State Bank of India (SBI) offers realty home loans for interest rates of 7.85% p.a. onwards and repayment tenures of up to 10 years. The borrowers should start home construction on the plots within 5 years from the date of sanction of SBI Realty Home Loan. Borrowers can also avail separate home loans for carrying out home construction on the plot financed under SBI Realty Home Loan. The public sector bank offers interest rate concessions on SBI Realty home loans to its women applicants.
| SBI Realty Home Loan Highlights 2022 | |
| Interest Rate | 7.85% p.a onwards |
| Loan amount | Up to 15 crore |
| Repayment Tenure | Up to 10 years |
| Processing fee | 0.35% of loan amount (Rs 2,000- Rs10,000) + GST (50% waiver in basic processing fee) |
Note: Rates as of 20th July 2022
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SBI Realty Home Loan Interest Rates
| CIBIL Score | Rate of Interest (p.a.) |
| >=800 | 7.85% |
| 750-799 | 7.95% |
| 700-749 | 8.05% |
| 650-699 | 8.15% |
| 550-649 | 8.25% |
| NTC/No Cibil Score/-1 | 8.05% |
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SBI Realty Home Loan Fees and Charges
Processing fee: 0.35% of loan amount (Rs 2,000- Rs10,000) + GST (50% waiver in basic processing fee).
For other fees and charges, visit https://www.paisabazaar.com/sbi-bank/home-loan/
SBI Realty Home Loan Eligibility Criteria
- Resident Type: Resident Indian
- Minimum Age: 18 years
- Maximum Age: 65 years
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SBI Realty Home Loan Documents Required
List of common documents for all applicants:
- Employer Identity Card
- Completed loan application with 3 Passport size photographs
- Proof of identify (photo copies of Voters ID card/ Passport/ Driving licence/ IT PAN card)
- Proof of residence (photo copies of recent Telephone Bills/ Electricity Bill/Property tax receipt/ Passport/ Voters ID card)
- Proof of business address for non-salaried individuals
- Statement of Bank Account/ Pass Book for last six months
- Signature identification from present bankers
- Personal Assets and Liabilities statement
List of documents for guarantor (wherever applicable):
- Personal Assets and Liabilities Statement
- 2 passport size photographs
- Proof of identification (photo copies of Voters ID card/ Passport/ Driving licence/ IT PAN card)
- Proof of residence (photo copies of recent Telephone Bills/ Electricity Bill/Property tax receipt/ Passport/ Voters ID card)
- Proof of business address
- Signature identification from his/her present bankers
List of additional documents required for salaried individuals:
- Original Salary Certificate from employer
- TDS certificate on Form 16 or copy of IT Returns for last two financial years, duly acknowledged by IT Deptt.
List of additional documents required for Professionals/self- employed/ other IT assesses:
- Acknowledged copies of three years I.T. returns/ Assessment Orders.
- Photocopies of challans of Advance Income Tax payment.
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