This is one of the first choice that loan applicants look for a home loan. There are multiple schemes under the home loan division that offer every customer an opportunity to go for their dream home. To name a few are SBI Maxgain, SBI Realty, SBI Home Plus & NRI Home Loans. The low interest rates, ease of application, minimal processing fee, no prepayment fees are few of the features that distinguishes these products from the rest.
SBI Home loan Fees Charges and Intrest Rates
Interest Rate : For women - 9.3%
For General Customers - 9.35%
SBI Flexipay - 9.35%
Processing Fees : 0.35% of Loan Amount, Maximum of Rs.11,500
Loan Tenure : 30 years
SBI Flexipay - 25 to 30 years
Guarantor : No Requirement
Pre-closure Charges : Nil
Check the factors first
EMI you are eligible up to 50 % of income.
Finances 80 % of project value
Any other EMI can lower down your eligibility
Know if you’re eligible for the loan
Minimum entry age: 18 years
Maximum age: 60 years
Income: Salaried & self employed
Why don’t you increase your loan eligibility?
Add Co applicant as your spouse her income can also be added to increase your eligibility
Choose longer tenure for eligibility maximisation.
Add your parent also as co applicant and increase your eligibility
What are the documents needed?
1. Application form with photograph duly signed
2. Processing fees
3. Latest 6 months Statement of bank account
4. ID Proof with Photo
5.Address Proof with Photo
6. Documents required for self employed
7. Documents for salaried