SBI Bridge Home Loan helpsbridging the financial gap between sale of existing property and purchasing a new property. This short-term loan comes with a repayment tenure of 2 years and competitive interest rate rages from 9.50% p.a. to 10.50% p.a. You can apply for a loan amount ranging from Rs.20 lakh to Rs.20 crore with this financing scheme.
Bridge loans aretemporary loans that are used to bridgethe gap betweenshort-term fund requirements and long-term loans. It helps meet immediate cash requirements in the transitional phase of moving to a new home while your existing home is yet to be sold.
|1st year||9.50% p.a.|
|2nd year||10.50% p.a.|
|Resident type||Resident of India|
|Type of employment||Salaried and self-employed|
So, if you want to sell your existing property and buy a new one, getting an SBI Bridge Loan can work for you.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.