State Bank Of India Home Loan

The most preferred home loan provider. The latest offer is an interest rate concession on GREEN HOMES in accordance with SBI's commitment to Environment protection. Having a vast variety of products to suite every kind of customer. Minimum age limit 18 yrs & Maximum age limit for a Home Loan borrower is fixed at 70 years, i.e. the age by which the loan should be fully repaid.

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

Current Floating Home Loan Interest Rates of SBI

Bank Name Up to 30 Lacs From 30 lacs to 75 Lacs Above 75 lacs
SBI 9.95% p.a.
10.10% p.a.
10.10% p.a.

Eligibility Criteria & Documentation required for SBI Home Loan

  Salaried Self employed
Age 21years to 60years 21years to 70years
Income Rs.1,20,000 (p.a.) Rs.2,00,000 (p.a.)
Loan Amount Offered 5,00,000 - 1,00,00000 5,00,000 - 2,00,00000
Tenure 5years-20years 5years-20years
Current Experience 2years 3years
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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