#1
April 3rd, 2017, 03:08 PM
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State Bank of Mysore Home Loan
My father wants to apply for Home Loan at State Bank of Mysore. So he wants application form. Is there anyone who can provide application to apply for Home Loan at State Bank of Mysore? Also provide information about Interest Rate for this Loan?
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#2
April 3rd, 2017, 03:51 PM
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Re: State Bank of Mysore Home Loan
Here I am giving complete details about Home Loan offers by State Bank of Mysore for your reference: Purpose for Home Loan: Construction or Purchase of a new house or flat Repairs / Renovation / Extension of existing house For purchase of plot for construction of house within two years For purchase of built houses not more than 15 years old Housing loan against II charge For Purchase of Furnishings / Consumer durables as part of the project cost Interest Rate: Housing Loan Maxgain Campaign period 01.10.2016 to 30.11.16 Rs. 25 Lacs and upto Rs. 1 crore(inclusive) 9.55%(10bps above 1 year MCLR) Above Rs. 1 crore 9.65%(20bps above 1 year MCLR) Loan amount Loan amount subject to following EMI/NMI ratio. Net Annual Income Rs. Permissible EMI/NMI Ratio 1) Upto.60,000/- 20% 2) > Rs.60,001/- <=Rs.1,20,000/- 25% 3) > Rs.1,20,001/- to < =Rs.2 lacs 30% 4) > Rs.2 lacs to < =Rs.5 lacs 50% 5) > Rs.5 lacs to < =Rs.10 lacs 55% 6) >= Rs.10 lacs 65% Loan Term Maximum 30 Years Interest type (fixed or floating) Floating Rate Interest chargeable Limit up to Rs.1 Crore MCLR+0.10=9.55 Limit above Rs.1 Crore MCLR+0.15=9.60 Rates are applicable during campaign period from 01.10.2016 to 30.11.2016 Mode of communication of changes in interest rates Website/SMS/News paper Fee payable Processing fee at 0.50% Max. of Rs.7,500/- (Processing fee waived for the campaign period 01.10.2016 to 30.11.2016) On application No Charges During the Term of the loan a) Inspection charge for Rs.25001/-to Rs.2.00 lacs.225/- per Inspn. Max. Rs.600/-p.a. b) Above Rs.2.00 lacs to Rs.10.00 lacs Rs.275/- per inspection Max. Rs.1250/- p.a. c) Above Rs.10.00 lacs to Rs.25.00 lacs Rs.500/- per inspection Max. Rs.3500/- p.a. d) Above Rs.25 lacs Rs.600/- per inspection Max Rs.6000/- p.a. On foreclosure No Charges Fee refundable if loan not sanctioned/disbursed Non refundable EMI payable Rs,845/- per lakh (30 Years) @ 9.55% Rs,849/- per lakh (30 Years) @ 9.60% State Bank of Mysore Home Loan Application Form Contacts Chief Manager State Bank of Mysore Personal & Services Banking Department H .O.: K.G.Road, Bangalore - 560009, INDIA Phone: 91 80 22353901 extn.380 Fax: 91 80 22283684 Email:cmpsb@sbm.co.in |
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