INSUBCONTINENT EXCLUSIVE:
SBI Home Loans has helped over 30 lakh families to achieve the dream of owning a home, SBI said.
State Bank of India (SBI) offers affordable home loans with an interest rate starting
at 8.35 per cent per annum
SBI Home Loans has helped over 30 lakh families to achieve the dream of owning a home, SBI said on its website homeloans.sbi
Customers can avail up to Rs.2.67 lakh interest subsidy under Pradhan Mantri Awas Yojana (PMAY) Credit Linked Subsidy Scheme (PMAY-CLSS),
which offers subsidy for construction or building of house to weaker sections of society
SBI offers many home loan products like, SBI NRI home loan, SBI Flexipay home loan, SBI Privilege Home Loan, SBI Shaurya Home loan, and SBI
Pre-Approved Home Loan among others.Different home products of SBI cater to different needs and customers.Given below is the comparison of
five home loan products of SBISBI NRI Home LoanSBI NRI Home Loan allows many non resident Indians (NRIs) to get home loans when investing in
Financially, it makes sense to purchase a property through a home loan rather than via personal financing, especially when you can invest
your personal funds somewhere else for better returns.SBI Flexipay Home LoanSBI Flexipay Home loan provides eligibility for a higher loan
amount exclusively for salaried borrowers
It offers customers the option to pay only interest during the moratorium (pre-EMI) period, and thereafter, pay moderated EMIs (equated
The EMIs will be stepped-up during subsequent years
This variant of SBI home loan is very useful for young earners
SBI Flexipay home loan has the potential to lure a large section of home loan buyers towards SBI.(: HDFC Home Loan - Get Ready To Pay Higher
EMIs As HDFC Raises Lending Rates)SBI Shaurya Home LoanSBI Shaurya Home Loan scheme is dedicated to the army and defence personnel of the
This special home loan scheme is only provided to defence employees
SBI Shaurya Home loans have lower interest rates and other added benefits that are only provided to defence employee applicants
Apart from reduced interest rates on home loans, defence employees are also be offered ease of repayment options and may get longer
repayment period of the loaned amount.SBI Privilege Home LoanSBI launched SBI Privilege Home Loan exclusively for government employees
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 will be determined by taking into consideration factors such as applicant income and repaying capacity, age, assets and
liabilities, cost of proposed house/flat etc.(: From Home Loans To Market Trends, 10 Factors To Consider When Buying A Second Property)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 confidently
The loan eligibility will be assessed based on income details of the applicant
Non-refundable processing fee as applicable to the home loan will be collected at the time of sanction, said SBI.
