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January 21st, 2016, 11:12 AM
Super Moderator
 
Join Date: Mar 2012
Re: State Bank of India Home Loan Eligibility

As you want to get SBI Home Loan and for it asking about eligibility and document info , so here is require info:

State Bank of India (SBI), has many home loan schemes tailored to the needs of customers including SBI Maxgain,

SBI Home loan Details:
Interest rates 9.50% - 9.55%
Processing fees Festive Offer* Zero Processing Fee
*Valid till 31-03-2016
Prepayment charges Nil
Repayment options 30 years
Loan to Value Upto 90%
Max. loan amount upto Rs.10 crore

Eligibility Criteria
Salaried Self employed
Age 18 years to 70years 21 years to 70years
Income Rs.1,20,000 (p.a.) Rs.2,00,000 (p.a.)
Loan Amount Offered 5,00,000 - 1,00,00000 5,00,000 - 2,00,00000
Tenure 5years-20years 5years-20years
Current Experience 2years 3years

Documents require :
For Salaried
1) Application form with photograph
2) Identity & residence proof
3) Last 3 months salary slip
4) Form 16
5) Last 6 months bank salaried credit statements
6) Processing fee cheque

For Self employed
1) Application form with photograph
2) Identity & residence proof
3) Education qualifications certificate & proof of business existence
4) Business profile,
5) Last 3 years profit/loss & balance sheet
6) Last 6 months bank statements
7) Processing fee cheque

Repayment period: Maximum 30 years (or) Up to the age of 70 years (the age by which the loan should be fully repaid) of the borrower, whichever is early.


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