SBI Home Top Up Loan

Eligibility criteria

Some of the eligibility criteria needed to be fulfilled in order to be eligible for this home loan scheme are given below:

1. Minimum age of the applicant should be 18 years, and the maximum age of the applicant should be 70 years.
2. The applicant should be a resident of India.
3. The repayment tenure under this scheme is up to 30 years.

Documents required

Given below is the list of documents you will need to submit in order to avail this home loan scheme from SBI:

1. Loan application form
2. Employer identity card
3. Address Proof
4. Identity Proof
5. Account statement for the last 6 months
6. Account statement for the past 1 year if you have availed any loan
7. Salary slip for the last 3 months
8. Copy of the form 16 for the last 2 financial years
9. Property papers as required by the lender
10. Proof of business address if you are a self-employed individual
11. Passport size photographs

Features of availing SBI Bridge Home Loan

Some of the features of availing SBI Bridge Home Loan are given below:

1. Low processing fee
2. Interest rate is low
3. No penalty on the pre-payment of the loan
4. Repayment tenure of up to 30 years
5. Interest charges on daily reducing balances
6. No hidden charges

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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