SBI Home Loan is considered to be the largest and most renowned mortgage lender in the country. Till date, the company has helped approximately 30 lakh households fulfil their dream of owning a residential property by offering a wide range of products. SBI Home Loan caters to its huge clientele through its wide network of more than 24,000 branches that are spread across the length and breadth of the country.
See the table mentioned below to learn about the interest rates offered by SBI for pre-approved home loans based on the risk score of the borrower as on 30 April 2019:
|Loan Type||Type of Borrowers||Salaried||Self-employed|
|Term loan||Women Borrowers||
|Overdraft facility||Women Borrowers||
The State Bank of India charges a one-time processing fee on all pre-approved home loans.
|The minimum processing fee||Rs.2,000 plus service tax|
|maximum amount||Rs.10,000 and service tax|
*The amount that is charged as processing fee is equal to 0.35% of the loan amount along with service tax. Please note that the loan provider has decided to waive the processing fee for this loan till 31 May 2019 under campaign.
|Type of resident||Resident of India|
|Minimum age||18 years|
|Maximum age||70 years|
|Loan Tenure||Up to 30 years|
|Loan Amount||Rs.10 lakh and above|
|Proof of identity||
|proof of income||
Learn about the important features of the SBI Pre-Approved Home Loan mentioned below:
How much loan am I eligible for under SBI Pre-Approved Home Loan?
You can check your eligible loan amount online using the loan calculator available at the official website of SBI Home Loan. All you have to do is enter the required details in the form for available on the website for checking eligibility, and submit it. You will get a call back soon. You can also call the customer service team at 1800 425 3800.
Is there any interest subsidy available under SBI Pre-Approved Home Loan?
Yes, you can get an interest subsidy of up to Rs.2.67 lakh under PMAY-CLSS.
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