Are you looking for home loans? If yes then we have a good news for you. Now you can avail home loans from country’s largest lender, State Bank of India at just 6.95 percent. SBI Home Loans is said to be the largest Mortgage Provider in India.
How to get SBI home loans
A person can take SBI home loans at just 6.95 percent through these convenient ways;
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By visiting the official SBI website - https://homeloans.sbi/
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Login to YONO
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By visiting the nearest State bank of India branch
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Call on 1800 11 2018
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SMS 'HOME' and sent it to 92235 88888
SBI Home Loans so far has helped more than 30 Lakh families fulfil their dream of owning a home. Lets have a look at the features, eligibility, interest rates, fees & documents needed to avail SBI Home Loans.
SBI Loans Features
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Low Rate of Interest
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Low Processing Fee
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No Pre-payment penalty
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No Hidden Charges
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Repayment up to 30 yrs
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Home Loan is available as Overdraft
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Interest Concession for Female Borrowers
Eligibility of SBI Home Loans
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Indian Resident
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Minimum Age must be 18 years
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Maximum Age should be 70 years
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Loan Tenure - up to 30 years
SBI Home loans Interest Rates
To get complete details of new interest rates please click the link given below;
It must be noted that the rate of interest will vary as per the risk score of customer.
Fee Details
Here’s the Consolidated Processing Fee structure - including Advocate Fee and Valuer Fees;
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“0.40 percent of loan amount + applicable GST subject to a minimum of Rs 10000 & maximum of Rs 30000 + GST
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For builder tie up projects where individual TIR & Valuation Is not required - 0.40 percent of loan amount subject to maximum recovery of Rs. 10000 + applicable tax.
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And, if TIR & Valuation is needed then normal charge as mentioned above would be applicable.
Important documents
1.Employer Identity Card
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Loan Application - Complete loan application form duly filled with three passport size photos
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Proof of Identity - PAN/ Passport/ Driver’s License/ Voter ID card
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Proof of Residence - Recent copy of Electricity Bill/ Telephone Bill/ Water Bill/ Passport/ Driving License/ Aadhaar Card
2.Property Papers
3. Account Statement
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Last six months Bank Account Statements held by the applicant
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If any previous loan from any other Banks or Lenders, then Loan account statement of last one year
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Income Proof for Salaried Applicant or Co-applicant or Guarantor
4.Salary Slip of last three months
5. Business address proof
6. IT returns for last three years
7. Balance Sheet and Profit & Loss A/c for last three years
8. Business License Details
9. TDS Certificate
10. Certificate of qualification (for Doctor/CA or other professionals)
For more details visit - https://homeloans.sbi/
