Believe it or not, but you can avail home loans from India's largest lender, State Bank of India (SBI), at just 6.95%. SBI Home Loans is the largest Mortgage Provider in the country. You can avail SBI home loans at just 6.95% through these 6 convenient modes:- 

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

1-Login to YONO

2-Visit www.homeloans.sbi

3-Apply through www.psbloansin59minustes.com

4- Call on  1800 11 2018

5- Visit the nearest SBI Branch

6- SMS 'HOME' to 92235 88888

As per SBI Home Loans, the lender has successfully helped over 30 Lakh families achieve their dream of owning a home. Here are features, eligibility, interest rates and fees and documents required to avail SBI Home Loans:-

Features

-Low Interest Rates
-Low Processing Fee
-No Hidden Charges
-No Pre Payment Penalty
-Interest charges on Daily Reducing Balance
-Repayment up to 30 years
-Home Loan Available as Overdraft
-Interest Concession for Women Borrowers

Eligibility

-Resident Type: Resident Indian
-Minimum Age: 18 years
-Maximum Age: 70 years
-Loan Tenure: up to 30 years

Interest Rates

FULL DETAILS OF LATEST INTEREST RATES:

https://homeloans.sbi/downloads/INTEREST%20RATE%20W.E.F%20FROM%201st%20J...

-Interest rate will vary as per the risk score of the customer

- Based on Loan-to-Value (LTV) Ratioof the Customer

Fees

-Consolidated Processing Fee structure (including Advocate Fee and Valuer Fees) will be as under:

A)- “0.40% of the loan amount plus applicable GST subject to a minimum of Rs 10000/- and maximum of Rs 30000/- plus GST.

B)- However, for builder tie up projects where individual TIR and Valuation Is not required: 0.40% of loan amount subject to max. recovery of Rs. 10000/- plus applicable tax.

And, if TIR and Valuation is required, then normal charge as mentioned above will be applicable.

List of papers/ documents applicable to all applicants:

Employer Identity Card
-Loan Application: Completed loan application form duly filled in affixed with 3 Passport size photographs
-Proof of Identity (Any one): PAN/ Passport/ Driver’s License/ Voter ID card
-Proof of Residence/ Address (Any one): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ -Piped Gas Bill or copy of Passport/ Driving License/ Aadhar Card

Property Papers:

-Permission for construction (where applicable)
-Registered Agreement for Sale (only for Maharashtra)/Allotment Letter/Stamped Agreement for Sale
-Occupancy Certificate (in case of ready to move property)
-Share Certificate (only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
-Approved Plan copy (Xerox Blueprint) & Registered Development Agreement of the builder, -Conveyance Deed (For New Property)
-Payment Receipts or bank A/C statement showing all the payments made to Builder/Seller

Account Statement:

-Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s
-If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year
-Income Proof for Salaried Applicant/ Co-applicant/ Guarantor:

Salary Slip or Salary Certificate of last 3 months
Copy of Form 16 for last 2 years or copy of IT Returns for last 2 financial years, acknowledged by IT Dept.

Income Proof for Non-Salaried Applicant/ Co-applicant/ Guarantor:

-Business address proof
-IT returns for last 3 years
-Balance Sheet & Profit & Loss A/c for last 3 years
-Business License Details(or equivalent)
-TDS Certificate (Form 16A, if applicable)
-Certificate of qualification (for C.A./ Doctor and other professionals)