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    SBI Home Loan Processing Fees

    State Bank of India is one of the leading banks in India that offers great financial products and services to its customers. The products are designed as per the changing needs and requirements of the consumers. The home loans offered by State Bank of India come with great flexibility and innovation. There are different fees and charges associated with SBI home loan. One such fee is known as SBI home loan processing fee.

    SBI Home Loan Processing Fees for Regular Housing Loan:

    The regular home loan offered by SBI can be used to buy a ready-to-move property, under-construction house or flat, pre-owned houses, construction of a house, extension, renovation, etc. The processing fee associated with SBI housing loan is mentioned below:

    Fees and Charges Specification
    Processing fee percentage 0.35% of the total loan amount
    Minimum processing fee amount Rs.2,000
    Maximum processing fee amount Rs.10,000
    Processing fee waiver Until 31 March 2018

    Note: Taxes are applicable

    SBI Home Loan Balance Transfer Processing Fees (Take Over Processing Fee):

    The Balance Transfer of home loans offered by the State Bank of India allows customers to transfer their housing loans from SCBs (Scheduled Commercial Banks), Foreign and Private Banks, HFCs (Housing Finance Companies) that are registered with NHB (National Housing Bank) and the employers of the borrower if they are State Government, Central Government or undertakings of the public sector. In order to avail a Balance Transfer of housing loan, the borrower must submit documents that evidence the title to the flat or house.

    A processing fee is also associated with balance transfer of home loan. The SBI takeover home loan processing fee or home loan balance transfer processing fee is same as the processing fee for Regular Home Loan.

    SBI NRI Home Loan Processing Fee:

    State Bank of India NRI housing loans allows the Non Resident Indians to avail housing loans when they are investing in properties. A processing fee is also associated with NRI home loans. The State Bank of India NRI Home Loan Processing Fee is same as the processing fee for Regular Home Loan.

    SBI Flexipay Home Loan Processing Fee:

    The State Bank of India Flexipay home loan offers a higher amount of loan to the eligible salaried borrowers. During the pre-EMI period or moratorium period, it allows the borrower to make payments only for the interest. Post that, the EMIs are adjusted accordingly. The EMI payments will go up in the subsequent years. The SBI Flexipay home loan is a great option for the young borrowers.

    A processing fee is also associated with the Flexipay home loan. The State Bank of India Flexipay Home Loan Processing Fee is same as the processing fee for Regular Home Loan.

    SBI Privilege Home Loan Processing Fee:

    State Bank of India has launched the Privilege home loan that is specifically designed for the Government employees. Individuals employed with State Government, Central Government, PSUs, PSBs, etc. are eligible for this home loan plan.

    The SBI Privilege home loan is a zero processing fee home loan. The borrower will not have to pay any processing fee for this home loan.

    SBI Loan Against Mortgage of Immovable Property Processing Fees:

    The purpose of the SBI loan against mortgage is meeting expenses associated with healthcare, marriage, education, etc. These loans cannot be availed for business requirements. The repayment period that can be availed with SBI Loan against Mortgage of Immovable Property is 180 months.

    A processing fee is associated with this loan type. The SBI Loan against Mortgage of Immovable Property Processing Fee stands at 1% of the total loan amount plus the applicable taxes. This is subject to a maximum amount of Rs.50,000 plus applicable taxes.

    SBI Home Loan Prepayment Charges:

    None of the SBI home loan schemes have any prepayment penalties or charges associated with them.

    SBI Home Loan Hidden Charges:

    There are no hidden charges associated with State Bank of India housing loans.

    SBI Home Loan Processing Fee Waiver:

    In case of the home loans that come with a processing fee, the waiver of processing fee can be availed till 31 March 2018.

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