INSUBCONTINENT EXCLUSIVE:
Under regular SBI home loans, interest rates for women are slightly lower than that for others.State Bank of India or SBI, the country's
largest lender, offers several home loan products under its personal finance portfolio
Home loan is a product, where customers take loan to buy or renovate house against the same property as collateral
The lender provides these loans at interest rates starting from 8.75 per cent per annum for loans up to Rs 30 lakh, according to its
Under regular SBI home loans, interest rates for women are slightly lower than that for others.SBI Flexipay Home LoanSBI Flexipay home loan
provides eligibility for a higher loan amount exclusively for salaried borrowers, according to SBI's website
It offers customers the option to pay only interest during the moratorium (pre-EMI) period, and thereafter, pay moderated EMIs (equated
employees, according to SBI's website
Individuals who are employees of central or state government which includes public sector banks, public sector undertakings of central
government and other individuals with pensionable services are eligible to apply for this home loan
The loan amount is determined by taking into consideration factors such as applicant income and repaying capacity, age, assets and
liabilities, cost of proposed house/flat etc.SBI Shaurya Home LoanSBI Shaurya home loan scheme is available for the army and defence
It offers lower interest rates, ease of repayment options and longer repayment period of the loaned amount.SBI Pre-Approved Home LoanSBI
Pre-approved loan (PAL) provides sanction of home loan limits to customers before finalisation of the property which enables them to
negotiate with the builder/seller
The loan eligibility is assessed based on income details of the applicant
Non-refundable processing fee as applicable to the home loan are collected at the time of sanction, according to SBI's website.SBI Realty
Home LoanSBI realty home loan allows customer to purchase a plot for construction of a dwelling unit
The construction of the house should take place within 5 years from date the loan has been sanctioned, according to SBI's website
The customer can also avail another home loan for construction of house on plot financed under SBI Realty
The maximum amount of loan that can be offered to a customer can range up to Rs 15 crores with a comfortable repayment of 10 years.SBI
Bridge Home LoanSBI offers bridge home loan for home owners who aspire to upgrade their homes - to bigger homes or better locations, by
