SBI Bank Home Loan

SBI Bank Home Loan

January 31, 2017
Home Sweet home , which is closer to the heart, which everyone wants to possess and decorate with inspirational ideas which can be duplexes, mansions & apartments alike , this dream will come true by SBI Home Loan.



SBI offers several loan products to unleash this dream. SBI has got many awards in the survey conducted by various research agencies, this is the result of best guidelines, ethics, and ideas that have proven from many years of the experience in delighting the customer.

SBI Home Loan have an edge of the below points;-

  • Low Processing Fees.
  • Stack of exclusive benefits.
  • Lower interest rates , with added advantage of daily reducing balance.
  • No Hidden cost or administrative cost.
  • The convenience of paying the excess amount of the loan, this reduces the interest payment for all these pre-payments there are no penalties.
  • Branches spread over the country to cater to the needy people.
  • Home loan also available as an overdraft. To Optimally utilize the surplus funds.

  1. The applicant should be 18 years for salaried class and 21 years for the business class, up to 70 years.
  2. Salaried or Self Employed with regular source of Income.
  3. All appropriate documentation like Form 16 , Salary slip , 3 months Bank Statement for the salaried class and Filled ITR or Form 16 and 6 months Bank Statement for the self employed are the minimum documents required for processing the SBI bank Home Loan.
The foremost step involved in buying the property is locating the property with all the correct property documentation & after the docs are verified thoroughly from your side check your eligibility that matches the lender’s criteria.

Eligibility Criteria for availing SBI Bank Home Loan :

  • Applicants should be between 18 years to 70 years , 21 yrs for the Self Employed.
  • Minimum Income should be Rs.1,20,000 p.a for salaried and Rs. 2,00,000 for salaried persons.
  • Home Loan tenure is one of the vital factor in deciding the home loan process, SBI helps its clientele in selecting the tenure up to 30 years (or) Up to the age of 70 years whichever is lower for the repayment period.
  • Loan eligibility depends on the age of the borrower. Younger people will have more eligibility amount and loan eligibility can be increased by adding spouse as co-applicant.
  • SBI offers up to 90% of the value of property, depending upon the other eligibility criteria.

SBI Home Loan EMI Calculator.


SBI Home Loan EMI calculator helps in calculating the approximate EMI for the Home loan for a particular loan amount and interest rate, along with the tenure .

EMI is calculated per lac of loan, which is augmented with the loan amount.

SBI Home Loan Calculator gives good idea about the EMI charge on the applicant for each month to plan the funds before deciding on the Home Loan.

SBI Home Loan Calculator takes into consideration , loan amount , tenure of the loan and interest rate, which is floating/ fixed to calculate the estimated EMI. This makes it very easy yardstick to get the info.

Below are the glimpse of the SBI Home Loan Calculation.

SBI Home Loan Per Lakh EMI Calculation on Yearly Basis

Interest Rates
Loan Tenure
Lowest EMI Per Lakh
9.10% – 9.30%
30 Years
Rs.822.68 – Rs.826.30
9.10% – 9.30%
25 Years
Rs.856.38 – Rs.859.83
9.10% – 9.30%
20 Years
Rs.915.87 – Rs.919.11
9.10% – 9.30%
15 Years
Rs.1029.19 – Rs.1032.19
9.10% – 9.30%
10 Years
Rs.1280.33 – Rs.1283.05
9.10% – 9.30%
5 Years
Rs.2087.99 – Rs.2090.43

SBI Home Loan EMI Calculator is very low and at a competitive amount per lac of loan.

Which is Rs. 815/- for Men and Rs.812/- for Women.

There are some preferential points for the SBI Bank Loan.

  1. SBI Processing fees charges are very low in the India.
  2. 0% Processing Fee on SBI approved projects till 31st December, 2016.
  3. 0% Processing Fee for takeover of Home Loan proposals till 31st December, 2016.
  4. Presently we have SBI Home Loan Festival till 31.12.2016 which started in early November. This offer saves borrowers to save Rs.21.98 per lac /month and eventually Rs.158,256 for a tenure of 30 years. Which only premier bank like SBI can offer to its customers.
  5. Moratorium Period /Re-payment Holiday which is another aspect which has an edge in deciding the Home loan. SBI Home Loans comes with Moratorium period options.
  6. Borrowers are eligible for the Tax benefits on the interest and principal component of the EMI under the Income TaX Act of 1961.
  7. SBI Home Loan interest rates are modified according the Repo-rates of the RBI.
  8. SBI comes up with various Home Loan products considering the latest trends in the economy , financial market coupled with the policies of the Government.
Below are the SBI Home Loan products at a glance.
  1. SBI Flexipay Home Loan.
  2. SBI Maxgain.
  3. SBI Hope Loan.
  4. NRI Home Loans.
  5. SBI Realty.
  6. SBI PAL
  7. SBI Tribal Plus.
  8. Gram Niwas.
  9. Sahyog Niwas.
  10. SBI Privilage Home Loan.
  11. SBI Shaurya Home Loan.
  12. SBI Top Up Home Loan
  13. SBI Reverse Mortgage Loan.
The above products of the SBI caters in all the sections of the society.which is rare in the banking sector in our country.

In recent times, with more and more Indians go out of the country to pursue their professional desire, NRI Home loans are very frequently opted. With minimum employment tenure in India and abroad for 2 years, with no maximum amount of limit for the loan to opt. This scheme covers a large chunk of NRI, who want to have a dream home in their home town.

SBI Top up Home Loan , is also extensively used product of the SBI Home Loan. In this scheme borrower who has the pleasing track record are extended to the top up loan to meet the additional fund requirements up to Rs. 5,00,000/- with slighter processing fees.


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