SBI Home Loans

State Bank of India(SBI) is India's largest nationalize bank with its huge network of branches. SBI is considered as a most preferred home loan provider in housing finance sector. It offers home loan with attractive rates that suits to every borrower.

SBI offers home loan for different purposes-to purchase new house/flat, to construct new house, to repair/renovation/alteration/extension of an existing house/flat, to purchase land, etc. It also finances to purchase the household things like furniture and consumer durables.

SBI also offers range of home loan schemes. They are as follows-

-SBI Easy Home Loan

-SBI Advantage Home Loan

-SBI Happy Home Loan

-SBI Life Style Loan

-SBI Home Plus

-SBI Home Line

-SBI Green Home Loan

Features-


Lowest interest rates


Interest rate charged on the daily reducing balance method


Repayment period is up to 70 years of age.


Takeover of an existing loan from other bank/housing finance companies.


Option to avail home loan as a Term Loan or Overdraft facility to save more on interest.


Complimentary international ATM-Debit Card


Complimentary SBI Classic and International Credit Card with waiver of joining and first years fees.



Free personal accident insurance cover


Optional Group Insurance from SBI Life


Option to avail loan at the place of employment or at the place of construction.


Option to club income of borrowers spouse and children to compute loan eligibility amount.


Plus Scheme offers special packages with attractive interest rates to Govt. Employees, Teachers, Employees in Public Sector in Oil Companies.

SBI Bank also gives an option to apply for home loan online itself. You have to visit the SBI website and fill up their home loan online application form. Thereafter, submitting photographs with important documents are very important. The documentation includes identity proof, residential proof, income proof, bank statement,etc.

Keywords: SBI Home Loan, Home Loan, SBI

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About the Author

Habibulla Antule

Habibulla Antule is a financial advisor and consultant and have provided his expertise to many financial institutions for loans and... (show bio)