A "low interest" loan shouldn't mean you have very little interest in paying it back!
State Bank of India (SBI) offers various products to its customers so that the latter can fulfil their various financial requirements. One of the products that you as a customer of SBI can apply for is home loan. There are various home loan schemes offered by SBI at flexible interesting rates. We will have a look at the home loan schemes offered by the lender.
This loan scheme allows its customers to avail a certain amount of loan money above and over their home loan amount. If you have already availed a home loan from SBI and is in need of extra loan, then you can avail this scheme to bring true your dream of having a home of your own. The interest rate charged is lower as compared to other home loan schemes under SBI.
| Amount | Term Loan (Interest Rate) |
|---|---|
| Up to Rs.20 lakh | 7.25% |
| Rs.20 lakh – Rs.1 crore |  7.45% |
| Rs.1 crore – Rs.2 crore |  7.65% |
| Rs.2 crore – Rs.5 crore |  8.10% |
| Above Rs.5 crore | Â 9.30% |
Some of the eligibility criteria needed to be fulfilled in order to be eligible for this home loan scheme are given below:
Given below is the list of documents you will need to submit in order to avail this home loan scheme from SBI:
Some of the features of availing SBI Bridge Home Loan are given below:
You can only avail this scheme if you have already availed a home loan from the bank and is in need of availing a loan amount above and over your existing loan amount.
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