A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    We found 1 SBI Home Loan
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    8.35% - 8.70% Floating
    ₹2,000 to ₹10,000 + applicable tax
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    1-30 Years
    Response Time : Within 30 minutes
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    SBI Home Loan is Rated as "Great!" by 1012 Users

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    SBI Home Loan

    SBI Home Loan Interest RatesUpdated on 21 Sep 2017

    SBI Home Loan Details
    Interest Rate For women - 8.35% to 8.65%
    For General Customers - 8.40% to 8.70%
    Processing Fees 0.35% of Loan Amount, min of Rs.2,000 to max of Rs.10,000 (plus applicable tax)
    Loan Tenure 30 years
    Pre-closure Charges Nil

     

    SBI Housing Loan

    State Bank of India provides a range of home loan products to suit the individual needs and preferences of its customers. Various surveys and consumer awards have conferred the title of ‘The most preferred Home Loan Provider’, to SBI. Some of the best features that lend to the popularity of SBI home loans:

    With thousands of branches spread across various geographical locations has made SBI one of the most accessible banks to obtain a loan from.

    Significant Features of SBI Home Loans:

    • Lower interest rates as compared to other contemporary banks
    • Low processing fees
    • No hidden charges or administration fees
    • Nil pre-closure charges making repayment easier and more flexible
    • A huge network of branches across the nation making it convenient to visit a SBI branch
    • Exclusive packages depending upon individual needs of customers
    • Interest is calculated on daily reducing basis which lowers the overall interest paid

    SBI Home Loan Eligibility Criteria:

    • Salaried
      • The age of the applicant must be between 18 years and 70 years.
      • The annual income must be atleast Rs.1.2 lakh per annum.
    • Self-Employed
      • The age of the applicant must be between 21 years and 70 years.
      • The annual income must be atleast Rs.2 lakh per annum.

    Documents Required Applicable to All Loan Seekers:

    • Duly filled loan application
    • 3 passport-size photographs
    • Identity Proof (Voter ID Card/Passport/Driving License/Pan Card)
    • Proof of Residence (Current Address Proof)
    • Bank Statement for last 6 months
    • Personal assets and liabilities declaration
    • Proof of property
    • Income Tax Proofs (If required)
    • Signature Identification from present banker

    Documents Required for Guarantor:

    • Assets and liabilities Statement
    • 2 passport-size photographs
    • Identity Proof (Voter ID Card/Passport/Driving License/Pan Card)
    • Address Proof (Telephone Bill/Electricity Bill/Property Tax Receipt/Passport/Voter ID Card)
    • Signature Identification from present banker

    SBI Bank Home Loan Interest Rate:

    SBI Home Loan not only offers attractive benefits and terms for its home loan options but the bank also offers low competitive rates on its home loan. As of May 9, 2017, the interest rate for SBI home loan 8.35% to 8.70% applicable till July 31, 2017. The above mentioned rates are irrespective of the loan amount.

    HAMARA GHAR : Home Loan Fixed Interest Rates - 2 Years

    Borrowers Salaried upto Rs. 30 Lakhs Non - Salaried upto Rs. 30 Lakhs
    Women 35 bps after 1 year MCLR, ER: 8.35 50 bps after 1 year MCLR, ER: 8.50
    Others 40 bps after 1 year MCLR, ER: 8.40 55 bps after 1 year MCLR, ER: 8.55

    Home Loan Floating Interest Rates Including CRE HL

    Borrowers Salaried upto Rs. 30 Lakhs Non - Salaried upto Rs. 30 Lakhs
    Women 35 bps after 1 year MCLR, ER: 8.35 50 bps above 1 year MCLR, ER: 8.50
    Others 40 bps after 1 year MCLR, ER: 8.40 55 bps above 1 year MCLR, ER: 8.55
    • The sole applicant or one of the co-applicants for the Home Loan should be a woman. She should also be a co-owner or the sole owner of the property that will be financed by the Bank.
    • Fixed and floating rate loans can be availed for an amount up to Rs.30 lakh.

    Home Loan Interest Rates : Card Rates

    Home Loan Floating Interest Card Rate Including CRE HL:

    Salaried Borrowers < 75 Lakhs > 75 Lakhs
    RG - 1, 2, 3 RG - 4, 5, 6 RG - 1, 2, 3 RG - 4, 5, 6
    Women 50 bps + 1 year MCLR, ER:8.50 60 bps + 1 year MCLR, ER:8.60 65 bps + 1 year MCLR, ER:8.65 75 bps + 1 year MCLR, ER:8.75
    Others 55 bps + 1 year MCLR, ER:8.55 65 bps + 1 year MCLR, ER:8.65 70 bps + 1 year MCLR, ER:8.70 80 bps + 1 year MCLR, ER:8.80
    Non-Salaried Borrowers < 75 Lakhs > 75 Lakhs
    RG - 1, 2, 3 RG - 4, 5, 6 RG - 1, 2, 3 RG - 4, 5, 6
    Women 60 bps + 1 year MCLR, ER:8.60 70 bps + 1 year MCLR, ER:8.70 75 bps + 1 year MCLR, ER:8.75 85 bps + 1 year MCLR, ER:8.85
    Others 65 bps + 1 year MCLR, ER:8.65 75 bps + 1 year MCLR, ER:8.75 80 bps + 1 year MCLR, ER:8.80 90 bps + 1 year MCLR, ER:8.90

    Home Loan Maxgain Floating Interest Card Rate Including CRE HL:

    Salaried Borrowers 20 Lakhs < 75 Lakhs 75 Lakhs < 3 Crores
    RG - 1, 2, 3 RG - 4, 5, 6 RG - 1, 2, 3 RG - 4, 5, 6
    Women 65 bps + 1 year MCLR, ER:8.65 75 bps + 1 year MCLR, ER:8.75 80 bps + 1 year MCLR, ER:8.80 90 bps + 1 year MCLR, ER:8.90
    Others 70 bps + 1 year MCLR, ER:8.70 80 bps + 1 year MCLR, ER:8.80 85 bps + 1 year MCLR, ER:8.85 95 bps + 1 year MCLR, ER:8.95
    Non-Salaried Borrowers 20 Lakhs < 75 Lakhs 75 Lakhs < 3 Crores
    RG - 1, 2, 3 RG - 4, 5, 6 RG - 1, 2, 3 RG - 4, 5, 6
    Women 75 bps + 1 year MCLR, ER:8.75 85 bps + 1 year MCLR, ER:8.85 90 bps + 1 year MCLR, ER:8.90 100 bps + 1 year MCLR, ER:9.00
    Others 80 bps + 1 year MCLR, ER:8.80 90 bps + 1 year MCLR, ER:8.90 95 bps + 1 year MCLR, ER:8.95 105 bps + 1 year MCLR, ER:9.05

    Pradhan Mantri Awas Yojana By SBI Bank

    The Government of India aims at making Housing affordable for all by 2022. The initiative has already been taken to provide homes to the lower and middle class people in India. The bank claims to offer the lowest rates of interest with their home loans.

    Qualified Loans Under the Scheme:

    The Government of India has stated that all loan amounts that are less than Rs.30 lakh are eligible under this scheme.

    SBI PMAY Rates of Interest for the New Borrowers:

    The male borrowers can avail a rate of 8.40%. They can avail a reduction of approximately 20 basis points. As per the new rates, the female borrowers can avail a reduction of around 25 basis points. Interest rate will remain the same for both salaried and non-salaried male borrowers.

    Benefits of PMAY Scheme:

    After an individual takes a home loan from the State Bank of India, he/she must fill up the Pradhan Mantri Awas Yojana form. The processing will be taken care of by the bank. In case the individual is eligible under the scheme, interest subsidy will be credited to his/her bank account. As per the individual’s economic condition, he/she can apply for 3%, 4% or 6.5% interest subsidy.

    SBI Home Loan Schemes:

    SBI offers a wide range of home loan products to its customers. You can choose the best home loan scheme that suits your budget and requirement. SBI home loans come with exclusive packages and benefits to cater to the home finance needs of all its customers. Following are some of the home loan options available from SBI.

    SBI MaxGain Home Loan:

    The SBI MaxGain home loan aims to enable its customers to reduce their interest burden at no extra cost. This home loan acts as an overdraft account too, giving the customer privilege to withdraw and deposit amounts depending upon their cash availability. Bank provides internet banking and cheque book facility with this home loan. Excess funds when parked with this account impact the overall principal and the associated interest. Also, a customer can choose to withdraw amount from the linked account in case of excess parked funds.

    Features:

    • Min. Loan Amount – 5 lacs
    • Max. Loan Amount – No upper limit
    • Interest Rate – 0.25% over and above the existing home loan interest
    • Higher Liquidity, Savings on total interest paid
    • Pre-closure Charges - Nil
    • Interest Rate – Floating 10.15%

    SBI Yuva Home Loan

    The SBI Yuva home loan is tailored especially for individuals who are young and generally taking loan for their first home. The age eligibility is between 21-45 years. This loan grants an amount which is 20% over and above the regular loan amount. This home loan is ideal for fresh professionals and government employees. Under this scheme the home loan full repayment starts only after 36 month from the date of availing the loan. For the first 36 months only interest needs to be repaid.

    Features:

    • Eligibility – 21-45 years
    • Minimum Income – Rs.30,000 per month
    • Pre-closure Charges - Nil
    • Interest Rate – Floating 10.15%

    SBI NRI Home Loan

    As the name itself suggests, the NRI loan is tailored for Non-Resident Indians (NRIs) and for People of Indian Origin (PIOs). This loan is given to an individual who earns a regular income and whose minimum employment period (in India or abroad) is not be less than 2 years.

    Features:

    • Min. Loan Amount – 3 lacs
    • Max. Loan Amount – No upper limit
    • Eligibility – NRI or PIO
    • Pre-closure Charges - Nil
    • Interest Rate – Floating 10.15%

    SBI Realty Home Loan

    The SBI Realty home loan is for people who want to buy land or plot. The construction should commence within 2 years from the sanction date of the loan. This type of loan comes with the flexibility of availing another loan for construction purposes on the land bought. So a customer is entitled to avail two simultaneous loans on the SBI realty home loan.

    Features:

    • Max. Loan Amount – 15 crores
    • Loan Tenure – Up to 15 years
    • Pre-closure Charges - Nil
    • Interest Rate – Floating 10.15%

    SBI PAL

    SBI PAL home loan is a Pre-Approved Home Loan from State Bank of India. This loan does not depend upon the property to be bought. SBI grants its customers the freedom to avail the loan amount before deciding upon the property. This gives customers the needed confidence to negotiate boldly with builders/sellers regarding the price of the property.

    Features:

    • Eligibility – Depends on the annual income of the applicant
    • Tenure – Pre-Approved Letter of arrangement is valid for a period of 4 months
    • Min Loan Amount – 10 Lacs
    • Max Loan Amount – No upper limit
    • Pre-closure Charges - Nil
    • Interest Rate – Floating 10.15%

    SBI Her Ghar Home Loan

    SBI Her Ghar home loan scheme designed especially for women applicants. A woman needs to be the sole applicant or the primary applicant for this type of home loan. Also, the property for which home loan is being taken should be in the name of the woman applicant or she should be the primary owner in case it of joint ownership. This home loan scheme by SBI aims at enabling women to own property and carries a social obligation in line with the empowerment of women.

    Features:

    • Loan Tenure – 30 years
    • Interest Rate – 9.40%
    • Pre-Payment Charges – Nil

    More Housing Loans from SBI:

    Apart from the above listed regular home loan schemes by State Bank of India, there are several other options also which aim to uplift people from tribal and village areas of the nation. These schemes are in line with the organization’s commitment towards comprehensive nation building.

    Here are a few such housing schemes offered by SBI-

    SBI Tribal Plus:

    Tribal Plus housing loan from SBI is meant for customers who are from tribal areas or hilly regions where mortgage of property is not available. The loan is provided for construction of a new house or flat and for purchase of a new house. Under this scheme SBI also provides an option of taking loan for the purpose of renovation or repair.

    Features:

    • Min. Amount – nil
    • Max. Amount- 10 lacs
    • Repayment Period – up to 15 years

    GRAM NIWAS:

    The Gram Niwas scheme from State Bank of India is aimed at providing housing finance to the customers from rural regions of the nation. This housing plan covers people from rural or semi-urban regions which have a population of less than 50,000 as per the 2001 census. Under this scheme, home loans can be availed for buying of land or house, renovation and repair of house and construction of house.

    Features:

    • Min. Amount – nil
    • Max. Amount- 5 lacs
    • Repayment Period – up to 15 years

    SAHYOG NIWAS:

    Sahyog Niwas scheme aims to provide home loans to self-help groups which have a good credit history. The bank lends to members of these groups under this scheme for purposes of buying of land or house and construction, repair or renovation.

    Features:

    • Min. Amount – nil
    • Max. Amount- 50,000 per person of the self-help group

    SBI Home Loan FAQ section

    1. How can I decide which SBI home loan fits my requirement?

      BankBazaar gives you the option of comparing home loan schemes and an online EMI calculator to help you plan your finances well in advance before availing a home loan.

    2. What are the various interest rates offered on home loans?

      Interest rates vary with respect to the subscribing customer being a woman or otherwise. In the former case, the rate stands at 9.35% p.a while other customers are charged a interest rate of 9.40% p.a. These rates are irrespective of the actual loan amount.

    3. What is the processing fee charged by SBI for home loans?

      SBI charges a low processing fee for its home loans. Upto 0.35% of the loan amount is charged. The amount can be maximum of Rs.11,500

    4. Can I pay off my SBI home loan earlier than the initial tenure?

      Yes. You can pay off your SBI home loan earlier too, without a pre-payment penalty fee.

    5. Is there any security required for the SBI home loan?

      Usually, the property that is purchased using the loan serves as the security. In some cases it is at bank’s discretion to ask for additional securities like insurance policies, fixed deposits etc.

    6. Is a guarantor required to sign my loan application?

      Yes. A guarantor with all the valid and required documents need to sign your loan application.

    7. What kind of job makes me eligible for SBI home loan?

      You can either be a salaried employee or self-employed for obtaining this loan. However, the only condition is that you should be earning a regular income and should be able to furnish proofs of the same.

    8. Can joint-applications be made for SBI Home Loans?

      Yes. Joint applicants are welcome at SBI.

    9. Are there any tax benefits associated with SBI home loan?

      Yes. Tax rebate under section 80C of the Income Tax Act is applicable.

    10. Are long-term home loans beneficial or short-term loans?

      Long-term loans are beneficial in giving you the option and comfort of lower EMIs , however, short-term loans mean higher EMIs but lesser interest. A borrower can choose the option depending upon his financial status.

    11. How long does it take for my loan to get sanctioned?

      If all the required documents are in place then your SBI home loan can be sanctioned in a few days.

    12. Where can I apply for SBI home loan?

      With a network of over 17000 branches in India, SBI home loans can be applied at any of your nearest bank branch.

    Before you apply for the loan, Check your CIBIL Score for SBI Home Loan

    News About SBI Home Loan

    • SBI will Capitalise on Reviving its Home Loan due to High Demand

      SBI is making great plans to make this festive season lucrative. With the increasing demand for home loans, SBI is planning to capitalise on the reviving its home laon plans. Being India’s biggest market lender, SBI has launched a new campaign called “Hamara Ghar” (Our Home) which caters to affordable housing segments. If your loan amount is within Rs.30 lakh, then you will be having a fixed interest rate on your loan for two years.

      Like its competitors, SBI has waived off processing fees and brought down the interest rates for all the home loans. The bank will also be marketing its home loans to thousands through its platform called “feet on street.”

      18th September 2017

    • SBI to Augment its Resources to Meet the Demand for Affordable Pricing

      SBI augments its sales and marketing resources to meet the mounting demand for affordable housing promoted through the “Pradhan Mantri Awas Yojana (Urban).” The bank plans to broaden the scope of affordable housing market through a unit of trained workforce and relaxing loan approval processes. It is a key strategy practiced by the bank to get a competitive edge over other banks. The bank also expects a rise in loan demand primarily from first-time buyers with uncertainties connected to the execution of Real Estate Regulatory Authority Act.

      7th September 2017

    • Bengaluru Home Loan Utsav Held By SBI

      State Bank of India or SBI recently conducted a home loan utsav that continued for a period of 2 days. This event took place in the local HO in Bengaluru. The title sponsor of the home loan utsav was GM Infinite. The subtitle sponsors for this event were DSR Infra, Brigade Group and Salarpuria Sattva.

      CGM of Bengaluru circle Farooque Shahab stated that the State Bank of India has always been the bringer of change in the banking sector. According to him, this is the perfect time for SBI to conduct such an event which will definitely boost the real estate industry.

      29th August 2017

    • State Bank of India's reaction to the 25 BPS cut by RBI

      Following the 25 BPS cut by RBI, State Bank of India confirms that it was on the expected lines. The BPS rate is reviewed on a quarterly basis compared to the MCLR reviews on a monthly basis. The 60% of the home loan borrowers from SBI fall under the MCLR category compared to 40% borrowers in the BPS category. The bank provides home loans under both the categories, however, MCLR is a recently introduced system that has taken the lead for being beneficial for various factors. Reserve Bank of India (RBI) will review the BPS rate by end of August. Considering the fact that both the systems follow a rigid and complication method of calculation which involves various factors, RBI may look into making it easier.

      16th August 2017

    • SBI Realty portal to help home buyers

      SBI has launched a new portal called ‘SBI Reality’ that will help home buyers with the calculation of home loan EMI, house selection, builder comparison, etc. The user can browse through over 3,000 approved projects which are categorized based on locality, type of property, property space, price, etc. The portal will provide helpful information to buyers, sellers, and builders across the nation. The portal will also help the buyers in making an effective buying decision with the help of available factual data present on the portal. Being one of the largest commercial banks in India, SBI can expect to see a large number of users being benefited from this portal.

      21st July 2017

    • SBI cuts down interest rate on home loans again

      State Bank of India or SBI recently announced a deduction in the interest rate on new home loans above Rs.75 lakh. SBI home loans that are more than Rs.75 lakhs are going to be cheaper by 10 base points or 0.1% that will be effective from June 15. The new interest rates will be 8.60%, SBI officials informed. This is the second cut in interest in two months.

      The home loans rates offered by SBI are the lowest in the industry. For new homes, if a buyer takes a loan for up to Rs.30 lakhs, he has to pay the reduced interest rate to 8.35%. "Taking a hint from the recent RBI reduction in risk weightage on home loans. SBI is passing on the benefits to its customers by reducing its interest rates on home loan above Rs.75 lakhs, informed Rajnish Kumar, the managing director for National Banking at SBI.

      19th June 2017

    • SBI offers cheaper home loans for women

      Working women in India can now avail cheaper home loans from this month as the State Bank of India (SBI) is offering interest cuts.

      Home loans above Rs.75 lakh will be made available for women who are employed at 8.55% per annum, this is a cut by around 10 basis points. For others, the usual interest rate on home loan stand at 8.6% per annum.

      SBI had earlier cut down interest rates by almost 25 basis points in April.

      15th June 2017

    • SBI to disburse Rs.5,000 crores under home loan in Kolkata circle

      Having lowered the lending rates by 0.25%, SBI’ Kolkata circle aims to give out loans around Rs.5,000 crore. West Bengal, Sikkim, and the Andaman and Nicobar Islands comprise the Kolkata circle of the public sector lender. The bank disbursed more than Rs.3,000 crores last year and it’s aiming at an additional Rs.2,000 crores for this fiscal year. Chief General Manager of SBI, Partha Pratim Sengupta said that the bank’s market share in these regions is close to 30%. The average home loan amount in these circles is Rs.22 lakhs. The bank also stated that expense ratio and transaction costs too have dropped in FY2017.

      18th May 2017

    • New Home Loan Target for SBI Calcutta Circle

      The State Bank of India Calcutta Circle has set eyes on disbursing home loans amounting to Rs.5,000 crore as a target for the current financial year 2017-18. The bank is hoping that that the reduction in home loan interest rate by 0.25% in the segment of affordable housing will provide the necessary impetus for SBI to reach this target.

      The chief general manager of SBI Calcutta circle, Partha Pratim Sengupta, shared that in the previous financial year SBI distributed a total of Rs.3,125 crore under the segment of home loan, registering a Rs.1,841 crore growth. SBI already has a market share of 30% in home loans at Calcutta Circle and they are targeting a Rs.2,000 crore growth this year in home loans and an additional Rs.300 crore growth in products allied to housing loan.

      Sengupta also added that SBI has formed an alliance with Credai, an association representing the industry of real estate, to offer interest rate concession of 0.35% to consumers.

      The Calcutta Circle consists of West Bengal, Sikkim and the Andaman & Nicobar Islands.

      The bank has set a target to distribute housing loans to 1,500 accounts which come under the ambit of Pradhan Mantri Awas Yojana. The average housing loan size in Calcutta Circle is Rs.22 lakh.

      After the loan rate revision, SBI would now charge 8.35% and 8.40% from women and other borrowers respectively for a loan quantum of up to Rs.30 lakh. And for loan quantum greater than Rs.30 lakh but less than Rs.75 lakh, the effective rate will be 8.50% for women and 8.55% for other borrowers.

      For salaried consumers who saw a rate reduction of 10 basis points, the above-mentioned rates are applicable. For non-salaried consumers the housing loan interest rates have reduced by 20 basis points.

      17th May 2017

    • State Bank of India will boost the affordable home loans in Chennai

      State bank of India has announced lucrative rates of interest with their home loans in the Chennai circle. They are also contemplating about joining hands with BAI (Builders Association of India). In the fourth quarter, of FY 2016-2017, 200 loans were disbursed by the Chennai circle. The ticket size ranged between Rs.22 lakh to Rs.30 lakh.

      According to B Ramesh Babu, State Bank of India’s Chief General Manager, they can achieve more than 200 loan disbursements with the new and attractive rates of interest. State Bank of India was experienced the growing enthusiasm in builders for launching affordable home projects. The dwelling units are between a price range of Ts.10 lakh and Rs.15 lakh. The attractive interest rates being offered by the State Bank of India in the Chennai circle is also expected to increase the growing demand. The bank has already joined hands with CREDAI (Confederation of Real Estate Developers Associations of India) for supporting the growth of affordable home projects.

      16th May 2017

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  • SBI Home Loan Reviews

    • SBI Home Loan
      "Its Average"
      0.5 2.0/5 "Expected more"
      SBI really not done a good job, they assigned a person in pune, but they didn't give genuine information and their service is not upto the mark. But interm of interest rate, whatever I expected I got same rate but charges was high even they have taken for mortgage too.
      Was this review helpful? 0
      , pune
      Reviewed on Sep 20, 2017
    • SBI Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have got the Housing loan from SBI around 5years ago. They have taken around 10 days to disburse my loan amount., The required loan amount has been given and I am satisfied with it. This loan has the tenure of 15 years. The fore closure and the part payments options are available with the SBI housing loan.
      Was this review helpful? 0
      , imphal
      Reviewed on Sep 20, 2017
    • SBI Home Loan
      "Looking for better service and immediate reply"
      0.5 3.5/5 "Pretty good"
      SBI home process was very difficult, I undergone with many criteria, many process and many paper work, there was no response from their end for my mail. They should improve the service part. But I am quite happy with interest rate, whatever the market rate they have offered the same thing. Based on property value they sanctioned my loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 20, 2017
    • SBI Home Loan
      "Good offer in the market"
      0.5 4.0/5 "Great!"
      I am happy about SBI interest rate is pretty good, but service wise its not upto the mark. I have went to branch to complete the paper work and also I had follow up on my loan process and legal process as well. Finally my requested amount got sanctioned more than Rs. 50 lakhs with tenure 20 years .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 20, 2017
    • SBI Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I was with my brother for the home loan process at State Bank of India. This process was also on the average side as it was a lengthy one too. The paper work was much and the disbursement was also not on time. The bank needs to be more proactive and supportive.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 20, 2017
    • SBI Home Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      I have taken a home loan from State Bank of India. The customer services are good, but the bank was high on the processing charges. The initial interest rate was around 9.35% and now it fluctuated to 8.3%. The after loan services are also good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 20, 2017
    • SBI Home Loan
      "High on charges"
      0.5 4.0/5 "Great!"
      The whole process at State BanK of India took five month. I have taken a home loan. Though they are secured but the bank is very high on the charges when compared to the private banks. There are charges for legal document, site verification and ECS and other forms and the and other document charges. Plus the processing fees which costed me 20k. Where as all the charges are waived off at Axis bank and other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 19, 2017
    • SBI Home Loan
      "Very rigid norms"
      0.5 4.0/5 "Great!"
      I have had approached SBI for my housing loan. SBI confirmed that they would be able to sponsor 20 lakhs which is 30% of the loan amount even after considering my wife 's salary and my salary. Too much of documents required by SBI. Interest rate offered by SBI was much lower than HDFC Bank however the bank norms were very rigid.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 19, 2017
    • SBI Home Loan
      "Its good only"
      0.5 5.0/5 "Blown Away!"
      I did not interact with the customer service team . I directly approach the bank and the bank processed my housing loan request . The bank took hardly a days time to process the housing loan it was quick, mainly because it was the bank which finalized the land for me. However SBI was unable to process Pradhan Mantri scheme.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 18, 2017
    • SBI Home Loan
      "Better"
      0.5 4.0/5 "Great!"
      I would like to recommend SBI to get the loan because of their turn around time is lesser one. I got the home loan from the State bank of India and the loan amount got disbursed within fifteen days of time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 17, 2017
    • SBI Home Loan
      "Banking services are good."
      0.5 4.0/5 "Great!"
      I have taken a home loan from State Bank of India. The process was good and very much convenient. The bank is good only in this loan process. The interest rate and processing charges is normal and there are no hassles as such to get my loan through.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 15, 2017
    • SBI Home Loan
      "They need to improve their service"
      0.5 2.5/5 "Just OK"
      SBI home loan is always best, I have taken the principal of Rs. 30 lakhs for the tenure of 20 years. They didn't give any corporate interest for my home loan but its best. In term of service is not upto the mark they should work on it and they do have foreclosure charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 15, 2017
    • SBI Home Loan
      "Its really good"
      0.5 5.0/5 "Blown Away!"
      I am compelted happy with the service provided by SBI for the Home loan. I was provided the best rate of interest for the banks but due to my personal reasons I was not in state to avail their services otherwise i am very much happy with SBI and its services.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 14, 2017
    • SBI Home Loan
      "Its a Good Experience"
      0.5 4.0/5 "Great!"
      SBI gave me the interest rate around 8.6% but the processing time was very long, they took around two and half months, I done lot of paper work with them, it would be great if their process is simple and easy. I am happy home loan principal amount.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 13, 2017
    • SBI Home Loan
      "Best offer in the market"
      0.5 4.0/5 "Great!"
      SBI customer service is good but the response is slow. When I applied for the home loan the documents process got delay, they have taken four months to disburse the amount, I done lot of paper works and I followed them frequently.I would like to suggest them to work on the response part and they should give the prior information about the documentation part. Apart from them everything is good, infact they gave me the interest rate of 9.35% its fine.
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      , bangalore
      Reviewed on Sep 13, 2017
    • SBI Home Loan
      "Its customer friendly"
      0.5 5.0/5 "Blown Away!"
      I am very much happy about zero processing fee of SBI and there was no hidden charges on my home loan, Documentation process was happened on time. I got disbursement amount quickly, my principal amount was Rs. 36 lakhs for the tenure of 20 years.
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      , kolkata
      Reviewed on Sep 13, 2017
    • SBI Home Loan
      "Its Good"
      0.5 3.5/5 "Pretty good"
      The communication part was excellent in SBI, they gave me time to time update, but when I went to the bank I waited for quite sometime, because my file was not moved for the approval, finally they processed it. SBI gave 8.6% interest for the loan amount of Rs.22 lakhs, it is floating rate.
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      , pune
      Reviewed on Sep 13, 2017
    • SBI Home Loan
      "SBI is a good bank"
      0.5 5.0/5 "Blown Away!"
      Almost all, would like to avail the services of SBI the reason being its a nationalized bank and everything is transparent here no hidden cost. Also SBI is a reliable bank and it is reputed too. Every step is simple and we dont have to worry about anything as it is easy to approach them especially when your property is legal. In short, I would say it is the best bank for a common man like me.
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      , jaipur
      Reviewed on Sep 12, 2017
    • SBI Home Loan
      "Looking for a best offer"
      0.5 3.0/5 "Satisfactory"
      Initially I started SBI home loan with 8.5% of interest buy they have increased the interest rate around 10.7%. I didn't get the reversed the interest rate as per the govt. But in term of service wise SBI is good, they gave me good response on my home loan application.
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      , bangalore
      Reviewed on Sep 12, 2017
    • SBI Home Loan
      "Excellent "
      0.5 4.0/5 "Great!"
      I have got the home loan with the State bank of India and the response was quite good one for me. I got the loan amount within a month of time, also am really happy with them. Response with the bankers end were really okay for me. Overall experience is good one with the State bank of India.
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      , kolkata
      Reviewed on Sep 11, 2017
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