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  #1  
February 3rd, 2016, 08:26 AM
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How To Get Home Loan From SBI

Hello, I want to take the home loan from SBI and I want to know that how do I get the loan? Also provide me the details of the loan.
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  #2  
February 3rd, 2016, 08:27 AM
Super Moderator
 
Join Date: Mar 2012
Re: How To Get Home Loan From SBI

Hello, here I am providing you the details of the home loan of SBI as under:

How to get the loan:
The loan of the SBI will get when you apply for the loan in the nearest branch of SBI

Details of loan:
Eligibility:

SBI Home Loan Minimum Age
At least 18 years old

SBI Home Loan Maximum Age
Less than 60 years old

SBI Home Loan Eligible Employment Type
Salaried / Self-employed with regular income

Eligibility on the basis of salary:
SBI Home Loan Minimum Salary
EMI limited to about 50% of monthly income

SBI Home Loan Maximum Loan to property value
Loan capped @ 75% to 90% of property value

Interest rates:
Interest Rate (Floating) For women - 9.50%
For General Customers - 9.55%
Processing Fees Zero Processing Fees
Loan Tenure 30 years

Documents required:
Signed application form with photograph
ID and residence proof
Processing fee cheque
Last 6 months bank statements

Documentation for salaried applicants:
Last 3 months salary-slips
Form 16 or Income Tax Returns

Documentation for self-employed applicants:
Education qualification certificate & proof of business existence
Last 3 years Income Tax Returns with computation of Income
Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account


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