SBI Housing Loan: Easy To Make Own Home

The state bank of India can offer various types of housing loan you should check your requirement according to that select one and make your home sweet home. All SBI housing loan comes with attractive schemes, easy repayment option, and charges. Let’s find out their different SBI housing loan options.

Regular Home Loan: This one most demanding loan in India. With a regular home loan, the bank can offer the lowest interest rate.

SBI Top-Up Home Loan: Through this scheme, those customers already take SBI housing loan from the bank and need more money will raise a top-up home loan. This money can work for home renovation, construction, or any other personal need. It is far better than a personal loan with a lower rate.

Smart Home Top-Up Loan: Other than normal top-up for existing or new customer home loan, it’s a smart home top-up loan. This can get without any documents. For that, need to visit the nearest bank branch. To get the offer should be between 18 to 70 years, you can get a loan for a maximum 20 years, the maximum loan amount can get Rs 5 lakhs, and CIBIL score at least 550 or above.

Insta Top-Up Home Loan: This scheme specially designed for existing customers who can get the home loan top-up service online via the official website. For Insta top-up home loan whole process will go online easily.

SBI Flexipay Home Loan: This available for a salaried or working professional who applies for an SBI home loan. Salaried applicants should minimum two years of experience and age between 21 to 45 years. The scheme is available for a maximum repayment period of 25 to 30 years with a loan amount of Rs 20 lakh or above.

SBI Maxgain Home Loan: You can get the amount of above Rs 20 lakhs, and there is no maximum limit.

SBI NRI Home Loan: This scheme for non-residential Indian or person of Indian origin and have a regular source of income.

SBI Realty Home Loan: You can get this when you want to purchase a plot. The maximum loan can get Rs 10 crore for a maximum of 15 years.

SBI Pre-Approved Loan: Before finalization of the property can sanction the loan.

Tribal Plus Home Loan: Those living in the hilly or tribal area can get this benefit to purchasing a home or flat. The maximum loan amount can get Rs 10 lakh for a maximum of 15 years.

Privilege Home Loan: Those have central, state government and other individuals with pensionable service can get this scheme.

Corporate Home Loan: This can offer loan for both government or private companies. You should be an existing customer or a debt-free company and must be in the line of business for at least three years.

Bridge Home Loan: It’s a short-term loan and borrower doesn’t want to worry about their dream home down payment.

SBI Housing Loan Interest Rate

Before you can apply for a loan should know SBI housing loan interest rate. They divide into different categories interest rate for salaried women 8.70% to 9.05%, self-employed women 8.85% to 9.20%, salaried others 8.75% to 9.10%, and self-employed others 8.90% to 9.25%. For all categories tenure up to 30 years.

Do you know to get the housing loan you should check online eligibility criteria too? Yes, you can check easily through the online site. For a salaried individual age should be between 18 to 70 years and for self-employed 21 to 70 years with Rs 1,80,000 per annum income.