SBI FLEXIPAY HOME LOAN:
Now Salaried borrowers avail Higher Loan amount or eligibility with flexible repayment option available under flexi home loan plan of state bank of India. This scheme is available for those who have secure jobs & want to avail a loan of minimum upto 20 lakhs.
Table of Content
Advantages of Flexi Pay Home Loan Scheme:
Upto 20% higher loan eligibility compared to normal Home Loan schemes.
Flexi pay scheme is available to working professionals / executives only.
Loan amount must be above Rs.20 Lakhs
Minimum 2 Years experience required for salaried applicants
Age must be between 21 – 45 years
Other features of Flexipay home loan scheme
Customers will pay only interest amount during the moratorium (pre-EMI) period, and thereafter, pay moderated EMIs.
Moratorium period – Option of Moratorium period of upto 3 – 5 years. Only interest to be repaid during the selected moratorium period.
Longer repayment tenure of 25 to 30 years.
Prepayments are available without any pre payment penalty.
(Other terms and conditions are as applicable to regular SBI Home Loan Scheme)