State Bank Of India Home Loan
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The Most Preferred Home Loan provider SBI Bank offers a Home Loan with Attractive Interest Rates with Latest Schemes and Benefits. SBI also provides a Housing loan with different schemes. Schemes Are:-
1. SBI Easy Home Loan
2. SBI Advantage Home Loan
3. SBI Housing Finance Scheme
4. SBI Happy Home Loans
5. SBI Life Style Loan
6. SBI Green Home Loan
7. SBI Home Plus
8. SBI Home Line
9. SBI MY HOME CAMPAIGNFeatures & Benefits of SBI Home Loan
• Purchase/ Construction of House/ Flat
• Purchase of a plot of land for construction of House
• Lowest Home Loan Interest Rate..
• Extension/ repair/ renovation/ alteration of an existing House/ Flat
• Purchase of Furnishings and Consumer Durables as a part of the project cost.
• 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
• Provision to club depreciation, expected rent accruals from property proposed to compute eligible loan amount
• Provision to finance cost of furnishing and consumer durables as part of project costCurrent Rate of Interest
Loan Schemes 1st Year 2nd and 3rd year After 3rd Year SBI HI-FIVE Loan
Loan Amount upto Rs. 5 Lacs8.00% (p.a.)
Fixed interest rate9.00% (p.a.)
Floating Interest Rates
OR
10.50% (p.a.)
Fixed Interest Rates9.00% (p.a.)
Floating Interest Rates
OR
10.50% (p.a.)
Fixed Interest RatesSBI Easy Home Loan
Loan Amount upto Rs. 50 Lacs8.00% (p.a.)
Fixed interest rate8.50% (p.a.)
Fixed Interest Rate9.00% (p.a.)
Floating Interest Rate
OR
10.50% (p.a.)
Fixed Interest RateSBI Advantage Home Loan
Loan Amount Above Rs. 50 Lacs8.00% (p.a.)
Fixed interest rate9.00% (p.a.)
Fixed Interest Rates10.00% (p.a.)
Floating Interest Rate
OR
11.00% (p.a.)
Fixed Interest RateNote:- Interest rate after three years may be Fixed or Floating as per the borrower’s choice made at the time of sanction.
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 cheque1) 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 chequePublished on August 4, 2010 · Filed under: Home Loan, State Bank Of India Home Loan;
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