State Bank of Travancore Home Loan – Compare online Interest Rates, Documents Required, Eligibility Criteria, Processing Fees and Apply online for SBT Home loans India.
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Eligibility Required for SBT Home Loans:
- All Residential Indians with regular monthly income having a minimum NMI of Rs. 12,000/- and Non-Residential Indians with a regular monthly income having a minimum NMI of Rs. 15,000/-.
- Spouses of Non-Residential Indians, who are Indian Residents and receiving a regular monthly income.
- Salaried persons, Self-employed Businessmen, Professionals and Agriculturists, who have a regular monthly income and a minimum of three years standing / experience in their line of activity.
- The age should be such that the borrower is able to close the account before he attains the age of 70.
- Relaxation in eligibility criteria from the minimum of 3 years to 1-2 years is allowed to employees of government/quasi government departments /establishments and listed companies whose minimum NMI is Rs. 20,000/- or more.
Home Loan Interest Rates of State Bank of Travancore:
Up to 75 lacs 10.15% Above 75 lacs 10.40%
|Processing charges: updated on 20 January 2015|
|Limit upto Rs.25,000||Nil|
|Limit above Rs.25,000 to Rs.2 lacs||0.56% of the loan amount (Max.Rs.500/-)|
|Limit above Rs.2 lacs||0.56% of the loan amount maximum Rs.10000/-|
Prepayment Charges : NIL
DOCUMENTS TO BE SUBMITTED FOR PURCHASE OF HOUSES/FLATS
- A copy of the agreement for sale.
- A copy of the Title deeds of the present owner.
- A copy of the land tax receipt.
- A copy of the building tax receipt.
- Encumbrance certificate from the Sub Registrar for the last 15 years.
- Title clear certificate from the banks approved advocate.
- Valuation report of the property and building from the banks approved valuator.
Source: state bank of travancore official Website
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