State Bank of India
"THE MOST PREFERRED HOME LOAN PROVIDER" voted in AWAAZ Consumer Awards along with the MOST PREFERRED BANK AWARD in a survey conducted by TV 18 in association with AC Nielsen-ORG Marg in 21 cities across India. SBI HOME LOANS now offers Interest Rates concessions on GREEN HOMES in accordance with SBI's commitment to Environment protection. SBI Home Loans come to you on the solid foundation of trust and transparency built in the tradition of State Bank of India.
|Loan Amount||Up to 90%|
|Interest Rate||10.3% to 10.5% p.a. (depending upon the amount)|
|Tenure||Maximum 30 years or up to the age of 70 years|
|Pre Payment Charges||Nil|
0.25% of the loan amount , minimum Rs.1000/- for less than 25 lacs. Above Rs.25 Lacs and upto Rs.75 Lacs is Rs.6500/-. Above 75 Lacs Rs.10000/-
Eligibility Criteria : Home Loan
|Age||18 to 70 years||18 to 70 years|
|Income||Availability of sufficient, regular and continuous source of income for servicing the loan repayment.||Availability of sufficient, regular and continuous source of income for servicing the loan repayment.|
|Job Experience||Job experience not provided||Job experience not provided|
|Residence Proof||Residence proof not provided||Residence proof not provided|
Docs Required : Home Loan
|ID Proof||PAN Card/ Voters ID/ Passport/ Driving License||PAN Card/ Voters ID/ Passport/ Driving License|
|Address Proof||Recent Telephone Bill/ Electricity Bill/ Property tax receipt/ Passport/ Voters ID||Recent Telephone Bill/ Electricity Bill/ Property tax receipt/ Passport/ Voters ID|
|DOB Proof||10th class certificate||10th class certificate|
• Completed application form
• Proof of business address in respect of businessmen/ industrialists
• Statement of Bank Account/ Pass Book for last 6 months with Personal Assets and Liabilities statement and Proof of business address for non-salaried individuals.
Other Charges : Home Loan
Actual charges for the following will be payable by the customer in addition to the processing fee:
a) Pre-sanction :
(i) Advocate's fee for property search and the title investigation report.
(ii) Valuer's fee for valuation report.
b) Post-sanction :
(i) Stamp duty payable for Loan agreement & mortgage.
(ii) Property insurance premium.
(iii) Processing fee recovered.
Pre-closure / Pre-payment Penalty - NIL