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SBI Home Loan


SBI home is considered as big daddy of home loan. SBI home loan been voted as ?'the most preferred home loan provider? within 21 cities across the country in AWAAZ Consumer awards by a survey conducted with the association of AC Nielsen-ORG marg by TV-18.

State bank has largest housing loan branches across the country that will help them to connect the customer rapidly.

 

SBI home loan india offers loan for purchase or construction of housing property, extension or improvement in the property and takeover of existing loan, purchase of a land and construction on the same, known as composite loan.

 Loans are offered up to 90% of the agreement value of the property when the loan amount is less than 20 lakhs and 80% of the agreement value if the loan amount is more than 20 lakhs. Please note that, registration charges, stamp duty, etc are no longer been considered by the lenders.

 Features:

Age eligibility: Entry age is 18 years. 60 years for salaried and 65 years for self employed by which the loan amount should be fully repaid. This can be extended to 70 years, if the borrower convinces the lender about the income availability after the retirement.

Loan amount: Factors like Individual?'s age, income, assets and liabilities, cost of the proposed house property, credit history and repayment capacity, etc. are taken in to consideration to calculate the loan amount.

Applicant can enhance the amount by allowing family member as co-applicant in the loan application. Family members include spouse, children and parent.

Interest rate: SBI home loan interest rate offers lowest interest rate in the industry. SBI do not provide home loan with fixed rate of interest but offers loan with only floating rate of interest. Floating rate of interest can fluctuate whenever there is any change in the base rate.                                                         

  

  

 

Loan amount

Interest rate

 

Women

Others

Up to 75 lakhs

10.10%

10.15%

Above 75 lakhs

10.25%

10.30%

 

                       

 Processing fees:

 

Loan amount

Processing fees

Up to Rs. 25 lakhs

0.25% of loan amount or minimum Rs.1000

From Rs. 25 lakhs and up to Rs.75 lakhs

Rs.6,500/-

Above Rs.75 lakhs

Rs.10,000/-

 

 

 SBI Home Loan EMI: EMI/per lac in the floating home loan is Rs.971.66 on the basis of interest rate 10.10% for 20 years tenure.

 SBI Home Loan Repayment: Maximum 30 years is the tenure offered by SBI or by age of 70 years the loan amount should be fully repaid. Foreclosure charge and prepayment penalty is NIL.       

Some of the product schemes of SBI housing loans are as follows:

 SBI MAXGAIN: This scheme will facilitate the borrower to park the surplus amount and withdraw the same whenever required. Loan is sanctioned as an overdraft with flexibility to operate home loan account like current and saving account. Loan amount- Minimum Rs. 5 lakhs and no cap on maximum amount.

 SBI REALTY: This product will help the borrower to purchase a plot for construction of house. Construction should commence within 2 years after the loan is availed.

Loan amount: Rs.10 crores

Maximum tenure: 15 years

 GRAM NIWAS: This product offers loan to all rural and Semi-urban centers having population up to 50,000 as per 2001 census. Loans are sanctioned for the purpose of construction/purchase, improvement of housing property and purchase of plot and construction on the same.

Loan amount: 

  •  Minimum loan amount- Nil
  • Maximum loan amount- Rs. 5 Lacs
  • Repayment Period: Maximum tenure is 15 years

 

SBI YUVA: It provides 20% higher loan amount than the normal loan eligibility to salaried employees of private sector companies/MNC, PSU and the government employees. Only the interest amount is payable in the first 36 months. The regular EMI will start after 36 months. Age between 21 years to 45 years and net monthly income should be Rs.30,000/-.


Hide Bank addresses

Bank Address of SBI Home Loan in India
Ujjain - Madhav Nagar
Area
Madhav Nagar
Address
University Road, Ujjain, M.P
Pincode
456001
City
Ujjain
State
Madhya Pradesh
Hyderabad - Filmnagar
Area
Filmnagar
Address
Appolo Hospital Road, Journalist Colony, B-48, Appollo Centre, Jubillee Hills, Hyderabad, Andhra Pradesh
Pincode
500033
City
Hyderabad
State
Andhra Pradesh
Dhanbad - Sindri
Area
Sindri
Address
Dhanbad, Jharkhand
Pincode
828122
City
Dhanbad
State
Jharkhand
Thrissur - Chowannur
Area
Chowannur
Address
1/241, Vadakkancheery Road, Chowannur, Thrissur, Kerala
Pincode
680503
City
Thrissur
State
Kerala
Pudukottai - Alangudi
Area
Alangudi
Address
74 Tiruvalluvar Salai, Alangudi, Pudukottai, Tamil Nadu
Pincode
622301
City
Pudukottai
State
Tamil Nadu
Tamilnadu - Kannamangalam Adb
Area
Kannamangalam Adb
Address
4, Sembadavar Street, Arni Tlk, Thiruvannamalai, Tamil Nadu
Pincode
632311
City
Tamilnadu
State
Tamil Nadu
Indore - Jamli Vb
Area
Jamli Vb
Address
Indore, Madhya Pradesh
Pincode
453643
City
Indore
State
Madhya Pradesh
Ernakulam - Kothamangalam (Boc)
Area
Kothamangalam (Boc)
Address
P B No 11, Alwaye Munnar Road, Kothamangalam, Ernakulam, Kerala
Pincode
686691
City
Ernakulam
State
Kerala
Mumbai - Commercial BranchDadar
Area
Commercial BranchDadar
Address
Bullet 2/802/10, Lakhanshi Nappu Road, Opp.Raja Chhatrapati Shivaji Vidyalaya, Dadar e,Mumbai
Pincode
400014
City
Mumbai
State
Maharashtra
Jaipur - Ind Est Vishwakarma
Area
Ind Est Vishwakarma
Address
Rajasthan, Jaipur
Pincode
302013
City
Jaipur
State
Rajasthan
More....
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