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SBI TRIBAL PLUS HOME LOAN

SBI Tribal Plus 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.

SBI Tribal Plus Home Loan is especially for hilly/ tribal areas. Under this, the bank provides the loan to buy or construct a new house without mortgaging the land. The maximum repayment period allocated for the same is of 15 years. Under this same, the customer can also opt for buying a new house or can go for the reconstruction or repair of the old house. The maximum loan amount, the person can avail is of Rs.10 lakh rupees. SBI Tribal Plus Home Loan can be availed for purchase or construction of a new house/ flat (without mortgaging a land), renovation / extensions and repair of an existing house or flat and purchase of an existing (old) house / flat which is not more than 10 years old.

Benefits of SBI Tribal Plus Home Loan 

1. Interest concession for women borrowers

2. No mortgage of land 

3. Loan given against third party guarantee

4. Low interest rate start at 6.75% per annum

5. No prepayment penalties 

6. No hidden charges 

7. Interest charges on daily reducing balance

8. Repayment tenure upto 15 years 

9. Must be an Indian Resident 

10. Low processing fee

Fee and Charges of SBI Tribal Plus Home Loan 

To apply for a home loan you have to pay fees and charges applied by the SBI Tribal Plus. It covers all charges and fees made by a bank to their customers. The following charges are taken from SBI Tribal Plus 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 Tribal Plus Home Loan 

Before applying for a home loan from SBI Tribal Plus you should fulfil all basic eligibility criteria as prescribed by the bank. You will get your loan amount very soon if you meet all the required eligibility criteria once the documentation is done.

AGE 

21 years to 60 years 

NATIONALITY

Indian Resident 

Documents Required for SBI Tribal Plus 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 Tribal Plus Home Loan 

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

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 Tribal plus home loan”

  • Now click on apply now and fill application form 

SBI Tribal Plus Home Loan Customer Care 

Contact number : 1800112211 / 18004253800

Email id :  customercare@sbi.co.in

How to calculate EMI of SBI Tribal Plus Home Loan 

The following formula is used to calculate EMI of SBI Tribal Plus 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 Tribal Plus Home Loan Frequently Asked Questions 

1. What is SBI Tribal Plus Home Loan?

SBI Tribal Plus Home Loan is especially for hilly/ tribal areas. Under this, the bank provides the loan to buy or construct a new house without mortgaging the land. The maximum repayment period allocated for the same is of 15 years. Under this same, the customer can also opt for buying a new house or can go for the reconstruction or repair of the old house.

2. 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

3. 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.

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

Processing fee charged by SBI Tribal Plus 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 Tribal Plus Home Loan?

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

6. How to apply for SBI Tribal Plus Home Loan?

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

Last Updated on : 24/Aug/2020

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

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


Your Monthly Loan EMI


₹24,959