SBI Home Loan For Government Employees To Provide A Remarkable Loan Experience

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SBI not only provides home loan services to the common salaried and self-employed people, but also to the government employees.  So if you are working in a government sector or in Indian Army/Navy and looking for a home loan to finance your property or house at an attractive rate of interest, then you must choose SBI Bank as your home loan provider.  Because it provides a beneficial SBI Home Loan for government employees. Read this article to know about the home loan schemes provided to the government workers and its benefits.
Type Of SBI Home Loan schemes for government employees
SBI Privilege Home Loan: You can avail the benefit of a lower interest rate up to 0.05% on your Home Loan card if you choose the SBI Privilege Home Loan, because the government has extended the check-off facility by collaborating with the SBI Bank. The home loan interest rate is 8.70% per annum for women government workers and 9.10% for the other government employees working in PSB, PSU and government pensioners. The central government employees can transfer their home loan to SBI home loans for a lower EMI on your outstanding balance. You can repay your home loan up to 30 years with ECS, PDC and auto-debit payment methods.
SBI Shaurya Home Loan: SBI Home loan for government employees who are working in the Navy, Army, etc. can avail the advantage of a lower interest rate up to 9.10% per annum on their borrowed loan amount. And women navy/army officials can get an interest rate of 8.70% per annum on their SBI home loan. If you are working in the defense then you can have an option to transfer your home loan to SBI Bank home loan for a reducing EMI offer on your outstanding balance.
Advantages of applying for SBI Home loan for Government employees
Apart from the lower interest rate on your home loan you can also reduce your loan EMI up to 50% post-retirement period. The reduced monthly installment of your SBI Home Loan depends on your current net monthly income. SBI Home Loan for Government Employees also have an option to extend their loan maturity period up to 75 years on the above mentioned schemes and up to 70 years on other SBI home loans. You don’t have to pay any processing fee to the bank if you are a government employee otherwise, but you still need to pay Advocate Fee (AF), CIBIL charge and other charges.
You can simply pay your principal borrowed amount in equated monthly installments (EMI) and the bank is providing you the tools like EMI calculator and eligibility calculator that helps in checking the loan EMI & your loan eligibility. If you are finding difficulty in applying for a desired SBI home loan, then you take the help of a financial advisor or visit the SBI Bank branch for any query. Government employees can also apply for any SBI home loan by visiting the bank official website. All in all, you can enjoy the additional benefits if you are a government employee and applying for an SBI home loan.
Location: India

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