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Home Loan Opportunity

through
Different Financial Institutions
State Bank of India
Home Loan
State Bank of India Home Loan

• Different schemes of SBI Home Loan:

– SBI Easy Home Loan
– SBI Advantage Home Loan
– SBI Housing Finance Scheme
– SBI Happy Home Loans
– SBI Life Style Loan
– SBI Green Home Loan
– SBI Home Loan Plus
– SBI Home Line
– SBI My Home Campaign
 State Bank of India Home Loan
• Features & Benefits of SBI Home Loan:
–Purchase/ Construction of House/ Flat.
–Purchase of a plot of land for construction of House.
–Lowest Home Loan Interest Rate.
–Extension/ repair/ renovation/ alteration of an existing House/ Flat.
–Purchase of Furnishings and Consumer Durables as a part of the project cost.
–Takeover of an existing loan from other Banks/ Housing Finance Companies.
–Interest charged on the daily reducing balance.
–No penalty on prepayments of home loan.
–No hidden costs.
–Option to club income of your spouse and children to compute eligible loan amount.
–Provision to club depreciation, expected rent accruals from property proposed to compute
eligible loan amount.
–Provision to finance cost of furnishing and consumer durables as part of project cost.
 State Bank of India Home Loan
• Current Rate of Interest:
Loan Schemes 1st Year 2nd Year & 3rd After 3rd Year
Year
SBI HI-FIVE Loan: 8.00% (p.a.) 9.00% (p.a.) 9.00% (p.a.)
Fixed interest rate Floating Interest Rate/ Floating Interest
Loan Amount up to 10.50% (p.a.) Rates/
Fixed IR 10.50% (p.a.)
Rs. 5 Lacs
Fixed IR
SBI Easy Home 8.00% (p.a.) 8.50% (p.a.) 9.00% (p.a.)
Loan: Fixed interest rate Fixed Interest Rate Floating IR/
Loan Amount up to 10.50% (p.a.)
Fixed IR
Rs. 50 Lacs
SBI Advantage 8.00% (p.a.) 9.00% (p.a.) 10.00% (p.a.)
Home Loan: Fixed interest rate Fixed Interest Rates Floating IR/
Loan Amount 11.00% (p.a.)
Fixed IR
Above Rs. 50 Lacs
 State Bank of India Home Loan
• Eligibility Criteria & Documentation for SBI Home Loan:
Salaried
Age 21 Years to 60 Years
Income Rs.1,20,000/- (p.a.)
Loan Amount Offered 5,00,000 - 1,00,00000
Tenure 5 years-20 years
Current Expenditure 2 years
Documentation 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
Self Employed
21 Years to 70 Years
Rs.2,00,000/- (p.a.)
5,00,000 - 2,00,00000
5 years-20 years
3 years
Documentation 1), 2), 5) &
6) will also applicable.
3) Education qualifications
certificate & proof of
business existence
4) Business profile,
7) Last 3 years profit/loss &
balance sheet