State Bank of India SBI Yuva Home Loan will provide 20% higher loan amount than the standard home loan schemes.

SBI Yuva Home Loan

Features –

Targeted at people from the young income group, this loan scheme will provide 20% higher loan amount than the standard home loan schemes.

Under this scheme, only the interest charges are payable during the first 36 months of the loan tenure. Payment of principal amount along with residual interest charges begins after this period.

The loan repayment tenure can stretch up to 30 years or up to the age of 70 years, whichever is earlier.

Eligibility Criteria -

Minimum monthly net income from all sources (except rental income from the proposed property) should be at least Rs.30,000.

The applicant should be a salaried employee working in MNCs, Private sector companies, PSUs, Government undertakings etc.

The applicant should be between the age group of 21 to 45 years.

SBI Yuva Home Loan Interest Rate:

The SBI Yuva Home Loan scheme offers customers extremely attractive rates on interest on their housing loans, making this particular scheme among the bank’s most popular loan products.

The SBI Yuva home loan interest rates are as follows:

Category of Borrower Rate of Interest
Women 9.40% per annum
Any other applicant 9.45% per annum

Customer service: 1800 425 3800