We are fetching your Credit Score
It'll take less than 60 seconds
The State Bank of India (SBI) offers a wide range of home loan products to cater to all kinds of borrowers in the country. Among the types of loans it offers is SBI Her Ghar Home Loan for women, SBI FlexiPay Home Loan offering flexible repayment options,SBI NRI Home Loans tailored for non-resident Indians, and SBI Realty Home Loans specifically for purchase of plots of land instead of ready houses.
If you want to avail an SBI Realty Home Loan , you need to meet the following criteria:
Before applying for an SBI Realty Home Loan, make sure the following documents are in order:
Salaried individuals need to provide these documents too:
Non-salaried individuals and entrepreneurs need the following documents in addition to the above:
If you are using a guarantor, the guarantor needs to submit the following documents:
The key features of the SBI Realty Home Loan are as given below:
The fees and charges applicable on an SBI home loan are:
No. SBI Realty Home Loan is specifically designed for the purpose of buying plots on which you can construct your own house.
Yes, you can. You can run concurrent home loans if the first loan taken was the SBI Realty Home Loan. This way, you can supplement the original amount and build your dream house.
Yes, absolutely. You can also avail the lower interest rate available for women if you are the sole applicant or the co-applicant. Your husband, however, will have to pay the normal interest rate.
No. The plot of land you buy with the bank’s financing will be considered as mortgaged to SBI.