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)||Overdraft (Interest Rate)|
|Up to Rs.20 lakh||7.50%||N.A.|
|Rs.20 lakh – Rs.1 crore||7.70%||8.40%|
|Rs.1 crore – Rs.2 crore||7.90%||8.65%|
|Rs.2 crore – Rs.5 crore||8.35%||-|
|Above Rs.5 crore||9.55%||-|
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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