Banks in India Indian Banks » HOME LOANS REVIEW » SBI Home Loan Review| SBI Home Loan

SBI Home Loan Review| SBI Home Loan

SBI Home Loan Overview:

There are number of finance companies offering cheap home loans. State Bank Of India is one such government bank, which understands your needs and helps you to purchase the homes of your dreams. A lot of hard work goes into building a home, owning it and then decorating it.

State Bank of India understands your efforts and for that matter they have designed their Home Loan schemes in a way to make the process hassle free and full transparency has been offered. The Unique Features of their Home Loan Schemes are no cap on maximum loan amount for purchase or construction of house or flat. They give an option to club the income of your partner and children to compute eligible loan amount. You can repay the loan up to 70 years of age.

They have a package for exclusive benefits like complimentary international ATM- Debit card. They provide complimentary SBI Classic and International Credit Card with waiver of joining and first year’s fees.

SBI provides an option for E-Banking. There is a concessional package for home loan borrowers. The home loan schemes also have free personal accident insurance cover. They charge no administration fee or application fee.

SBI Home Loans for various purposes such as: for the purchase or construction of a new house or flat, purchase of an already built house or flat and if you want to buy a plot of land for construction of house. SBI Home Loan is also provided if you want to undertake extension, repair, renovation, and alteration of an existing house or flat, if you wish to buy furniture, furnishings and other commodities for your home.

SBI Home Loans Highlights
Interest Rate11.25%
Loan AmountMin. – Rs 100000
Max. – Rs 20000000
TenureMin. – 5 Yrs.
Max. – 20 Yrs.
Time to Process Loan7 days

SBI Home Loan Interest Rates

TenureInterest TypeInterest RateOffer
20 – 25 Yrs.Floating11 %
15 – 20 Yrs.Floating11 %
10 – 15 Yrs.Floating10.75 %
5 – 10 Yrs.Floating10.75 %
1 – 5 Yrs.Floating10.5 %
5 – 10 Yrs.Fixed12.75 %
1 – 5 Yrs.Fixed12.75 %

SBI Home Loan Fees & charges

Processing Fee0.5 %

SBI Home Loan Eligibility Criteria

Salaried:
Annual IncomeRs 140000
AgeMin.: 25 Yrs. Max.: 55 Yrs.
Documents Required:
ID ProofYes
Residence ProofYes
Income ProofYes
TelephoneNo
PhotographYes
Bank StatementYes
Signature ProofYes

{ 6 comments… read them below or add one }

Sandeep kuwade
Shantimoy Mandal
sushama bhor December 14, 2009 at 8:15 am

Hi,
I m sushama & i want to do career in banking sector, i have experience in ICICI Bank Home Loan, but now i m in insurance sector. How i can find a job in Banking sector.

Anonymous October 22, 2009 at 11:16 pm

Never have the intention to get a Housing Loan from SBI. Excluding the SBI official, all others (Valuers, Engineers, other middlemen) involved in the home loan processing are in need of something under the table to move your papers further.
There are few, who sits inside the SBI and says that he initiates the home loan stuff for you. Never trust that person. He never does any job. I would say he is one of the USELESS person I have ever met.
Unless you know some person in RACPC (Home Loan Dept of SBI), you wont get loan atleast in a span of 6 months time.

Nitin Batra September 21, 2009 at 9:43 am

I am satisfied from rates. I want loan. I ahve checked all eligicility from . But to Whome should i contact for application form?

jyoti August 25, 2009 at 3:00 pm

hi
this is jyoti .me presuring MCA 6th sem.i want to search a job in banking sector.how can i apply for the banking job.

Previous post:

Next post: