Home loans : State Bank of India (SBI) Home Loans

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.
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 CAMPAIGN

Current Floating Home Loan Interest Rates of SBI

Bank Name	Up to 30 Lacs	From 30 lacs to 75 Lacs	Above 75 lacs
SBI	10.75%	11%	11.25%

Note:- Interest rate after three years may be Fixed or Floating as per the borrower’s choice made at the time of sanction.
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 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 cost


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

Other Products from SBI (State bank of India)

1. SBI Home Loan

2. SBI Personal Loan

3. SBI Housing Loan

4. SBI Card

Information on deposits & Loan Schemes and services also available. Call 1800112211

(Tollfree from BSNL/MTNL)

Registered Office-State Bank of India

State Bank Bhavan Central Office 8th Floor,

Madame Cama Marg, Nariman Point,

Mumbai - 400021

Maharashtra - India

Disclaimer : Please note that the interest rates and eligibility criteria given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated .Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates.

About The Author Of This Article:

Hello, My Name Is Muhammad Hassan And I Am The CEO, Founder Of EXEIdeas International. I Blogs At EXEIdeas And Also Love Coding And Designing. Currently I Design Some Work For You That You Can Check At EXEIdeas International Official Site. We Also Have A Lots Of Project Currently Live Oneline That You Can Also Check On Our Official Site.

Stay Connected With Me On GooglePlus, Facebook And Twitter