SBI Realty Home Loan: Interest Rate, Eligibility, Processing & Customer Care

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SBI REALTY HOME LOAN

SBI Realty Home Loan Details 

SBI is one of the most trusted banks for personal facilities. It is an Indian multinational public sector banking and financial services. SBI established on 1 July 1995 and their headquarters in Mumbai. State Bank of India with a 200 year history is the largest commercial bank in India. In terms of assets, deposits, profits, branches, customers and employees SBI is the largest bank. The government of India is the single largest shareholder of this fortune 500 entity with 6158 percent ownership. SBI was ranked 60th in the list of top 1000 banks in the world by “the banker” in July 2012.

Home Loan is offered to individuals who wish to purchase or construct a house. The property is mortgaged to the land or as a security till the repayment of the loan. 

Under SBI Realty Home Loan customer can also avail another home loan for construction of house on plot financed. The construction of the home should take place within 5 years from the date the loan has been permitted. Any salaried and non salaried indian professionals who wants to purchase plots for the construction of the house. It provides comfortable repayment tenure upto 10 years with an attractive rate of interest.

Benefits of SBI Realty Home Loan 

1. Interest concession for women borrowers

2. Attractive rate of interest start at 7.65% onwards

3. No prepayment penalties 

4. No hidden charges 

5. Home loan overdraft facility available

6. Comfortable repayment tenure upto 10 years 

7. Must be an Indian Resident

8. It is available for salaried and non salaried Indian professionals 

9. Should be a regular source of income

10. Your CIBIL score should be high 

Fee and Charges of SBI Realty Home Loan 

To apply for a home loan you have to pay fees and charges applied by the SBI Realty. It covers all charges and fees made by a bank to their customers. The following charges are taken from SBI Realty Home Loan i.e processing fee, Prepayment charges and CERSAI Registration charges etc.

TYPE 

CHARGES

Processing fee 

0.40% of the loan amount plus applicable GST subject to a minimum Rs.10000 and Maximum Rs.30000 plus GST

Prepayment charges 

NIL

CERSAI Registration charges

Rs.50  plus GST for loan upto Rs.5 lakh

Rs.100 plus GST for loan above Rs.5 lakh

Eligibility Criteria for SBI Realty Home Loan 

Before applying for a home loan from SBI Realty you should fulfil all basic eligibility criteria as prescribed by the bank. For the SBI Realty Home Loan application is for the salaried and non salaried Indian professionals are eligible to take a loan. You will get your loan amount very soon if you meet all the required eligibility criteria once the documentation is done.

ELIGIBLE 

Salaried and Non salaried Indian professionals

AGE 

18 years to 70 years 

NATIONALITY

Indian Resident

INCOME

If the customer Net annual income is upto Rs.2 lakh, the EMI cannot exceed 30% of the income

Within the income of upto Rs.5 lakh, EMI cannot be more than 40% of the income

For upto Rs.10 lakh, the maximum EMI is 45% of the income

More than Rs.10 lakh, 50% of the income can be paid EMI

Documents Required for SBI Realty Home Loan 

Any applicant who is going to avail a home loan must have to submit the following documents. These documents are the requirements for the lenders who are providing you the amount of loan.

1. Fully filled signed application form 

2. Passport size photograph

3. ID Proof : Aadhaar Card, PAN Card, Driving License, Passport, Voter identification, Employment id

4. Address Proof : Aadhar Card, Rental agreement, Voter id, Driving license, Passport, Employment id 

5. Income Proof : For salaried employees = 3 months salary slip, last 2 years ITR Return or form 16, Bank statement for last 2 months showing that the salary has been credited

6. For Self employed individuals / professionals = 2  years ITR return, Profit & loss account and Balance sheet computation with CA seal and sign, Bank statement for the last 6 months.

Compare other bank home loan interest rates 

BANKS 

INTEREST RATE

AXIS Bank Asha Home Loan

Starts at 10.05% onwards 

AXIS Bank Shubh Aarambh Home Loans

Starts at 7.75% onwards

AXIS Bank Fast Forward Home Loans

Starts at 7.75% onwards

AXIS Bank Home Loan

7.75% to 9.40%

AXIS Bank Empower Home Loan

Start at 9.55% onwards 

AXIS Bank Super Saver Home Loan

8.15% to 8.30%

AXIS Bank TopUp Loan

8.90% to 9.15%

SBI NRI Home Loan

6.95% onwards

SBI Flexipay Home Loan

7.40% onwards 

SBI Privilege Home Loan

6.95% onwards 

SBI Regular Home Loan

6.95% onwards 

SBI Shaurya Home Loan

6.95% onwards 

SBI Pre-approved loan

6.95% onwards 

SBI Realty Home Loan

7.65% onwards

SBI Home Top Up Loan

7.90% onwards

SBI Bridge Home Loan

9.50% to 10.50%

SBI Tribal plus Home Loan

6.75% onwards

SBI Earnest Money Deposit

10.45% onwards

SBI Reverse Mortgage Loan

8.05% onwards

SBI CRE Home Loans

7.45% onwards 

HDFC Bank Home Loan

6.95% to 7.50%

Kotak Mahindra Bank Home Loan

7.40% to 9.70%

Yes Bank Home Loan

9.60% to 10.55%

Citi Bank Home Loan

7.34% to 8.29%

ICICI Bank Home Loan

6.95% to 8.05%

Standard Chartered Bank Home Loan

Starting at 8.71%

IDBI Bank Home Loan

7.80% to 8.80%

RBL Bank Home Loan

9.75% to 10.05%

HSBC Bank Home Loan

8.55% to 8.655

HSBC Bank Smart Home Loan

11.005 to 11.505

IndusInd Bank Home Loan

8.00% to 15.00%

Bank of Baroda Home Loan

6.85% to 7.75%

Bank of India Home Loan

6.85% to 7.755

Canara Bank Home Loan

6.90% to 8.90%

Indian Bank Home Loan

7.55% to 8.40%

Punjab National Bank Home Loan

Starting at 7.00%

Other products of SBI Bank 

1. SBI New Car Loan Scheme

2. SBI Loan Against Properties

3. SBI Personal Loan 

How to apply for SBI Realty Home Loans 

There are two ways to apply for home loans from SBI Realty:

1. Offline method : By visiting nearest bank branch

2. Online Method :

  • First of all first visit to official website of SBI Bank

  • In retail section go to the “loans”

  • Now click in home loan

  • After that go to “SBI Realty Home loan”

  • Now click on apply now and fill application form 

SBI Realty Home Loan Customer Care 

Contact number : 1800112211 / 18004253800

Email id :  customercare@sbi.co.in

How to calculate EMI of SBI Realty Home Loan 

The following formula is used to calculate EMI of SBI Realty Home Loan :

EMI = [PXRX(1+R)^N] / [(1+R)^N-1]

Where,

P stands for Loan Amount

R stands for Interest Rate

N stands for tenure in number of months 

Financials products offered by Bank 

BUSINESS LOAN

CAR LOAN

COMMERCIAL LOAN 

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN 

HOME LOAN 

LOAN AGAINST PROPERTIES 

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

SBI Realty Home Loan Frequently Asked Questions 

1. What is SBI Realty Home Loan?

Under SBI Realty Home Loan customer can also avail another home loan for construction of house on plot financed. The construction of the home should take place within 5 years from the date the loan has been permitted.

2. What is the maximum loan amount provided by SBI Realty Home Loan?

The maximum loan amount is provided by SBI Realty Home Loan is Rs.15 crore.

3. How much tenure is provided by the SBI Realty Home Loan?

The repayment tenure is upto 10 years provided by the SBI Realty Home Loan.

4. Is there any processing fee charged by SBI Realty Home Loan?

Processing fee charged by SBI Realty Home Loan is 0.40% of the loan amount plus applicable GST subject to a minimum Rs.10000 and Maximum Rs.30000 plus GST.

5. How much interest rate is provided by the SBI Realty Home Loan?

The Interest rate provided by SBI Realty Home Loan starts at 7.65 percent per annum.

6. How to apply for SBI Realty Home Loan?

You can apply online or offline by visiting the nearest bank branch for SBI Realty Home Loan.

7. Who is eligible to take a SBI Realty Home Loan?

Salaried and non salaried Indian professionals are eligible to take a SBI Realty Home Loan. 

Last Updated on : 24/Aug/2020

Know More About

Sbi Realty Home Loan

You're eligible for a Sbi Realty Home Loan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Home Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Sbi Realty Home Loan Interest Rates

Updated on 25 Nov 2017

Sbi Realty Home Loan Details
Interest Rate (Monthly reducing balance) 7.65% - 0%
Processing Fees 0.40% of the loan amount plus applicable GST subject to a minimum Rs.10000 and Maximum Rs.30000 plus GST
Loan Tenure 1 year to 10 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Home Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959