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  • SBI Home Loan

    SBI Home Loan
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    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    State Bank of India (SBI), has many home loan schemes tailored to the needs of customers including SBI Maxgain, SBI Realty, SBI Home Plus & NRI Home Loans. Some of the advantages of an SBI housing loan are low interest rates with interest on daily reducing balance, low processing fees, no hidden cost & no administrative charges, plus zero prepayment penalties. View more details about SBI home loan below.


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

    01
    02
    03
    04
    SBI Home Loan Minimum Age

    At least 18 years old

     SBI Home Loan Maximum Age

    Less than 60 years old

    SBI Home Loan Eligible Employment Type

    Salaried / Self-employed
    with regular income

    SBI Home Loan Minimum Income

    Earn more than the minimum
    income required


    Your SBI Home Loan amount eligibility is based on these factors

    01
    02
    03
    SBI Home Loan Minimum Salary

    EMI limited to about 50%
    of monthly income

    SBI Home Loan Maximum Loan to property value

    Loan capped @ 75% to 90%
    of property value

    SBI Home Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible SBI Home Loan amount by these steps

    01
    02
    03
    SBI Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    SBI Home Loan Maximum Tenure

    Choose longer tenure loan up to 30 years

    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 RatesUpdated on 04 Sep 2015

    SBI Home Loan Details
    Interest Rate (Floating) For women - 9.70%
    For others - 9.75%
    Processing Fees 0.025% of LA & Max Processing Fees of 10000
    Loan Tenure 30 years
    Pre-closure Charges Nil
    Pre-Payment Charges Nil
    Guarantor Requirement No Guarantor Required

    Overview of SBI:

    State Bank of India (SBI) is a government owned banking and financial service organization. The bank is headquartered in Mumbai and is the largest banking institution of India in terms of assets. The bank has a massive presence in the country with over 17,000 branches spread across the nation’s length and breadth. Not only this, the bank has a huge international presence too with branches in over 34 countries of the world. SBI caters to a large base of individual and corporate clients and has operations in the fields of personal banking, investment banking, corporate banking, asset management and so on.

    SBI Home Loans:

    State Bank of India provides a range of home loan products to suit the individual needs and preferences of its customers. Various surveys and consumer awards have conferred the title of ‘The most preferred Home Loan Provider’, to SBI. Low interest rates, flexible payment options and zero hidden charges are some of the features that lend to the popularity of SBI home loans.

    With thousands of branches spread across various geographical locations has made SBI one of the most accessible banks to obtain a loan from.

    SBI Home Loan Schemes:

    SBI offers a wide range of home loan products to its customers. You can choose the best home loan scheme that suits your budget and requirement. SBI home loans come with exclusive packages and benefits to cater to the home finance needs of all its customers. Following are some of the home loan options available from SBI.

    • SBI MaxGain Home Loan:
    • The SBI MaxGain home loan aims to enable its customers to reduce their interest burden at no extra cost. This home loan acts as an overdraft account too, giving the customer privilege to withdraw and deposit amounts depending upon their cash availability. Bank provides internet banking and cheque book facility with this home loan. Excess funds when parked with this account impact the overall principal and the associated interest. Also, a customer can choose to withdraw amount from the linked account in case of excess parked funds.


      Features:
      • Min. Loan Amount – 5 lacs
      • Max. Loan Amount – No upper limit
      • Interest Rate – 0.25% over and above the existing home loan interest
      • Higher Liquidity, Savings on total interest paid
      • Pre-closure Charges - Nil
      • Interest Rate – Floating 10.15%

    • SBI Yuva Home Loan
    • This SBI home loan is tailored especially for individuals who are young and generally taking loan for their first home. The age eligibility is between 21-45 years. This loan grants an amount which is 20% over and above the regular loan amount. This home loan is ideal for fresh professionals and government employees. Under this scheme the home loan full repayment starts only after 36 month from the date of availing the loan. For the first 36 months only interest needs to be repaid.


      Features:
      • Eligibility – 21-45 years
      • Minimum Income – Rs.30,000 per month
      • Pre-closure Charges - Nil
      • Interest Rate – Floating 10.15%

    • SBI NRI Home Loan
    • As the name itself suggests, the NRI loan is tailored for Non-Resident Indians (NRIs) and for People of Indian Origin (PIOs). This loan is given to an individual who earns a regular income and whose minimum employment period (in India or abroad) is not be less than 2 years.


      Features:
      • Min. Loan Amount – 3 lacs
      • Max. Loan Amount – No upper limit
      • Eligibility – NRI or PIO
      • Pre-closure Charges - Nil
      • Interest Rate – Floating 10.15%

    • SBI Realty:
    • This SBI loan is for people who want to buy land or plot. The construction should commence within 2 years from the sanction date of the loan. This type of loan comes with the flexibility of availing another loan for construction purposes on the land bought. So a customer is entitled to avail two simultaneous loans on the SBI realty home loan.


      Features:
      • Max. Loan Amount – 15 crores
      • Loan Tenure – Up to 15 years
      • Pre-closure Charges - Nil
      • Interest Rate – Floating 10.15%

    • SBI PAL
    • This is a Pre-Approved Home Loan from State Bank of India. This loan does not depend upon the property to be bought. SBI grants its customers the freedom to avail the loan amount before deciding upon the property. This gives customers the needed confidence to negotiate boldly with builders/sellers regarding the price of the property.


      Features:
      • Eligibility – Depends on the annual income of the applicant
      • Tenure – Pre-Approved Letter of arrangement is valid for a period of 4 months
      • Min Loan Amount – 10 Lacs
      • Max Loan Amount – No upper limit
      • Pre-closure Charges - Nil
      • Interest Rate – Floating 10.15%

    • Her Ghar Home Loan:
    • This is a home loan scheme designed especially for women applicants. A woman needs to be the sole applicant or the primary applicant for this type of home loan. Also, the property for which home loan is being taken should be in the name of the woman applicant or she should be the primary owner in case it of joint ownership. This home loan scheme by SBI aims at enabling women to own property and carries a social obligation in line with the empowerment of women.


      Features:
      • Loan Tenure – 30 years
      • Interest Rate – 9.85%
      • Pre-Payment Charges - Nil

    More Housing Loans from SBI:

    Apart from the above listed regular home loan schemes by State Bank of India, there are several other options also which aim to uplift people from tribal and village areas of the nation. These schemes are in line with the organization’s commitment towards comprehensive nation building.

    Here are a few such housing schemes offered by SBI-

    • SBI Tribal Plus:
    • This housing loan from SBI is meant for customers who are from tribal areas or hilly regions where mortgage of property is not available. The loan is provided for construction of a new house or flat and for purchase of a new house. Under this scheme SBI also provides an option of taking loan for the purpose of renovation or repair.


      Features:
      • Min. Amount – nil
      • Max. Amount- 10 lacs
      • Repayment Period – up to 15 years

    • GRAM NIWAS:
    • The Gram Niwas scheme from State Bank of India is aimed at providing housing finance to the customers from rural regions of the nation. This housing plan covers people from rural or semi-urban regions which have a population of less than 50,000 as per the 2001 census. Under this scheme, home loans can be availed for buying of land or house, renovation and repair of house and construction of house.


      Features:
      • Min. Amount – nil
      • Max. Amount- 5 lacs
      • Repayment Period – up to 15 years

    • SAHYOG NIWAS:
    • Sahyog Niwas scheme aims to provide home loans to self-help groups which have a good credit history. The bank lends to members of these groups under this scheme for purposes of buying of land or house and construction, repair or renovation.


      Features:
      • Min. Amount – nil
      • Max. Amount- 50,000 per person of the self-help group

    Significant Features of SBI Home Loans:

    • Lower interest rates as compared to other contemporary banks
    • Low processing fees
    • No hidden charges or administration fees
    • Nil pre-closure charges making repayment easier and more flexible
    • A huge network of branches across the nation making it convenient to visit a SBI branch
    • Exclusive packages depending upon individual needs of customers
    • Interest is calculated on daily reducing basis which lowers the overall interest paid

    Documents required applicable to all loan seekers:

    • Duly filled loan application
    • 3 passport-size photographs
    • Identity Proof (Voter ID Card/Passport/Driving License/Pan Card)
    • Proof of Residence (Current Address Proof)
    • Bank Statement for last 6 months
    • Personal assets and liabilities declaration
    • Proof of property
    • Income Tax Proofs (If required)
    • Signature Identification from present banker

    Documents required for Guarantor:

    • Assets and liabilities Statement
    • 2 passport-size photographs
    • Identity Proof
    • Address Proof
    • Signature Identification from present banker

    FAQ Section:

    Frequently asked questions about SBI Home Loan.


    How can I decide which SBI home loan fits my requirement?

    BankBazaar gives you the option of comparing home loan schemes and an online EMI calculator to help you plan your finances well in advance before availing a home loan.


    What are the various interest rates offered on home loans?

    Interest rates vary with respect to their floating or fixed nature. Generally, foating home loan rates vary between 9.85% to 9.90% and fixed vary from 10.25-40%. This also depends upon the lender bank. SBI offers floating interest rates between 9.85% to 9.90% per annum.


    What is the processing fee charged by SBI for home loans?

    SBI charges a low processing fee for its home loans. 0.25% of the loan amount is charged. The amount can be anywhere between Rs.1,000 to Rs.10,000.


    Can I pay off my SBI home loan earlier than the initial tenure?

    Yes. You can pay off your SBI home loan earlier too, without a pre-payment penalty fee.


    Is there any security required for the SBI home loan?

    Usually, the property that is purchased using the loan serves as the security. In some cases it is at bank’s discretion to ask for additional securities like insurance policies, fixed deposits etc.


    Is a guarantor required to sign my loan application?

    Yes. A guarantor with all the valid and required documents need to sign your loan application.


    What kind of job makes me eligible for SBI home loan?

    You can either be a salaried employee or self-employed for obtaining this loan. However, the only condition is that you should be earning a regular income and should be able to furnish proofs of the same.


    Can joint-applications be made for SBI Home Loans?

    Yes. Joint applicants are welcome at SBI.


    Are there any tax benefits associated with SBI home loan?

    Yes. Tax rebate under section 80C of the Income Tax Act is applicable.


    Are long-term home loans beneficial or short-term loans?

    Long-term loans are beneficial in giving you the option and comfort of lower EMIs, however, short-term loans mean higher EMIs but lesser interest. A borrower can choose the option depending upon his financial status.


    How long does it take for my loan to get sanctioned?

    If all the required documents are in place then your SBI home loan can be sanctioned in a few days.


    Where can I apply for SBI home loan?

    With a network of over 17000 branches in India, SBI home loans can be applied at any of your nearest bank branch.

    News About SBI Home Loan

    • More about SBI's 'Super Six' Strategy towards growth!

      It was at a crucial phase when Ms. Arundhati Bhattacharya assumed responsibility as the Chairman of State Bank of India (SBI) in October 2013. Even though SBI is India’s biggest public sector bank, it was burdened by non-performing assets (NPAs) worth more than INR 65,000 crore. This daunting figure, which was only 5.64 percent of its entire advances, was larger than the loan book of some well-known private banks put together.

      To further worsen the situation, there was a wave of national financial crisis that had outspread in 2013, which impelled the central bank to revoke its stance on interest rate, which left the bank books bloody and overflowed. Bhattacharya introduced a six-pronged approach called as ‘Super Six’ among SBI staffs to tackle this, which is as follows.

      • Refining asset worth: Reactive to proactive
      • Cost streamlining
      • Risk management
      • Going digital
      • Prompt delivery of products to customers
      • Shifting and making optimum use of available human resources

      This way they are not getting caught up in the mad rush for impossible growth as it will not be permanent. Talk about taking it slow and steady!

      02nd September 2015

    • SBI to set Emphasis on Digitalization of Operations

      After introducing touch screen branches, SBI has shifted its focus to SME lending and e-commerce and is planning to digitalize all processes like home loans, loans against fixed deposits and shares. State Bank of India also plans on funding e-commerce value chain platforms and digitalizing all remittances. SBI has partnered with companies like PayPal, Amazon and Ola and has financed over 1,500 Ola Cab drivers. One of the country’s largest lenders, SBI has also set focus on risk mitigated product lending. This concept has performed well in auto dealer finance where the bank offers loan based on the inventory and helps the dealer to liquidate his loans. Through Project Vijay, the bank is also looking to improve its SME engagement given that 35% of the credit is targeted towards large and mid-corporate section.

      25th August 2015

    • SBI’s Project TATkal To Bring Down Processing Time for Home Loan Applications

      State Bank of India, country’s largest public sector bank is leaving no stones unturned to ensure improv ement in key processes that it engages in approving home loan applications. Christened, “Project TATkal”, this new initiative from SBI is aimed at reducing the processing time to 10 days from the time of receipt of all documents and other paperwork from customers.

      This initiative will be rolled across all home loan processing centers in a phased manner. State Bank is targeting quick implementation at major loan centers with considerable home loan business. Through this project, a revamp of key processes in home loan marketing infrastructure is being carried out.

      The bank had recently introduced Online Customer Acquisition Solution (OCAS) on 28th May, 2015, aimed at e-approving home loan applications received from customers online.

      9th July 2015

    • Home Loan referral being incentivized by SBI

      The State Bank of India has introduced a new referral policy to increase its home loan customer base and also motivate the employees at the same time. By changing the structure of its HR policy, the State Bank of India (SBI) is looking forward to improve its productivity. The employees can now earn gift cards worth 16000 INR or travel abroad as incentives for referring home loan customers to the bank.

      The State bank of India has 2.13 lakh employees including several officers and other clerical staff. This particular scheme is available to all the employees of SBI, irrespective of their ranks. In order to be eligible for incentives under this scheme, an employee does not have to provide any other service other than referring the borrower to the bank. The loan processing fee is also waived for the borrower who are referred under this scheme.

      30th June 2015

    • SBI Scraps Processing Fee for Switching Home Loans

      Home owners in something to cheer about as the State Bank of India, the largest public sector bank in the country, has scrapped the processing fee for switching home loans. Now, people with existing home loans from other lenders can easily shift their loan to SBI and they will not be required to pay any processing fee. The bank has taken this step to strengthen its position as one of the top retail lenders in India. A representative of the bank has stated that SBI wants to offer its customers with the best in terms of charges and rates.

      Apart from waiving the processing fee for switching home loans, the State Bank of India has also waived pre-penalty on home loans as per the guidelines issued by the Reserve Bank of India. SBI offers very attractive interest rates on home loans, in comparison to other lenders in this sector.

      24th June 2015

    • RBI could cut repo rates further if monsoon continues current progress

      At the golden jubilee celebration of All India State Bank Officers’ Federation, SBI Chief Arundhati Bhattacharya said the RBI will have more room to cut repo rate if inflation is kept under control and the monsoon continues to progress at the current pace.

      With the economy facing a low credit growth last fiscal, the RBI is encouraging the home loan sector by cutting rates to create a ripple effect through the rest of the economy. The reduction in repo rates this monsoon could result in benefits that will multiply through the whole infrastructure.

      State Bank of India has already cut its base rate by a cumulative 0.30 per cent in two moves over the last quarter following RBI’s repo cuts of 0.75 per cent. Bhattacharya said that further reduction would depend on “several other things”.

      SBI Bank is trying to increase its market share by offering a waiver on processing fees if a customer shifts their home loan to SBI. Bhattacharya said they are expecting a good response on this offer.

      16th June 2015

    • SBI Cuts Base Rate by 15 Basis Points- At 9.70%, Home Loans Get Cheaper

      India’s biggest public sector bank, the State Bank of India (SBI), was quick to slash its base interest rate by 0.15% after India’s apex bank, the Reserve Bank of India (RBI) affected a similar cut of 0.25% in its repo rate. The updated base rate from SBI stands at 9.70% and the same will be effective from June 8, 2015. RBI’s repo rate cuts since Jan 2015 amount to 75 basis points and have arrived in three instalments of 0.25% cuts each. In response to the same, SBI has slashed 30 basis points that arrived in two installments, and was one of the first banks to initiate this after RBI’s surprising moves. State Bank chairperson Arundhati Bhattacharya has come out in support of RBI’s rate cuts and hopes that the same will transpire into more growth opportunities and creation of more jobs across the country. To start with however, auto and home loans are set to get cheaper.

      4th June 2015

    • SBI Home Loan Disbursal in Just
      10 Days

      State Bank of India is throwing all its weight behind improving customer experience in the home loan segment. The largest bank in India is contemplating on cutting down home loan disbursal time frame from 17 days to 10 days in the next 6 months in a phased manner. The turnaround time for disbursal was about 31 days last year.

      In order to fulfil the cut in disbursal time, SBI has streamlined key processes like pre approving housing projects which will directly impact the disbursal time frame. It will also be unifying sales and marketing teams under a single roof to ensure better coordination.

      During FY-2015, the bank had disbursed housing loans worth Rs.50,000 crore. In the current fiscal, SBI is looking at a growth of 10-15 percent in this segment.

      4th May 2015

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    SBI Home Loan Reviews

  • Page 1 of 17 1 2 3 4 5
    • Home Loan
      "Good"
      STATE BANK OF INDIA
      0.5 4.0/5 "Great!"
      Interest rate offered by SBI bank for the home loan was 9.75% which was less comparing with hdfc bank and the processing fees charged is Rs. 5700.The response was very prompt Documentation process was high with sbi bank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 03, 2015
    • Home Loan
      "Excellent!!!"
      STATE BANK OF INDIA
      0.5 4.0/5 "Great!"
      My home loan was sanctioned with Sbi. Their service was excellent till now. My loan amount is for 15 lakh. The paper work and other formalities was done in 10 days and on a whole it took around they took around 1 month for the disbursal. Interest rate was the lowest one they offered me. It was good with Sbi.
      Was this review helpful? 1
      , lucknow
      Reviewed on Sep 02, 2015
    • Home Loan
      "Better!!!"
      STATE BANK OF INDIA
      0.5 4.0/5 "Great!"
      Sbi offered 9.75% of interest rate and .25% of processing fee for my home loan, where as I am very much satisfied with this. The experience was good. But they took long time to process the loan . It was around 20 days for the disbursal. It would be better if the processing time is more faster. The service was good, no hidden charges and documents are much easy.
      Was this review helpful? 0
      , jaipur
      Reviewed on Sep 02, 2015
    • Home Loan
      "It is the best one"
      STATE BANK OF INDIA
      0.5 5.0/5 "Blown Away!"
      SBI Housing loan is the best and they were more liberal. The documentation process was simple and they have approved the loan quickly within one or two days however I got the funds after 2 days. The loan was approved on time. Property valuation and inspection was done on time. Documentation part was made easy and its an ongoing loan I am left with 2.5 years and the property is on my name.
      Was this review helpful? 2
      , chennai
      Reviewed on Sep 01, 2015
    • Home Loan
      "Good"
      STATE BANK OF INDIA
      0.5 5.0/5 "Blown Away!"
      Interest rate and processing fee offered for home loan from SBI bank was nominal. The process time was also very less loan within short time they approved the loan and I am waiting for the disbursement.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Sep 01, 2015
    • Home Loan
      "Excellent"
      STATE BANK OF INDIA
      0.5 3.0/5 "Satisfactory"
      My home loan is from SBI Bank. The services has been good. They been quite responsive. They have offered me a excellent rate of interest. I am very happy with the processing charges too. They been very responsive through the loan process.
      Was this review helpful? 3
      , mumbai
      Reviewed on Aug 29, 2015
    • Home Loan
      "Cheap & Best.."
      STATE BANK OF INDIA
      0.5 4.5/5 "Excellent!"
      The rate of interest offered by SBI is really less. The EMI amount they informed for my home loan is the cheapest one in the market. It was a bit difficult for me to visit the branches, for documentation purpose since it was not like private banks.
      Was this review helpful? 0
      , jaipur
      Reviewed on Aug 29, 2015
    • Home Loan
      "set rules followed"
      STATE BANK OF INDIA
      0.5 3.0/5 "Satisfactory"
      Customer satisfaction cannot be expected from public sector banks. State Bank of India disbursed my Home Loan in just 3 days as the property was approved. They have a set of rules which in no way they deviate. Documentation was okay during my Home Loan processing. They offered 9.75% interest rate.
      Was this review helpful? 0
      , tiruchirapalli
      Reviewed on Aug 28, 2015
    • Home Loan
      "Best Work "
      STATE BANK OF INDIA
      0.5 4.0/5 "Great!"
      In November 2010 I have taken my Home Loan from SBI bank. Even though they are government bank their documentation process is neat and clean. They took totally 15 days to approve my loan amount. The executive who assisted me has taken little longer time to process my application.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 27, 2015
    • Home Loan
      "Good Experience..."
      STATE BANK OF INDIA
      0.5 5.0/5 "Blown Away!"
      State bank of India had given me a home loan. The rate of interest was very high. They tenure period was 15 years, but I closed the loan with just 6 years. It is easy to avail a loan from them if we have proper documents. No negotiations or no mediator required. There may be a delay in the response, it depends upon the circumstances.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 27, 2015
    • Home Loan
      "Good!!!"
      STATE BANK OF INDIA
      0.5 5.0/5 "Blown Away!"
      From Sbi I availed home loan on 2009, till the emi is running. I had faced little problem initially but they resolved the issues and sanctioned my housing loan. So I am very much happy with Sbi so far.. Interest rate offered fro me was around 10.7% as of now it is okay. In 15 days my loan got disbursed.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 26, 2015
    • Home Loan
      "Need to Improve "
      STATE BANK OF INDIA
      0.5 3.5/5 "Pretty good"
      In the year 2013 I have taken my home loan from SBI bank. One of my friend has suggested to take this loan from them. They took hardly one month to process this loan. They have offered me 10.10% rate of interest in floating type. I am not quite happy with their processing. It would be great if they speed up their process.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 26, 2015
    • Home Loan
      "Little tedious"
      STATE BANK OF INDIA
      0.5 4.0/5 "Great!"
      Applying Home Loan via State Bank of India was little tedious process. Initially they said they do not need property documents but later after basic verification they informed that property documents also required. Then the physical verification was also done. Interest rate offered to me is floating. I am overall satisfied with State Bank of India.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 26, 2015
    • Home Loan
      "A relationship officer should attend the query of customers"
      STATE BANK OF INDIA
      0.5 3.0/5 "Satisfactory"
      There was no proper response from the SBI bank when i took a home loan. They made us visit the branch many times by not guiding properly with the required documents which made very uncomfortable. But the charges are very low comparing with other banks. I would suggest that they should have an Exclusive relationship officer to help the customer for their queries.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 25, 2015
    • Home Loan
      "Good "
      STATE BANK OF INDIA
      0.5 2.0/5 "Expected more"
      I am having the home loan with the State bank of india. Initially it was 8% as the rate of interest while I got it. The services should be improved. I got the loan within a week of time. Customer service and responsiveness are average only.
      Was this review helpful? 0
      , vellore
      Reviewed on Aug 25, 2015
    • Home Loan
      "Good offer"
      STATE BANK OF INDIA
      0.5 5.0/5 "Blown Away!"
      State Bank of India offered me loan amount of 16.60 lakh loan amount at 9.95% interest rate. Bank asked for the basic know your customer documents for the processing of the loan. I am very happy with State Bank of India services. Applying for loan in a public sector bank was easy and convenient.
      Was this review helpful? 0
      , lucknow
      Reviewed on Aug 25, 2015
    • Home Loan
      "Good bank "
      STATE BANK OF INDIA
      0.5 4.0/5 "Great!"
      I got my home loan from SBI bank for the total tenure of 18 years. I already completed 14 years, they have given the best rate of interest to me. They have delivered my loan amount very quickly. There is no pre-closing or part payments charges when compared with other banks.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 24, 2015
    • Home Loan
      "Could be better"
      STATE BANK OF INDIA
      0.5 4.0/5 "Great!"
      My experience with State Bank of India has been a kind of mixed. Operations of the bank are now centralized so they are improving services gradually. The best part is; they have the lowest interest rate in the market. In operations the Bank is still in Nationalized mode, for each small requirement we have to fill an application form and submit it to the bank, they not really agile in this regard.
      Was this review helpful? 1
      , pune
      Reviewed on Aug 22, 2015
    • Home Loan
      "Happy Home loan!"
      STATE BANK OF INDIA
      0.5 4.5/5 "Excellent!"
      The State bank of India home loan application process is very quick and they processed the loan amount within 15 days. When compared to other banks the interest rate is very low and the fees are nominal. It would be better if they collect minimal documents for the loan process.
      Was this review helpful? 2
      , mumbai
      Reviewed on Aug 21, 2015
    • Home Loan
      "Have enough time to run around?"
      STATE BANK OF INDIA
      0.5 4.0/5 "Great!"
      State of India has the best interest rate in the market in Home Loan offer. The process of loan application was very tedious. It took lot of time continuous follow up from my end. My loan was at fixed interest rate for 1st 5 years but later its at floating interest. One has to meticulously follow the updates from RBI as no informations are shared voluntarily from Bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 21, 2015
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