|
|
| Home » SBI Bank » Home Loan |
|
|
SBI Home Loan |
SBI home loan is one of the best ways to finance a home without facing any financial strain in the future. State Bank of India is one of the oldest and largest nationalized banks in India. The bank is the leading providers of home loans and it has helped a large number of low and middle income groups in the country to purchase their dream home. The bank is well known for offering a range of world-class banking services to fulfill the needs of the common peoples. A wide array of SBI Bank home loans are made available to eligible borrowers. These home loans can be obtained for a number of purposes that include purchase or construction of new house, purchase of existing house, and purchase of land for constructing a house or improvement or renovation of an existing house.
SBI Home Loan Rates
Home loan interest rates offered by State Bank are quite competitive and they are considered as low in the loan market of India. The bank offers different interest rates for its three types of home loan programs namely SBI HI-Five Loan, SBI Easy Home Loan and SBI Advantage Home Loan. At present, the bank has 8% p.a. fixed rate for the first 60 months on Hi-Five that allows borrowers to get up to Rs. 5 Lacs. From 61st month of the loan term, the bank offers a floating rate of 2.75% below SBAR. On Easy Home Loan or loans up to Rs. 50 Lacs, the bank has a fixed rate of 8% p.a. for the first one year. In this loan option, the rate of interest for the next two years will be fixed at 8.5% p.a.
|
|
|
SBI Home Loan Features
State Bank of India home loan and loan against property comes with a range of features that are quite impressive for the borrowers and home buyers. Some of most popular features of SBI home loans are listed below:
- Repayment is permitted up to 70 years of age
- SBI offers no cap on maximum home loan amount for purchase or construction of house
- Option to club income of your partner and children to calculate eligible loan amount
- Completely free personal accident insurance cover
- Provision of on spot approval and delivery of loan amount within 6 days
- Group Insurance policy from SBI Life having lowest possible premiums
- Interest rates accrued on day to day diminishing basis
- No application or administration charges
- Attractive schemes for Govt. employees and teachers
SBI Bank Home Loan Calculator
As the bank offer several types of home loans, it is up to the borrowers to decide which loan term to go for. To find the best suitable loan program, use the home loan calculator offered the bank and many other online service providers. SBI home loan EMI calculator will help you calculate the monthly interest payment that you will have to make on a particular loan option. Borrowers should also use the home loan eligibility calculator to find whether they will be eligible for a loan term. SBI home loan customer care representatives are there to help you with all your queries and questions 24 hours and 7 days a week. Find more comprehensive details on SBI home loan eligibility, application status, loan agent, SBI home loan branches and online loan account from the official website of the bank.
|
| |
| State Bank of India |
SBI Bank offers a variety of home finance loans for low and middle income home buyers in India. One can check the features and interest rates of the loan products by visiting the official website of the bank.
Website:http://www.statebankofindia.com/user.htm |
| |
|
Advertisement
|
|
|