
| Upto Rs. 20 Lacs | 10% | 90% |
| Above Rs. 20 Lacs. and upto Rs. 75 lacs | 20% | 80% |
| Above Rs. 75 lacs | 25% | 75% |
Repayment period: Maximum 30 years (or) Up to the age of 70 years (the age by which the loan should be fully repaid) of the borrower, whichever is early.
Moratorium period (Repayment holiday): The moratorium period is included within the maximum repayment period.
Documents Required for SBI Home loans in Chennai:
| Salaried | Self Employed | |
|
Documentation |
1) Application form with photograph 2) Identity & residence proof 3) Last 3 months salary slip 4) Form 16 5) Last 6 months bank salaried credit statements 6) Processing fee cheque |
1) Application form with photograph 2) Identity & residence proof 3) Education qualifications certificate & proof of business existence 4) Business profile, 5) Last 3 years profit/loss & balance sheet 6) Last 6 months bank statements 7) Processing fee cheque |
State Bank of India Home Loan Branches in Chennai:
| Branch | Branch Code | Address | Contact |
|---|---|---|---|
| COLLECTORATE ROAD, TIRUVANNAMALAI | 012934 | RAYAR NAIDU COMPLEX, 15 POLUR ROAD, TIRUVANNAMALAI 606601
City: CHENNAI |
BM: 9442218204 |
| LHO, CHENNAI | 003972 | CIRCLE TOP HOUSE, APARNA COMPLEX, 16 COLLEGE LANE CHENNAI
City: CHENNAI |
28214293/28214785/28214617/28214618; 800071/800040/800038 |
| SERVICE BRANCH CHENNAI | 008443 | WHITES ROAD CHENNAI
City: CHENNAI |
044-28515627, 28522638, 28521849, 28522738; IP-800391, 800392 , 800393 |
| ADYAR | 001115 | NO.5 FIRST CROSS STREET, KASTURBA NAGAR, ADYAR, CHENNAI 600020
City: CHENNAI |
800696, 800697 044-24416780, 24403578 |
| ALWARPET, CHENNAI | 002190 | 241, TTK ROAD ALWARPET CHENNAI, 600018
City: CHENNAI |
044-24992397 24988145 fax-24988145 I.P- 800781 |
| AMINJIKARAI | 003273 | POST BAG NO.5402, 22, SATHURUDDEN SAHIB STREET, CHENNAI
City: CHENNAI |
044-26640149 044-26641257 IP – 800801 |
| ANNA NAGAR, CHENNAI | 002196 | 1ST FLOOR, AG – 1, SHANTI COLONY, ANNA NAGAR, CHENNAI, CHENNAI CITY, 600040
City: CHENNAI |
044-26211539 IP – 800401 |
| ANNA NAGAR WEST CHENNAI | 003870 | Y211, 2ND AVENUE, CHENNAI, PIN 600040
City: CHENNAI |
044-26215712 044-26200247 IP-800406 |
