SBI Home Loan – Eligibility, Interest Rate, EMI Calculator


SBI Home Loan

You’re probably eligible for an SBI Home Loan if you are

1.SBI Home Loan Minimum Age
   At least 18 years old

2.SBI Home Loan Minimum Age
  Less than 70 years old

3.SBI Home Loan Eligible Employment Type
   Salaried / Self-employed with regular income 

4. SBI Home Loan Minimum Income
    Earn more than the minimumincome required

Your SBI Home Loan amount eligibility is based on these factors

1.SBI Home Loan Minimum Salary
   EMI limited to about 50% of monthly income

2.SBI Home Loan Maximum Loan to property value
  Loan capped @ 75% to 80% of property value

3.SBI Home Loan EMI
   EMIs of other loans loweryour eligibility

Increase your eligible SBI Home Loan amount by these steps

1.SBI Home Loan Add Spouse as Co-applicant
   Make your spouse a co-applicant,and her income will addto your eligibility

2.SBI Home Loan Maximum Tenure
  Choose longer tenure loan up to 30 years

3.SBI Home Loan Add parents as Co-applicant
   Alternatively add your parents

Documentation needed to apply for an SBI Home Loan

  • 1. Signed application form with photograph
  • 2. ID and residence proof
  • 3. Processing fee cheque
  • 4. Last 6 months bank statements
  • 5. Documentation for salaried applicants:
    • Last 3 months salary-slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Education qualification certificate & proof of business existence
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

SBI Home Loan Interest Rates

Updated on 08 Aug 2015

SBI Home Loan Details
Interest Rate (Floating)        For women – 9.70%
For others – 9.75%
Processing Fees        0.25% of Loan amount (Minimum Rs. 1000, Maximum Rs. 10,000)
Loan Tenure        30 years
Pre-closure Charges        Nil



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