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SBI Home Loan
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Current Floating Home Loan Interest Rates of SBI
Up to 30 Lacs |
From 30 lacs to 75 Lacs |
Above 75 lacs
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10.75% |
11%
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11.25% |
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 Rates.
- Extension/ repair/ renovation/ alteration of an existing House/ Flat.
- 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
Eligibility Criteria & Documentation required for SBI Home Loan
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Salaried |
Self employed |
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Age |
21years to 60years |
21years to 70years |
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Income |
Rs.1,20,000 (p.a.) |
Rs.2,00,000 (p.a.) |
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Loan Amount Offered |
5,00,000 - 1,00,00000 |
5,00,000 - 2,00,00000 |
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Tenure |
5years-20years |
5years-20years |
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Current Experience |
2years |
3years |
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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 |
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