SBI Home Loans come to you on the solid foundation of trust and transparency built in the tradition of SBI. It includes options for purchase of ready built property, purchase of under construction property, purchase of pre-owned homes, construction of a house, extension of house and repair/renovation.
Key Features & Benefits:
♦ Home Loan Products to match every customer Requirement.
♦ Low-Interest Rates
♦ Low Processing Fee
♦ No Hidden Charges
♦ No Prepayment Penalty.
♦ Interest Charges on Daily Reducing Balance.
♦ Repayment up to 30 Years
♦ Home Loan Available as Overdraft.
♦ Interest Concession for Women Borrowers..
How it Works:
♦ Customer opts for a SBI Home Loan while filling up the Application form
♦ Home Loan is sanctioned in the usual manner
♦ Savings A/c is opened in SBI unless the customer already has an account in SBI
♦ Home Loan is disbursed in the usual manner
♦ Customer receives for the SBI Bank A/c - Cheque Book, Internet Banking, ATM card etc.
♦ Customer can immediately start parking funds in this account and use it like a Bank A/c
♦ Interest is charged only on the Principal Outstanding minus any excess funds parked in the account calculated on a daily basis, similar to an Overdraft account
♦ Salaried Individuals
♦ Self-Employed Professionals like Doctors, CAs, Architects
♦ Self-Employed Businessmen
♦ For New / Old Home Purchase
♦ For Home Construction
♦ For Plot Purchase + Construction
♦ Balance Transfer
♦ Minimum 50 lacs and Maximum - As per Income
♦ Upto 22 years for Home Purchase
Home Loan Interest Rate:
♦ SBIHome Loan interest range from 6.95%
Click here to compare Home Loan interest rates with other Banks
Type of Interest Rates:
♦ Only Floating rates are available
♦ Upto 0.30% + GST
♦ Normal Home Loan Documentation is required. Click here to know more
♦ 0% for Floating rate home loans
♦ Same as for SBI Home Loan above
Pradhan Mantri Awas Yojana (PMAY) Interest Subsidy:
♦ SBI SuperHome Loans are eligible for Interest Subsidy under the PMAY Scheme.
Click here to calculate your interest subsidy amount…
Click here to Apply for SBI Regular Home Loans