State Bank Of India Home Loan
The Most Preferred Home Loan provider SBI Bank offers a
Home Loan with Attractive Interest Rates with Latest Schemes and Benefits. SBI also provides a
Housing loan with different schemes. Schemes Are:-
1. SBI Easy Home Loan
2. SBI Advantage Home Loan
3. SBI Housing Finance Scheme
4. SBI Happy Home Loans
5. SBI Life Style Loan
6. SBI Green Home Loan
7. SBI Home Plus
8. SBI Home Line
9. SBI MY HOME CAMPAIGN
Features & Benefits of SBI Home Loan
• Purchase/ Construction of House/ Flat
• Purchase of a plot of land for construction of House
• Lowest
Home Loan Interest Rate..
• Extension/ repair/ renovation/ alteration of an existing House/ Flat
• Purchase of Furnishings and Consumer Durables as a part of the project cost.
• Takeover of an existing loan from other Banks/
Housing Finance Companies.
• Interest charged on the daily reducing balance
• No penalty on prepayments of
home loan
• No hidden costs
• Option to club income of your spouse and children to compute eligible loan amount
• Provision to club depreciation, expected rent accruals from property proposed to compute eligible loan amount
• Provision to finance cost of furnishing and consumer durables as part of project cost
Current Rate of Interest
| Loan Schemes |
1st Year |
2nd and 3rd year
|
After 3rd Year
|
SBI HI-FIVE Loan
Loan Amount upto Rs. 5 Lacs |
8.00% (p.a.)
Fixed interest rate
|
9.00% (p.a.)
Floating Interest Rates
OR
10.50% (p.a.)
Fixed Interest Rates
|
9.00% (p.a.)
Floating Interest Rates
OR
10.50% (p.a.)
Fixed Interest Rates |
SBI Easy Home Loan
Loan Amount upto Rs. 50 Lacs |
8.00% (p.a.)
Fixed interest rate
|
8.50% (p.a.)
Fixed Interest Rate
|
9.00% (p.a.)
Floating Interest Rate
OR
10.50% (p.a.)
Fixed Interest Rate
|
SBI Advantage Home Loan
Loan Amount Above Rs. 50 Lacs |
8.00% (p.a.)
Fixed interest rate |
9.00% (p.a.)
Fixed Interest Rates |
10.00% (p.a.)
Floating Interest Rate
OR
11.00% (p.a.)
Fixed Interest Rate
|
Note:- Interest rate after three years may be Fixed or Floating as per the borrower’s choice made at the time of sanction.
Eligibility Criteria & Documentation required for SBI Home Loan
| |
Salaried |
Self employed |
| Age |
21years to 60years |
21years to 70years |
| Income |
Rs.1,20,000 (p.a.) |
Rs.2,00,000 (p.a.) |
| Loan Amount Offered |
5,00,000 - 1,00,00000 |
5,00,000 - 2,00,00000 |
| Tenure |
5years-20years |
5years-20years |
| Current Experience |
2years |
3years |
| 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 |
Other Products from SBI (State bank of India)
1.
SBI Home Loan
2.
SBI Personal Loan
3. SBI Housing Finance
Information on deposits & Loan Schemes and services also available. Call 1800112211 (Tollfree from BSNL/MTNL)
Registered Office-State Bank of India
State Bank Bhavan Central Office 8th Floor,
Madame Cama Marg, Nariman Point,
Mumbai - 400021
Maharashtra - India
Disclaimer : Please note that the interest rates and eligibility criteria given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated .Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates.
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