SBI Corporate Home Loan

The eligibility criteria that is needed to be fulfilled in order to be eligible for the home loan is given below:

Corporate Entities

1. The person should be a customer of the bank or the entity which is applying for the loan should be a debt free company.
2. The individual or the entity should be conducting business for at least 3 years.
3. The individual or the entity should have earned a profit for three business years continuously.
4. The existing loans availed by the company should be regular and standard and there should not have been any restructuring of the company in the last 3 years.
5. ECR of BBB having total exposure of Rs.10 crore and above.
6. CRA of SB-8 and better in respect of both existing SME/C&I customers and new customers.

Subsidiaries and SPV of Corporate Entities will also be eligible to avail this home loan scheme provided the following eligibility criteria is fulfilled:

1. The parent company fulfils the eligibility criteria mentioned above.
2. The parent company agrees to be the guarantor for the home loan.
3. The estimated cash flow of the subsidiary must be sufficient to pay back the loan through EMI or the parent company gives an undertaking to service the home loan along with guaranteeing the home loan.

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