State Bank Of Patiala provides Home Loan to purchase of new home, construction or renovation of home.

Home Loan

Rate of Interest (Annually)-
0.10% above MCLR i.e. 9.60%

Loan amount-
No limit for Minimum or Maximum loan amount

Loan Term

Upto 30 Years subject to liquidation of loan before the borrower reaches the age of 70 years(5 years age relaxation for pensioner’s i.e. loan fully repaid before age of 75 years)

Interest Type (Floating or Fixed)-
Floating

Processing Fee:-

0.35% of the Loan amount plus applicable Service tax (with a minimum of Rs.2000/- plus applicable service tax and maximum of Rs.10000/- plus applicable service tax)

Penalty for delayed payments-

Upto Rs.25000/- Nil

> Rs.25000/- (TL) if irregularity exceeds EMI or installment amount, for a period of one month, then penal interest should be recovered @2% p.a (over and above the applicable interest rate) on the overdue amount for the period of default

> Rs25000/- (OD account) – penal interest @ 2% on the entire outstanding for the period of default, over and above the applicable rate will be charged from the day the account is rendered irregular

EMI Payable
Repayable in Monthly instalments

Customer service: 1800 180 2010