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SBI TRIBAL PLUS HOME LOAN

State Bank of India offers SBI Tribal Plus Home loan to help those living in tribal or hill areas. This type of SBI home loan is specially designed to provide financial cushion to the residents of these areas and help them accomplish their goals for an ideal home. The loan does not require mortgage of land and it is offered for various purposes such as purchase of a new house or flat, construction of house, purchase of an old home and repair/extension/renovation of existing house. It comes packed with attractive interest rates and a comfortable repayment tenure. Now, we shall know more about the State Bank Tribal Plus home loan. Let’s go.

State Bank Of India Tribal Plus Home Loan Interest Rates & Charges

Loan Amount Up to Rs 10 lakh
Interest Charges Starts at 6.75% per annum
Processing Fees Up to 0.40% + Applicable Taxes
Tenure Up to 15  years
Prepayment NIL

Features & Benefits of SBI Tribal Plus Home Loan

SBI Tribal home loan is one of the best home loans to consider if you reside in a hill/tribal region. When it comes to home loans, there are lots of checkpoints we need to take care of and they include rate of interest, other fees and charges,  loan tenure and not to mention, the procedure. Here are the features and benefits of State bank tribal home loan that you should have a look at:

1. Purpose : SBI Tribal Plus home loan is offered to the residents of tribal and hilly areas. This type of loan is provided to enable people to fund the construction of a new house, purchase of a new/old house or flat, renovation/repair/extension of an existing house. 
 
2. Loan Amount : State Bank of India allows customers to apply for a maximum Rs 10 lakh for SBI Tribal Plus home loan amount. 

3. Interest Rate : The SBI Tribal Plus home loan interest charges come to quite an affordability. This type of SBI home loan features the rate of interest starting at as low as 6.75% per annum. The rates can vary based on different factors such as purpose of loan, loan amount, tenure, your profile etc. 

4. Loan Tenure : The State Bank of India Tribal Plus home loan features an easy repayment tenure. The SBI tribal home loan ranges up to the flexible tenure of up to 15 years. 

5. Interest Concession : SBI Tribal Plus home loan features interest concession for women borrowers. 

6. Prepayment : The bank allows you to prepay your loan amount before the tenure ends and foreclose it. If you have funds enough to repay your SBI home loan then you can do it easily without paying any prepayment or foreclosure penalty. 

7. Easy Documentation : SBI allows customers to apply for the SBI Tribal Plus housing loan with ease. You can apply for the SBI housing loan offline or online. Besides that, the bank eases the burden off the shoulders with minimum documentation and fast processing.

Eligibility Criteria for SBI Tribal Plus Home Loan

The next question that comes to mind is the eligibility for SBI tribal home loan. Your eligibility is determined by some important factors like your income, location of home, employment status etc. Before you apply for it, you should make sure that you are eligible for State bank Tribal Plus home loan. 

Here is the eligibility criteria for SBI Tribal Plus home loan:

  • The applicant should be a resident Indian.
  • The applicant should be salaried or self employed.
  • The minimum age of the applicant should be 21 years.
  • The maximum age of the applicant should not be more than 60 years at the time of loan maturity. 
  • The applicant should have a good credit score. 

Documents Required for SBI Tribal Plus Home Loan

Here are the documents required for SBI Tribal home loan application:

Documents  Salaried Applicants Self Employed Applicants
Identity Proof Aadhar Card, Voter’s ID Card, Passport, Driving Licence Aadhar Card, Voter’s ID Card, Passport, Driving Licence
Address Proof PAN Card,  Voter’s ID Card, Passport, Driving Licence, Utility Bills such as Electricity, Telephone, Water Bills PAN Card,  Voter’s ID Card, Passport, Driving Licence, Utility Bills such as Electricity, Telephone, Water Bills
Income Proof Salary Slips, Bank Statements, Form 16 Balance sheet and profit and loss account, IT Returns, Business Proof
Property Papers Registered Agreement for Sale, Permission for Construction, Property Tax Receipt Electricity Bill, Maintenance Bill, Approved Plan copy, Conveyance Deed, Bank Statements or Property Receipts reflecting the payments made to the Builder/Seller Registered Agreement for Sale, Permission for Construction, Property Tax Receipt Electricity Bill, Maintenance Bill, Approved Plan copy, Conveyance Deed, Bank Statements or Property Receipts reflecting the payments made to the Builder/Seller
Other Documents Passport-size Photographs, Duly Filled Application Form, Any Other Documents Required by the Bank Passport-size Photographs, Duly Filled Application Form, Any Other Documents Required by the Bank

SBI Home Loan EMI Calculator

If you want to check the amount which you have to pay for EMI every month, then you can use the SBI home loan EMI calculator. Here is how you can use the home loan EMI calculator to calculate your SBI home loan EMI:

  • First of all, go to the official website of State Bank of India.
  • Click on the “SBI Loans” menu.
  • Find and hit the “Home Loan” option. 
  • Click on the “Tribal Plus” SBI home loan.
  • After that, tap the “Calculators” option from the top.
  • Now, enter the loan amount, loan tenure (in years) and the interest rate in the home loan EMI calculator.

You will now find the total EMI amount you will be paying every month to repay your SBI Tribal Plus home loan. 

Compare other bank home loan interest rates

BANKS  INTEREST RATE
AXIS Bank Home Loan 7.75% to 9.40%
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
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%

How to Apply for SBI Tribal Plus Home Loan

Here are two different ways that you can opt for to apply for State bank home loan:

Apply for SBI Tribal Plus Home Loan Offline

If you wish to apply for a State Bank of India Tribal Plus home loan offline then you can reach out to the bank by visiting the nearest SBI branch. You need to carry all the important documents that are required at the time of application process. You can meet the bank official and have assistance with the SBI home loan application procedure. 

Apply for SBI Tribal Plus Home Loan Online

State Bank of India allows customers to enjoy an easygoing way of applying for loans with its online presence. If you want to apply for a SBI Tribal Plus home loan more easily, then you can apply for it online. 

Here are the simple steps that you can follow in order to apply for a SBI Tribal Plus home loan online:

  • Go to the official web portal of State Bank of India.
  • Click on the “SBI Loans’ section from the top right corner.
  • Now, click on the “Home Loan” in the loans menu.
  • Once you are on the home loan page, you have to find and click on the “Tribal Plus” type of home loan.
  • After that, hit the “Apply  Now” button.
  • Fill the required information in the application form that appears next. 
  • Hit the”Submit” button. 

SBI Tribal Plus Home Loan Application Tracker

At times when you wish to find out the whereabouts of your SBI home loan application, you can track it either offline or online. To know the status of your SBI Tribal Plus home loan application offline, you can reach out to the customer helpline of SBI and enquire about it. 

If you want to check the SBI Tribal Plus home loan application online, then here are the simple steps that you have to follow:

  • Navigate to the official State Bank website.
  • Go to the “SBI Loans” section.
  • Now, you have to click the “Home Loan” option.
  • On the home loan page, go to the “Application Tracker” option.
  • Enter your reference number and registered phone number.
  • Hit the “Track’ button.

State Bank of India Customer Care Information

If you have any query or you want to raise a complaint regarding the SBI Tribal Plus home loan, then you can contact the SBI customer service.

You can use the following number to reach out to the State Bank of India customer service:

  • Toll-free: 1800 11 2018
  • Email id : customercare@sbi.co.in

FAQs On SBI Tribal Plus Home Loan

Q.1 How can I check my SBI Tribal Plus home loan application?

You can track the status of your SBI TRibal Plus home loan application online or offline. You can contact the SBI customer service and enquire about the status of home loan application. Alternatively, you can check the status of your application online by visiting the official SBI bank website. 

Q.2 How is the SBI Tribal Plus home loan disbursed?

If it is a home loan for construction then the loan amount will be disbursed in phases as per the progress of construction. On the other hand, the home loan amount for the purchase of a property is disbursed once and for all. 

Q.3 How can I check my SBI Tribal Plus home loan statement?

You can check your SBI loan statement by logging into the NetBanking account or you can use the physical copy of the statement for which you have to contact the bank. 

Q.4 What is the maximum loan amount provided by SBI Tribal Plus Home Loan?

The maximum loan amount is provided by SBI Tribal Plus Home Loan is upto Rs.10 lakh

Q.5 How much tenure is provided by the SBI Tribal Plus Home Loan?

The repayment tenure is up to 15 years provided by the SBI Tribal  Plus Home Loan.

Q.6 How much interest rate is provided by the SBI Tribal Plus Home Loan?

The Interest rate provided by SBI Tribal Plus Home Loan starts at 6.95% per annum onwards.

Last Updated on : 24/Mar/2021

Know More About

Sbi Tribal Plus Home Loan

You're eligible for a Sbi Tribal Plus 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 Tribal Plus Home Loan Interest Rates

Updated on 25 Nov 2017

Sbi Tribal Plus Home Loan Details
Interest Rate (Monthly reducing balance) 6.75% - 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 15 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

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


Your Monthly Loan EMI


₹24,959