Académique Documents
Professionnel Documents
Culture Documents
Rates
When youre searching for the most affordable home loan interest rates from the market, you should give State Bank of India
a thought. State Bank of India home loan interest rates are one of the best rates that are available to you in India.
About State Bank of India Home Loan Interest Rates
State Bank of India home loan interest rates are one of the most competitive rates that you will get in the market. The rates
are subject to change as per the sole discretion of SBI. The tables given below will help you understand State Bank of India
home loan rates better:
SBI Advantage Home Loan (July 2010)
Interest rate for loans approved between 1st July, 2010 and 30th September, 2010.
Loan amount
Facility Type
Term Loan
9% per annum(Fixed)
2.25% higher than the Base Rate, Presently rate in force being 9.75% per annum.
3.50% higher than the Base Rate existing at the time of readjustment, with an adjustment
occurring every 5 years.
Interest rate for loans approved between 1st July, 2010 and 30th September, 2010.
Loan amount
Facility Type
1.75% higher than the Base Rate, presently rate in force being 9.25% per annum
3.50% higher than the base rate existing at the time of readjustment, with an adjustment
occurring every 5 years.
Loan Amount
Rs.1000/-
Rs.2000/-
Rs.5000/-
Rs.7,000/-
Rs.8,000/-
Rs.10,000/-
Rs.20,000/-
Pre-closure Penalty
You will not be asked to pay any prepayment penalty in case the loan is preclosed from your own source of funds/windfall
profits/savings for which documentary proof is furnished by the customer.
Repayment term of State Bank of India home loans
The maximum repayment period for a SBI home loan is 25 years or the borrower attaining the age of 70 years (by which
time the loan has to be paid in full), whichever comes in the first place.
Repayment holiday/moratorium period for SBI home loans
The moratorium period or repayment holiday will be incorporated into the maximum repayment term of the loan.
The home loan applicants can get more information about SBI Home loan Insurance on the website of bank:
www.statebankofindia.com, www.sbi.co.in, www.onlinesbi.com.
1.
2.
3.
4.
Personal Information: Person seeking to apply for home loan has to mention his personal details like name,
residential address, contact number, gender, date of birth, e-mail id, occupation, official address and contact
number, PAN number and the number of co-applicants(if any).
Property Information: The loan applicant is also required to furnish details of the property he/she is seeking home
loan for. The details include the address of the property and one has to choose the nearest SBI home loan sales
team.
Details Of Income: The loan borrower also needs to mention the details of combined gross monthly income of all
the applicants, joint statutory monthly deductions like PF, different types of applicable taxes etc. of all the loan
applicants. Then comes the column of net monthly income of all the applicants and one also has to mention the
purpose of buying the property self occupation or rent.
Combined repayment dues on all other existing loan schemes availed by all the applicants: In this particular
column one has to mention the loan tenure(period or the duration for which one wants to avail the loan), the
applicable interest rate to be paid on the home loan scheme selected, this will help the loan applicant calculate his
eligibility and the amount of EMI he will have to cough up if he avails a particular home loan scheme.
After filling up all the relevant columns all one is required to do is click the 'Submit' button and can apply for the home loan
online.
With a view to simplify the whole of the banking process the State Bank Of India is offering various online services for the
ease of its customers. The SBI is famous for providing hassle free services in order to not to provide much trouble to its
customers thereby ensuring customer satisfaction. People generally find the banking process slow and annoying and to
make the task uncomplicated the bank has come up with its various online services. The bank has made efforts to reduce
the complexity in offering banking services like account opening, applying for loans and other such services by providing a
separate section on its website where the bank's customers can download forms for products offered by the bank, which
includes forms for following activities related to banking:
a.
b.
c.
d.
e.
Personal banking form - Here you can download forms for opening an account with the bank.
NRI services form - This section is especially for the Indians settled abroad who are interested in availing the
banking facilities provided by the SBI both in India and also in its various offices in foreign countries.
Government Business form - The interested customers can download form for government related business
services and products offered by the bank like the pension forms.
Services form - From here one can download the various forms for miscellaneous services offered by the SBI.
Agriculture/Rural forms - The State Bank Of India also offers umpteen services to the people with a rural
background and they can download these forms and avail SBI's products offered to the people from rural areas.
Loan Amount
Margin (Minimum)
20%
80%
25%
75%
Your spouses income or income of your daughter/son staying with you, given that they have a stable source of
income and his/her salary account is kept with State Bank of India.
Depreciation, dependent on certain stipulations.
Probable rent receivables (minus taxes, surcharges and so on) in case the flat/house being bought is planned to
be leased out.
Steady income from all other sources.
Residence/address proof (photocopies of latest electricity bill/telephone bills/ passport/property tax receipt/Voters
identity card)
Pass Book or bank account statement for past 6 months
Statement about individual assets and liabilities
Signature authentication from current bankers
Copy of Income Tax Returns for past two financial years or TDS certificate on Form 16 properly approved by the
Income Tax Department.
Original Salary Certificate/Pay Slip from employer
Other documents necessary for self- employed individuals/Professionals/other Income Tax assessees:
Certified copies of Income Tax Assessment Orders/Returns for the last three years.
Photocopies of receipts showing Advance Income Tax payment.
Lucknow: sbihelp@sancharnet.in
Mumbai: helpline.lhomum@sbi.co.in
1.
2.
Loan amount
Facility Type
OD (MaxGain) or TL
8% p.a.(Fixed)
9% p.a.(Fixed)
Facility Type
TL
8% p.a.(Fixed)
9% p.a.(Fixed)