SBI Home Loan Erode – Interest Rates 2020, Documents, Branch

Apply for SBI Home Loans in Erode: ✔ Low EMI ✔ Interest Rates ✔ Eligibility, Documents, Loan amount. Check and Compare Home Loan Eligibility for sbi home loan interest rates in Erode.

Home Loan applications received for rupees ₹ 419,027 crores till 24 October 2020

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Loan Amount
Occupation

Annual Income

City

120,17,256 loan quotes taken till now.
Home loan Interest rates starts from 6.90% for women, 6.95% for Others.

Important Details about SBI Home Loan Erode

upto 30 Lakh 7.15% – 7.20%
30 Lakh – 75 Lakh 7.40% – 7.45%
Above 75 Lakhs 7.50% – 7.55%
Processing Fee 0.40 % of loan amount, up to a minimum of ₹10,000 + GST and maximum of 30,000 +GST
Repayment 30 Years
Loan Amount Upto 80% of Property
Foreclosure Charges Nil
Monthly Income Rs.10000 minimum
Lowest EMI per 1 Lakh Rs.675

अधिक जानकारी – एसबीआई होम लोन की ब्याज दरें & SBI Home Loan.

Calculate Your Monthly EMI with – Home Loan EMI Calculator

State Bank of India Housing Loan Branches in Erode:

  • URC NAGAR, ERODE – Address: 100/2 PERUNDURAI ROAD, CHINNA SENGODAMPALAYAM, URC NAGAR, THINDAL, ERODE-638012 | IFSC Code: SBIN0012779
  • CAC ERODE – Address: 48, STATE BANK ROAD, NEAR P.S.PARK, STATE BANK OF INDIA, ERODE, BEHIND TALUK OFFICE, ERODE – 638001 | IFSC Code: SBIN0011727
  • COMM BR, ERODE – Address: 78 BY 79 CD BUILDING, PARK ROAD, ERODE, TAMILNADU, PIN 638003 | IFSC Code: SBIN0004061
  • RURAL CENTRAL PROCESSING CENTRE (RCPC), ERODE – Address: ERODE, FIRST FLOOR, SBI BUILDINGS, 4, STATE BANK ROAD, ERODE, DIST:ERODE-638001 | IFSC Code: SBIN0013847
  • home loan

    Why to Choose or Go with SBI Home loan in Erode:

    • Package of exclusive benefits
    • Low interest rates. Further, we charge interest on a daily reducing balance!!
    • Low processing charges.
    • No hidden costs or administrative charges.
    • No prepayment penalties. Reduce your interest burden and optimally utilize your surplus funds by prepaying the loan.

    Eligibility required for State bank housing loan

    • 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.

    Eligibility Loan Amount and 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:

    1. 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.
    2. Expected rent accruals (less taxes, cess, etc.) if the house/ flat being purchased is proposed to be rented out.
    3. Depreciation, subject to some conditions.
    4. Regular income from all sources.

    Documents Required for SBI Home loans in Erode:

    Salaried Self Employed
    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

    For more information Toll Free: 1800112211 (Tollfree from BSNL/MTNL)

    Compare SBI Home Loan with other Banks in Erode

    SBI Home Loan 7.90 – 8.45%
    HDFC Home Loan 8.00 – 8.45%
    ICICI Home Loan 8.25 – 8.70%
    LIC Home Loan 8.10 – 8.95%
    DHFL Home Loan 9.75%
    Axis Bank Home Loan 8.55% – 9.20%
    Bank of Baroda Home Loan 8.00% – 9.15%
    Canara Bank Home Loan 8.10 – 8.55%
    Aadhar Home loan N.A
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    Top Banks for Home Loans in India
    Banks Interest Rates
    SBI Home Loan 6.95% - 7.45%
    HDFC Ltd Home Loan 6.95% - 7.50%
    ICICI Bank Home Loan 6.95% - 8.05%
    LIC Housing Home Loan 6.90% - 7.30%
    DHFL Home Loan 9.75%
    Axis Bank Home Loan 7.75% - 8.40%
    Bank of Baroda Home Loan 6.85% - 7.85%
    Canara Bank Home Loan 7.35% - 7.80%
    Aadhar Home loan N.A