With SBI Home Loan apply, you can meet the financial need of buying your own house. After you satisfy SBI Home Loan eligibility, you can opt for SBI Home Loan apply online. The SBI Home Loan interest rate charged is quite low and depends on the eligibility criteria. When you go for SBI Home Loan apply, you must know that SBI Home Loan interest rate begins from 8.35%*. To avoid application rejection, you can use the SBI Home Loan EMI Calculator. By inserting the loan amount, tenure and interest rate, SBI Home Loan EMI calculator gives you the EMI amount that you have to repay. So, at the time of SBI Home Loan apply online, you must check SBI Home Loan eligibility, SBI Home Loan interest rate, and SBI Home Loan EMI calculator.
You must fulfill SBI Home Loan eligibility criteria when opting for SBI Home Loan apply. Your income, age criteria and credit history must be suitable with SBI Home Loan eligibility.
Following are the SBI Home Loan eligibility that you must satisfy when going for SBI Home Loan apply online-
| Age | 18 to 70 years |
| Loan Amount | Max Rs. 3 crores (may vary) |
| Interest Rate | 8.35%* onwards |
| Processing Fees | 0.35% of the loan amount |
| Loan Tenure | 30 years |
| Minimum Income | Rs. 25,000 and more |
| Employment Type | Salaried or Self-Employed |
| Work Experience | For Self-Employed- 5 years For Salaried- 2 years |
Along with SBI Home Loan application form when going for SBI Home Loan apply, you need to submit some important documents. Also, you need to submit the legal property papers to get approval for SBI Home Loan.
Following are the documentation required-
- Passport Size Photograph
- Application Form
- Proof of Identification- PAN card, AADHAAR card, Voter ID card, Passport
- Income Proof for the self-employed applicant- Profit & Loss statement of last 3 year, Audited Balance Sheet, Business Licenses Paper, IT file of last 2 years
- Updated Bank account statement of last 6 months
- Statement of your personal assets
- Income Proof of the salaried applicant- Pay Slip of last 3 months, Form 16
- Address Proof- Driving License, Last 3 months utility bills like Gas or Electricity Bill
- Complete record of your existing liabilities
- NOC from the society or builder
- Registered Sale Agreement
- Maintenance or Electricity Bill, Property Tax Receipt
- Stamped Sale Agreement
- Occupancy Certificate
To suit different needs, SBI Home Loan offers customized products. Following are the different scheme of SBI Home Loan-
- SBI Regular Home Loan
- SBI Flexipay Home Loan
- SBI Realty Home Loan
- SBI NRI Home Loan
- SBI Home Top Up Loan
- SBI Privilege Home Loan
- SBI Smart Home Top Up Loan
- SBI Shaurya Home Loan
- SBI Corporate Home Loan
- SBI Bridge Home Loan
- Insta Home Top Up Loan
- SBI Tribal Plus
- SBI Commercial Real Estate (CRE) Home Loan
- SBI Earnest Money Deposit
